A Nixonian realists about Peak Oil
http://www.nixoncenter.org/Program%20Briefs/PB2005/Vol11no12GlobalEnergyMarkets.pdf
PFC Energy: Global energy markets - worse than you may think
J. Robinson West (interview), Program Brief/The Nixon Center (35-KB PDF)
Speaking at a briefing on global energy markets organized by The National Interest, a leading authority on international energy issues warned that the United States could face an acute energy crisis-including supply disruptions and price increases to $70 per barrel for oil and $2.80 or more per gallon for gasoline-in the next few years.
J. Robinson West, founder and chairman of PFC Energy, one of Washington?s most influential international energy consulting firms, is a former Assistant Secretary of the Interior in the Reagan Administration and a member of the advisory council of The National Interest. Former National Security Advisor Brent Scowcroft moderated the discussion at The Nixon Center.
Using his essay ?The Future of Russian Energy? (in the Summer 2005 issue of The National Interest) as a departure point, Mr. West noted that after 9/11, many were predicting that, to reduce dependence on Saudi Arabia, the United States should increase its reliance on Russia as an alternative source of supply. ?I am here to tell you,? he declared, ?that Russia is not the key to America?s energy future.? The energy sector is being mismanaged in Russia, he observed, and there is no competent bureaucracy to oversee operations.
...In the end, West said, the real problem is that the Bush Administration is not paying enough attention to energy security.
...West predicted that 2015 could be the tipping point where global demand for oil exceeds supply and urged all the serious stakeholders in the United States to sit down and assess the situation. The current American lifestyle-based on the spread of suburbs and exurbs-depends on cheap credit, cheap land, cheap energy and the Federal Highway Act to build roads. It is not the SUV, West said, but Wal-Mart which is the symbol of this way of life-and Wal-Mart?s earnings are starting to decline. In West?s view, the reliance on cars as a way of life has prevented the elasticity of demand that the current oil price surge should have produced: automobiles are no longer a luxury or just the way people get to work, but an integral and unavoidable part of people?s lives. As a result, an energy crisis will be a ?big deal? politically-the suburbs and exurbs are the heart of Red America, and if gasoline prices top $3 per gallon, Social Security will pale in comparison.
(28 June 2005)
The submitter accurately labeled this article: "What Nixonian realists discuss about peak oil."
PFC Energy: Global energy markets - worse than you may think
J. Robinson West (interview), Program Brief/The Nixon Center (35-KB PDF)
Speaking at a briefing on global energy markets organized by The National Interest, a leading authority on international energy issues warned that the United States could face an acute energy crisis-including supply disruptions and price increases to $70 per barrel for oil and $2.80 or more per gallon for gasoline-in the next few years.
J. Robinson West, founder and chairman of PFC Energy, one of Washington?s most influential international energy consulting firms, is a former Assistant Secretary of the Interior in the Reagan Administration and a member of the advisory council of The National Interest. Former National Security Advisor Brent Scowcroft moderated the discussion at The Nixon Center.
Using his essay ?The Future of Russian Energy? (in the Summer 2005 issue of The National Interest) as a departure point, Mr. West noted that after 9/11, many were predicting that, to reduce dependence on Saudi Arabia, the United States should increase its reliance on Russia as an alternative source of supply. ?I am here to tell you,? he declared, ?that Russia is not the key to America?s energy future.? The energy sector is being mismanaged in Russia, he observed, and there is no competent bureaucracy to oversee operations.
...In the end, West said, the real problem is that the Bush Administration is not paying enough attention to energy security.
...West predicted that 2015 could be the tipping point where global demand for oil exceeds supply and urged all the serious stakeholders in the United States to sit down and assess the situation. The current American lifestyle-based on the spread of suburbs and exurbs-depends on cheap credit, cheap land, cheap energy and the Federal Highway Act to build roads. It is not the SUV, West said, but Wal-Mart which is the symbol of this way of life-and Wal-Mart?s earnings are starting to decline. In West?s view, the reliance on cars as a way of life has prevented the elasticity of demand that the current oil price surge should have produced: automobiles are no longer a luxury or just the way people get to work, but an integral and unavoidable part of people?s lives. As a result, an energy crisis will be a ?big deal? politically-the suburbs and exurbs are the heart of Red America, and if gasoline prices top $3 per gallon, Social Security will pale in comparison.
(28 June 2005)
The submitter accurately labeled this article: "What Nixonian realists discuss about peak oil."
posted by Marcel at 2:43 PM
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