What happens in Nigeria when the oil wells run dry?
Could you imagine what would have been (or would be) of Nigeria without its crude oil revenue? Chad or Niger would seem like paradise.
Chamberlain S. Peterside PhD
China rocks the geopolitical boat
Billed as the “deal of century” by various commentators, a mega-gas deal between Beijing and Tehran is likely to increase by another $50 billion to $100 billion, bringing the total close to $200 billion, when a similar oil agreement, currently being negotiated, is inked not too far from now.
Crude futures fall after supplies up
Crude oil futures fell after a US Energy Department report showed rising imports boosted inventories by three times the amount analysts forecast. But “it would be very dangerous not to keep filling the reserve,” said Kjell Aleklett, president of Uppsala, Sweden-based Association for the Study of Peak Oil & Gas, an energy researcher.
A Black Day
“All this comes at a time when we are entering the age of peak oil and the onset of global warming, a moment in history that would require a firm, fair and judicious hand to bring us through a difficult transition. Instead we will have the most extreme, ruthless and irresponsible leadership to drive us into uncharted territory.”
Hello: You Are Now Living In A Fascist Empire.
What few people in America understand, despite the astute observations of millions of individuals around the world, is that we are living in an empire, and we are no longer living in a democracy. As citizens living in the belly of the beast, we must not only think about how to defeat the empire, but also how to merely survive living within it. In order to do so, one must understand the concept of Peak Oil.
Bush Win Sends Oil Near $51 a Barrel
Oil prices surged more than $1 on Wednesday as the re-election of President Bush countered the impact of a big increase in spare oil supplies ahead of winter.
The Mideast ‘bomb’ no one talks about
In a few decades, many OPEC nations in the Middle East will have such large populations that they could end up consuming much or all of the energy they now export, suggests Matthew Simmons, an oil consultant in Houston.
Australia: Energy scheme’s demise ‘threatens wind farms’
Hydro Tasmania says the Federal Government’s decision not to extend the Mandatory Renewable Energy Targets (MRET) scheme will spell an end to wind farm development after 2008.
NZ: Farming must clean up its act
Green Co-Leader Jeanette Fitzsimons says farmers should stop seeing environmental concerns as a threat and recognise that it is essential to their economic interests to clean up their act.
UK: E.ON plans Ayrshire wind farm
Powergen owner E.ON UK yesterday said it was planning to build what could be its most powerful onshore wind farm in Britain.
Australia’s House of Debt
Most Australians are too busy working to pay off mortgages, HECS fees, medical bills, insurance, credit cards, and personal debt to care about the government’s debt. We will literally be “working until we drop” because our combined household debt has now outstripped our total income. For every $100 we earn, we owe $130.
$80 Oil, Here We Come!!!
In this issue, I will examine several of the reasons why the price of oil will not significantly pull back from today’s levels and is likely to reach the $80 mark within the next 24 months.
