The peak oil crisis: the studies

Two major studies of the prospects for world energy supplies are underway in Washington. The first, dealing with peak oil, is being done by the Government Accountability Office and is to be released on February 28. The second and what on the surface sounds the most in-depth study of world energy resources ever undertaken is being done under the auspices of the National Petroleum Council (NPC).

CERA says peak oil theory is faulty

In contrast to [peak oil theory], a new analysis by Cambridge Energy Research Associates (CERA) finds that the remaining global oil resource base is actually 3.74 trillion barrels — three times as large as the 1.2 trillion barrels estimated by the theory’s proponents — and that the “peak oil” argument is based on faulty analysis which could, if accepted, distort critical policy and investment decisions and cloud the debate over the energy future.

Climate policy – Nov 14

Australia PM Howard, Bush’s only big ally on global warming, shifts stand /
Australian drought: goin’ under /
Direct-action protesters in the U.K. /
French PM proposes taxing states that shun Kyoto /
Sweden tops climate change efforts, U.S. near bottom