Energy shortage hits Chinese firms
“There are now restrictions forced on us. For two days a week we are not allowed to use any electricity and that means I have to send my workers home,” says Ms Dai.
“There are now restrictions forced on us. For two days a week we are not allowed to use any electricity and that means I have to send my workers home,” says Ms Dai.
There’s a growing consensus among experts that the most recent wave of oil price hikes is not mainly the result of market manipulation, refining bottlenecks, or the Iraq occupation but the harbinger of the long-predicted depletion of the world’s extractable oil reserves.
North America’s crude oil resources have been so thoroughly explored and developed that experts believe that there is hardly any left to find, except perhaps in the deep waters of the Gulf of Mexico.
The world is consistently failing to grow enough crops to feed itself, alarming official statistics show. Humanity has squeaked through so far by eating its way into stockpiles built up in better times.
The geopolitics of oil today suggest a backdrop looking less like a benign, happily globalised “one world economy” dominated by America Inc and its assorted “branch plants”, and more a massive, overextended military power fighting a dangerous, and ultimately losing, battle against an angry, resistant globe, of which Russia is but one more growing manifestation.
Michael Ruppert, publisher of From The Wilderness addressed the prestigious Commonwealth Club of California about peak oil and it’s relationship to the events of 9/11.
The former New Zealand minister for the environment and now chairman of the OECD roundtable for sustainable development wrote in 1997 of his knowledge of the impending global oil peak, but did he really understand the implications of what he was saying?
Despite a history that proves fuel cell companies burn a lot of cash but produce precious little energy in doing so, optimistic investors continue to shovel more and more cash into the fire.
Officials at Mexico’s state-owned oil monopoly said Monday that the company has detected massive new oil deposits in the Gulf of Mexico that could potentially double the country’s reserves, but industry analysts cautioned that the company’s findings are still unproven.
aced with lofty world crude oil prices, reflecting a perception of tight fundamentals and threats to supplies, Paris-based Institut Français du Pétrole recently examined how the situation might evolve over the next 18 months.
The New Zealand government depends on the IEA’s oil production projections. As concerns about global Peak Oil began surfacing in the mid to late 90’s the IEA has succeeded only in delivering a “business as usual” message but with seriously flawed “hidden variables”.
Thanks to the collusion of industry, financial and government interests, the coming decline in oil production is portrayed as so impossibly far off in the future that there is no sense talking about it – but talk we must.