ODAC News – Apr 22

Australia’s drought – situation grim

British Gas sees billions in green

Peaking of world oil production: Recent forecasts

Gasoline price rises as supply falls

The Peak Oil Crisis: Have the Troubles Begun

China turns net coal importer

China: Half of natural gas imported by ’20

East Siberian-Pacific Ocean pipeline struggles

Russians get rid of weakening dollar

The looming oil crisis could arrive uncomfortably soon

Forecasts of peak oil production have ranged from Thanksgiving weekend 2005 to somewhere beyond 2050. But at the annual meeting of the American Association of Petroleum Geologists (AAPG) in Long Beach, California, early this month, the latest answer emerged: World oil production could stop growing as early as 2020–too soon to avoid a crisis–or it could hold off until 2040.