Asia bent on having own oil market despite warnings
Several Asian countries are pushing ahead with their long held objective of establishing a regional oil market for cheaper supplies, despite warnings such an initiative could backfire.
Several Asian countries are pushing ahead with their long held objective of establishing a regional oil market for cheaper supplies, despite warnings such an initiative could backfire.
An authoritative study of the biological relationships vital to maintaining life has found disturbing evidence of man-made degradation. (The four-year assessment was designed by a partnership of UN agencies, international scientific organizations, and development agencies…)
A group of former national security officials on Monday took up the cause of weaning U.S. drivers from their oil addiction — normally the realm of environmental groups — and asked the Bush administration to spend $1 billion on lighter, more fuel-efficient automobiles.
Worried about the depletion of the Social Security Trust Fund, that carefully preserved safety net you’ve been paying into since forever? Don’t. It doesn’t exist.
Just when you thought it was impossible, Cheney energy schemes get even worse
If Geo-Green ideas are unchallenged, we will watch tragedy unfold as unsustainable proposals continue to be written as energy policy in Washington D.C., with billions spent on blind industry wish fulfillment.
While Congress debates whether to allow oil and gas drilling in Alaska’s Arctic National Wildlife Refuge, a similar battle with much higher stakes is under way in northwest Canada.
The imminent demise of the global petroleum industry will necessarily entail a complete redesign of industrial societies.
An independent study has modeled various scenarios to project possible dates of global oil peak. The modelers used data from both the USGS and ASPO to reach their conclusion that ‘the answer to the question, “how much longer can we increase oil production?”, seems to be probably not much more than 30 years, and perhaps less than five.’
China, possessing the second-biggest currency reserves in the world, will have no difficulty in paying for strategic stocks of crude oil later this year despite the high cost of energy, analysts said.
President Ford’s team commended Iran’s decision to build a massive nuclear energy industry, noting in a declassified 1975 strategy paper that Teheran needed to “prepare against the time – about 15 years in the future – when Iranian oil production is expected to decline sharply.”
Peak oil means that we are entering into a reality far different and much more threatening than the one to which we are accustomed.