Fossil Fuels

German group: “Peak oil is now”

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The current developments on the global oil markets confirm the core message of the study presented by the experts of the Energy Watch Group, a comprehensive analysis of empirical data regarding worldwide oil production. A temporary drop in prices changes nothing: The hope that the ostensible speculation bubble will burst is futile. It is highly probable that worldwide oil production has already reached its apex and will continue to fall back. “Peak Oil” is now. (Excerpts)

The oil crunch: Securing the UK’s energy future

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Declining availability of oil will hit the UK earlier than generally expected, with potentially devastating implications for the UK economy, according to a report from a UK industry taskforce. “We sought two opinions on oil-supply risk, one from an oil-industry expert known as a leading advocate of the early-peak scenario [Chris Skrebowski], and the second from Royal Dutch Shell, who we expected might advocate a more sanguine prognosis.” (Excerpts)

Bad Money and The Bottleneck: Is healthcare nationalization inevitable?

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The nationalization of healthcare is the most likely outcome of the phenomena of Bad Money and The Bottleneck. Other possibilities are a severe degradation of the healthcare system or its bifurcation on the basis of ability to pay, which will reflect an unstable democratic society and possibly contribute to civic unrest and conflict.

Peak oil – Oct 29

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Oil production predicted to decline within 5 years (new)
UK taskforce – peak oil will arrive much earlier than expected
Randy Udall: Peak oil and its effect on climate change
World is `drowning in oil’ (again) after drought