Wednesday, November 18, 2009

The petroleum civil war

Most alarmingly, recent accusations reveal that instead of raising awareness about peak oil, governments have been suppressing the truth about its proximity. On Nov. 9, a day before releasing its annual report, the International Energy Agency was criticized by two whistleblowers for allegedly capitulating to U.S. pressure to downplay decline rates and overplay the chances of finding new reserves. Just weeks ago, David Fridley, a scientist at Lawrence Berkeley National Laboratory who worked directly under Energy Secretary Steven Chu, further pushed the notion that the U.S. government is choosing to remain silent on oil supply woes, proclaiming that Chu “knows all about peak oil, but he can’t talk about it. If the government announced that peak oil was threatening our economy, Wall Street would crash. He just can’t say anything about it.” More>