Insight and inspiration in turbulent times.
In response to the bold moves by the Bush Administration to move its NATO and direct US military presence into the vital energy choke points of Eurasia, the major Eurasian powers are taking definite steps aimed at self-survival in energy, even military defense. (Considers Peak Oil.)
Moves by Middle East oil exporters and Russia to switch some revenue from dollars to euros lie behind the U.S. currency’s weakness, and a further rise in crude prices could prompt more declines, the billionaire investor George Soros said on Monday.
Saudi Aramco is planning to carry out two new projects by the end of the decade aimed at boosting the country’s oil production.
Energy investment banker Matthew Simmons, of Simmons & Co International, has been outspoken in his warnings about peak oil before. His new statement is his strongest yet, “we may have already passed peak oil”.
India, sharing a ravenous thirst for oil, has joined China in an increasingly naked grab at oil and natural gas fields that has the world’s two most populous nations bidding up energy prices and racing against each other and global energy companies.
Venezuelan President Hugo Chavez has threatened to suspend oil exports to the US if someone tries to assassinate him, saying US President George W. Bush would be to blame.
Activist and author George Daffan on Peak Oil, the collapse of civilisation and the role of the mass media.
A report on the initial success of a community currency in Benton County, Oregon.
The objective of this research effort was to characterize the size and direction of the worldwide market for crude oil, including the depletion of reserves and the impact that alternative depletion scenarios would have on oil production and consumption. These scenarios were then analyzed in order to determine their impact on world and national economies, with a special focus on the United States.
I gave my first talk on peak oil in this room a little over two years ago. Like many people, when I first learned about it, I was very upset. I noted in my talk then that the problem looked serious and no one had any idea what to do. An Antioch attending said, “you should go to Cuba. They’ve already solved the problem.”
Biodiesel is all around us — in our ferries, buses, garbage trucks, passenger cars, tractors, Army trucks, sailboats and more — yet surveys show that only one in four people knows about this alternative, non-toxic fuel made from vegetable oil.
But biodiesel is poised for liftoff…
…the next tough oil shortage, even if it is not acknowledged as a post-peak oil extraction phenomenon of diminishing supply, will cripple the globalized economy. Understanding of both the economics and social dynamics of collapse is rare, and even when it is present there is an absence of taking into account the “market factor” in ushering in collapse.
