Richard Heinberg predicts coming resource crunch
Oil depletion figures highly in the approaching crisis, and it’s not something new or theoretical, but something society has been living with for decades, Heinberg said.
Oil depletion figures highly in the approaching crisis, and it’s not something new or theoretical, but something society has been living with for decades, Heinberg said.
Energy economist Philip Verleger Jr. attributes the present price run-up to massive miscalculation. Oil companies and OPEC underestimated global demand, particularly from China.
Matt Savinar of the website www.lifeaftertheoilcrash.net has made his book, The Oil Age is Over available for free download between now and the US presidential elections.
China has warned that several of its key regions face more power shortages this winter and spring.
U.S. oil production plunged to a 54-year low after Hurricane Ivan slashed through the Gulf of Mexico two weeks ago, sinking rigs, buckling pipelines and triggering underwater mudslides that sheared the legs off platforms.
This November, people from around the country will gather in Yellow Springs to hear nationally recognized speakers address the pressing issue of ‘Peak Oil’ and the benefits of small community and low-energy solutions.
The United States, land of gas-guzzling sport utility vehicles and air-conditioned McMansions, might do well to turn to the country Americans love to hate for lessons on how to curb its reliance on imported oil: France.
The costs and benefits of America’s occupation of Iraq vary, according to proponents and opponents, except when it comes to oil exports.
The absorption of Russian state-owned oil company Rosneft by the gas giant Gazprom appears to have run into trouble amid press reports yesterday of furious infighting among top Kremlin officials over the deal.
Some ominous words from a G-7 official tend to corroborate the ‘alarmist’ view that the world is running out of oil and that high prices are here to stay — a structural phenomenon rather than a spike.
Two articles alleging that the peak oil hypothesis is a myth propogated for Isreali zionist interests.
The idea that the world is about to hit some kind of oil crisis, on a grand and even cataclysmic scale, is not new. All very scary, except for the fact that the validity of any of this starts to fade on closer inspection.