When first assuming office in early 2001, President George W. Bush’s top foreign policy priority was not to prevent terrorism or to curb the spread of weapons of mass destruction. Rather, it was to increase the flow of petroleum from suppliers abroad to US markets. In the months before he became president, the United States had experienced severe oil and natural gas shortages in many parts of the country, along with periodic electrical power blackouts in California. In addition, oil imports rose to more than 50% of total consumption for the first time in history, provoking great anxiety about the security of the country’s long-term energy supply. Bush asserted that addressing the nation’s “energy crisis” was his most important task as president.

interesting analysis that links hubberts peak with the carter doctrine.
2007-03-08: Exxon on Peak Oil. Evasive. hmm

Bartiromo … asked Tillerson how Exxon could be expected to keep growing its reserves of oil and gas when $20B a year in capital spending through the rest of this decade will only result in an extra 1M barrels a day in production volume, according to Exxon’s estimates. Tillerson didn’t really answer the question, merely repeating his assertion that Exxon’s volumes will keep growing through the end of the decade. In a later exchange, he added that the world’s oil would not run out in his lifetime.

2018-10-16: OPEC accelerating peak oil? That would be a great way to accelerate the move towards a post-oil society. And of course, make domestic oil even more competitive. Checkmate

While analysts doubt Riyadh would go as far as an energy embargo now, the government has used oil resources to exert political pressure before. During the 19 70s, a Saudi-led coalition slashed oil exports to the US in protest of Washington’s support of Israel in the Yom Kippur War. “We cannot entirely rule out that the leadership would dust off the 1973 playbook if the bilateral relationship with Washington deteriorates sharply from here

2020-12-01: Peak oil now

Most analysts had only predicted declining demand for oil in improbably green scenarios that could only be achieved with far stronger global climate policies. What made BP’s 2020 forecast unique is that peak oil now snuck into its business-as-usual baseline. If technologies and pollution rules improve, the dropoff in demand would be even more swift.

Well-researched Article about how the oil majors are being forced to change.

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