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Re: SC59

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January 18, 2008 10:52AM
http://www.groovygreen.com/groove/?p=2473

President’s Comment Hints At Peak Oil

In a recent interview with ABC News, George W. Bush was asked about getting tougher with Saudi Arabia about the high price of oil. Our President said the following,

If they don’t have a lot of additional oil to put on the market, it is hard to ask somebody to do something they may not be able to do.

Perhaps my added emphasis will help you understand the magnitude of this statement. The sitting president of the United States of America, who recently admitted, “America is addicted to oil,” made a comment, after meeting with King Abdullha, that Saudi Arabia might not be able to raise oil production. Of course there are people, knowledge people who have been saying this for at least a few years, but here is our president saying it in an interview with a major news network. This must have thrown his handlers into an uproar. No doubt this points to an exciting year, because in terms of oil production as Saudi Arabia goes, so goes the world.
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