Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (9226)	6/10/2009 12:30:07 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 24225

Another pyrric victory for da Rat. CERA official acknowledges “peak oil is here” by Staff Speaking at the Center for Strategic & International Studies (CSIS) in Washington DC on 8 June, CERA Global Oil Group Managing Director Jim Burkhard began and ended his talk by stating that “CERA acknowledges that peak oil is here, you heard it from a CERA person.” Mr. Burkhard spoke at a CSIS session on “Transforming the Transportation Sector: Energy Security, Climate Change and Transportation”. During his presentation, Mr. Burkhard explained that in acknowledging that peak oil is here, CERA’s interpretation is that US gasoline demand peaked in 2008 and is expected to decline in future years. He also stated that CERA maintains its position that the reasons for US liquid fuel demand having peaked are economic and geopolitical in their nature, rather than in any way driven by geologic factors. ASPO-USA Advisory Board member Scott Pugh was present and provided this report. Mr. Burkhard’s presentation should be available soon under “Events” at: csis.org ~~~~~~~~~~~~~~~ Editorial Notes ~~~~~~~~~~~~~~~~~~~ CERA has been a leading voice among peak oil skeptics. Even though they claim the reason for peak oil is economic/political rather than geological, this is a significant admission. Cambridge Energy Research Associates (CERA) "is a leading advisor to international energy companies, governments, financial institutions, and technology providers. IHS CERA delivers critical knowledge and independent analysis on energy markets, geopolitics, industry trends, and strategy. " -BA ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ energybulletin.net