A Quote by William J. Clinton
A significant number of petroleum geologists believe that we will reach the global maximum of petroleum extraction within this decade or that we have already reached it. Peak Oil happened in 1970 in America, when over half of our oil that we gained from the soil was exhausted ... This is very disturbing, regardless of global warming.
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...the era of cheap oil and natural gas is coming to a crashing end, with global oil production projected to peak in 2010 and North American natural gas extraction rates already in decline. These events will have enormous implications for America's petroleum-dependent food system
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.
Oil is also essential for military operations. No other substance, no other raw material, is so vital for the prosecution of warfare, than petroleum. And the United States being the world's only global power, is totally dependent on petroleum.
Regardless of how you feel about peak oil or global warming, the increased use of natural gas is a positive thing because it is being found at a rate that is faster than that of new oil reserves, it is relatively abundant, and our reserves are longer lived than our oil reserves... It does not get the kind of attention it deserves.
A key impact of recent events was a very persistent, if not permanent shock in the oil supply. This was caused as the oil industry hit geological boundaries, which meant that it could no longer maintain the historic growth rates in petroleum extraction.
My fear is that the global consumption of oil is going to increase, but European oil consumption has already reached its peak. The amount of oil available globally, I think, has already peaked.
You folks been following the big British Petroleum oil spill in the Gulf of Mexico? I'm telling you, British Petroleum has put more birds in oil than Colonel Sanders.
Saudi Arabian oil production is at or very near its peak sustainable volume (if it did not, in fact peak almost 25 years ago), and is likely to go into decline in the very foreseeable future. There is only a small probability that Saudi Arabia will ever deliver the quantities of petroleum that are assigned to it in all the major forecasts of world oil production and consumption.
Thousands of climate scientists agree that global warming is not only the most threatening environmental problem but also one of the greatest challenges facing all of humanity. We must demand a separation between oil and state. We can get off oil and slow global warming.
About half of all potential future global warming emissions from United States fossil fuels lie in oil, gas and coal buried beneath our public lands, controlled by the federal government and owned by the American people - and not yet leased to private industry for fuel extraction.
Speaking about our largest oil company Rosneft, and I recalled in the beginning that almost 20 percent of it [19.7] belongs to BP. Who's company is that? British Petroleum, isn't it? I suppose that is not bad. I have to tell that British Petroleum's capitalization is significantly related to the fact that it owns more than 19 percent of Rosneft, which has vast oil reserves both in Russia and abroad. This has its impact on the company's stability as well.
I believe we will see a biofuels resurgence. While gas prices skyrocket and we continue to wage wars for oil, while spills, fracking, tar sands and the oil madness of our empire continue, people are waking up and realizing that you can't be against petroleum and against fuels that come from nature.
We need to see the connection between global warring and global warming, and it's oil. Sustainability is the path to peace.
They've been changing the cry from "global warming" to "climate change" because there's so little evidence there's actually any warming going on. I believe that as little as a decade from now, global warming will be recognized as one of the greatest swindles in world history. It has so little scientific basis, it can only rationally be considered a political scam.
In my humble opinion, we should now have reached peak oil. So it is high time to close this critical chapter in the history of international oil industry and bid the mighty peak farewell.
There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation.
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