I appeared on the Financial Sense with Jim Pupalava program today to discuss the shifting of oil supply and demand to the developing world and the diminishing influence of the international oil companies; the “energy suicide” of shutting down offshore oil drilling; the long-term production losses due to deepwater drilling rigs leaving the Gulf of Mexico; the slim hopes of new production from tar sands, Saudi Arabia and Iraq; and the urgent need to begin energy transition.

You can download the show (1 hour) here:

RealPlayer WinAmp Windows Media MP3

My segment begins at 47:04.

Energy analyst Chris Nelder sees a chance to get energy policy right in the death of the cap and trade bill. It’s time to put carbon legislation aside and focus on energy transition.
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