Heads up people. Serious questions are now being asked and they need to be answered..
http://www.energybulletin.net/11870.htmlSecretary of Energy Samuel Bodman has asked THE question. Will we have enough oil and natural gas to keep our economy going? In a letter to Lee Raymond, Chairman of the National Petroleum Council (NPC), Bodman has asked the Council to predict the future:
1. "What does the future hold for global oil and natural gas supply?"
2. "Can incremental oil and natural gas supply be brought on line, on time, and at a reasonable price to meet future demand without jeopardizing economic growth?"
3. "What oil and gas supply strategies and /or demand-side strategies does NPC recommend the U. S. pursue to ensure greater economic stability and prosperity?"
Energy Secretary Bodman's letter describes several key issues:
"Perspectives vary widely on the ability of supply to keep pace with growing world demand for oil and natural gas, the point in time at which global oil production will plateau and then begin to decline ("peak oil"), the implications these may have for the U. S. and world economy, and what steps should be taken to achieve more positive outcomes."