Talk of oil decline moving into mainstream
Until about five months ago, Mel Hutto had never heard of “peak oil,” the belief that global oil production will decline and never return to the levels that have nourished American lifestyles.
Until about five months ago, Mel Hutto had never heard of “peak oil,” the belief that global oil production will decline and never return to the levels that have nourished American lifestyles.
Among the many prolific oil fields in the Middle East, the giant Ghawar field in Saudi Arabia stands out as the crown jewel.
ConocoPhillips’ decision to bow out of a lobbying group focused on opening up the Arctic National Wildlife Refuge to drilling means that two of the largest operators on Alaska’s North Slope are no longer actively advocating exploration in the refuge.
Long discussion of oil fundamentals, particularly the complexity & dynamics of markets, followed by superficial look at likelihood of production peak and potential of alternatives.
Clifford, 49, is an oil man, one in a growing stable of risk takers hunting new supplies of natural gas around Cook Inlet. They’re drawn by a big surge in gas prices, plus forecasts of a looming shortage for gas-addicted Southcentral Alaska.
When OPEC kingpin Saudi Arabia recently announced a production increase, there was scant mention the increase was mostly in the form of low quality crude rather than sweet.
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)