Oil find opens door to a less dependent Cuba
On Christmas Day, Cuban President Fidel Castro in the Gulf of Mexico in an area controlled by Cuba. Castro disclosed that the Canadian companies had discovered estimated reserves of 100 million barrels.
On Christmas Day, Cuban President Fidel Castro in the Gulf of Mexico in an area controlled by Cuba. Castro disclosed that the Canadian companies had discovered estimated reserves of 100 million barrels.
Ultimately, says Deffeyes, we may just have to resign ourselves to relying more on coal, wind, and nuclear fission for Âelectricity and switching to high-efficiency diesel and hybrid automobiles in order to ration our remaining oil reserves for as long as possible. Abundant energy from fossil fuels was a one-time gift, Deffeyes concludes, that lifted humanity up from subsistence agriculture and has led to a future based on renewable resources
The world economy has gotten fairly comfortable with oil at $45 a barrel. But how will it react to paying $100 a barrel three years from now? Or $150 in five years?
Seventeen organizations–chemical companies as well as environmental and conservation groups–fired off a letter to Congress last week urging a new energy policy to solve the nation’s natural gas crisis.
China continues its attempt to become a major global oil producer. Having mishandled and prematurely depleted the reserves within its own borders, it has embarked on a strategy of global acquisitions.
This new dangerous third world war is all on trade and energy resources. No country in the world can survive without viable and reliable source of energy without going back to cave ages.
January’s ASPO bulletin contains some of the month’s most important stories and includes a country assessment of Kazakhstan and details of the next ASPO conference to be held in Portugal.
Peak Oil in three paragraphs.
India has entered into an agreement with Iran to import 7.5 million tonnes per annum of liquefied natural gas (LNG), starting 2009, over a period of 25 years.
China, the world’s second-biggest oil consumer after the U.S., plans to start filling a government- controlled strategic oil reserve next year, a Chinese official said.
The prospect of Chinese and Indian oil companies buying oil and gas-producing assets in the US and Russia is changing the landscape in which the western oil majors operate.
An impending crisis that could have a detrimental impact on the oil and gas infrastructure and fishing industry in the United States is leading scientists to investigate how to stop rapid deterioration and to start restoring marsh land in Louisiana’s southern coastal wetlands-which are losing a piece of land the size of a football field every 35 minutes.