[extropy-chat] Greenspan on Peak Oil
avantguardian2020 at yahoo.com
Wed Oct 19 06:12:26 UTC 2005
The following was forwarded to me from my friend
Today's massive >4% decline in the share price of
followed this very interesting Greenspan speech in
Japan. Apparently a
huge block of XOM caused the drop.
"We will begin the transition to the next major
sources of energy,
perhaps before midcentury, as production from
reservoirs, according to central-tendency scenarios of
Department of Energy, is projected to peak. In fact,
and application of new sources of energy, especially
sources of oil, is already in train."
Apparently peak oil for real.
alt email: stuart"AT"ucla.edu
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