Page added on September 20, 2008
THE BORG ONLY LOSES IN THE MOVIES
Matthew Simmons predicts by 2015 the world will, in the BEST case scenario, be pumping no more than 65 million barrels per day of crude. Since this is TYT i will just say Matthew Simmons is arguably the most deeply knowledgeable single person in the world on the actual state of the worlds oil fields, what their future production curves will be, the fields coming on line and the state of new and expected discoveries. Matthew Simmons is the founder and chairman of the worlds most successful energy investment bank (really REALLY smart) and has been intensively studying oil depletion and peak oil in particular for the last 8 years.
By 2012, the last year of the next administrations term, the world’s oil market will be several milllion barrels a day short of demand and that shortage accelerating over time. Keeping in mind the oil exporting nations, with rivers of wealth pouring into their economies (while the oil lasts) will be using ever more of their own production, which will decrease the oil available on the world market for the net importers much faster than the decrease in the total production figures.
This means a succession of severe economic shocks as the US economy continually&nb sp;adjusts to ever steeper oil shortages.
Cheney actually laid this out in 1999. He was fully cognizant of what the future of oil was. The choide that lay ahead was a) bend the nations energies and resources to grow renewables and becoming self sufficient or b) use and grow the military to control the remaining oil reserves of oil in the middle east and central asia.
He chose … poorly …
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