The Oil Drum: Australia/New Zealand

I think it is very encouraging that CEO's of large IOC's are coming forward to acknowledge PO. I hope that sooner, rather than later, this will help to raise public awareness, which in turn might motivate our political leaders to tackle this serious issue. There are too many discouraging crisis unfolding at an ever increasing rate and I can only hope we find a way to deal with them. Thinking that it is "too late" achieves nothing, even if it is true.

As to jjauregui's comment that "we all need to let go of the Global Warming boogy-man. It does not matter, and it is foolish and arrogant to think that somehow humans can change the climate", I find this remark extremely misinformed and simply wrong. Humans are changing the climate. This is no longer in dispute within the scientific community. And although we should all be very concerned over PO, climate stability must be our priority even as we seek to mitigate this crisis. After all, what is worse, losing our energy intensive way of life or losing the integrity of our biosphere (read - losing our lives). While PO should reduce CO2 emissions - most climate scientists agree that we have perhaps less than a decade to act in significantly reducing GHG emissions if we are to avoid climate catastrophe - I'm afraid that as oil declines we will use more and more coal to compensate. This would be disasterous and I hope we as citizens demand that our leaders instead focus on renewable energy and sustainable living to meet the challenges PO presents.