Question from Mrs

In 2005, the Department of Energy (USA), released a report which it commissioned, now widely known as "The Hirsch Report." It says (I quote):-

"The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and, without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking."

So David, the very obvious question is, when will Queensland's "Courier Mail" be giving this official USA Government report the very obvious prominence it deserves? Or is the imminent peaking (then inevitable decline), of global oil extraction not "News"? Here's three links that may jog your recollection:-

Further, on March 28th 2006, ex-USA President Bill Clinton made these remarks at "The London Business School":-

"We may be at a point of peak oil production. You may see $100 a barrel oil in the next two or three years."

Further still, in June 2005, multi-millionaire USA energy banker Matt Simmons (former Bush energy advisor & Republican), published this groundbreaking book on the imminent decline of the Saudi oil fields:-

"In order to educate Congress and the public about the inevitable crisis we face regarding our future oil supply I have teamed with Congressman Roscoe Bartlett, R-MD, to establish the bipartisan House Peak Oil Caucus.

The theory of Peak Oil states that, like any finite resource, oil will reach a peak in production after which supply will steadily and sharply decrease. In 1956, Shell Oil geologist M. King Hubbert predicted that oil production in the contiguous United States would peak in about 1970 and be followed by a sharp decline. At the time, many dismissed his predictions as false, but history shows they were remarkably accurate. A growing number of geologists, economists and politicians now agree that the peak in the world's oil production is imminent; predicted to occur within one or two decades. Some disagree with this prediction, calling it a doomsday scenario and say that technological advances will buy us more time before we reach peak production. Theirs, however, is not the consensus view and even they agree that a peak in the world's oil production is inevitable."

Link here:-

http://www.tomudall.house.gov/display2.cfm?id=11447&type=Iss

David, is there any rational reason why that's not "News" in "The Courier Mail"?

Further, the one thing that may stand between my kids (and everyone else's children), getting caught up in a global conflagration over diminishing global oil supplies is "The Rimini Protocol" - yet not one breath of it in your publication . . . Why is that? It's hardly trivial, as the title shouts from the roof tops:-

THE RIMINI PROTOCOL
an
Oil Depletion Protocol

Heading Off Economic Chaos and Political Conflict
During the Second Half of the Age of Oil

Link here:-

http://www.peakoil.ie/protocol

And as University of California Professor Richard Heinberg says, it's the only answer to this CRUCIAL question:-

How to avoid oil wars, terrorism, and economic collapse

Something we'd all like to know . . . .

So David, I look forward to your answers to the above. Should be interesting.

All the best, Kim