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Prices and Production over a complete Hubbert Cycle: the Case of the American Whale Fisheries in 19th Century

Ugo Bardi, Association for the Study of Peak Oil and Gas

November 24, 2004

Grasping the reality of Hubberts peak is difficult for many, possibly because crude oil may be the first nonrenewable resource to pass through such a peak. But a resource does not need to be a nonrenewable to show a Hubbert curve. A biological resource which is exploited much faster than it is replaced may also follow a bell-curve, and the whaling industry of the 19th Century a good example.

Canadian natural gas reserves continue to fall despite record drilling activity

James Stevenson, Canada.com

November 24, 2004

Canada’s known natural gas reserves continue to decline even though a record number of wells were drilled in 2003, the energy industry announced Thursday.

Russia will write off 90 pct of Iraq debt -Putin

Reuters, Reuters

November 24, 2004

Russian President Vladimir Putin said on Thursday that Moscow had committed itself to writing off 90 percent of Iraq’s debts, more than the 80 percent of forgiveness agreed by the Paris Club of sovereign debtors.

India hardens its stance on Iran pipeline

Amitav Ranjan, Indian Express

November 24, 2004

Aware of Iran’s dependence on India to market its gas, New Delhi is dragging its feet even as Tehran pumped up the gas on the proposed Iran-India pipeline traversing through Pakistan.

India, Iran fail to agree on LNG deal

Sify Staffer, Sify

November 24, 2004

India and Iran have failed to seal a LNG-for-oil field deal with Tehran offering a “very high” price for the five million tonnes LNG it plans to sell to New Delhi.

Traffic, Cars and Peak Oil

Terry, Indymedia (Ireland)

November 23, 2004

The National Roads Authority (NRA) forecasts for the traffic levels and the total number of cars in Ireland are flawed because they do not take into account the looming issue of Peak Oil. The growth for the number of cars is based on the rising population, GNP and a rising car per capita rate. This was a reasonable assumption up to now, but Peak Oil changes everything and this continued growth is very unlikely to come to pass.

First U.S. Conference on Peak Oil and Community Solutions

Staff, Community Solutions (Ohio)

November 23, 2004

Summary of talks at the conference, emphasizing “the magnitude of the coming change and the realization that it is unwise to rely on high tech solutions.” Slides and other material can be downloaded from the original article.

How secure is Saudi oil?

Henry Schuster, CNN Money

November 23, 2004

Though oil prices have retreated from their record highs of October, a terrorist attack on oil installations in Saudi Arabia could send them soaring to new heights, according to a leading industry analyst.

Russia Weighs Shifting Its Holdings to Euros

Eric Pfanner, Intl Herald Tribune (via NY Times)

November 23, 2004

The euro rose to another record high against the dollar today after the Russian central bank said it might increase its euro holdings in an effort to insulate itself against further weakness in the American currency.

A Virtual Ecotopia

Kelpie Wilson, truthout.org

November 23, 2004

Like many, my first thought on seeing the electoral map of November 2nd was a blue state secession. The blue left coast hanging there off of Canada looked just like Ecotopia to me.

Oil Touches $50 a Barrel as Cold Outlook Boosts Supply Concern

Gene Laverty, Bloomberg

November 22, 2004

New York crude oil touched $50 a barrel for the first time in almost three weeks amid concern that refiners have failed to build adequate heating-oil supplies in time for the U.S. winter.

Audio: Beyond Resource Wars: Peak Oil and Community Solutions (Part 1)

Unwelcome Guests, Unwelcome Guests / Radio4all.net

November 22, 2004

Audio recordings from the First US Conference on Peak Oil and Community Solutions featuring Pat Murphy and Richard Heinberg.