Wall Street Life: Take an oil price over $40 – then quadruple it
Simmons reckons that the correct price for oil so that demand is controlled while humankind comes up with another plan is $182 a barrel.
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Simmons reckons that the correct price for oil so that demand is controlled while humankind comes up with another plan is $182 a barrel.
The problem is easy to describe, but its consequences are fearsome and its solution daunting. The Age of Oil is coming to an end, and the future is precarious. So say two very different new books.
Filmed on 27th May 2004 after The APSO 2004 Conference, in this Global Public Media Exclusive Interview, Colin Campbell speaks with Julian Darley in Berlin on The ASPO 2004 Conference, the Rimini Protocol, Shell and Saudi Arabia, and Iraq.
Consultants tell oil group its policies have fed mounting strife in Nigeria, which is home to 10% of its output
With its relentless industrial rise, China, once known as the Middle Kingdom, has become a massive magnet inexorably drawing scrap metal from across Asia.
After several failed efforts to unseat Venezuela’s popular President Hugo Chavez, the fuel sector of corporate America is getting nervous. Venezuela is growing in prosperity, relying on its own mineral resources and technological patents to build new wealth. Chavez is exactly the kind of indigenous national leader whom American power can’t tolerate.
Iraq’s interim Prime Minister Ayad Allawi said those who attack the country’s power grid and oil pipelines are “traitors” and “not freedom fighters,” and he called on Iraqis to defeat the saboteurs.
Over the past several years, Bush and his foreign policy team have done something almost no one expected when they took office – they have made Africa a priority. It would be an uplifting story, the fulfillment of countless bleeding-heart dreams, except for one thing. Africa is a Bush priority for one reason: oil.
The province of Prince Edward
Island (PEI) plans to introduce renewable tariffs
later this year, the first jurisdiction to do so in
North America. The tariffs will be used to develop
community-owned wind generation on the island.
World oil demand this year will rise the most since 1980 as economic growth leads to higher-than-expected use in Brazil, India, China and the U.S., the International Energy Agency said.
It is an unfortunate truth about human history that social systems, no matter how unjust, tend to reproduce themselves and that change emerges only from crises.
People complain now about gasoline at $3 per gallon. After Hubbert’s Peak, $7 per gallon will seem cheap.