Al Gore: we're at or near peak oil

energybulletin.net -> transcripts.cnn.com :

Larry King: Gas prices going to go down?

Al Gore: Well, I've seen a number of - over the last several decades I've seen this happen several times, where they spike and then they do come back down. But each time they go to a higher plateau. We almost certainly are at or near what they call peak oil, defined as having recovered a majority of the oil reserves at a certain price, affordability range. And so with the new pressure on the consumption side from China and India, if they come back down, they won't stay down long.

(2006-06-14 22:35:28 SGT) [Energy] Permalink

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