[Graeme]

No long-term global oil shortage: US

$this->bbcode_second_pass_quote('', 'T')HERE is no long-term global oil shortage, a senior US official said in Australia yesterday, on a day when the oil price went almost to $US87 a barrel because of the Turkey-PKK situation.

James A. Slutz, deputy assistant secretary for oil and natural gas, made it clear yesterday that the US position is that any worries about oil supply are caused more by slow technological take-up by oil explorers than by any specific oil shortage.

"While alternative sources, particularly fuel from biomass, and other renewables are likely to contribute increasingly to total energy supplies, the three fossil fuels will dominate for the next 25 years.

[PeakingAroundtheCorner]

Well, that's that.

Gee, what will we all do now that we don't have to worry about peak oil anymore?

[funzone36]

Some people have eyes but no vision.

[Troyboy1208]

Mods can you move this to the appropriate forum? It should be in the forum entitled "humor"

[dbruning]

I for one strongly support James, and in fact am looking forward to students being forced to keep a straight face while they learn about this brilliant politician.

Go Slutz!

Actually, maybe he'll be remembered for being embarassingly wrong, that would work too.

[DantesPeak]

Is there a rolling around the floor laughing emoticon, because I want to add one to my comments?

[bonehead]

You gotta love the guy's last name.

[americandream]

$this->bbcode_second_pass_quote('bonehead', 'Y')ou gotta love the guy's last name.

[markcl]

He may be right with the dieing dollar and bad econamy it may be 25 years before other fuels make up over 50% of energy supply, he didn't say life will be good!

[markcl]

He may be right with the dieing dollar and bad econamy it may be 25 years before other fuels make up over 50% of energy supply, he didn't say life will be good!

[PeakingAroundtheCorner]

$this->bbcode_second_pass_quote('DantesPeak', 'I')s there a rolling around the floor laughing emoticon, because I want to add one to my comments?

[DantesPeak]

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', '')$this->bbcode_second_pass_quote('DantesPeak', 'I')s there a rolling around the floor laughing emoticon, because I want to add one to my comments?

[Roy]

James, you ignorant Slutz!

[Nano]

This is almost as funny as the Dutch Central Planning Bureau (CPB) which claimed as late as 2005 that world oil production could rise without any problem to 155 mbpd in 2050 at a constant US dollar price of 28$pb.

I mean, with such comedians running our official governmental planning agency, who can blame a Dutchman for honestly believing that Western civilisation is going straight to smoking bloody ruin?

[vision-master]

fixed

$this->bbcode_second_pass_quote('', '"')While alternative sources, particularly fuel from biomass, and other renewables are likely to contribute increasingly to total energy supplies, the three fossil fuels will [s]dominate[/s] diminish for the next 25 years.

[MD]

$this->bbcode_second_pass_quote('', 'O')r, as the industry puts it, a low rate of change in the approach to non-conventional oil.

"Globally, oil prices are not the thing that is going to cause us problems," he said. "The key thing is that hydrocarbons are becoming more difficult to develop, taking more time, and the cumulative effect of this is a more challenging supply situation," he said.

[mattduke]

Oh man, thanks you guys. I could really use a good laugh today!

[jeezlouise]

$this->bbcode_second_pass_quote('Roy', 'J')ames, you ignorant Slutz!