Insight and inspiration in turbulent times.
So if the head of San Ramon’s ChevronTexaco is prepared to gamble more than 16 billion bucks on oil prices staying at stratospheric levels, I’m ready to give him the benefit of the doubt.
And reading between the lines, that means only one thing.
Peak oil.
We’re basically there.
Oil company BP’s existing oil and gas fields are posting production declines of about 3 per cent, Tony Hayward, the company’s chief executive for exploration and production, said on Wednesday.
If the energy and materials to build nuclear power plants must be taken from other forms of construction, which projects will be sacrificed? Military bases abroad, or houses, schools and hospitals at home?
Report from a regional thinktank, concluding that exporting natural gas is not the best strategic option for the Arab World.
Text of speech “We can’t leave this to central government. They are not interested. The structure of Central government is such that they will not respond to Peak Oil until it is too late.”
Audio interview with David Holmgren, co-originator of the permaculture concept, and Barry Jones of the Australian Petroleum Production & Exploration Association (APPEA).
A House committee voted on Wednesday to expand U.S. daylight-saving time by two months to help reduce energy consumption, but rejected a plan to shave total U.S. oil demand by 1 million barrels a day.
World grain yield fell for four successive years from 2000 to 2003, bringing reserves to the lowest in thirty years… The Independent Science Panel (ISP) and the Institute of Science in Society (ISIS) are launching a Sustainable World initiative to engage with all sectors of civil society to make our food production system truly sustainable.
What we cannot see is whether this expansionary phase [will be] stifled by an oil squeeze, by a more general burst of inflation, by a loss of confidence in the markets, or conceivably by a trade war. What we can see is that oil at over $50 a barrel is an amber light, and were it to rise to over $100, the light would flip to red.
With their promise of environmentally benign power, fuel cells are widely promoted as the electricity generators of the future. Technological advances over several decades have demonstrated that they can certainly be made to work but their central claim of exceptionally high efficiency does not always stand up to scientific scrutiny. Expectations that fuel cells will be simple and cheap seem unrealistic.
A widely reported briefing by US investment house Goldman Sachs alerted markets to the possibility of an oil price superspike – a spike as high as $105 per barrel.Yet the full report, obtained by Aljazeera.net, paints a more complex and volatile picture.
What would a society look like without fossil fuels?
Japan lived almost exclusively on solar energy during the 265-year Edo period.
