[extropy-chat] Greenspan on Peak Oil

The Avantguardian 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
energy stocks
followed this very interesting Greenspan speech in
Japan. Apparently a
huge block of XOM caused the drop.

- James


"We will begin the transition to the next major
sources of energy,
perhaps before midcentury, as production from
conventional oil
reservoirs, according to central-tendency scenarios of
the U.S.
Department of Energy, is projected to peak. In fact,
the development
and application of new sources of energy, especially
sources of oil, is already in train."

Apparently peak oil for real.

The Avantguardian 
Stuart LaForge
alt email: stuart"AT"ucla.edu

"I don't want to achieve immortality through my work. I want to achieve it through not dying." - Woody Allen

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