actions to mitigate the effects of declining fossil fuel supplies recommended in the report of the san francisco peak oil preparedness task force. supervisor chu: thank you very much. we are joined by supervisor mirkarimi on this issue. the sponsor of this legislation. just a quick comment. i know that we are heading at 1:00 now where budget and finance is supposed to convene. this is our last item, so well try to move as quickly as possible to allow budget and finance to move forward. supervisor mirkarimi, do you have opening comments? supervisor mirkarimi: i do. thank you, madam chair. since the main principals of budget and finance committee are here before you, i think we ll do our best to usher this as quickly as possible. the resolution that is before you is to affirm what many city governments around the world are now beginning to have a conversation about. that is the concepts of peak oil, which is at the point in time when the maximum global production of petroleum i