Cheap oil not here to stay: Ex-Talisman CEO

HALIFAX

Buckee was a controversial figure in Canada, hounded by human-rights activists and investors in the 1990s for helping the rogue government of Sudan exploit its oil reserves.

He is now retired and living in England, but Buckee says society hasn’t done enough serious thinking about how to cope with gasoline prices of $10-$20 a litre.

“Black oil has peaked,” he said in telephone interview this week. “The biggest oilfields in the world have been producing for 50 years and they’re all getting tired.”

Calgary Herald