Obama and Merkel switched to renewable and conservation. Whom or who is right?
http://www.salon.com/tech/htww/2009/11/04/obamas_year_of_energy_progress/index.html
Wednesday, Nov 4, 2009 09:21 PST
Peak oil? Don’t worry — Obama’s on the job
Energy efficiency gains could slake the world’s oil thirst. Thanks, in no small part, to the current administration
What if, as a result of efforts to fight climate change and boost energy efficiency, global oil demand peaked in the foreseeable future? You could argue that such an achievement would be one of the most historic accomplishments of human civilization to date, proof, indeed, that we are civilized. It’s a task that will require lots of hard work all over the globe, but based just on the actions taken by President Obama in his first year of office, in the United States, we have made real progress toward that goal.
The International Energy Agency, reports Spencer Swartz in the Wall Street Journal, is predicting that even if China and India continue to consume ever more oil, overall, the world’s appetite for crude is slowing down.
The IEA, which advises rich nations, such as the U.S., on energy matters, is set to use its closely watched annual World Energy Outlook report to forecast that improved energy-efficiency measures in developed nations, as well as climate-change legislation, will help to slow the rate of global oil consumption.
Swartz reports that Deutsche Bank is bold enough to predict that “global demand will peak by 2016 … due to efficiency gains and technology improvements in electric vehicles.”
This kind of thing doesn’t happen by accident. Yesterday Energy Secretary Steven Chu announced $38 million worth of grants to Alaska, Kansas, Utah and West Virginia to “support energy efficiency and conservation activities.”
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