06 Aug '12, 2pm

Drumbeat: August 6, 2012

Drumbeat: August 6, 2012

Posted by Leanan on August 6, 2012 - 11:03am Mitt Romney in His Own Words: 5 Things the Media Will Not Tell You About Willard Mitt Romney Mitt Romney Believes in Peak Oil, and Government Intervention in Energy Markets: “Many analysts predict that the world’s production of oil will peak in the next ten to twenty years, but oil expert Matt Simmons, author of Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy , presents a compelling case that Middle Eastern oil production may have already reached its peak. Simmons bases his contention on his investigation into the highly secretive matter of the level of reserves in the Saudi oil fields. But whether the peak is already past or will be reached within a few years, world oil supply will decline at some point, and no one predicts a corresponding decline in demand. If we want America to remain strong and wish ...

Full article: http://www.theoildrum.com/node/9390

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