Several years ago, Glen Sweetnam, director of the International, Economic and Greenhouse Gas division of the Energy Information Administration at the Department of Energy (DOE), announced that worldwide oil availability had reached a “plateau.” However, his statement was not made known through a major US mainstream media outlet. Instead, it was covered in France’s Le Monde.
One could assume that the US assessment of the oil decline was exposed through this particular publication perhaps due to some arrangement that Barack Obama made with Nicolas Sarkozy. (Maybe it is an indirect way to alert the French while keeping most Americans still in the dark on the topic, so that the latter bunch can ignorantly carry onward as usual. After all, no unsettling prognosis should disturb their slow return after the economic recession into shopoholic ways that keep the economy, particularly China’s, on which the US federal government depends for loans, going strong.)