Oil Depletion Debate

Because petroleum has been so instrumental in the development of modern societies and because it is also a finite resource that will some day go into decline, supply needs will fall short of demand at some point. The main focus of this blog is on the arguments put forth by the pessimists. I believe geopolitics will play an equal part in causing a supply shortage before an absolute geological peak, governments will limit their oil production levels

House hearing on Oil Supply and Demand

House Energy Cmte. hearing on Oil Supply and Demand (June 11, 2008)
To watch you will need to copy/past the following realvideo link to your address bar
rtsp://video1.c-span.org/project/energy/energy061108_oil.rm

Guy Caruso, chief of the Energy Information Admin., offered a long-term prognosis of the oil supply and demand. The House Energy Cmte. considered whether or not Saudi Arabia can produce 12 million barrels a day as claimed, and if oil production has peaked.
Washington, DC : 2 hr. 25 min.