A Quote by Kenneth S. Deffeyes
This much is certain... No initiative put in place starting today can have a substantial effect on the peak production year. No Caspian Sea exploration, no drilling in the South China Sea, no SUV replacements, no renewable energy projects can be brought on at a sufficient rate to avoid a bidding war for the remaining oil.
Related Quotes
The momentum of Asia's economic development is already generating massive pressures for the exploration and exploitation of new sources of energy and the Central Asian region and the Caspian Sea basin are known to contain reserves of natural gas and oil that dwarf those of Kuwait, the Gulf of Mexico, or the North Sea.
In the South China Sea and underneath the South China Sea, of course, there's a lot of raw materials. There are very rich fishing grounds there, so there are some economic concerns in the South China Sea as well.
There are many disturbing news. We believe that the production of conventional petroleum reached peak oil already in 2006. The oil fields in the North Sea and the US are collapsing ... time is running out.
There's a national ambition, a collective, in a sense, political ambition, which I think is the thing we see from far away. That's the fact that China's building roads and airports and extending its reaches out into the East China Sea and the South China Sea, and in a way that's putting it into some tension with its neighbors.
Shell Oil's decision to pull the plug on drilling for oil in the Chukchi Sea is a major victory for the Arctic.
Prominent exploration experts have recently predicted that total world production of liquid oil will peak by about the end of this decade-or a few years later if production does not rise much-and will decline thereafter.
We hope relevant countries will work together in the same direction to build the South China Sea into a sea of peace, friendship and co-operation.
I'm trying to photograph an old offshore oil city that is lying in decay in the Caspian Sea, but I've been having a hard time getting there.
We deeply regret that some Senators are still willing to do Big Oil?s bidding, and we now turn to the House where the Arctic drilling scheme should be dead on arrival. Americans are clamoring for a clean Congress and a clean energy plan, but sadly they were shortchanged on both today.
Americans deserve to feel secure in their own lives, in their own middle-class aspirations, before you go to them and say, 'We're going to have to enforce navigable sea lanes in the South China Sea.'
The U.S. is not a claimant state in the South China Sea or in the China-Japan dispute over the Senkaku Islands. But, of course, the 7th Fleet has been a presence in the region since the Second World War, and it is the most powerful fleet in the region.
The effect of metals speculation was to push up the prices that China had to pay to countries like Australia. This squeezed China. Once the speculative demand ended, all of a sudden the added production facilities that had been brought into production by the high prices went out of production again, and there was a glut.
By encouraging renewable energy sources such as wind energy, we boost South Dakota's economy and we help reduce America's dependence on foreign oil.
If we were building our navy, rather than reducing our navy to pre-World War I levels, China would not be thinking about increasing its navy to take over the South China Sea.
China's island-building in the South China Sea poses a threat to U.S. national security interests in the region.
I have done business in China for 25 years, so I know that in order to get China to cooperate with us, we must first actually retaliate against their cyber-attacks so they know we're serious. We have to push back on their desire to control the trade route through the South China Sea through which flows $5 trillion worth of goods and services every year.
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