Insight and inspiration in turbulent times.
The water shortage across eastern Australia is now so acute it has begun to affect power supplies, and the country is at risk of electricity shortages next year.
“I think we are in denial, and are going to have brownouts in NSW if we don’t get snow this winter,” a source within the electricity market said.
The downside consequences [of a large reduction in oil supplies] are possibly civilization-wrecking, while the benefits of the upside can be broadly characterized as nothing more than allowing business as usual to proceed.
The peak in U.S. oil production has already produced some very profound changes in our world.
An executive summary of weekly news from a peak oil perspective.
We now have two authoritative studies reaching largely consistent conclusions with devastating implications for the global economy.
Gas prices: Worse than ’81 oil shock
Senate hearings on oil and gas: We may have a problem
Asphalt prices pave way for higher costs
Detroit News: Raise gas tax by $1 to reduce oil appetite
Letter to Science: When the oil supply runs out
Variety reviews The 11th Hour
Interview with maker of Crude – the incredible journey of oil
New PO newsletter from NL: Oilwatch Monthly
ODAC News
Author Greg Pahl: Peak oil will force changes
We do not have to discuss or doubt the established historic rise in temperature, but we have to discuss and doubt the future temperature increases that the IPCC scenarios project and the fossil resources that IPCC assumes in its prognoses.
The only way to change Australia is to change the USA
Australian coal industry:
Tough decisions to ensure a low-carbon world
Arnie terminates BHP project
Robert Baer: Who is stealing Iraq’s oil?
Saboteurs have upper hand in an endless war, says Iraq’s oil minister
Ahmadinejad’s answer to Iran’s petrol consumption
Untapped: The Scramble for Africa’s Oil
What Stern got wrong (ignoring peak oil)
Tool for understanding gas prices: This Week in Petroleum
Exxon’s risk-averse stock-buyback strategy is the new profit model
Peak oil now? New data leads to speculation
Using a correct interpretation of PetroChina’s reserves numbers, Sandrea’s production model provides ballpark estimates that moderate the hyperbole accompanying the Jidong discovery. Think of it this way: suppose you are doing your laundry and you find a $20 bill in your pants pocket. Even if you are thousands of dollars in debt, how would this lucky find make you feel? At that moment, you would feel good!
