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Insight and inspiration in turbulent times.
Terry The National Roads Authority (NRA) forecasts for the traffic levels and the total number of cars in Ireland are flawed because they do not take into account the looming issue of Peak Oil. The growth for the number of cars is based on the rising population, GNP and a rising car per capita rate. This was a reasonable assumption up to now, but Peak Oil changes everything and this continued growth is very unlikely to come to pass.
Summary of talks at the conference, emphasizing “the magnitude of the coming change and the realization that it is unwise to rely on high tech solutions.” Slides and other material can be downloaded from the original article.
Though oil prices have retreated from their record highs of October, a terrorist attack on oil installations in Saudi Arabia could send them soaring to new heights, according to a leading industry analyst.
The euro rose to another record high against the dollar today after the Russian central bank said it might increase its euro holdings in an effort to insulate itself against further weakness in the American currency.
Like many, my first thought on seeing the electoral map of November 2nd was a blue state secession. The blue left coast hanging there off of Canada looked just like Ecotopia to me.
Are foreign investors souring on Wall Street? The data say yes. In September and August, foreign investors were net sellers of $5.9 billion of American stocks. These two monthly declines highlight a sharp slowdown in inflows from abroad since the beginning of the year.
Analysts said the move was intended to strengthen Mr. Chávez’s hold over the oil industry at home while tapping Mr. RodrÃguez, an oil executive, to work toward the international expansion of Mr. Chávez’s leftist movement by using oil from the world’s fifth-largest oil exporter as a diplomatic bargaining chip.
The U.S. government said Tuesday it was ready to resurrect oil shale drilling in the Rocky Mountains, a technology heralded 30 years ago to boost America’s energy output until it failed financially.
Lateline interview with David Goodstein, professor of physics and author of Out of Gas – the End of the Age of Oil.
It is no secret that Petroleos de Venezuela (PDVSA) is having trouble maintaining production capacity. With a natural production decline of around 25% a year, it is necessary to develop that magnitude of additional oil for the production level to remain where it was.
New York crude oil touched $50 a barrel for the first time in almost three weeks amid concern that refiners have failed to build adequate heating-oil supplies in time for the U.S. winter.
Audio recordings from the First US Conference on Peak Oil and Community Solutions featuring Pat Murphy and Richard Heinberg.
