Insight and inspiration in turbulent times.
Various ecological, social and economic challenges must be addressed if agriculture is to be truly sustainable. Martin Khor, Director of the Third World Network, discusses the choices facing developing countries and policy makers, and suggests some ways forward.
This month’s newsletter from the Association for the Study of Peak Oil and Gas feautures a country assessment of Turkey and a summary of the month’s most important news stories. Essential reading.
Denmark aims to claim the North Pole and hunt for oil in high Arctic regions that may become more accessible because of global warming, the Science Ministry says.
Oil prices have climbed towards $52 on worries about supply problems in the Gulf of Mexico and low oil inventories.
West African oil holds great promise for companies in search of diverse sources. But it’s giving U.S. national security planners a new Gulf to worry about: the Gulf of Guinea.
Oil depletion figures highly in the approaching crisis, and it’s not something new or theoretical, but something society has been living with for decades, Heinberg said.
Energy economist Philip Verleger Jr. attributes the present price run-up to massive miscalculation. Oil companies and OPEC underestimated global demand, particularly from China.
Matt Savinar of the website www.lifeaftertheoilcrash.net has made his book, The Oil Age is Over available for free download between now and the US presidential elections.
As oil prices climb to record highs above $50 per barrel, some have asserted that we are “running out” of this resource. In truth, we are not running out of oil in America. We can safely increase domestic production by at least 17.2 million barrels per day by 2030[!?]
World’s Seven Largest Economies (G7) Admit They Have No Idea How Much Oil Is Left – Issue Emergency Call for Transparency at DC Summit ….
Recent statements by the G7 group of nations and other breaking news stories have now irrevocably placed Peak Oil on the table. The bottom line is that the G7 have admitted that demand has outpaced supply and that due to cooked books and secrecy, they really have no idea how much oil is left, or available for production (two different questions). Within months there will be no more important story on the planet.
‘The real point is not so much the exact date of peak but the statement that the First Half of the Oil Age, which was characterised by growing production, is about to be followed by the Second Half when oil production is set to decline along with all that depends upon it.’
Given the public’s ignorance about energy issues, and the entrenched interests that dominate the industry, many analysts are skeptical about the prospects for change. Jaffe believes that it will take a repeat of what happened in the seventies to force meaningful reforms.
