New Flash Animation on Peak Oil
PowerSwitch.org.uk has just released a Flash presentation introducing oil depletion.
PowerSwitch.org.uk has just released a Flash presentation introducing oil depletion.
Proposal by oil analyst Matthew Simmons to improve the transparency of oil field production and reserves: “Estimating future supplies and Peak Oil will be achievable based on factual data.” (Slide presentation)
Crude oil futures fell after a US Energy Department report showed rising imports boosted inventories by three times the amount analysts forecast. But “it would be very dangerous not to keep filling the reserve,” said Kjell Aleklett, president of Uppsala, Sweden-based Association for the Study of Peak Oil & Gas, an energy researcher.
“All this comes at a time when we are entering the age of peak oil and the onset of global warming, a moment in history that would require a firm, fair and judicious hand to bring us through a difficult transition. Instead we will have the most extreme, ruthless and irresponsible leadership to drive us into uncharted territory.”
What few people in America understand, despite the astute observations of millions of individuals around the world, is that we are living in an empire, and we are no longer living in a democracy. As citizens living in the belly of the beast, we must not only think about how to defeat the empire, but also how to merely survive living within it. In order to do so, one must understand the concept of Peak Oil.
In a few decades, many OPEC nations in the Middle East will have such large populations that they could end up consuming much or all of the energy they now export, suggests Matthew Simmons, an oil consultant in Houston.
In this issue, I will examine several of the reasons why the price of oil will not significantly pull back from today’s levels and is likely to reach the $80 mark within the next 24 months.
A key assumption held by New Zealand’s Ministry of Economic Development (MED) covering the period between 2000 to 2025 is that oil prices will rise from US$20/bbl in 2000 to US$25 a barrel by 2020 and remain constant thereafter.
A rather alarming theory about oil supplies — which had been discussed mostly among fringe economists and on quirky Internet Web sites — has recently received much broader attention.
The cost of a litre of milk could be about to get dearer, as dairy processors are hit by high world oil prices
Libya is “the central exploration and production buzz for 2005” among international oil companies looking for access to potentially giant oil and gas fields, said energy analyst Catherine Hunter in a report drafted for the World Markets Research Centre, part of the London-based Global Insight group of companies.
Canadian Natural Resources says high prices for steel, fuel and labour could boost the cost of the first phase of its Horizon oil sands project in northern Alberta by nearly 35 per cent — to $6.6-billion.