Oil price surge defies forecasters
As crude-oil futures climbed above $51 a barrel this week, analysts threw up their hands and wondered why.
Fossil Fuels
World market could be hurt as severe coal shortage worsens in China
China’s breakneck economic growth is causing a dangerous shortage of its most important energy source coal, with potential consequences for the entire world, state media warned.
Is the US Economy Really Less Vulnerable to Oil Prices?
The energy-to-GDP ratio is a convenient catch-all for measuring energy usage. But as is the case with many aggregate measures of economic performance, the cost of simplicity is high.
Filmmaker says rude awakening about oil is coming
Canadian filmmaker Greg Greene has oil depletion on his mind and has made it his mission to spread the news of something that he and others think may be the biggest and most under-reported story around.
OPEC Member Burdened by High Oil Prices
What’s good for OPEC is no longer good for one of its smallest members and its only representative from Asia. While most oil ministers, from Saudi Arabia to Venezuela to Libya, say high prices are here to stay, one oil minister may be trying to talk prices down.
The Good Oil
Is the world running out of oil, and if so what does it mean? Meet Kenneth S. Deffeyes, author of Hubbert’s Peak, and Peter R. Odell, author of Why Carbon Fuels Will Dominate the 21st Century’s Global Energy Economy.
Oil Firms Insist They Are Winning Reserves Battle
“From the shift away from exploration spending and toward development spending you can see that the supermajors in particular are focusing on getting their returns from what they have got already, rather than going out and finding more,” said IHS Energy’s Chew.
US: Legislative Forum on Peak Oil and Its Consequences
Representative Ellen Story of Amherst is hosting an informational
session on Peak Oil and its consequences in Boston on Tuesday. The purpose
of the session is to inform Massachusetts’ legislators, staff, and the public
about the implications of the imminent decline in global petroleum production.
A letter from oil exploration insider
A letter to Urbansurvival.com that debunks two of the favouite myths of peak oil sceptics: that oil discovery will or can increase, and that higher prices will ‘find’ or make exploitable ‘new’ oil.
Washington’s Interest in Ukraine: Democracy or Energy Geopolitics?
The results of the third round of elections in Ukraine in which Viktor Yushchenko has just been proclaimed the final winner, far from being grounds for jubilation in Ukraine and beyond, ought to give concern for the future of Ukraine to many. The story has major implications for the dollar, oil and gold.
Will LNG Save America’s Oil-Addicted Economy?
Later this year, Americans will likely hear the acronym LNG and see new tankers carrying LNG sailing into some U.S. ports. LNG is intended to save the heart and core of American civilization — to save our automotive civilization from possible rust and decay, and the Republicans from political decline.
Running into a ‘BRIC wall’ with Eurasia?
In response to the bold moves by the Bush Administration to move its NATO and direct US military presence into the vital energy choke points of Eurasia, the major Eurasian powers are taking definite steps aimed at self-survival in energy, even military defense. (Considers Peak Oil.)
