Insight and inspiration in turbulent times.
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.
Oil imports help push deficit to 2nd-highest level on record.
Russian President Vladimir Putin is holding talks in Beijing on contentious plans for an oil pipeline.
Higher petroleum prices would hurt economic growth around the world next year, the International Energy Agency said.
With no viable plan for developing renewable energy, America will soon find itself pulled into an economic black hole as China, Japan and Europe build new economies based more on wind and solar power.
A new website SurvivingPeakOil.com has been launched with a collection of essays on practical responses to the Peak Oil crisis.
Signals are growing that oil’s price surge could push all the way to $70 a barrel, according to the technical analysts who forecast market trends by interpreting chart patterns.
A study of the organisms that “eat” about half the world’s reserves of oil provides another intriguing contribution to understanding of the extent of global resources.
The DVD The End of Suburbia “looks directly at the reality of resource depletion, encouraging us to face that squarely, while inspiring the viewer to imagine creative solutions.”
Brazil has been one of the countries where oil production has been constantly rising for the past 30 years. They are one of the countries taking up the slack for declines elsewhere. This field by field analysis of the biggest Brazilian deepwater fields, which is where most of the increase is coming from, shows that there is a limit to this growth in the not too distant future.
China will formally launch its strategic petroleum reserve program next year, as learned from related departments. An oil reserve base in Zhenhai, Zhejiang Province is now under construction, which will be able to hold more than 5 million cubic meters oil when its first-stage project is completed next year.
A union leader threatened Tuesday to extend a four-day nationwide strike in Nigeria that has helped push world oil prices to record highs.
