As prices hit the roof, oil wars will keep burning
Oil prices are back in the headlines and likely to stay there, as the world’s global energy crosses new thresholds of increased demand, clashing politics and threats of terrorism.
Youssef M. Ibrahim
Demand for unconventional oil and gas on the increase
Demand for unconventional oil is expected to reach 10.31 million bbl in 2008, up from 8.59 million barrels in 2003 at an average annual growth rate (AAGR) of 3.7%, said Business Communications Co. Inc., Norwalk, Conn.
The Coming Global Energy Crunch: A $2 gallon of gas is just the beginning.
Oil fuels 95 percent of all transportation and a significant portion of global food production. Industrial societies are dependent on a vast, steady flow of inexpensive petroleum for just about everything we make and do. Disrupt this flow, and modern society as we know it is inconceivable.
US: Biodiesel Boom Well-Timed
News item discussing expansion of biodiesel outlets & home-producers in USA, cost & running benefits.
Research funds for renewable energy must rise -IEA
PARIS – Governments must spend more on research and development of renewable energy before such secure and clean power can make a real contribution, the International Energy Agency (IEA) said on Monday.
Oil and grains soar, CRB nears record
Crude oil prices set a record high Tuesday on fears that top exporter Saudi Arabia was vulnerable to terror attacks while soaring grain prices also pushed commodity price indexes back toward multiyear highs.
Iraq and the Problem of Peak Oil
Today, much of the world is convinced the Bush Administration did not wage war against Iraq and Saddam Hussein because of threat from weapons of mass destruction, nor from terror dangers. Still a puzzle, however, is why Washington would risk so much in terms of relations with its allies and the entire world, to occupy Iraq. There is compelling evidence that oil and geopolitics lie at the heart of the still-hidden reasons for the military action in Iraq.
Is an oil peak upon the world?
Sharp increases in the price of oil preceded four of the last five recessions.
Africa’s oil pool proves tantalising for sharks
Off the West African coast, the sharks are circling the sleepy “chocolate islands” of Sao Tome and Principe, eager to bite off slices of billions of dollars of hoped-for oil revenues.
More Abiotic Oil
Matt Savinar of lifeaftertheoilcrash.net answers some questions about the theory of abiotic oil.
Putting Abiotic Oil In Perspective
Henry Kissinger once quipped, “University politics are vicious precisely because the stakes are so small.” While Kissinger has achieved a level of amorality not conceivable to most of us mere mortals, to my knowledge he has never been accused of being stupid. The recent debate over Peak Oil has certainly been laced with plenty of bitterness, but in this case the stakes are incredibly high. The reality, or lack thereof, of imminent Peak Oil directly affects nearly every person currently drawing breath on this planet.
China’s growing appetite for oil
The country’s oil consumption has doubled in the past decade, and China last year surpassed Japan as the world’s second-largest user of petroleum — consuming about 6 million barrels a day.
