The Imminent Peak of World Oil Production
Presentation to a House of Commons All-Party Committee on July 7th 1999.
THE END OF CHEAP OIL
In 1973 and 1979 a pair of sudden price increases rudely awakened the industrial world to its dependence on cheap crude oil. Prices first tripled in response to an Arab embargo and then nearly doubled again when Iran dethroned its Shah, sending the major economies sputtering into recession. Many analysts warned that these crises proved that the world would soon run out of oil. Yet they were wrong.
Energy and Permaculture
Even the most productive sustainable systems imaginable would never sustain large-scale cities, a global economy, and Western material affluence even if all the conventional energy conservation strategies were to be adopted. This is a bitter pill to swallow for Westerners raised on the notion of material progress.
Coal – Jul 2
Duplicate entry/ See Coal – July 2.
New Kazakh civic coalition to ensure greater transparency in oil sector
A newly established group of NGOs to promote civic control over Kazakhstan’s burgeoning oil industry aimed at more transparency of the revenues the Kazakh government receives and how they are spent — information closed even to members of parliament.
Oil price trends through 2004-2010
World oil stocks, depending on country and using periodic data from the IEA, EIA and oil analysts, in fact remain well below average figures for the 2000-2003 period. Combined with recent – extreme – figures from the IEA for world oil production (well over 82 Mbd) the overall reading is that world oil markets will remain tightly supplied with generally uptrending prices, right through the period to 2010.
