>PEAK OIL & CLIMATE CHANGE

Washington“We are all extraordinary skepticalof the "peak oil" stuff. We know of no reliable information that suggests that we're going to be running significantly short of any fossil fuel in this century…It certainly won't happen with any significant price on carbon.”

“We've done a few 300-year scenarios that have some shortages in them, but even that may not be realistic. This is especially so with coal!”

“The Chinese say they have enough coal for centuries…”

The price of oil has increased almost continuously since 1999.

If oil gets too high the economy becomes unstuck
If oil gets too low new investment is halted

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