The Twilight Era of Petroleum

Several recent developments — persistently high gasoline prices, unprecedented warnings from the Secretary of Energy and the major oil companies, China’s brief pursuit of the American Unocal Corporation — suggest that we are just about to enter the Twilight Era of Petroleum, a time of chronic energy shortages and economic stagnation as well as recurring crisis and conflict.

Fossil Fuel Headlines – 8 August, 2005

The crystal ball, though murky, is not empty / A half-truth is still a lie / Transcript of Matt Simmons online interview / US targets oil in Africa / Pemex spending on exploration rising, but infrastructure probs catching up / Kerr-McGee to exit North Sea / Howard seizes Northern Territory uranium / Why America Is More Dependent Than Ever on Saudi Arabia / Arab oil producers to increase production: OAPEC / Opec production level hits 26-year high / EU offering to back Iran as major oil route -France / Prices push out premium gasoline / Now anybody can bet on gas prices / Airlines add routes to where the oil is

Fossil Fuel Headlines – 2 August, 2005

ASPO August Newsletter / Oil Supplies and the “Infallible” Goddess of the Marketplace / Kuntsler on Yergin / Get ready for return of the bad ’70s / Malaysia: Cut air-conditioner usage / King Fahd of Saudi Arabia dies / Long-lived the kings / Appetite for destruction
Our voracious oil consumption corrupts mideast policy / Energy Bill Raises Fears About Pollution, Fraud, Critics Point to Perks for Industry / Democrats and the energy bill / Energy bill criticized as lacking new policy / An energy policy about half right

Where Is the Hirsch Report?

Here, then, is a significant report produced by an independent research company for the US Department of Energy, warning of a global problem of “unprecedented” proportions with economic, social, and political impacts that are likely to be extremely severe. The authors forecast “protracted economic hardship” for the United States and the rest of the world. It is a problem that deserves “immediate, serious attention.” Yet, half a year after release, discussion of the Hirsch report is conspicuously absent from the press and the halls of Congress. [updated version late 7/31]