As crude prices soar, ‘Peak Oil’ looms
Richard Heinberg is more interested in how Americans respond to peak oil than the actual date. The implications are far more sweeping than simply paying another dollar a gallon at the pump.
Richard Heinberg is more interested in how Americans respond to peak oil than the actual date. The implications are far more sweeping than simply paying another dollar a gallon at the pump.
Dr Baktiari is a chief adviser to the National Iranian Oil Company. He says world production of oil will peak by 2007 at 82 million barrels a day.
Construction of BP’s controversial $3bn (£1.6bn) oil pipeline from the Caspian Sea to Turkey resumed only after the intervention of Donald Rumsfeld it has emerged.
The work of Campbell and Laherrere demonstrates that a number of large producers have reached their peak in production while even the Middle East production will soon peak.
In Iraq, to find out how the soldiers feel about the war and the Bush administration, you only need to read the walls inside the latrines.
If you think you’re paying too much at the petrol bowser now, brace yourself. An expert from one of the most oil-rich countries in the world says the price per litre could soon more than double, and he says that’s his conservative estimate.
Certainly the leaders of both American political parties know about Peak Oil, including Kerry/Edwards, yet public discussion is off the table.
Is it possible that we are about to run short of the source of a third of the world’s energy?
Mark Braly reports from the German Government’s Renewables 2004 conference in Bonn, that “something else, not new but more urgently felt, was in the air at the conference. The expert consensus now holds that the peak of world oil production is near – if it has not already happened.”
The west should be embarking on a serious rather than cosmetic attempt at energy conservation. Those who hold out the prospect of a glittering medium-term future for the global economy are perhaps not in full possession of the facts.
Oil discoveries provide resources to some low-income countries on a scale that dwarfs aid. Yet their effects have often been adverse.
Asia’s economies have been able to withstand this year’s surge in oil prices but the relentless climb is starting to take its toll and high growth rates are now in jeopardy, analysts said.