General Motors CEO: oil has peaked
The world’s biggest car maker, General Motors, believes the global oil supply has peaked and a switch to electric cars is inevitable.
Fossil Fuels
Carpooling: A way to meet friends, influence people
Simple, small actions can be amplified. I quietly asked Bob Steinbach (at the Yellow Springs peak oil conference) if he was going my way and could give me a ride, and the next day he used the exchange to exhort a room full of hundreds of people to ask strangers for rides or give rides to strangers.
Peak oil – Jan 10
Orlov and Kunstler interviewed
Reuters on peak oil
Matthew Simmons: Another nail in the coffin of the case against peak oil
Peak oil and the financial markets: A forecast for 2008
Most financial forecasts do not recognize the systematic bias that is now entering the financial system, because of limited oil supply. They also do not recognize the risk that comes from the interconnectedness of the system, that is now increasing because food is being used for fuel, and securities are more complex.
Peak oil confusion
If antagonistic commentators actually understood what they were talking about, it might help focus the debate about the liquid fuels problem facing large oil consumers now and in the future.
Peak oil – Jan 8
US News & World Report spotlights The Oil Drum
Richard Heinberg radio interview
Al Jazeera on peak oil: ice-skating in the desert
The Star on Post Carbon Toronto
ASPO-Australia call for petrol rationing
Howstuffworks improves peak oil coverage
Peak oil and the Australian army
Yergin: $100 oil ‘tells a lot of what’s going on in the world’
The peak oil debate and oil companies
Instead of wasting time on who did what and why, we should concentrate our efforts on contributing to better understanding of future realities. We should move from controversy to acceptable consensus, from confrontation to cooperation, and from secrecy to transparency.
A quantitative assessment of future net oil exports by the top five net oil exporters
What really matters to oil-importing countries is world net oil export capacity, and we are deeply concerned that the top five net oil exporting countries, Saudi Arabia, Russia, Norway, Iran and the UAE (United Arab Emirates), collectively accounting for about half of current world net oil exports, in aggregate are going to show an ongoing decline in net oil exports, continuing an aggregate net export decline that began in 2006.
The Year in Review
The most interesting aspect of oil’s 57 percent price increase in 2007 is that it was caused by supply, demand, some speculation and a weakening dollar for there was no new oil-related geopolitical crisis nor a production-damaging natural catastrophe all year.
Oil price touches $100 a barrel; signal of pending oil shortages ignored
The price for West Texas Intermediate (WTI) oil touched $100 on January 2, 2008, a new milestone. Oil price has been giving a very clear signal of pending shortage for over five years now, and in breaching the symbolic $100 a barrel mark, continues to do so. Those driving the world economy have steadfastly ignored this red warning light.
$100 oil – What, me worry?
Soothing words from The Economist, Wall Street Journal, Financial Post, New York Times, China Daily and the Financial Times.
China – Jan 4
China looks to coal bed methane
Chinese shrug off $100 oil
Mao’s home province goes green
Neighbors wary of China’s Three Gorges dam
