Peak oil – Mar 1

Click on the headline (link) for the full text.

Many more articles are available through the Energy Bulletin homepage

Peter Tertzakian’s “1000 Barrels Per Second” (AUDIO)
David Room, Global Public Media
Peter Tertzakian, author of 1000 Barrels Per Second, talks with David Room about the coming oil breaking point and the ensuing rebalancing period. In this context, he speaks about peak oil, Canadian oil sands, the role of government and the inadequacy of current corporate thinking with respect to forecasting energy costs.
(31 January 2006, but just posted at GPM)

‘Peak oil’ perplexities test the nerves of major oil companies
Adam Porter, Resource Investor
‘Peak oil’ has well and truly grabbed the oil agenda if latest figures and pronouncements are anything to go by. Whether major oil companies, state or private, like it or not, peak oil cannot be ignored. The subject, ridiculed just three years ago, now sits centre stage.

When Lord Browne, head of BP [NYSE:BP; LSE:BP], spoke to a dinner at the Energy Institute in London, he was forced to confront the theory head on.
Aflease

“We’re at a point of great change in this industry,” said Lord Browne. “Demand is growing, but we have to meet that demand in different ways from different sources.

It is impossible to predict the future, except to say that it won’t look like the past.”

One thing that may not look like the past is the way major oil companies replace their reserves. Or rather do not replace their reserves.
(28 February 2006)

NY Times Op Ed: The End of Oil
Robert B. Semple Jr, NY Times (Op-Ed)
America needs to break its petroleum habit soon because the reserves that now fuel the world’s economy may soon be running out.
(1 March 2006)
Unfortunately the article is only viewable by subscribers. This Peak Oil piece is significant because the author is a NY Times editorial page staffer:

Robert B. Semple, Jr. since 1988 has been Associate Editor of the Editorial Page for The New York Times. Between 1982 and 1988 he had been Editor of that newspaper’s Op-Ed page. Semple started with The Times in 1963 in its Washington bureau and was a political reporter and White House correspondent during President Richard M. Nixon’s first term. He has worked for The Times as a Deputy National Editor in New York and as London bureau chief. Semple in 1996 won the Pulitzer Prize for editorial writing on environmental issues.
www.environmentwriter.org/resources/articles/1105_semple.htm

Mar 4 update: Semple’s article is now reprinted at: www.energybulletin.net/13368.html -AF