Author: aspo-usa

Last week we and other representatives of the Association for the Study of Peak Oil & Gas USA (ASPO-USA) stood on the steps of the U.S. Department of Energy (DOE) to call for “Truth in Energy” concerning one of the most serious threats to our economy, national security, and environment: the prospect of an impending decline in world oil supply. The consequences of this milestone are far-reaching and potentially catastrophic. After a news conference at DOE, we delivered a letter to Energy Secretary Steven Chu summarizing our concerns and requesting answers to specific questions about DOE’s response to this monumental challenge.

By itself, the concept of having to get by on just a little bit less oil each year seems to be manageable enough. Some think that a steadily, or even sharply, rising price will merely reduce demand and promote exploration and that everything will more or less normally work itself out through well understood market mechanisms. Perhaps it will, but I think the odds are stacked against a smooth transition to a future of less net energy.