Peak oil – June 30

‘The real enemy is not peak oil, it’s resource nationalism’ (Not) / Greenhouse gases, ‘peak oil’ ruled out of order on offshore drilling legislation / Kunstler interviews / Gore on peak oil and climate change

Coal: The Other Fossil Fuel

“The Smoky City” was a major industrial center of the United States in the 20th century. During World War II, Pittsburgh produced more steel than all of Germany. The steel industry centered on the Three Rivers put Pittsburgh on the map, but the Bessemer process that made steel production economical also required a great deal of coal.

Big Money and Mother Nature

Sure, there is a lot of oil and gas left out there for the driller’s bit (if you can wait long enough for a delivery of drill bits). But the deposits that the extraction companies will encounter will be smaller, further afield, and more expensive to develop and produce. The Anadarko and Phelps Dodge plays certainly illustrate another point, one for which T. Boone Pickens is equally famous: that you can still “drill for reserves on Wall Street.”