The world has lost Iraq’s oil
The costs and benefits of America’s occupation of Iraq vary, according to proponents and opponents, except when it comes to oil exports.
The costs and benefits of America’s occupation of Iraq vary, according to proponents and opponents, except when it comes to oil exports.
The absorption of Russian state-owned oil company Rosneft by the gas giant Gazprom appears to have run into trouble amid press reports yesterday of furious infighting among top Kremlin officials over the deal.
Some ominous words from a G-7 official tend to corroborate the ‘alarmist’ view that the world is running out of oil and that high prices are here to stay — a structural phenomenon rather than a spike.
Two articles alleging that the peak oil hypothesis is a myth propogated for Isreali zionist interests.
The idea that the world is about to hit some kind of oil crisis, on a grand and even cataclysmic scale, is not new. All very scary, except for the fact that the validity of any of this starts to fade on closer inspection.
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.
Sharing oil reserves among Asian nations could be an option for countries in the region if crude prices stay high, Japanese Trade Minister Shoichi Nakagawa said on Tuesday as oil soared to a record above $50 a barrel.
Minimizing carbon emissions can be shown to produce healthy ripple effects throughout the economy. Thus, arguments for fundamental changes in the way we derive and use energy should be made on all fronts to build the support needed to confront human-caused global warming.
Article discusses the energy efficiency, large scale production feasibility and cost of biodiesel production from algae, draws favourable comparisions with Hydrogen production and infrastructure costs.