Peak oil: we have oil

The concept of peak oil, which is the point when global oil production has reached the "turning point" of when the world has produced "the most oil it will ever produce in a given year and, after that, yearly production will inexorably decline," is not endorsed by all. In fact, many believe that we have oil in sufficient quantities for some time to come. The Long Emergency, 2005

Another definition of peak oil is that point when demand is greater than production. Having a source of oil "for a long time" is not really the point, if that source cannot be extracted and processed to meet a demand.

"Control energy and you control nations" –-Henry Kissinger

Anti-"Peakers"
Anti-"peakers" are those who do not subscribe to "peak oil" theory, among which are found:


 * M.A. Adelman
 * William Bowles
 * Michael C. Lynch
 * David McGowan
 * Peter R. Odell
 * Walt Contreras Sheasby

We have oil
The following articles, commentaries and documents are in support of the anti-"peak" position.

Abiogenic Oil
Notwithstanding the skepticism of a fairly large concensus of proponents for the theory of biogenic oil, these same proponents have failed to deliver an accounting of the chemical processes for the production of biogenic oil. Yet abiogenic proponents have produced a quite extensive scientific analysis of the chemical processes for their theory, including validation through laboratory testing. Reasonable hypothesis concerning the production of the different types of abiogenic hydrocarbons, the differentiating markers and the presence of biogenic components within them have also been proferred.

Considering the level of skepticism, it's difficult to understand the current research, funding and incentives for deep drilling programs by the U.S. government  and the enormous capitalisation of new equipment for these programs by industry.

Industry has been in the process of building fleets of deep water, deep drilling platforms for quite a few years. Although production in the shallower areas of the Gulf of Mexico are now declining, it is being replaced by deep production from the discovery of new giant fields  having good exploration success rates with prolific production. Exactly what would be expected from the theory of abiogenic oil.

Giant Field Articles

 * Paul Mann and Lisa Gahagan, Institute for Geophysics, University of Texas at Austin; and Mark B. Gordon,  GX Technology, "Tectonic setting of the world's giant oil fields; three parts," World Oil Magazine, September - November 2001.
 * AAPG: Giant Oil and Gas Fields of the Decade: I, AAPG Conference, 2001
 * M.T. Halbouty, Giant Oil and Gas Fields of the Decade 1990-2000: An Introduction, Search and Discovery Article #20005 (2001)

Related Articles

 * Definition: "Abiogenic petroleum origin," Word IQ.com.
 * "The mystery of eugene island 330," July-August 1999.
 * Oliver Morton, "Fuel's Paradise. World-class contrarian Thomas Gold has a theory about life on the planet: It's pumping out of the Earth's crust - and it's swimming in oil," Wired, July 2000.
 * Texas Tribute, "Schlumberger, Shell Join UT in Mapping Undersea Earthquake Zones," University of Texas at Austin, Spring, 2001.
 * Dmitrievsky/Balanyuk/Dongaryan, Institute of Oceanology, Russian Academy of Science "Hydrocarbon Formation in the Subduction Zones of the Thrust Belts," Exhibit presented at AAPG Annual Meeting, May 2003.
 * Lisa M. Pinsker, "Raining hydrocarbons in the Gulf," Geotimes, June 2003.
 * AAPG Report, ''Caribbean Tectonics," AAPG International Meeting Barcelona, Spain, September 21-24, 2003.
 * Jerry Russell, "'Peak Oil'?? Don't buy into the hype!" 911-strike.com, March 12, 2004.
 * Bruce Bartlett, "Discovering oil," Townhall.com, June 10, 2004.
 * Gas Resources Corporation Index: Multiple articles on the science and history of abiogenic oil. Please also see "Generation of methane in the Earth's mantle: In situ high pressure-temperature measurements of carbonate reduction," Proceedings of the National Academy of Sciences, September 20, 2004.
 * "Petroleum under pressure," physicsweb.org, September 24, 2004.
 * Energy Citations Database, Full Text Search: Abiogenic, Sample: Appalachian Basin Exploration, Office of Scientific and Technical Information (OSTI).
 * Andrei Karakin, Chief Scientist, Kola Team on Superdeep Borehole Drilling Project, Russian Scientific Institute of Geological, Geophysical and Geochemical Systems, 1999-11-10, Abstract: "Model of crustal waveguides in the upper crust," Geological Survey of Canada, Logan Club, February 27, 2005.
 * AAPG Research Conference, Abstracts: "Origin of Petroleum," June 18, 2005. Calgary, Alberta, Canada.

Geologic Period Maps

 * Paleoportal.

Oil Company Profits
During periods of competition in the early history of the oil industry, exceptional profits were never had. Such lack of exceptional profitability was the very reason for the development of Rockefeller's monopolistic Standard Oil, many of the descendents of which are our current suppliers. (See Corruption and Antitrust below)

Excessive profits in the oil industry can be especially onerous in that they sap the marginal profits of captive industries. In the 1970's oil price spiral, the transportation industry (airlines/trucking) was the first to be impacted, as it is today, due not only to the direct increase of costs to the industry but due also to the impact on transportation's consumers, driving down gross revenues. These effects eventually trickled down to all aspects of industry, finance and even the entire gross domestic product, while simultaneously introducing inflationary pressures throughout the economic system. The 'flation' in "stagflation". This eventually led to the government establishing the Windfall Profits Tax in an effort to rein in big oil.

ConocoPhillips

 * Market Watch Financials: Up over 400% since 2001.
 * Forbes: 2000 - 2001 Up over 155%.
 * Forbes: 1999 - 2000 Up over 65%.

2003

 * Farhad Manjoo, "Is Halliburton guilty of Iraqi gas gouging? A study released Wednesday by two Democratic congressmen accuses the energy services company of 'highway robbery'," Salon, October 16, 2003.

2004

 * "Global oil supply to rise by 20 mm bpd by 2010," Oil and Gas Journal (Alexander's Gas & Oil Connections), February 11, 2004.
 * Greg Butterfield, "Big Oil guzzles profits as gas prices rise," Workers World, June 3, 2004.

2005

 * Julian Jackson, "How to deceive friends and influence people: Oil crisis lies," Axis of Logic (EnergyBulletin.net), March 13, 2005.
 * "Big Oil Maneuvered While Government Slept," Red Nova (Buffalo News), August 24, 2005.


 * James Ridgeway, "Pumping Us Dry," The Village Voice, September 2, 2005.
 * "High gas prices may cause federal investigation into potential oil industry profiteering," News 8 (Grand Rapids, MI), September 2, 2005.
 * Marshall Helmberger, Washington fiddles as big oil runs roughshod over the country, Timberjay, September 3, 2005.
 * FTCR: "Internal Memos Show Oil Companies Intentionally Limited Refining Capacity to Drive Up Gasoline Prices," US Newswire, September 7, 2005.
 * "Probe Urged of Gasoline-Price Disparity," Red Nova, September 14, 2005. "Attorneys general of more than 40 states have started a joint investigation into price gouging."
 * "Congressional task force to tackle high gas prices," USA Today, September 20, 2005.
 * "Schweitzer demands gas refunds," Billings Gazette, September 20, 2005.
 * "10News Investigates Gas Gouging Politics - Industry Spends Millions On Elected Officials," Channel 10 News, San Diego, September 20, 2005.
 * "House Democrats Announce Legislation to Prevent Gas Price Gouging," US Newswire, September 21, 2005.
 * Tom Doggett, "FTC investigates gasoline prices,", Reuters (Yahoo! News), September 21, 2005.
 * Nico Pitney, "FTC Head Overseeing Gas Gouging Probe Was Chevron Lawyer," Think Progress, September 22, 2005. re Deborah Platt Majoras
 * Justin Blum, "Who profits the most when gas prices rise?" Washington Post (Seattle Times), September 25, 2005.
 * Matt Volz, The Associated Press, Alaska threatens to yank North Slope leases from oil companies, mywesttexas.com, October 5, 2005. Big Oil has been sitting on thousands of acres of leases for nearly thirty years. Industry is not only strong-arming consumers but also state governments.
 * Greg Palast, "OPEC and the Economic Conquest of Iraq", GregPalast.com, October 24, 2005.

2006

 * Greg Palast, "Bush Didn't Bungle Iraq, You Fools", GregPalast.com, March 20, 2006.
 * John W. Schoen, "Further surge in gas prices expected. Wholesale gains are not yet fully reflected in pump prices," MSNBC, April 11, 2006.
 * Steven Mufson and Timothy Dwyer, "Leaders Question Gasoline Prices. Hastert, Frist to Ask Bush for Probe," Washington Post, April 21, 2006.
 * "Bush takes aim at rising gasoline prices. Summer deposits to national oil reserve halted," CNN, April 26, 2006.
 * Jim VandeHei and Steven Mufson, "Bush Calls For Probe Of Rising Gas Prices. President to Also Divert Oil Reserves, Ease Pollution Rules," Washington Post, April 26, 2006.
 * "Big Oil Hits A Gusher. 3 Oil Giants Expected To Report Big Profits This Week," CBS News/Associated Press, April 26, 2006.
 * A.K. Gupta, "Wall Street and Big Oil Profit from Global Turmoil," Z Magazine Online, June 2006.
 * "Big Crimp In Alaska Oil Supply. Nearly 8% Of U.S. Oil Production Shut Down Due To Environmental Concern," Associated Press (CBS News), August 2, 2006.
 * Eduard Gismatullin, "Oil Surges Above $76 as BP Shuts Alaska Field, Largest in U.S.," Bloomberg (EnergyBulletin.net), August 7, 2006.
 * Greg Palast, "Big Oil and the Trillion-Dollar War Bonus", GregPalast.com, August 8, 2006.
 * Mark Shenk, "Oil Falls the Most in Almost 14 Months on Ample Fuel Supplies," Bloomberg, October 3, 2006.
 * "AP analysis: Firms crimping oil supplies," Associated Press, November 25, 2006.
 * Jeff Donn, "Amid crimped supply, oil industry denies price manipulation," Associated Press (Examiner.com), November 25, 2006.


 * Also see Hurricane Katrina: Gas and Oil Shortage.

International Oil & Natural Gas Reserves

 * World Proved Reserves of Oil and Natural Gas, Most Recent Estimates, U.S. Department of Energy, posted July 22, 2005.

Graphs & Maps

 * Oil Production Graphs of 42 Countries, dieoff.org.
 * Inflation Adjusted Monthly. Crude Oil Prices 1946 to Present, inflationdata.com, April 4, 2005.
 * Maps of the Oil Corridor: Iraq/Iran, RumorMillNews.
 * "George W. Bush - Terrorist in the White House. Oil & Empires," nogw.com; maps, charts, and links to current news.

Corruption and Antitrust
Is there not a causal connection between the development of these huge, indomitable trusts and the horrible crimes now under investigation?…Is it not irony to speak of the equality of opportunity in a country cursed with bigness? ~ Justice Louis Brandeis


 * Definition: "Oligopoly,", Word IQ.com.
 * "Antitrust Movement," Houghton Mifflin.
 * "Federal Trade Commission," Houghton Mifflin.
 * Corruption
 * History
 * François Micheloud, "John D. Rockfeller & The Standard Oil Company." A history of early oil industry manipulation. Vertical and horizontal integration are identified as means of non-competition and price control. Rumor-mongering was a tool of industry skullduggery.
 * Phillip Payne, "What Was Teapot Dome?"
 * Lessons from Earlier Masters of Deception, The Robber Barons, Matthew Josephson. Josephson chronicles many of the techniques used by these earlier masters. Pay special attention to the sometimes subtle, oft brazen use of the media to implement their trade in propaganda for capital, especially Mephistopheles.
 * Articles
 * Molly Ivins, "Theocracy, Plutocracy, & Dumb Liberals,", The Texas Observer, May 13, 2005.
 * Katherine Yurica, How Bush Pushed Gasoline Prices Sky High, Yurica Report, 2003
 * FTC Head Overseeing Gas Gouging Probe Was Chevron Lawyer, Think Progress, September 22, 2005
 * Molly Ivins, Let's fix this mess, Working For Change, October 20, 2005. "...government of corporate interests, by corporate interests and for corporate interests".
 * DNC: Americans' Pain at the Pump a Boom for Oil Companies, US Newswire, October 27, 2005.


 * Antitrust
 * History
 * Thomas D. Duchesneau, Competition in the U.S. Energy Industry: A Report to the Energy Policy Project of the Ford Foundation, Ford Foundation, 1975
 * Divestiture. Points up the issues leading to consideration of splitting up the oil industry during the oil price spiral of the 1970's. The issues eerily mirror those of the current price spiral.
 * Dr. Walter Measday, "Divestiture - Competition or Nationalization."
 * Walter S. Measday, Chief Economist, Senate Antitrust & Monopoly Subcommittee, "Feasibility of Petroleum Industry Divestiture."
 * Walter S. Measday, Chief Economist, Senate Antitrust & Monopoly Subcommittee, "The Case for Vertical Divestiture."
 * Articles
 * Russell Mokhiber and Robert Weissman, The Solution to Rising Gas Prices: Antitrust Action, Mother Jones, July 7, 2000.
 * Molly Ivins, "The Invisible Government", The Free Press, March 3, 2002.
 * Big Five gasoline squeeze, Oligopoly Watch, June 12, 2004.
 * To Bring Gas Prices Down, Schumer Demands FTC Block Newly Announced ChevronTexaco-Unocal Merger, Sen. Charles E. Schumer, April 17, 2005. Schumer predicts higher prices due to oil industry concentration.
 * Steven Pearlstein, Oil Merger Needs FTC's Close Scrutiny, Washington Post, April 27, 2005
 * Tim Hamilton, Study Finds Oil Company Profiteering Behind Gasoline Price Spikes, consumerwatchdog.org, September 1, 2005
 * Station Owners Accuse Big Oil Company of Profiting From Impact of Hurricane Katrina, Think Progress, September 9, 2005
 * Ben Cayetano, Without gas-price cap, sky would be the limit, Honolulu Advertiser, September 11, 2005.
 * Public Citizen Director Testifies before Senate on Gas Prices, Public Citizen, September 21, 2005.
 * Oregon Congressman Testifies On Strategies To Reduce Gasoline Price Gouging, Medford News, September 22, 2005
 * Ralph Nader, How to Curb Corporate Power, Agence Global, September 23, 2005
 * Peter Byrne, The Byrne Report, Bogus Mogus, Metroactive, September 28, 2005
 * Washington Needs to Force Exxon Mobil to Invest Profits in New Refining Capacity, Says FTCR, US Newswire, October 27, 1927
 * DNC: Bush Must Stand Up for the American People on Gas Prices, US Newswire, September 26, 2005

Antitrust Related News
 * Mike Sunnucks, Goddard issues warning on gasoline price hikes, Phoenix Business Journal, September 23, 2005
 * Democrats Demand Probe of ExxonMobil and FTC, consumeraffairs.com, September 29, 2005
 * Israeli government approves splitting and privatization of oil refineries, Port2Port, October 10, 2005
 * Aoife White, AP Business Writer, EU warns Europe can't be complacent on oil, Businessweek, October 10, 2005
 * Cynthia Daniels, Suffolk set to take on oil companies, Newsday, October 13, 2005
 * B.J. Reyes, Backers say gas price drop will prove law is working, Honolulu Star-Bulletin, October 13, 2005
 * Maine AG seeks federal oil market probe, Bangor Daily News, October 14, 2005
 * Janis L. Magin, Attorneys general ask FTC to investigate soaring fuel costs, Laconia Citizen, October 14, 2005
 * Bill McConnell and Donna Block, Wyden renews oil merger complaints, TheDeal.com, November 9, 2005. Appearing to be no more than sabre-rattling, the joint Senate committee inquiry into high oil prices did not require the testimony of oil executives to be under oath. Senator Wyden again identifies FTC Commissioner Majoras, a prior Chevron antitrust attorney and recess appointee by President Bush, as a factor in what can be termed the FTC's failure in it's duty to "protect America's consumers".
 * Steve Early, Shell Oil official clarifies remarks to Senate panel, Kansas City Star, December 14, 2005. California’s Senator Boxer seeks to recall oil executives to testify under oath.

Articles & Commentary

 * More research that punches a hole in 'peak oil' theory.

1997

 * Peter Coy and Gary McWilliams, "The New Economics of Oil. With technology dragging down the cost of finding and producing the precious stuff, prices won't rise--even as demand soars," Business Week, November 3, 1997.

1998

 * Michael C. Lynch, "Crying Wolf: Warnings about oil supply," M.I.T., March 1998.

1999

 * Michael C. Lynch, "Farce this Time: Renewed Pessimism about Oil Supply," posted at gasresources.net; published in Geopolitics of Energy, December 1998-January 1999.

2000

 * Peter Odell, "The Global Energy Market in the Long Term: The Continuing Dominance of Affordable Non-Renewable Resources," Kungl Krigs-Vetenskapsakademien, March 16, 2000.
 * Albrecht Frischenschlager, "How Iran Finances Itself. An Analysis," mestrategies.com, December 2000.

2001

 * Future U.S. Highway Energy Use: A Fifty Year Perspective, Prepared for Office of Transportation Technologies, Energy Efficiency and Renewable Energy, U.S Department of Energy, May 3, 2001.
 * "OPEC: No Need To Panic," CBS News, June 4, 2001.
 * Michael C. Lynch, "Closed Coffin: Ending the Debate on 'The End of Cheap Oil'. A commentary," posted at gasresources.net; published September 2001.

2003

 * Bill Kovarik, "The Oil Reserve Fallacy: Proven reserves are not a measure of future supply," Radford University (VA), 2003. [Contact: bill AT environmentalhistory.org].
 * Michael C. Lynch, "Challenges to Upstream Investment," OPEC Review, 2003, vol. 27, issue 3, pages 215-236.
 * Michael C. Lynch, "Coping with Oil Price Volatility: Welcome to the Roller Coaster," Prague IAEE, June 6, 2003.
 * Bill Gallagher, "No Saddam, No WMD, Plenty of Oil; Iraqis Angered by U.S. Governance," Niagara Falls Reporter, July 1, 2003.
 * William Bowles, "The Energy 'Crisis': Futurology without a future?" ''williambowles.info, September 17, 2003.
 * Peter Baker, "Plenty of Oil, Not Enough Pipe. Russia Considers Big Projects To Increase Exports to U.S.," Washington Post, October 24, 2003.
 * "Chad: Plenty of Oil to Export, But No Electricity," Integrated Regional Information Network (posted at Global Policy), October 28, 2003.
 * John Berthelsen, "World Bank backs Caspian pipeline," Asia Times, November 6, 2003.
 * Walt Contreras Sheasby, "The Coming Panic over the End of Oil - Coming to a Ballot Box Near You," The Center for an Informed America, December 4, 2003. Provides substantive overview on Matthew R. Simmons (erroneously identified as Matthew 'E.' Simmons) and connections to the Bush administration.
 * George Monbiot, "Bottom of the barrel. The world is running out of oil - so why do politicians refuse to talk about it?," Guardian/UK, December 2, 2003.
 * Walt Contreras Sheasby, "The Coming Panic over the End of Oil - Coming to a Ballot Box Near You," Scoop (Center for an Informed America), December 4, 2003.
 * Pepe Escobar, "Pipelineistan revisited," Asia Times, December 24, 2003.

2004

 * Michael C. Lynch, "Scientific (and Unscientific) Petroleum Supply Forecasting," Offshore Technology Conference 2004.
 * Michael C. Lynch, "... And the Boy Cried Wolf: Hubbert, Disciples and Error in Oil Supply Forecasting," Society of Petroleum Engineers 2004.
 * Jim Landers, "Saudis Insist They Have Plenty of Oil," Knight Ridder, February 25, 2004.
 * M.A. Adelman, "The Real Oil Problem," Regulation (posted at Cato Institute website), Spring 2004.
 * "Evidence Shows Shell to Demolish Profitable Refinery, Drive Up Gas Prices; Consumer Group Seeks Intervention of Bush, Kerry, CA Attorney General," US Newswire, April 6, 2004.
 * Ray Tyson, "Deepwater promise. MMS: Another 56 billion barrels yet to be discovered in deepwater Gulf," Petroleum News, May 16, 2004.
 * Bill Jamieson, "Doomsters are wrong - there's plenty of oil," The Scotsman, May 21, 2004.
 * James Reynolds, "Fears of dwindling oil supply unfounded," The Scotsman, May 21, 2004.
 * Chris Bennett, "Sustainable Oil?" WorldNetDaily.com, May 25, 2004.
 * Michael C. Lynch, "The New Pessimism about Petroleum Resources: Debunking the Hubbert Model (and Hubbert Modelers)," gasresources.net, July 2004.
 * Sam Koritz, "The Oilman's Revenge," antiwar.com blog, July 16, 2004.
 * "OPEC president: Plenty of oil in market," USA Today, September 7, 2004.
 * David McGowan, "Beware the 'Peak Oil' Agenda," The Center for an Informed America, October 12, 2004.
 * Michael C. Lynch, "Where Is the Oil Shortage? The Anti-Hubbert View," American Petroleum Institute, Delta Chapter, November 2004.
 * William Bowles, "The truth about 'Peak Oil'. The future revisited from a past that never happened," williambowles.info, December 6, 2004.
 * William Bowles, "Well Oiled," williambowles.info, December 13, 2004.

2005

 * Charles Featherstone, "The Myth of 'Peak Oil'," Ludwig von Mises Institute, January 12, 2005.
 * Peter Huber and Mark Mills, "Oil, Oil Everywhere ... Why is it expensive? Because it's so cheap," Opinion Journal, January 30, 2005.
 * "Kenneth Deffeyes and Peter R. Odell on Counterpoint," Global Public Media.com, February 14, 2005: "In Brief: OPEC can no longer control the price of oil. So the good news is OPEC is not in charge of oil…the bad news is nobody’s in charge of the price of oil."
 * Alan Caruba, "Thwarting America's Energy Needs," CapMag.com, February 17, 2005: "Summary: The world has plenty of oil, enough says the US Geological Survey to last for at least the next several hundred years or longer."
 * Michael C. Lynch, "Petroleum and Sustainability: Problem or Solution," Business Sustainability Conference, Tuck School of Business (Dartmouth), February 25, 2005.
 * Robert Cooke, "Oil Fields Are Refilling... Naturally - Sometimes Rapidly. There Are More Oil Seeps Than All The Tankers On Earth," Newsday (Rense.com), April 10, 2005.
 * David McGowan, "Popularization of 'Peak Oil' comes from Club of Rome!; Ruppert's heroes disown oil stance," IndyMedia, March 14, 2005. Also see Newsletter #64: "Whoa, Dude! Are We Peaking Yet?" Center for an Informed America, August 17, 2004.
 * Steve Verdon, "The Hubbert Curve," steveverdon.com, May 9, 2004: "Oil production will undoubtedly peak. When will it peak is another matter entirely. Given the Hubbert curves complete inability to factor in politicial and economic effects, I don't think it should be considered a reliable model in predicting the peak."
 * Michael C. Lynch, "Unconventional Oil: Filling in the Gap or Flooding the Market?" Department of Energy NEMS, April 12, 2005.
 * "OPEC Executive Says Plenty of Oil to Go Round," HispanicBusiness.com, May 10, 2005.
 * Shawkat al-Bayati, "Iraq Has Plenty of Oil But No Gasoline," Environment News Service, May 12, 2005.
 * "Plenty of oil to go round, Saudi Arabia insists," Yahoo! Finance (Singapore), May 18, 2005.
 * Pepe Escobar, "Pipelineistan's biggest game begins," Asia Times, May 26, 2005.
 * "US Spending Bill Opens Miss Nat'l Park to Drilling," Petroleum News, May 31, 2005.
 * Daniel Yergin, It's Not the End of the Oil Age, Cambridge Energy Research Associates, July 31, 2005.
 * Martin Schram, "Big Oil's obscene profits," The Cincinnati Post, August 4, 2005.
 * "Oil keeps breaking records. Prices climbs as some oil platforms evacuated in Gulf of Mexico; news adds to supply fears," Reuters (CNN), August 25, 2005.
 * Sterling D. Allan, "Gouging in the Name of Peak Oil," Open Source Energy Network, August 26, 2005.
 * Jamie Court, Supply-side regulation needed for the US oil industry, Foundation for Taxpayer and Consumer Rights (FTCR), September 20, 2005
 * Chris Giles and Andrew Balls, Oil rise sparks concern at IMF, Financial Times, September 25, 2005
 * DNC: Bush Must Stand Up for the American People on Gas Prices, US Newswire, September 26, 2005
 * Carola Hoyos, Project delays 'drive up price' of oil, Financial Times, September 26, 2005
 * Christopher Swann and Andrew Balls, G7 warns on fuel subsidies, Financial Times, September 26, 2005
 * Saeed Shah, "Billions or trillions of barrels more, say Saudi Oil Minister, Exxon", Energy Bulletin, September 28, 2005. Sceptics are led by US banker Matthew Simmons, the author of Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy. He is vested as the founder of Simmons and Company International, an "energy investment banking firm" and also "an energy advisor to President Bush". It appears other mouthpieces for peak oil are environmental groups, a beloved but often uninformed vector of oil industry propaganda. Perhaps we should ask Dr. Kenneth Deffeyes, author of Beyond Oil: The View From Hubbert's Peak and who appears to advocate other vestments than peak oil, what's going on.
 * World oil output to continue rising, Business Times, October 12, 2005.
 * Campaign for America's Future Urges Senators to Act in the Interest of Consumers, Not Oil Companies, U.S. Newswire, November 9, 2005.
 * Maria Hinojosa, "No Gas", PBS Now, November 11, 2005.

Related SourceWatch Resources

 * China-Iran-Russia axis (See section on "Pipelineistan.")
 * Federal Trade Commission, also see Deborah Platt Majoras
 * Gasoline for America's Security Act of 2005
 * government-industry revolving door
 * Hurricane Katrina Price Gouging Probe
 * oil industry
 * OPEC
 * peak oil: books
 * peak oil: websites
 * sovereignty over natural resources