08 June 2004

Break out the bicycles

What a great article! I think I've discovered that I'm a Monbiot-ite: there's stuff in this article that I have been saying. And then there's stuff that puts recent oil price rises in perspective, like this para:
the age of cheap oil is over. If you doubt this, take a look at the BBC's online report yesterday of a conference run by the Association for the Study of Peak Oil. The reporter spoke to the chief economist of the International Energy Agency, Fatih Birol. "In public, Mr Birol denied that supply would not be able to meet rising demand ... But after his speech he seemed to change his tune: 'For the time being there is no spare capacity. But we expect demand to increase by the fourth quarter by 3m barrels a day. If Saudi does not increase supply by 3m barrels a day by the end of the year we will face, how can I say this, it will be very difficult. We will have difficult times.'" The reporter asked him whether such a growth in supply was possible, or simply wishful thinking. "'You are from the press?' Birol replied. 'This is not for the press.'" So the BBC asked the other delegates what they thought of the prospects of a 30% increase in Saudi production. "The answers were unambiguous: 'absolutely out of the question'; 'completely impossible'; and '3m barrels - never, not even 300,000'. One delegate laughed so hard he had to support himself on a table." And this was before they heard that two BBC journalists had been gunned down in Riyadh.

Me; I'm wondering how to buy land in the Sahara because when north west Europe becomes iced up then the Sahara will revert to savannah. Start saving for your plot of land in Mali or Chad and for the necessary solar panels to run your home ...

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