Goodbye To All That Oil
The peak oil idea – which says that world oil production will go into irreversible decline sometime in the next decade or two – is quickly morphing into conventional wisdom.
The peak oil idea – which says that world oil production will go into irreversible decline sometime in the next decade or two – is quickly morphing into conventional wisdom.
A conference will be held in Edinburgh April 25 to discuss the impending peak then decline in global oil production and its implications for the UK.
A widely reported briefing by US investment house Goldman Sachs alerted markets to the possibility of an oil price superspike – a spike as high as $105 per barrel.Yet the full report, obtained by Aljazeera.net, paints a more complex and volatile picture.
Congress begins work Tuesday on a bill to boost production and conservation.
A bad program with serious design flaws is threatening to crash the whole energy system. Do we choose to fix it or not?
During the debate about the 5c-a-litre rise in petrol excise, politicians and commentators have suggested deferring the increase until oil prices stabilise at lower levels. No one, however, has been able to offer a valid reason why prices should come down.
Green groups warn against moving methane hydrates from beneath seabed
Jorge Figueiredo argues that Peak Oil will exacerbate a crisis in capitalism, and the as yet unwritten result could either be fascistic or ‘revolutionary’.
The price of regular gasoline has passed the $1 mark in a large Canadian city, apparently for the first time.
The International Energy Agency (IEA) has come to the conclusion that the world economy is facing a serious threat of acute oil shortage.
[UPDATE APR 9 – new date for next speech] On the 14th March Republican Congressman Roscoe Bartlett made a presentation on Peak Oil to the US Congress. Online video of the presentation and a text version with graphics are now available. Rep. Bartlett will be giving a second presentation on solutions in about a week.
National Grid Transco (NGT) yesterday took steps to strengthen Britain’s fragile energy supply situation by unveiling plans to spend £355m in tripling the capacity of the country’s first new liquefied natural gas (LNG) terminal.