Insight and inspiration in turbulent times.
Fred Cederholm The significance of the US/Venezuela oil connection is worthy of note. The proximity of this source of imported oil to our Gulf of Mexico oil portals gives them major “ace in the hole” status.
The possible consequences of peak oil are gigantic and involve nothing less than a forced, massive, radical and sustained change in our way of life as we transition to alternative energy sources and the economic/political order they support. Our current oil fed, growth based, globalised industrial civilisation will not survive the transition, something new must take its place.
What’s in the ground isn’t dead — there’s a complex system of checks and balances.
Caryl Johnston is writing a semi-humorous novel about the Oil Crash. Here is Chapter Ten.
We can still have all the electricity we want in 2020, says Paul Brown. But we need to learn to love renewables
The U.S. ethanol industry set an all-time monthly production record in June of 222,000 barrels per day (b/d), according to recent information released by the U.S. Energy Information Administration (EIA).
OPEC’s 11 members possess three-quarters of the world’s known oil reserves, produce a third of its crude oil, and account for half the exports. Yet OPEC seems to have lost its clout to influence prices.
Britain became a net importer of oil for the first in more than a decade in July. North Sea oil output is expected to be “more or less over” by 2020 according to ASPO.
In 20 years, windmills may generate more electricity than nuclear power plants, but Germany may not have access to the energy it needs for its industrialized economy, according to Gerhard Ott, chairman of the World Energy Council’s German committee.
World oil stocks will swell in coming months unless OPEC producers pull back from a production surge that is replenishing inventories, the International Energy Agency said on Thursday.
UK interest rates must rise at a faster rate than currently forecast if oil prices stay permanently above $42 a barrel, new research has suggested.
Britain has set Iran a two-month ultimatum to suspend all activities linked to the production of a nuclear bomb or face a demand for United Nations sanctions, the British press said Thursday.
