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Al Gore: we’re at or near peak oil

By Larry King Live, originally published by CNN

June 14, 2006

…

KING: Gas prices — we’ve only got a minute left.

GORE: Yes.

KING: Gas prices going to go down?

GORE: Well, I’ve seen a number of — over the last several decades I’ve seen this happen several times, where they spike and then they do come back down.

But each time they go to a higher plateau. We almost certainly are at or near what they call peak oil, defined as having recovered a majority of the oil reserves at a certain price, affordability range. And so with the new pressure on the consumption side from China and India, if they come back down, they won’t stay down long.

…

Larry King Live

Tags: Energy Policy, Fossil Fuels, Oil

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