http://www.counterpunch.com/estulin05272005.html
Energy
An American Bilderberger expressed concern over the sky-rocketing price
of oil. One oil industry insider at the meeting remarked that growth is
not possible without energy and that according to all indicators,
world's energy supply is coming to an end much faster than the world
leaders have anticipated. According to sources, Bilderbergers estimate
the extractable world's oil supply to be at a maximum of 35 years under
current economic development and population. However, one of the
representatives of an oil cartel remarked that we must factor into the
equation, both the population explosion and economic growth and demand
for oil in China and India. Under the revised conditions, there is
apparently only enough oil to last for 20 years. No oil spells the end
of the world's financial system. So much has already been acknowledged
by The Wall Street Journal and the Financial Times, two periodicals who
are regularly present at the annual Bilderberg conference.
Conclusion: Expect a severe downturn in the world's economy over the
next two years as Bilderbergers try to safeguard the remaining oil
supply by taking money out of people's hands. In a recession or, at
worst, a depression, the population will be forced to dramatically cut
down their spending habits, thus ensuring a longer supply of oil to the
world's rich as they try to figure out what to do.
During the afternoon cocktail, European Bilderberger noted that there is
no plausible alternative to hydrocarbon energy. One American insider
stated that currently the world uses between four and six barrels of oil
for every new barrel it finds and that the prospects for a short term
break through are slim, at best.
Someone asked for an estimate to the world�s accessible conventional oil
supply. The amount was quoted at approximately one trillion barrels. As
a side note of interest, the planet consumes a billion barrels of oil
every 11.5 days.
Another Bilderberger asked about hydrogen alternative to the oil supply.
The US government official agreed gloomily that hydrogen salvation to
the world�s eminent energy crisis is a fantasy.
This confirms public statement made in 2003 by HIS, the world�s most
respected consulting firm cataloguing oil reserved and discoveries that
for the first time since the 1920s there was not a single discovery of
an oil field in excess of 500 million barrels.
The oil industry at the 2005 Bilderberg conference was represented by
John Browne, BP�s Chief Executive Officer, John Kerr, Director Royal
Dutch Shell, Peter D. Sutherland, BP Chairman and Jeroen van der Veer,
Chairman Committee of Managing Directors Royal Dutch Shell.
It should be remembered that in late 2003, oil giant Royal Dutch Shell,
announced that it had overstated its reserved by as much as 20 percent.
Queen Beatrix of Holland, Royal Dutch Shell�s principal shareholder is a
full fledged member of the Bilderbergers. Her father, prince Bernhard
was one of the founders of the group back in 1954. The Los Angeles Times
reported that "For petroleum firms, reserves amount to nothing less that
�the value of the company�. In fact, Shell cut its reserve estimates not
once, but three times, prompting the resignation of its co-chairman. At
Rottach-Egern, in May 2005, industry's top executives tried to figure
out how to keep the truth about diminishing oil reserves from reaching
the public. Public knowledge of the diminishing reserved directly
translates into lower share prices, which could destroy financial
markets, leading to a collapse of the world economy.
