Thursday, June 11, 2009

what a difference two years make.....,

Energy Bulletin | 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. "

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.

Here are some articles from two years ago when CERA was still in vehement denial.

Why the "Peak Oil" Theory Falls Down - Myths, Legends, and the Future of Oil Resources

Peak Oil Theory Could Distort Energy Policy and Debate

There is No Evidence of A Peak in the Next 10-15 Years