Insight and inspiration in turbulent times.
Roscoe Bartlett Conservative Congressman Roscoe Bartlett, Chairman of the Projection Forces Subcommittee of the Armed Services Committee, gave an hour long presentation on Peak Oil to the US Congress on Monday. This is the full transcript.
In a monthly report released last week, the IEA cut its forecast for non-Opec supply growth by 175,000 barrels per day (bpd) to 910,000 bpd, pointing to prolonged disruptions in Organisation for Economic Cooperation and Development (OECD) producers and lower expectations for Russia.
A succinct introduction to concept of Peak Oil, from a mainstream energy publication, with focus on the technical aspects rather than the wider implications.
““Understanding depletion is simple. Think of an Irish pub. The glass starts full and ends empty. There are only so many more drinks to closing time. It’s the same with oil.” – Colin J. Campbell
“Oil prices will rise through 2008 and stay high thereafter as demand increases and concern mounts that global production is nearing its peak,” according to analysts at Lehman Brothers Holdings Inc. (March 8, 2005)
When Lehman Brothers admits oil is peaking on Bloomberg, its time to fasten your seatbelts. The ride is going to be rocky.
The Stone Age didn’t end because we ran out of stone; we found something better, we replaced stone with iron but this transition took centuries. This time according to Dr Hirsh we have about a decade if we are lucky and a replacement for oil is yet to be identified.
The NY Times discovers Peak Oil! The article begins:
“If the cost of energy skyrockets, are the suburbs doomed? Would Long Island, already paying among the highest fuel and electricity rates in the country, become an unsustainably expensive place to live?”
The US dollar’s status as the world’s main reserve currency is under threat as Asian banks back away from the superpower’s ballooning twin deficits.
“Prices will never [again] go under the $40 per barrel mark,” Hani Hussain, Kuwait Petroleum Corp’s chief executive, told Gulf News in an interview yesterday.
Indonesia’s crude oil production fell to 942,000 barrels per day (bpd) in February due to technical problems on several wells, an industry source said yesterday.
Enagaging series that examines the wealth generated from fossil fuels in Alberta, how Canadians are consuming and exporting these natural resources, and what Canada’s energy future holds
Oil energy (gasoline and diesel) can be likened to the fruit of a cherry tree that bears but once in our tiny lifetimes.
