Insight and inspiration in turbulent times.
I’ve been promising to create a new target for the successor of the “Countdown to $100 oil” series, but I’m in a quandary as to what new target to select. So what are the factors driving oil prices in the near and medium term?
Text of letter from climate scientist James Hansen to Australian PM Kevin Rudd calling on Rudd to provide global leadership to to climate change by ordering a halt to the “construction of coal-fired power plants that do not capture and sequester the C02” they produce.
It’s high-time for climate activists to wake up and smell the coffee on peak oil. Peak oil problems are immediate and inimical to our ability to solve all the other problems we have — including climate.
WSJ: Saudi desert’s gas mirage?
Greenland thaw may replace dog sleds with oil drills
Natural gas rush in Pennsylvania
China faces diesel, gasoline shortages
Udall, Lovins and Shell v-p on peak oil
Russian oil output to fall for first time in a decade
Sharon Astyk: Dissecting the Long Emergency
Peak oil is here, enjoy
Colin Campbell and the crack of doom
We are witnessing the beginning of one of the great tragedies of history. The United States, in a misguided effort to reduce its oil insecurity by converting grain into fuel for cars, is generating global food insecurity on a scale never seen before.
Last year’s ‘bêtes noires’ were private equity funds. They had seen the light in terms of leverage and were using debt to fund major acquisitions, taking advantage of ridiculously low credit spreads and getting tax relief on their interest payments into the bargain. The Danish government’s corporation tax revenues fell by an estimated 12% when a consortium of private equity firms bought the Danish telecom operator, TDC for over Euros10bn. Too late, the Danish – and German – governments have introduced legislation to limit corporate tax relief on debt interest.
Kunstler has provided us with an incredibly well-written depiction of the demise of civilization and what that has already begun to mean and will mean for all of us and for future generations.
The obvious way to deal with the oncoming impact of peak oil is to find a way to produce more energy. as with so many obvious solutions, though, this one has a sting in its tail.
Oil hits $108 on pipeline blast
Seeking supply: Al Husseini interview
Hofmeister on Charlie Rose – ugly mood about energy prices?
ASPO hopes for a PO caucus in Mass.
Peak oil “Civil Defense Manual” for BC
Peak oil? Consider it solved
Mich. PO conference spkr deadline Mar 31
Signs of an economic meltdown are springing up all around us. The U.S. is almost certainly in a recession now, but the worst is yet to come.
Over the next year we’re going to learn a lot about global oil demand and prices.
