Insight and inspiration in turbulent times.
Reuters Transneft president says, “Beyond 2005 we will probably reach the ceiling in [Russian oil] output. The period of easy oil extraction is over and to boost output further we need serious capital investment and more time.”
OPEC, producer of more than a third of the world’s oil, and the European Union plan to hold twice- yearly meetings to discuss how to maintain a stable oil price acceptable to producing and consuming countries.
Tony Blair is preparing to commit the country to the biggest nuclear power programme since the 1960s if he wins the forthcoming general election.
But many Caspian estimates proved to be unrealistic, at least in the short term. Experts now say the Caspian should in coming years pump some 4 million to 5 million barrels per day, on par with Iran.
The Australian federal government is pushing for Australia to be a major supplier of LNG to Mexico and the west coast of the US.
…as we get hungry we will be motivated as never before to protect soil fertility and water reserves, and learn to feed ourselves without using fossil-fuel-based fertilizers and pesticides. Organic and sustainable farming will no longer be trendy. We will feed ourselves according to our ability to replicate the soil food web’s systems of nutrient and carbon cycling and nature’s biodiversity, and to learn from long-surviving species.
Although the United States has long consumed the lion’s share of the world’s resources, this situation is changing fast as the Chinese economy surges ahead, overtaking the United States in the consumption of one resource after another.
British manufacturers’ raw materials costs rose at their sharpest pace in four and a half years in January as the price of crude oil and imported goods surged.
China will rely on oil for more than half of its energy by 2010, when net imports will rise to between 180 million tons and 200 million tons of oil a year, a Chinese official said.
Oil companies must be forced to report more fully and transparently about their oil and gas reserves within annual reports and financial statements, according to Big Four firm Deloitte.
In 15 year’s time — and much sooner if the economy continues to explode — China will overtake the US as the world’s largest single emitter of greenhouse gases. Now, this does not mean that by 2020 it will be a rich country with most people owning cars or using air conditioning like in the US or Europe.
The skeptics think that it is already too late. Isn’t time to get serious about peak oil and global warming? About navigating The Bottleneck? About imminent global societal collapse?
