What Happens Once The Oil Runs Out?
The controversy over the Arctic National Wildlife Refuge is a side issue. The problem we need to face is the impending world oil shortage. (NY Times Op-Ed!)
The controversy over the Arctic National Wildlife Refuge is a side issue. The problem we need to face is the impending world oil shortage. (NY Times Op-Ed!)
The circumstances of the Long Emergency will require us to downscale and re-scale virtually everything we do and how we do it, from the kind of communities we physically inhabit to the way we grow our food to the way we work and trade the products of our work.
The International Energy Agency is to propose drastic cutbacks in car use to halt continuing oil-supply problems. Those cutbacks include anything from car-pooling to outright police-enforced driving bans for citizens.
Links to background report and presentations from March 7 & 8 IEA workshop on oil demand management, in case of ‘supply interruption’. Note title of 1st session: ‘Saving Oil in a Hurry: Rapid measures for demand restraint’.
When it comes to dealing with the many energy-related crises we’re facing, can the Bushies really go on pretending that their policies are any more forward-looking than a rerun of That ’70s Show
An up to date and information rich introduction to Peak Oil.
“America’s has its hand in the coconut.”
In the space of a couple of hours last week, crude oil prices hit a record $56 a barrel…The converging events drew attention to what administration officials call a temporary global energy crunch. Bigger worries also are bubbling to the surface — fears of a day of reckoning over world oil reserves.
I asked Joe Terranova, director of trading for MBF Clearing Corp., why oil keeps going up and up. “Simple, the cat is out of the bag!” according to Joe. “Traders now recognize, for the first time since oil futures have traded, that there truly exists a demand to supply problem.”
Abdullah al-Saif, Aramco’s senior vice president for exploration and production, was quoted in the March 14 edition of the Daily Star about future oil production projects in Saudi Arabia. Let us take a look at the projects he named in more detail.
When demand for energy exceeds what the world can supply, everything will begin unwinding, sending us back to local communities – or perpetual war
Oil prices that have hovered around record highs for weeks are likely to continue to be high for another two years because of rising demand and supply constraints, the head of the International Monetary Fund said Saturday.