Insight and inspiration in turbulent times.
Coal currently looks like a solution to many of America’s fast-growing energy problems. However, this is a solution that, if applied on a broad scale, seems certain only to exacerbate the nation’s energy dilemma in the long run, as well as contributing to an impending global climate catastrophe. (Excerpts)
George Monbiot: Dear Saudi Arabia, only you can save the planet
ASPO Switzerland – first general assembly
Supply-demand imbalance boosts oil prices
South Africa: The end of oil is nigh
Japan blames speculators for oil hike
Saudi Aramco to spend $129 billion from 2009 to 2014
Asking Opec to solve the oil crisis misses the burning point
IEA says optimistic to think oil price will fall much
Oil Reserves: Where Ghawar goes, the rest of OPEC follows
Oil price “head fake”?
CSM: Has Russian oil output peaked?
David Strahan: What happens next?
Stopping oil’s assault (5 possible solutions)
Oil markets will ignore congressional machinations
Peak oil and off grid
An executive summary of weekly news from a US peak oil perspective, featuring:
– Production and Prices
– In the Congress
– Subsidies
– The IEA’s Forecast
– Energy Briefs
As Americans become more desperate for oil, I expect that ANWR and offshore areas will be opened for oil development. It will be like burning the furniture to keep the house warm in mid-January. It will be a desperate move that won’t result in much.
Crude oil rises a second day on Nigeria attack, Mexico output
Commodity prices soar,
but are they in a bubble?
George Soros: rocketing oil price is a bubble
Saudi Khursaniyah oilfield not pumping yet – Aramco
Oil’s surge causing major changes in US economy
What if gas cost $100 a gallon?
Oil prices in Australia
Oil revenue and sovereign wealth funds
Consequences of rising oil prices for producing countries
India oil firms weeks away from bankruptcy
Damage control
Dallas Morning News: The end of cheap oil?
Peak oil on Dutch television
Australian headlines: If only they’d read The Oil Drum
For many it comes as a shock that Big Oil has transformed into the ”five little brothers”. Today, the world’s seven largest oil companies are completely outside the control of the U.S. Senate.
Fuel prices rise nearly 30 percent
Angry protests
Cash to the poor to soften the blow
