Oil will peak’ this decade
According to Dr. Jason Bradford, Ph.D., oil prices at over $50 a barrel reflect the “peak” in oil extraction predicted to occur in this decade. In short, he says, demand will soon exceed supply.
Fossil Fuels
The Countdown for the Peak of Oil Production has Begun – but what are the Views of the Most Important International Energy Agenc
While peak oil has hit the mainstream news, government planning bodies still depend on the “optimistic” forecasts of the international energy agencies. This paper documents these agencies’ past failures and carefully dismantles their research methods, revealing that the world’s governments are acting on false assumptions, blindly moving towards an energy crisis without precedent.
CNN breaks rank with other Television News Outlets linking High Oil Prices
In its October 13, 2004 story ‘Pump Pain
Politics,’ CNN Headline News and CNN Financial News have broken rank with
mainstream television news by addressing the real geological driver behind
rising oil and gas prices.
Book Review: Crossing The Rubicon
Ruppert masterfully presents the genesis of September 11th and moves the reader through the early years regarding high expectations for massive oil sources, exposing what’s known as “peak oil” production and into the future.
Japan-Power Aiming at Early Use of Fuel Cells for Power Generation
Japan’s Electric Power Development Co. aims to soon commercialize a new electric power generation system that combines fuel cells and coal-fired thermal power, President Yoshihiko Nakagaki said Thursday.
Britain’s shrinking oil and gas supplies
Higher oil prices mean more cash to British-based oil companies and extra tax for the exchequer. But as domestic supplies run dry the future will bring increased import bills for crude, petroleum products and gas, which is also running out.
Airlines expect to take big hit from oil prices
Investors know jet-fuel prices are killing airlines’ profits, but they will soon get an up-close view of the damage when major carriers begin reporting third-quarter earnings.
Plastics hit by oil price hikes, supply shortfalls
If you believe some experts who say that oil production has either peaked now or will do within 10 years, we could soon be facing massive increases in the price of crude oil. And the knock-on effects would flow on to plastics and many chemicals.
OPEC: Oil will rise until Nov.
Cartel’s president says strong demand will cause prices to climb through the end of the month.
G8 nations to consider sanctions against Iran
The U.S. administration will take up strategy for United Nations sanctions against Iran at a meeting tomorrow of senior officials from eight nations.
The Fossil Fuel Party Is Over
Like a tragedy, the crisis we face is set to inexorably unfold. It is a denouement that is likely to herald the end of modern industrial civilization as we know it, which is perhaps why, as environmentalist George Monbiot says, we collectively choose to deny that it is taking place.
U.S. trade gap ballooned in August
Oil imports help push deficit to 2nd-highest level on record.
