Saudi monarch: Peak Oil here now

It doesn’t get much more blunt than this:

“The oil boom is over and will not return. All of us must get used to a different lifestyle,” said King Abdullah of Saudi Arabia, the largest global oil producer.

Or this, if you prefer an American point of view:

This cautious energy outlook corresponds with statements made by former US Defense Secretary and CIA Director, James Schlesinger, who said at a recent oil summit in Cork: “The battle is over, the oil peakists have won. Current US energy policy and the administration’s oil strategy in Iraq and Iran are deluded.”

Meanwhile, the moron-in-chief simplistically tells Abdullah: “pump more oil.”