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  • From: Tompkins County Relocalization Project <tcrp-news AT lists.ibiblio.org>
  • To: tcrp-news AT lists.ibiblio.org
  • Subject: [tcrp-news] GAO releases peak oil study
  • Date: Thu, 29 Mar 2007 22:07:19 -0400

A long-awaited official U.S. government study on peak oil was
released today. Lead paragraphs from the Associated Press article:

Report: Gov't Needs Plan for Oil Peak
By ALAN ZIBEL 03.29.07, 6:19 PM ET

The U.S. government is in need of a strategy to minimize
potentially dire economic consequences after worldwide oil
production peaks and begins to decline, the investigative arm
of Congress said Thursday.

Though experts disagree about when daily oil output will reach
its maximum level - or whether they have done so already - the
Government Accountability Office said in a report that most
studies have found oil production will reach a peak sometime
between now and 2040.

The report warns that, as the world's largest oil consumer, the
U.S. is vulnerable to significant economic troubles, brought
about by rising prices, if a peak arrives and no technology
exists to replace petroleum-based transportation fuels.

Summary, links to the report, etc. are at Energy Bulletin:

http://energybulletin.net/27919.html

This is a pretty big deal.

Jon







  • [tcrp-news] GAO releases peak oil study, Tompkins County Relocalization Project, 03/29/2007

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