Peak Oil Crisis OFFICIALLY confirmed by Mr. Bush

Image by hrtmnstrfr via Flickr

Greek translation: μετάφραση ΕΔΩ.

A couple of days ago, president Bush has officially confirmed that Peak Oil is REAL.

• Well, President Bush is an honest man; a man of God: He recently admitted authorizing torture (see the related post -here).
  

• Now, Mr. Bush admits that PeakOil is REAL!

Till now, those people who warned about the immanent Oil crisis were being dismissed as conspiracy theorists, or (at least) as unrealistic pessimists. It now appears that the situation is as bad as predicted by pessimists like Jim Kunstler.

Here is the original news article:

• Peak oil at Bush press conference (EnergyBulletin.net)

Most Important Quotes from George Bush, April 29, 2008:

…One of the main reasons for high gas prices is that global oil production is not keeping up with growing demand.

…I think we better understand that there’s not a lot of excess capacity in this world right now.

…demand is rising faster than supply. And that’s why you’re seeing global energy prices rise.

…But there is no magic wand to wave right now….

Gasoline ration coupons, printed for emergency use, but never issued

Related articles

• United States - Apr 29 [EnergyBulletin.net - Peak Oil News]
• Junk Economics Wrong on Oil [via Zemanta]
• Raymond J. Learsy: The New York Times’ Hidden Hand On Oil’s Agenda [via Zemanta]
• Jeremy Leg