[mcmurphy]

As I am rather new to the whole Peak Oil debate, I don't know how most of the CEO of the big oil companies thinks/speaks of peak oil, but I saw one clip on youtube where Rex Tillerson from Exxon Mobil strongly denied peak oil.

Here in Norway our biggest oil company (btw also by far the biggest of all companies in Norway) StatoilHydro CEO, Helge Lund ,several times has mentioned Peak Oil, and the consequences and impact this will have on the world. Maybe it's not so strange he admits that peak oil is a fact, since all science and all numbers show that Norway peaked somewhere around year 2000.

Is peak oil slowly becoming more and more accepted by the CEO's around the world, or are they still in deny?


EDIT: Maybe something was lost in translation here or something, but i guess many acknowledge Peak Oil as a theory, but my question was if they admit that it is something not in a distant future, but happening as we speak

[ohanian]

That's the problem with people in Nordic countries
They all act like rational atheists

[oddone]

"rational atheists" sums it up, for most of us.
There won't be any riots here when we line up for fuel after PO, food during Bird Flu, ration cards after Peak Electricity, and not last, we'll line up for volountary work should the governement ask us to...

[Colorado-Valley]

I don't like the sound of "voluntary work."

[oddone]

"communal work" - why not?

[Nicholai]

Jesus Christ those Scandinavians are always on top of things. The more I learn about Norway, Finland, Denmark and Iceland, the more I think 'Canadians are stupid'!

[mos6507]

Europe is already turning the corner. I read a lot of p-o press in the UK media off google news that has yet to penetrate the MSM in the US/Canada.

Even though it's all english-language stuff, the US media is insulated enough that the UK media doesn't seem to be influencing the US media. Even the fact that the UK is getting alarmed about p-o should hit the MSM in the US, but it's not.

[mcmurphy]

In Norway we have long talked about the fact that our own oil production will run dry in an not distant future. As a country of only 4.5 million people, our oil income is so big, and such a enormous part of our gross domestic product.

Before the discovery of oil in the late sixties, we were a relatively poor European country. But now we are one of the riches countries in the world. Still the taxes are very steep, but it provides us with a lot of different services as f.ex free health care.

Electrical heating has for a long time been the number one source here. The maturity of our electrical energy comes from Hydroelectricity. Since this is a renewable energy source this will last "forever". But as a society with a general consumption growth of about 3.5%, and an oil consumption growth of 6.3% we are as the rest of the world becoming more and more dependent of oil and gas.

As we have long lived with the accepted knowledge that our oil production will stop sooner than later, the government established a national fund for our oil income. The main oil companies in Norway with major StaoilHydro in the lead, has been, or to some extent still is own by the government. This fund is now the total of about 2000 billion Norwegian kroner ( about 350 billion USD). This will be used when the nations biggest income runs out.

Not explained by peak oil, but rather the climate debate, media and politicians now talk more and more, and spend more money on research to alternative sources of energy. As we peak, a continuous decrees of consumption is the only way to continue..

I am by now means an expert of any kind, and someone please arrest me if what I'm saying is wrong, but as I see it, this is the state of the Norwegian society today.

[EnergyUnlimited]

$this->bbcode_second_pass_quote('oddone', '"')rational atheists" sums it up, for most of us.
There won't be any riots here when we line up for fuel after PO, food during Bird Flu, ration cards after Peak Electricity, and not last, we'll line up for volountary work should the governement ask us to...

[Bas]

$this->bbcode_second_pass_quote('EnergyUnlimited', ' ')and those living at the coast will start building Viking boats.

[TorrKing]

I live here and I'm not in on the Norway hype. It's plain wrong that we are environmental well doers. The areas of wilderness in Norway has diminished to a neglible size.

When it comes to oil, it looks by the numbers like we will be net exporters around 2015. I don't think that is great planning, considering that we have exported A LOT of oil.

Our so called pention fund (or oil fund), which is huge, is for a great part invested abroad. In other words, when the other economies collapse, it will be worth zero.

Alternative energies... Bah. We have exploited our hydroelectric potential to the max. Leaving a lot of environmental devastation behind us. Because with hydroelectric dams there comes roads, people, logging, cottages, overhunting, destroyed lake fisheries and soil erosion.

Hydro electricity makes me sick. And so does the Norwegian government and it's people. Most of us are overconfident arrogant bastards. In a few years (2009 most likely) the neocon party will probably win and make our country a police state like the US.

[mcmurphy]

I am by no means saying that all is well in Norway. But this whole topic was started by an question i had about how other CEO's stand on the oil peak subject.

To say that areas of wilderness in Norway is diminished to a negligible size is in my opinion not true. With a density of 12 people/km² and around 37% of our mainland is still covered by woods.

The steps the politicians are taking towards alternative energy is small, and one can argue if it is even worth the effort as long as we need fossil fuels to produce and distribute almost all new sources of energy, but still I think that something has happened with the general opinion the last year or two..

[mos6507]

$this->bbcode_second_pass_quote('TorrKing', '
')Alternative energies... Bah. We have exploited our hydroelectric potential to the max. Leaving a lot of environmental devastation behind us. Because with hydroelectric dams there comes roads, people, logging, cottages, overhunting, destroyed lake fisheries and soil erosion.

Hydro electricity makes me sick. And so does the Norwegian government and it's people. Most of us are overconfident arrogant bastards. In a few years (2009 most likely) the neocon party will probably win and make our country a police state like the US.

[TorrKing]

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('TorrKing', '
')Alternative energies... Bah. We have exploited our hydroelectric potential to the max. Leaving a lot of environmental devastation behind us. Because with hydroelectric dams there comes roads, people, logging, cottages, overhunting, destroyed lake fisheries and soil erosion.

Hydro electricity makes me sick. And so does the Norwegian government and it's people. Most of us are overconfident arrogant bastards. In a few years (2009 most likely) the neocon party will probably win and make our country a police state like the US.

[TorrKing]

$this->bbcode_second_pass_quote('mcmurphy', '
')To say that areas of wilderness in Norway is diminished to a negligible size is in my opinion not true. With a density of 12 people/km² and around 37% of our mainland is still covered by woods.