Politicians on peak oil – May 17
Queensland Sustainability Minister Andrew McNamara
Andy Welti (Minnesota House)
Connecticut State Rep. Terry Backer
Fossil Fuels
Prices & supplies – May 17
UK BERR projects oil at $70 in 2020
Some see oil bubble; others see trouble
Refiners see profits sink as consumption falls
LA Times: Keep stockpiling oil
Climate – May 16
World’s wildlife and environment already hit by climate change
Greenhouse gases highest for 800,000 years
Basalt – a climate change solution?
Climate-change litigation is heating up
Prices – May 16
Chavez says U.S. attack would cause $500 oil
Don’t hope for prices to drop, says API economist
Libertarian: Why oil prices will fall again
Who really controls the oil market? Not Saudis or OPEC, says Arab News
Naimi blames oil price on financial turmoil
Shell: Crude shortfalls will boost renewables
Peak oil – May 16
Heinberg: Oil and politics
National Geographic: World oil demand surging as supplies approach limits
19th century whaling as a model for oil depletion
More geological analysis of potential Saudi depletion
Homer-Dixon on PO and climate
ODAC newsletter – May 16
A digest of news and commentary from a UK peak oil perspective.
Supplies – May 15
No plans to cut crude exports: Iran official
Money motivates Iran to consider output cut
Oil’s murky math (lack of good data)
High oil prices rekindle oil production in Mo.
The peak oil crisis: diesel
The evidence is mounting that the U.S. might just encounter the first real crisis of the oil depletion age before the year is out. The crisis at first will be one of spiraling prices for diesel and heating oil, followed by actual shortages here in the United States.
Prices – May 15
Oil industry costs continue steep rise: CERA
ConocoPhillips: High oil prices not “a friend”
Emerging markets ‘to keep oil prices high’
Fund manager: Oil could reach $200
Fuel subsidies part of the problem?
Supplies and prices – May 14
Iran report pushes oil to new record, gas jumps above $3.73
Iran ‘reviewing’ crude output cut
Senate votes to halt strategic oil stockpiling
‘Congress should not tamper with the SPR’
Senators threaten Saudi arms deal over oil prices
Problems – May 14
Floods in Australia coal-mine raise costs of cars, planes, washers
Gas ‘chimneys’ sweep BP clean coal plan away
New wave of nuclear plants faces high costs
The Age of Aquarius
Prices may fall later this year, but will not likely dip below the $110/barrel floor price. It is actually more likely that the price will continue to rise this year, as Goldman Sachs believes, because 1) stuff happens, e.g. deepwater project delays, project cost inflation, blown-up pipelines, and 2) we are now living in Flatland.
