Insight and inspiration in turbulent times.
In October, International Truck & Engine Corp. announced plans to help build diesel-electric hybrid industrial trucks that consume 40 percent to 60 percent less fuel and release fewer toxic emissions. The upward movement of oil prices at the pump can be explained by a theory called Hubbert’s Peak.
The reality is, that for all the paper wealth being generated by the so-called knowledge-based economy, Canada’s entire post-industrial economy still floats on an ‘old economy’ pool of oil and gas.
The momentous challenge facing the Bush Administration and America is the very real danger to the continuing supply of America’s very lifeblood: oil.
Canada’s known natural gas reserves continue to decline even though a record number of wells were drilled in 2003, the energy industry announced Thursday.
Aware of Iran’s dependence on India to market its gas, New Delhi is dragging its feet even as Tehran pumped up the gas on the proposed Iran-India pipeline traversing through Pakistan.
India and Iran have failed to seal a LNG-for-oil field deal with Tehran offering a “very high” price for the five million tonnes LNG it plans to sell to New Delhi.
A useful clarification of the strengths and limitations of Hubberts model of oil depletion, with concise references to flaws of ‘cornucopian’ arguments.
China, Japan and South Korea are mounting a new combined challenge to the “Asian premium”, long a scourge of regional oil-importing economies.
Though oil prices have retreated from their record highs of October, a terrorist attack on oil installations in Saudi Arabia could send them soaring to new heights, according to a leading industry analyst.
Colin Campbell believes that over the next 12 months the world will probably reach its peak of supply.
Despite its geographic proximity, China for the past century played only a marginal role in Central Asia. Economically, politically and culturally, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan were firmly in Russia’s orbit. But independence in 1991 brought changes, among them the opening of the “Bamboo Curtain” to the East.
The Olduvai ‘cliff’ event has been moved closer to the present by four years: namely from 2012 previously to 2008 in the update.
