Friday, May 22, 2009

Peak Oil

This Peak Oil presentation by Matthew Simmons is excellent. I recommend reading it. It's a 6 MB file but worth the download. Note the similarity of energy to money: he asks for a public 3rd party audit of the oil reserves, just like Ron Paul asks for an audit of the Federal Reserve; he warns of a run on the energy "bank" once nations accept that the oil supply cannot meet demand, ... And he urges policy makers to act rapidly to avoid that the lights go out.

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