IEA official warns of shrinking oil supplies: report
LONDON (AFP) – A disastrous energy crunch is looming because most of the major oil fields in the world have passed their peak production, a leading economist warned Monday.
Fatih Birol, chief economist with Paris-based International Energy Agency, said such an “oil crunch” within the next five years could jeopardise recovery from the global recession.
Hey! Here’s an idea: Let’s invest in “clean-burning” natural gas and call it a “bridge fuel!” If we drill everything up really quick like people won’t notice all the pollution and we can make $$$ trillions in profit by retrofitting all the cars and buses to run on N. G-A-S then we can run the price up real high and…MAN! Natural gas is the New Oil!
Oh and…we need to buy up all the water rights because after we pollute the hell out of the water the suckers will have to buy it from us!
MAN! Corporations rock!