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February 09, 2006

Don Evans Acknowledges Peak Oil Peak Oil

Here's Don Evans, Secretary of Commerce during Bush's first term, campaign chair for Bush's 2000 election campaign, and a long-time Bush friend, on Hardball last week:

EVANS: The world is producing oil, the Middle East, every country at its full capacity and it's very unlikely that we're going to be able to see supply in the world grow from the levels where we are right now. There's a debate about that. I'm one that falls in the camp that says it's going to be very, very hard to do that. But what I do know is China needs to continue to grow, India needs to continue to grow, America needs to continue to grow. So what that simply says is we've got to develop new forms of energy for the United States and the world. [Emphasis added]

Well, there you have it. The world's never going to produce more oil than it is right now. Which is to say, peak oil is happening. Right now. This is as good as it's going to get, and it won't ever get this good again.

And Bush knows it.

Posted by Jonathan at February 9, 2006 07:12 PM  del.icio.us digg NewsVine Reddit YahooMyWeb