Peak Oil Review – November, 12th, 2007
An executive summary of weekly news from a peak oil perspective, featuring:
– Production and Prices
– Economic Gloom
– Peak Oil and the Media
– IEA’s World Energy Outlook 2007
– Energy Briefs
An executive summary of weekly news from a peak oil perspective, featuring:
– Production and Prices
– Economic Gloom
– Peak Oil and the Media
– IEA’s World Energy Outlook 2007
– Energy Briefs
The “Big Five” international oil companies (IOCs) are spending less money on oil exploration in real terms despite a four-fold increase in operating cash flow since the early 1990s.
It’s as if, facing the firing squad of $100/barrel oil, some CEOs, oil ministers, and energy experts have decided to come clean. Still, in some boardrooms, at the U.S. Energy Information Administration, and at Cambridge Energy Research Associates, denial still rules. The last foxhole of the dead enders remains “increased recovery factors.”
Tempests, truckers and tribesmen – another week in the oil market
Brazil hopes huge oil discovery will propel it into big league
Opec under pressure as $100 barrel creates oil panic in the West
The views of the oil industry on Peak Oil are divided, ranging from a non-event to getting there fast. Here I try to give the opinions of oil company executives about Peak Oil and related issues.
Many inconvenient questions come tumbling out of the assertion that the Iraq War is about oil. …The simple fact is that if the Iraq War is really about oil (and I believe that it is), then this means that the current official story, namely, that a smooth, seamless transition to a post-oil economy is underway, is something that even the [Bush] administration itself does not believe.
After the CEO of Total (the French oil major) last week, two more CEOs of an oil major came out this Thursday to give stark warnings that mean that peak oil is happening right now. In addition, the chief economist of the International Energy Agency (the IEA) gave an extraordinarily pessimistic interview.
Most of South Africa’s cities experienced their growth during the course of the 20th century. In large part, our cities were structured through the lens of segregation and apartheid. The evolution of our cities is also intimately bound up with the prevalence of abundant cheap oil.
President Bush a peak oiler?
Oil: running out for good this time
Big Oil CEOs point to constraints on supply
Is Britain listening?
Peak oil at Philadelphia forum for officials
NYT: Rising demand for oil provokes new energy crisis
Plunge from the pump in Australia
Cost of oil threatens vulnerable economy
The empty threat Of $100 oil
Offshore discovery could make Brazil major oil exporter
Growing pains of a superpower
China seeks 30% increase in Saudi oil imports
How China is eating the world
Peak oil on BBC Newsnight
Peak Oil in the Aberdeen business press
£1 per litre petrol drives peak oil on ITV
Energy Crossroads wins first place at film festival
Reviews of A Crude Awakening