Insight and inspiration in turbulent times.
Dan Ackman What is the scenario in which oil hits $100 per barrel in the next five or six years? Simmons speaks of a phenomenon called “Peak Oil” and says it is “as inevitable as death,” though, like death, predicting its precise timing is not easy.
Oil depletion is not a future event that we can ignore. It is real. It is upon us. The economic and cultural destiny of mankind is inexorably tied to the availability of oil.
A fiscal train wreck is one thing but when it is combined with the following elements it makes the recipe for a perfect storm as American as apple pie.
It’s black, dirty and desperately unfashionable, but without it the UK may be heading for winter blackouts. Could coal really be the future of British energy?
Yes, the presidential race has been ugly. But the accusations, smears and spin of the current campaign, although disgusting, are only reflections of a much larger problem. The plain truth is that we are in the process of destroying American democracy.
As part of Planet Under Pressure, a BBC News Online series looking at some of the biggest environmental problems facing humanity, Alex Kirby explores fears of an impending global water crisis.
Peter Davies, the vice chairman and chief economist of BP said: “Wind and solar energies are only in the minds of scientists at the moment. They are not in the market now, but they may be in 50 years.”
IHS Energy claim that the current oil ‘demand crunch’ is primarily geopolitical – not geological – in nature, while the long term energy outlook is promising.
Malaysian Prime Minister Abdullah Ahmad Badawi said Monday his government will look into ways to lessen the country’s dependence on crude oil.
High oil prices haven’t damped demand or spurred extra production, forcing the world to rely more on OPEC’s oil, the producer group said Monday.
Crude oil prices, which rose to a record US$55 a barrel in New York on Friday, may increase further and peak at US$75 a barrel, said Bernard Dan, president of the Chicago Board of Trade, the second-biggest US futures market.
Shell is reconsidering decades old technology to attempt to produce liquids from shale oil in the US.
