Wednesday, June 22, 2005

Bodman: "Easily Accessible Oil" Era Ending

Via Green Car Congress, Energy Secretary Samuel Bodman says the era of easily accessible oil is coming to a close:
We believe that the days of easily accessible oil are coming to a close. That is already the case for the lower 48 in the United States. Increasingly, the global oil demand will have to be met by developing petroleum resources that involve serious technical, and often political, challenges.
Essentially, it's a straight-up admission that we're on or near peak oil production. The challenge, then, is to do something about it, but it certainly puts the lie to so many of the doomsayers who have wrongly claimed (to this day!) that this is some verboten topic.