The head of Saudi Aramco, the petroleum company said Thursday 'peak oil' was a fear of the past.
'The whole issue that came to the surface and created a lot of concern, peak oil, is behind us, I hope,' Khalid al-Falih, the head of Saudi Aramco, said at the World Economic Forum in Davos.
Fears raised in the lead up to the peak price of around 150 dollars a barrel in mid-2008, 'contributed to volatility and rise in prices.'
He saw energy consumption worldwide doubling by 2050, with 'fossil fuels, in general, still providing (the) predominate share of that energy in that time frame.'
He is 10000000% correct:
- THE PEAK OIL PROPAGANDA IS ONE REASON THAT OIL WENT TO $150/BARREL.
- AND $150/BARREL OIL IS ONE REASON WE HAD AN ECONOMIC MELTDOWN.
- THE LEFT AND THE GREENIES WERE BEHIND PEAK OIL.
THEIR PROPAGANDIZING ON PEAK OIL ALONG WITH THEIR DECADES LONG PUSH FOR FEDERAL LAWS MANDATING THAT BANKS MAKE BAD MORTGAGE LOANS TO PEOPLE WITH BAD CREDIT WERE THE TWO BIGGEST REASON FOR THE ECONOMIC MELTDOWN.
THAT'S ANOTHER REASON WHY, TO ACHIEVE STABLE GROWTH, WE NEED TO ERADICATE LEFTISTS AND GREENIES.
THAT MEANS DEFEATING OBAMA AND THE DEMOCRATS THIS NOVEMBER!
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