A modern-day Noah warns that the end is nigh for oil
No oil company wants to be the first to face stock market meltdown by announcing their production is in decline, no government wants to be voted out for such bad news.
Gas Guzzlers’ Shock Therapy
One expert has picked an Armageddon date for the peak of oil production: Thanksgiving 2005. The slow decline in world supplies will start then.
Thermal Depolymerization plant closed
The RES thermal depolymerization plant was shut down production after complaints about the smell were raised. They later resumed production, then shut the plant down again after the smell resurfaced.
Thailand And Iran To Start Barter Trade
Thailand hopes to export Thai sugar to Iran in return for copper and oil from Tehran, the industry minister told journalists here.
Oil and natural gas pump new life into Sakhalin Island
Although the former Soviet Union has pumped crude for years, only recently has Russia emerged as the world’s second-biggest oil exporter and — if the Bush administration has its way — a potentially important new supplier of both oil and gas to the United States. Russia’s crude oil production rivals that of Saudi Arabia, and analysts say its reserves could provide the output answer for the United States, China, South Korea and Japan, which have grown increasingly wary of their dependence on producers in the Middle East.
Crest Or Trough?
The doomsayers say they will stabilise at $70; the optimists argue they will tumble to $15. Outlook examines arguments on both sides of the oil divide.
Powerdown: Interview with Richard Heinberg (audio)
“Powerdown” is a strategy that will require tremendous effort and economic sacrifice in order to reduce per-capita resource usage in wealthy countries, develop alternative energy sources, distribute resources more equitably, and reduce the human population humanely but systematically over time.
An Earth-Centered Universe — Again?
Caryl Johnston argues that the Rare Earth Hypothesis is indispensable to the development of an ethic of stewardship in an era of energy descent.
U.S. Prods Japan To Quit Iran Oil For Libya
The United States is pressuring Japan to invest in Libya’s oil industry instead of a project to tap Iran’s giant Azadegan oilfield that has provoked the wrath of Washington, a Bush administration official said, Reuters reported on Friday.
OPEC: Pumping all they can?
As the oil price rose to a new high of more than $44 a barrel this week, amid concerns about supply, OPEC’s president said the cartel was unable to pump more oil and thus bring down the price. He later contradicted these comments, but observers remain sceptical about OPEC’s ability to turn on more taps.
Richard Heinberg Interviewed by Jim Pupluva (transcript)
Jim Puplava: Welcome everyone. Joining me on the program today is Richard Heinberg. He has been writing about energy resource issues and the dynamics of cultural change for many years. He’s a member of the core faculty at New College of California and he’s an award-winning author of three previous books. His last book is called The Party is Over; his newsletter was nominated for the best alternative newsletter award; his new book is called Power Down: Options and Actions for a Post -Carbon World.
We’ll be looking at $50 oil, and likely by next winter.
The US presidential candidates don’t have workable plans and things will only get worse.
