I appeared on the Financial Sense with Jim Pupalava program this week, to discuss a new report from Shell outlining two approaches to the unfolding peak oil  crisis: a “Scramble” scenario and a “Blueprints” scenario. We also talked about the Wikileaks ‘revelations’ about Saudi oil reserves; ExxonMobil’s admission that it’s having trouble replacing its reserves; the challenges of energy transition; the abysmal predictive record of CERA; and the general progress of the oil industry, elected officials, and the public in coming to grips with our energy reality, as it appears we have entered what I call a “confession” phase.

You can download the show here: RealPlayer | WinAmp|  Windows Media| MP3

My segment (24 mins) is first.

Recommended related reading:

The Coming Misery that Big Oil Discusses Behind Closed Doors – Steve LeVine, Foreign Policy

The IEA’s Come-to-Jesus Moment – My commentary on IEA’s modeling from July 2007