Insight and inspiration in turbulent times.
– Protests in Oman Spread
– The Price of Food is at the Heart of This Wave of Revolutions
– The Arab Democratic Revolt
– Gorbachev: The US Must Take Blame for Fanning Islamic Fundamentalism
– The destiny of this pageant lies in the Kingdom of Oil
– Saudi Arabia: A Brief Guide to its Politics and Problems
Only two years ago Chesapeake Energy Corp. president Aubrey McClendon was telling us about the limitless future of natural gas in North America. It is a good thing that McClendon, who still runs Chesapeake, isn’t taking his own advice these days.
– NYT: Regulation Lax as Gas Wells’ Tainted Water Hits Rivers
– NG industry tried to get “Gasland” doc disqualified from Oscars
– Lower second tier oil producers – Norway, Brazil, Iraq and Algeria
– How the U.S. may win the battery race
– New book from WebHubbleTelescope: “The Oil ConunDRUM”
– Libya celebrates as Gaddafi’s remote strongholds rise against him
– Building a new Libya
– Britain and Libya: “No line in the sand”
– The Vacuum After Qaddafi
– David Strahan: Oil price set to double if production is cut off
– NYT: A Tipping Point for Oil Prices
– Tverberg: WSJ, Financial Times Raise Issue of Oil Prices Causing Recession
Social, political, demographic, and other conditions in Libya are significantly different than in Egypt, Tunisia, Bahrain or elsewhere, so it is not surprising that the progress of the revolution has differed too.
What we have learned from past oil shocks (which few people outside the peak oil community have chosen to recognize) is pretty clear and simple – that the effect of oil on the economy, on individual lives, on the world as a whole is dramatically greater than can be expected by a direct arithmetical progression – that is, the effect of oil on whole systems is something like a geometric progression, increasing in complexity and impact well beyond what one would intuitively expect.
Libyan dictator Muammar Gaddafi’s threat to fight to the death rather than cede power set off a rising tide of violence this week which has seen hundreds, maybe thousands killed. The future of the regime and the country still hangs in the balance. The growing chaos has also spread to Libya’s oil industry as companies shut down production and foreign workers flee.
Investigative journalist and author Greg Palast says the era of cheap fuel is over. Now energy companies are scouring the globe for oil, often extracting resources in more expensive and more environmentally sensitive conditions.
As much as a quarter of Libyan oil output has been shut down, Reuters calculations showed on Wednesday, as unrest prompted oil companies to warn of production cuts in Africa’s third-largest producer.
A midweek roundup of peak oil news, including:
-Developments this week
-Saudi ruler offers $36bn to stave off uprising amid warning oil price could double
-Political unrest casts a shadow over Desertec energy project
-All eyes on Bahrain as Gulf tremors frighten oil markets
-Iran’s ‘silent’ protests
