The peak oil crisis: parsing the numbers

The world demand for oil, while down by a million or two barrels per day seems to be holding up pretty well. If there is obvious conclusion from the $100+ drop in oil prices during the last six months, it is that world oil prices have become highly sensitive to over-supply and shortages.

Peak oil – what do we do now?

We’ve now in a period of major human disorientation, but geology does not become disoriented on the human timescale. The impending peak oil problem may now be generally absent from the media and the public consciousness, but it has not gone away. We would do well to continue meaningful studies of peak oil production and mitigation during this period of peak oil quiet.

President’s Day

I like to think that Mr. Obama really does know what’s up — that “change” means we have to live a lot differently, not mount a campaign to sustain the unsustainable. I suspect that President Obama has learned over the last several weeks that the nation’s banking system and economy — indeed, the whole world’s — are in way worse shape than anyone imagined before January 20.