Oil and geopolitics – Jan 8
– Exxon ‘loses’ Venezuela nationalisation case
– Western Oil Firms Remain as US Exits Iraq
– The US-Iran Economic War
– Japan to Express Concerns to U.S. Over Possible Iranian Oil Ban
– Exxon ‘loses’ Venezuela nationalisation case
– Western Oil Firms Remain as US Exits Iraq
– The US-Iran Economic War
– Japan to Express Concerns to U.S. Over Possible Iranian Oil Ban
This hefty book from a small publisher (and with an even smaller marketing budget) has sold over 10,000 copies, and its chapters have been downloaded over 20,000 times. It’s in classrooms at over 25 different colleges across the United States. People often ask what the story is behind the book. So here it is.
– Complete with Threats and Astroturf, Big Oil Preps for Election Year Push
– TV: I Vote 4 Energy (spoof of API ad)
– Canada: Climate Criminal
– Why is an oil stock owning Congress member pushing to end EV tax credits?
The New Year failed to ring in the customary changes this time round. The great economic hangover moves into its fourth year with many predicting that things will take a turn for the worse during 2012. Geopolitically, the standoff between the West and Iran escalated over the holiday, hoisting oil prices over $113/barrel once again.
Richard Heinberg joins James Howard Kunstler, Nicole Foss, Dmitri Orlov and Noam Chomsky in a panel discussion. Reviewer: "These extraordinary clearseers analyse precisely the catastrophic crises which — amongst many other things — are bringing on the steady, relentless collapse of the US empire."
(Transcript and audio)
-Canadian crude oil production to increase 3300% by 2100
-Burning Oil to Keep Cool: The Hidden Energy Crisis in Saudi Arabia (report)
-A perilous and crucial quest – video interview with Daniel Yergin
-Brazil, short of biofuel, can’t open spigot to US
The year ended with little change in the assessment for the prospects for global oil supplies. Despite all the hype concerning new oil finds and technological breakthroughs in oil production, these developments still are not contributing enough new oil to offset the annual decline of 3 million b/d from existing fields and the annual increase of circa 1 million b/d of new demand. The bottom line among those following this issue is that global oil production likely will start to decline in the next one to five years as depletion gets ahead of very-costly-to-produce new sources of “oil.”
A midweekly roundup of peak oil news, including:
-Developments this week
– NYT: Oil Price Would Skyrocket if Iran Closed the Strait of Hormuz
– RT: Crude Plan: Iran war & double recession? (video)
– Iran could be bluffing in the strait of Hormuz – but can US risk calling it?
In a peak oil world, no further growth is possible. If China grows, somewhere Western consumption must shrink. And “shrinking” isn’t pretty says Jeff Rubin. He’s the former CIBC markets Chief Economist, speaking at ASPO 2011 in D.C., along with oil market guru Charles Maxwell. “Economy Past Peak Oil” panel plus Radio Ecoshock interview with ASPO Italy founder Professor Ugo Bardi (author of “The Limits to Growth Revisited”) on peak oil versus climate change.
-Josh Fox, Director of Gasland, on the Lies of Hydrofracking
-What the Frack?
-Ohio earthquake was not a natural event, expert says
-Ohio Quake Spurs Action on 5 Wells, Won’t Stop Oil and Gas Work
-Fracking Rules Show Obama on ‘Wrong Track,’ Oil Group Says
– Goldman Sachs thinks we’re close to maximum oil pumping capacity
– Robert Rapier Soliciting Feedback for His Energy Book
– University of Alaska Fairbanks professor predicts spike in oil prices
– UK “Energy trends” bulletin available