What if technology does advance, but not enough, and what if the price of oil is high, but not high enough to justify bringing it out of the ground at the RATE required for the smooth functioning of global society? What then?
Articles: oil industry (15)
This post shows statistical evidence that BP, like all other International Oil Companies, is in full peak oil mode.
It's now increasingly recognised that the transition into the post-carbon era must involve not simply "adaptation" and "mitigation" but entail radical transformation of our societies at multiple levels.
Steve Kopits recently gave a presentation explaining our current predicament: the cost of oil extraction has been rising rapidly (10.9% per year) but oil prices have been flat.
Steven Kopits, Managing Director, Douglas-Westwood talks peak oil and oil markets.
Interview with indendent peak oil analyst Dr Richard G. Miller. Miller, trained as a geologist, joined BP as a geochemist in 1985. He is coauthor of The Future of Oil Supply published by the Royal Society.
“I don’t believe for one minute that all Albertans believe that oil and gas is the only way to live in this province,” says Ronalie Campbell. “Alberta wasn’t built on oil and gas,” says Shawn, “Alberta was built on agriculture. Alberta was started …
Australia will have to pay high prices if it wants to attract these imports against declining sales trends in international markets.
George Osborne, the newly appointed minister for shale gas development, might have expected some rough headlines this week, but he could hardly have guessed who would supply the fuel.
•Trouble in fracking paradise •Censored EPA PA Fracking Water Contamination Presentation Published for First Time •Wood Mackenzie Says Bakken & Eagle Ford Will Produce More than the Two Largest Fields in North America Combined •Bridge Or Gangplank? Study Finds Methane …