Experts highlight oil supply problems
A conference on oil supply difficulties just held in Edinburgh, Scotland, witnessed a lively a debate about supply and demand in energy markets.
A conference on oil supply difficulties just held in Edinburgh, Scotland, witnessed a lively a debate about supply and demand in energy markets.
At the recent “Peak Oil UK” conference in Edinburgh, Scotland, one attendee stood out from the usual peak oil crowd: Nick Griffin, chairman of the far-right British National Party.
Hitting all the points in a noted GOP pollster’s playbook, the President’s plan is driven by politics not policy. Worse, it won’t cut oil dependency.
Megan Quinn is the Outreach Director of Community Service, Inc. Community Service is a non-profit organization founded in 1940 that has advocated for small, local communities as the most fulfilling, healthy way to live. Its lastest program, The Community Solution, seeks to bring about the re-emergence of the small community and a more agrarian, low energy-use way of life, as the solution for “Peak Oil.”
Can the world’s new oil projects match demand? Richard Heinberg comments on Skrebowski’s latest Oilfields Megaprojects Report and its implications for local and global security (or lack of it) and discusses the need for relocalization.
There were two possibly significant energy events yesterday, Crown Prince Abdullah’s trip to Texas, and The Oil Depletion Conference in Scotland. Unfortunately it does not appear as though much that was new transpired at either.
…Mr. Groppe is not so much a fan of such history as a witness to it. He is 79, landed in the oil and petrochemicals industry in 1946 and became an oil consultant in 1955… That probably makes him the oldest active oil guru in the United States. The man knows a thing or two about oil production and prices and what he will tell you in his charming Texas drawl isn’t pretty: The “peak oil” theory is no theory, son — it’s happening.
For practically every minute of my life, I’ve been involved in coal. I grew up in a part of Western Kentucky that was then the biggest coal producing area in the country. When I was small, my home town held a “Strawberry Festival,” because the country produced a good part of the nation’s strawberries. By the time I was a teenager, the festival was renamed as the “Coal Festival.” Those strawberry fields were long gone.
Well before crude hits $100 a barrel, retail prices would soar, and stalled consumer spending will likely weigh down the economy (Special report on $100/barrel oil)
The oil market is vibrating and crude oil prices are bobbing up and down like a float on the water. Around the world experts make analysis and try to explain why. The fact that the price of crude oil is approaching $60 per barrel and the production costs for the same barrel fluctuates between $1 and $10 shows that common economical theories are not valid any longer, something new is in the air and the question is how to interpret today’s vibrations.
Low-key interviews with a petroleum geologist and an environmental editor. (Audio)
Lifestyle changes — including how we drive, where we shop and how we invest — can ease the squeeze as the world’s oil supply shrinks