Daniel Yergin won a Pulitzer for his book "The Prize: The Epic Quest for Oil, Money, and Power" in 1991. The Oil Drum gang has a discussion going on Yergin's energy consultancy CERA, which provided background information for a Yahoo AP story on Peak Oil. Now, this would not normally raise any eyebrows but for the fact that CERA predicts a later peak and significant excess global oil supply for the near term. And because of the "fair and balanced" media, we see this point of view getting press.
I conjecture that the particular framing of excess supply may become more prevalent as a kind of neocon strategy of the oiligarchy. From a 2002 BuzzFlash article Yergin said:
"Some people say the Iraq crisis has been manufactured to cloak an 'oil grab' by the United States and the American oil industry. Others believe that a liberated Iraq will flood the world market with cheap oil and provide a quick fix for concerns about our energy security."
The author points out that few besides Yergin at the time strenuously denied linkages between Iraq and oil.
However, he continues, "it requires several leaps of logic . . . to conclude that the current Iraq crisis is all about oil. No U.S. administration would launch so momentous a campaign just to facilitate a handful of oil development contracts and a moderate increase in supply -- half a decade from now."
Interesting, many predict that the Iraq conflict will last a few more years, making it a half-decade in the unraveling. Just in the nick of time, Mr. Yergin; quite an accurate prediction you made there.