From Grandpa Dick Cheney:
“…For the world as a whole, oil companies are expected to keep finding and developing enough oil to offset our 71 million-plus barrel a day of oil depletion [today it’s 84 million], but also to meet new demand. By some estimates there will be an average of two percent annual growth in global oil demand over the years ahead along with conservatively a three percent natural decline in production from existing reserves. That means by 2010 we will need on the order of an additional 50 million barrels a day… So where is the oil going to come from? ....
Yikes, he also basically admits that we went into Iraq for oil the second time too.
“… Energy is truly fundamental to the world’s economy. The Gulf War was a reflection of that reality… It is the basic, fundamental building block of the world’s economy…But Ruppert gets scary when he talks about the real government solution. That sounds about exactly how they'd handle it.
We are witnessing government response to Peak Oil now. In my earlier
presentation I have made it clear that that response will include only measures
which protect the financial elites and major corporations.They include:
1. Rationing
2. More Coal and Nuclear – Emphasis on Fisher-Tropsch Coal-to-Liquids
Conversion.3. Suspended Environmental and Drilling Restrictions
4. Protection of Critical Infrastructure
5. Strengthening and Reinforcing Domestic Military
Operations – Suspension of Posse Comitatus6. Suspension and Relaxation of Labor and Minimum Wage Laws.
7. Changing and Tightening the Bankruptcy Laws Allowing Fewer Distressed Consumers to Discharge Debts.
8. Allowing and Facilitating Population Reduction through Famine and Disease.
9. Strengthening and Giving More Power to FEMA. (this Fema)
10. Destroying Demand Through Economic Collapse and Allocating Scarce Resources – by Force if Necessary – to Protect the Interests of the Wealthiest Communities and Interests in the Country.
Sounds about right.
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