Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-06-Speech-3-057"
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"en.20101006.11.3-057"2
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"Madam President, the real significance of the Deepwater disaster is being missed. The real question is why BP is drilling for oil through 5 000 metres of rock, in water 1 500 metres deep, in the middle of a hurricane zone.
The answer is peak oil – the point at which we have used the half of the world’s reserves that were easy, safe and cheap to produce, and now rely on shrinking reserves which are increasingly inaccessible, dangerous and expensive, both financially and environmentally. Deepwater is merely a symptom of peak oil. Using it as an excuse for yet another EU power grab will not stop us reaching peak or suffering its potentially catastrophic consequences.
Instead of talking about symptoms, it is time to get serious about the disease: the fact that we have used all the easy oil and are still addicted to the stuff. In recent months, this reality has begun to dawn on – among others – President Obama, the British Government and the German military. It is time for the EU to take its head out of the sand, stop obsessing about climate change, and study and address the real crisis: peak oil."@en1
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