US: Economists consider nightmare scenario

After years of relative calm on the inflation front, Americans are being battered by $2-a-gallon gasoline, rising food prices and higher medical bills. And there are fears that price pressures could worsen in 2005.

Peak Oil: Sustainability with Teeth (2004 Peak Oil Conference)

We have only a dwindling amount of time to build lifeboats—that is, the needed alternative infrastructure. It has been clear for at least 30 years what characteristics this should have—organic, small-scale, local, convivial, cooperative, slower paced, human-oriented rather than machine-oriented, agrarian, diverse, democratic, culturally rich, and ecologically sustainable.

Oil: What’s Russia Really Sitting On?

In Russia’s main oil-producing region in western Siberia, proven reserves represent just 18% to 24% of all oil in the ground, in contrast to about 45% in Western oil-producing regions such as Alaska and the North Sea. But as Russian oil companies adopt technologies, such as horizontal wells and computerized reservoir management systems, the estimated recovery rates are being revised upwards.