Tuesday, February 05, 2008

What a difference a year makes!

Back in January 2007, Peter posted an interesting piece on an interview with three big cheeses at Davos. Having heard the piece, and commented accordingly, about the facile answers given, I remembered a quote from Shell's big cheese, Jeroen van der Veer, who, responding to a pertinent question from John Humphrys about the possibility of peak oil, said, “In 20 years time we’ll use more oil and gas than we do today”.

Well, according to this report from ThisIsScotland, van der Veer appears to have changed his mind somewhat.

"In an e-letter to staff that must surely be splattered right across the Big Oil community by now, and be doing the rounds of NOCs (national oil corporations), Shell's CEO basically says that conventional oil output will peak in seven years - oh, and gas shortages are on the way, too."

Now that's what I call an about face! And if the CEO of Shell is now admitting that the planet is going to have an energy problem (due to the lack of petroleum resources and natural gas) sooner rather than later, then it looks as if the human race's need to get into renewable technologies is going to be even more urgent than any of us ever realised.

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