What they believe!

...They believe it is much better for America that the world be dependent on oil for energy — a commodity largely controlled by countries that hate us and can only go up in price as demand increases — rather than on clean power technologies that are controlled by us and only go down in price as demand increases...

http://www.nytimes.com/2009/11/18/opinion/18friedman.html

 

More on the same...

Sources Say World’s Remaining Oil Supply Less Than Reported
- November 13, 2009
Situation
= International Energy Agency has purposely painted overly rosy picture of remaining oil supply to avoid public panic
= Inaccurate oil supply has been result of heavy pressure from United States
= Comes from 2 unnamed sources - 1 current and 1 former IEA employee
= Many inside IEA believe maintaining oil supplies at 90M to 95M barrels a day would be impossible
= But there are fears panic could spread on financial markets if figures brought down
= Sources say Americans worry it would threaten their power over access to oil resources


Significant Points

= IEA plays key role in determining world's energy outlook; has large influence on oil price and demand
= Many of world's largest governments have used IEA reports as basis for driving energy, environmental policy
= Heart of the issue is looming question of peak oil
= Whether or not we've already entered production decline
= Or if world can still increase oil production to meet demand into near future
= IEA has consistently said world can increase production through at least 2030
= Whistleblower: IEA has held back analysis, data showing world may have already entered decline phase of peak oil