The Energy Crunch to Come – Soaring Oil Profits, Declining Discoveries, and Danger Signs
An up to date and information rich introduction to Peak Oil.
An up to date and information rich introduction to Peak Oil.
On the pretext of fighting international terrorism the United States is trying to establish control over the world’s richest oil reserves, Leonid Shebarshin, ex-chief of the Soviet Foreign Intelligence Service, who heads the Russian National Economic Security Service consulting company.
In the space of a couple of hours last week, crude oil prices hit a record $56 a barrel…The converging events drew attention to what administration officials call a temporary global energy crunch. Bigger worries also are bubbling to the surface — fears of a day of reckoning over world oil reserves.
New plants for production of bioethanol fuel entering service in Germany will start consuming significant volumes of grain this year — but only at very low prices, market players fear.
I asked Joe Terranova, director of trading for MBF Clearing Corp., why oil keeps going up and up. “Simple, the cat is out of the bag!” according to Joe. “Traders now recognize, for the first time since oil futures have traded, that there truly exists a demand to supply problem.”
It has often been predicted that the next war in the Middle East would be fought not over land, not over oil, but over water.
“America’s has its hand in the coconut.”
Solar electricity production growth jumped 67 percent last year as established industry players increased output and new players entered the industry, a survey said.
When demand for energy exceeds what the world can supply, everything will begin unwinding, sending us back to local communities – or perpetual war
Oil prices that have hovered around record highs for weeks are likely to continue to be high for another two years because of rising demand and supply constraints, the head of the International Monetary Fund said Saturday.
Excerpt from William Catton’s classic 1980 book Overshoot: The Ecological Basis of Revolutionary Change. Plus, a recent letter from William regarding his current book project.
Eric Sprott could have told you this was coming. Canada’s top fund manager was buying energy stocks long before oil — and other commodities — became the hottest investing trend since the technology bubble. He is wildly bullish about energy. Two words explain why: Hubbert’s Peak.