Thursday, August 30, 2007

Black Gold Booster

Yet another letter from the Mouseherder to Newsweek:


Thank you for publishing Fareed Zakaria's interview with National Petroleum Council chairman Lee Raymond. I say this for two reasons.

First, it is enlightening to know that the man who killed the alternative energy program at Exxon is also chair of President Bush's Alternative Energy Committee. No wonder this administration has made such poor progress on the topic of energy independence and alternative fuels for this nation.

Second, I want to point out the extremely self-serving industry position highlighted by Mr. Raymond's comments and the report of his council when contrasted against the independent (and less rosy) July 2007 assessment of The International Energy Agency's (IEA) titled: /Medium-Term Oil Market Report.

My only wish is that Zakaria had done more research on this subject before the interview and confronted Mr. Raymond with the true state of energy production, use and in-ground resources left in the world.

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