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I would argue that this is a case of the public's understanding of the situation trailing, by decades, the engineering understanding.

For example, here's a paper from 1997 that says "decline in world oil production rate surely will occur well before the year 2020 and possibly before 2010."
http://hubbert.mines.edu/news/Hatfield_97-4.pdf

Most oil executives have been perfectly well aware of the situation for a long, long time. It's politicians and their public that doesn't have a clue.

by asdf on Sat Nov 10th, 2007 at 10:40:59 AM EST
Most oil executives have been perfectly well aware of the situation for a long, long time. It's politicians and their public that doesn't have a clue.

the pols are the ones guarding the bridge of understanding from the awakening plebs, while the fat cats make a getaway with the loot...

bla bla serious commitment...bla bla...time for action, not words, bla bla,

meanwhile continuing suicidal policies that perpetuate the status quo, till the last drop is squeezed...

ignorance is impotence...

~Government budget deficits are not nearly as dangerous as the deficits we have created in vital and complex natural systems.~ Naomi Klein.

by melo (melometa4(at)gmail.com) on Sat Nov 10th, 2007 at 10:58:50 AM EST
[ Parent ]
At least some politicians are peak oil aware, including the foreign minister of Sweden.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Sat Nov 10th, 2007 at 12:43:18 PM EST
[ Parent ]
Oops, kind of like, if Mobutu was trying to run away from Congo ex-Zaire and found that everywhere was in the same utter shambles that Zaire was in.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Sat Nov 10th, 2007 at 12:57:10 PM EST
[ Parent ]

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