Wednesday, June 20, 2007

Several days ago, The Independent, one of the U.K.’s largest newspapers, ran a full front-page story on Peak Oil. This was the first major western newspaper to do so. So, for those of you wondering why it took so long for one of the “majors” to make the grade, consider some of the stunningly double speak BS coming from “them”.

“We can't conserve our way to energy independence, nor can we conserve our way to having enough energy available. So we've got to do both.” -George W. Bush, quoted in "Bush Launches Effort to Sell Energy Policy Overhaul," The Washington Post, 4 May 2001

Got that? And you thought “they” were going to solve the energy crisis. Well, “they” can’t even string a coherent sentence together, even though prepped in advance.... This would be freaking hilarious if it wasn’t so serious… but what else should one expect from an individual who said:

“It is clear our nation is reliant upon big foreign oil. More and more of our imports come from overseas.” Yep, George W. Bush

Imagine that.

"... the supply-demand fundamentals seem consistent with the view now taken by market participants that the days of persistently cheap oil and natural gas are likely behind us." Ben Bernake, Chairman of the US Federal Reserve - Economic Club of Chicago, 15 June 2006.

I didn’t know Bernake was an attorney as well as an economist! He forgot “inclined”, “reasonably”, and “perhaps” to really put them to sleep.

This might have been the first major news article that did more, but not much more, then quote “Investment Banker” Matt Simmons and “Pulitzer Prize winning author” Daniel Yergin for 2 “separate but equal” opinions on the matter. As a matter of fact, there are only 2 repositories as a source for the official denial of Peak Oil: Yergin’s Cambridge Energy Research Assoc. (“CERA”), and the U.S. Geological Survey. Tellingly, neither of these organizations has published data for review supporting their assertions – yet every major news publisher, in an apparent attempt to appear balanced, continues to quote their opinions without asking, “where’s the beef”? I’d like to remind the mainstream media that, while I truly loved his book “The Prize”, Yergin has NEVER even been CLOSE in forecasting on the price of oil or natural gas. He should stick to journalism and economics, which are best used in the rear view mirror, and leave his crystal ball at home.

Yours for a better world,

Mentatt (at) blogspot (dot) com

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