Insight and inspiration in turbulent times.
A group of former national security officials on Monday took up the cause of weaning U.S. drivers from their oil addiction — normally the realm of environmental groups — and asked the Bush administration to spend $1 billion on lighter, more fuel-efficient automobiles.
The interesting question about the advent of $50-a-barrel oil is whether it signals a new era in the economics and politics of energy.
An independent study has modeled various scenarios to project possible dates of global oil peak. The modelers used data from both the USGS and ASPO to reach their conclusion that ‘the answer to the question, “how much longer can we increase oil production?”, seems to be probably not much more than 30 years, and perhaps less than five.’
If Geo-Green ideas are unchallenged, we will watch tragedy unfold as unsustainable proposals continue to be written as energy policy in Washington D.C., with billions spent on blind industry wish fulfillment.
While Congress debates whether to allow oil and gas drilling in Alaska’s Arctic National Wildlife Refuge, a similar battle with much higher stakes is under way in northwest Canada.
The imminent demise of the global petroleum industry will necessarily entail a complete redesign of industrial societies.
China, possessing the second-biggest currency reserves in the world, will have no difficulty in paying for strategic stocks of crude oil later this year despite the high cost of energy, analysts said.
Peak oil means that we are entering into a reality far different and much more threatening than the one to which we are accustomed.
India’s ties with Saudi Arabia are set to scale new heights through enhanced bilateral investments and intensified energy cooperation between New Delhi and Riyadh, the Petroleum Minister, Mr Mani Shankar Aiyar has said.
Yemen’s economy could survive without policy adjustments in the short term but falling oil production means the government would have to make economic corrections further down the road, the International Monetary Fund said yesterday.
The interesting question about the advent of $50-a-barrel oil is whether it signals a new era in the economics and politics of energy. To sharpen the question: have we entered a period when, owing to consistently strong demand and chronically scarce supplies, prices have moved permanently higher?
Marine sediments in the northern Gulf of Mexico are likely too warm and salty to hold the amount of methane gas hydrates – a potential energy resource – originally thought to exist in the ocean floor there.
