http://www.democraticunderground.com...esg_id=8430611Subdivisions (1000+ posts) Thu May-27-10 01:41 PM
BREAKING!! President Obama just admitted Peak Oil on national TV.
Edited on Thu May-27-10 01:42 PM by Subdivisions
It's about damn time! This is a pivotal admission in US history. My concern on this topic has just been vindicated by the President.
Now, it's time to get to work!
More on this from me later.
arcane1 (1000+ posts) Thu May-27-10 01:54 PM
Response to Original message
18. Sweet! Anyone know what his exact words were?
For those of us in the cube farms today?ol' subdivisions is really starting to lose it.Subdivisions (1000+ posts) Thu May-27-10 02:05 PM
Response to Reply #18
24. As soon as I can find video, I will post it. He DID NOT use the words "Peak Oil". However,
Edited on Thu May-27-10 02:26 PM by Subdivisions
those of us who are peak oil aware use his very words spoken today to describe the premise of the current peak of world oil production.
I have myself been researching and observing oil production daily since 2006 as the peak oil community was waiting to see if the May 2005 peak would hold. It was barely broken (after considerable shenanigans to bolster the crude oil production numbers) in July 2008 but we have been on what's known as a "peak plateau" since 2005 that has been trending to the down side by about 1.8% YOY since 2005. Once it begins to decline at a rate faster than 4.5%, there will be no going back.
For those who don't know what Peak Oil is, go here: http;//www.lifeaftertheoilcrash.net