Gas goes up; thinking cap goes on
Lifestyle changes — including how we drive, where we shop and how we invest — can ease the squeeze as the world’s oil supply shrinks
Consumption & Demand
The oil supply tsunami alert
The oil market is vibrating and crude oil prices are bobbing up and down like a float on the water. Around the world experts make analysis and try to explain why. The fact that the price of crude oil is approaching $60 per barrel and the production costs for the same barrel fluctuates between $1 and $10 shows that common economical theories are not valid any longer, something new is in the air and the question is how to interpret today’s vibrations.
Earth Day reality check: Depaver Jan’s petroleum tour
We are all on this Petroleum Tour in most ways, every day of our lives. We are oblivious that our daily support system of petroleum props up our lifestyles and survival — or we pretend otherwise.
Come on in, the quicksand’s fine.
A more obvious example of the Quicksand Effect is the present method of garnering oil by force of arms. This policy burns huge amounts of precious oil, sinking us deeper and ever more rapidly. Why is the US behaving like a dinosaur stuck in a tar pit? The harder we try, the more we sink. The faster we run, the more distant our goal
Are we re-entering the dark ages?
Worldwide, populations are suffering from poor levels of energy investment and ageing power plants. The research calculates that about $12.7 trillion (£6.7tn) of investment, greater than the entire US annual economic output, is understood to be needed globally to meet an expected doubling in electricity consumption through 2030.
High oil prices appear to be curbing demand
According to the IEA, high prices appear to be stemming global oil demand, a view not shared by Opec.
Heading For Peak: Skrebowski’s Oilfield Megaprojects Update
For Global Public Media, Chris Skrebowski, author of the important Oilfields Megaprojects Report for the UK Petroleum Review, explains to Julian Darley why 2005 will be a critical year for global oil.
From Cleopatra to Columbia
Our world is so dominated by machines and motors (fifty in a typical home) that it’s easy to forget that most of human history has been powered by muscle.
Even Stephen Roach Has It Wrong
In his latest commentary, Morgan Stanley’s Stephen Roach, perhaps the only Wall Street economist who at least partially comprehends the looming economic danger, once again lamented that a “co-dependent global economy can’t live without the excess consumption of Americans.”
IEA warns against possible acute oil shortage
The International Energy Agency (IEA) has come to the conclusion that the world economy is facing a serious threat of acute oil shortage.
Why Our Food is So Dependent on Oil
Excellent review of the current cheap-oil-energy and material intensity of UK food production and makes a good case for relocalisation as integral to improving the situation.
Goldman Sachs: Oil Could Spike to $105
Oil markets have entered a “super-spike” period that could see 1970’s-style price surges as high as $105 a barrel, investment bank Goldman Sachs said in a research report.
