Taking a peak
Concern over world’s oil supply fuels discussion over alternatives, technology
Concern over world’s oil supply fuels discussion over alternatives, technology
World supply is so precious that more price spikes are inevitable …”The first message American consumers need to hear,” says A. G. Edwards’s O’Grady, “[is] if you think the price of oil and gasoline has been volatile, you ain’t seen nothin’ yet.” (Excellent article)
An investigation team reports that gas hydrates could become a source of natural gas within a few years
Scania, the Swedish truck manufacturer, recently made a presentation at the Tokyo Motor Show. It includes the Peak Oil prediction from ASPO, and talks about the need to reduce fuel consumption and look at biofuels.
Russia said Friday it had ordered the construction of an oil pipeline from its huge Siberian oilfields to the Pacific Ocean opposite Japan, in a move to boost export opportunities throughout East Asia and to the United States.
Heinberg speaks on Peak Oil and other threats to industrial society, the universal ecological dilemma, and coordinated and cooperative responses to our predicament. (2-hour audio)
Global economic forecasters tend to be upbeat. But not this year…The biggest global economic uncertainty is the price of oil.
Chinese demand for the Alberta oil sands — the second largest reserve of crude on the planet — puts the United States in the difficult position of balancing its commitment to open markets with its desire for secure supplies of energy, says Alberta’s new envoy to Washington.
There is no reason why Hopi cannot generate all of its energy needs while producing power for off-reservation consumer markets. Indeed, that is our goal for the coming decade; to create an energy-based economy that will provide future generations of Hopi with jobs and opportunity.
So it appears that we may have reached an energy breather. Soft prices will be welcomed most graciously by those in denial of peak oil. Yet this will also give those of us who are aware a chance to prepare – perhaps our last chance before the roller coaster dives down the declining slope of production, carrying all in it.
Bonds posted by companies with federal oil and gas leases cover only a small fraction of the projected costs of plugging wells and restoring land once the fuel is extracted, leaving taxpayers with the potential for huge cleanup bills…
President Chavez said that Venezuela will offer China greater access to Venezuelan resources, such as oil, natural gas, and related products, in an effort to reduce Venezuelan dependency on the U.S. market.