[Once supply begins to dwindle, the years to follow will see shortages that at best will cause] global recession, possibly worse than the 1930s Great Depression, ... war, famine, pestilence and death. |
Exxon is saying the last year when we found more oil than we burned was 1987. So, the handwriting is on the wall that we are not finding it. |
Had we listened to Jimmy Carter, 20 years ago, and taken his advice and started working on conservation, working on alternatives, we'd be in great shape right now. We didn't listen. |
I come out with the strong conclusion that the oil fields we have already found contain 94 percent of all the oil we are ever going to find. |
The Impending Oil Shortage: A Crisis in Public Policy. |
The least-bad scenario is a hard landing, global recession worse than the 1930s. The worst-case borrows from the Four Horsemen of the Apocalypse: war, famine, pestilence and death. |
The regime right now with China and India increasing demand and the world's supply of oil not growing -- it's going to be very sensitive for a while to supply and demand, ... The consequences are worldwide. |
This is an historic occasion. We have a conservative congressman, a radical social thinker and an investment banker all with the same message. |