‘Peak Oil’ Turns out to Be Complete Nonsense – Affordable Global Reserves Seem Virtually Limitless
Back during the early days of the Bush-Cheney administration, countless articles and even official statements by the International Energy Agency and various governments proclaimed the onset of what was termed Peak Oil. This was a time when former Halliburton CEO, Vice President Dick Cheney, was named to head the White House Energy Task Force. In the run up to the March 2003 war on Iraq, peak oil or absolute decline in world oil reserves seemed a plausible explanation, if not justification, for the G.W. Bush invasion of Iraq.
‘Peak Oil’ Turns out to Be Complete Nonsense – Affordable Global Reserves Seem Virtually Limitless
Source: RI