Insight and inspiration in turbulent times.
Oil and gas account for the lion’s share of US energy consumption and are critical to transportation, home heating, and electricity generation. Soon we will have less of these fuels to go around, despite an expanding population and the constant demand for more energy to fuel economic growth.
The abiotic theory holds that oil is from inorganic origin, and that there must be nearly limitless pools of liquid primordial hydrocarbons at great depths on Earth. If the abiotic theory does eventually prove to be partially or wholly scientifically valid (a big “if”), it might have little or no practical consequence in terms of the imminent global oil production peak.
Energy economist Philip Verleger Jr. attributes the present price run-up to massive miscalculation. Oil companies and OPEC underestimated global demand, particularly from China.
Denmark aims to claim the North Pole and hunt for oil in high Arctic regions that may become more accessible because of global warming, the Science Ministry says.
Matt Savinar of the website www.lifeaftertheoilcrash.net has made his book, The Oil Age is Over available for free download between now and the US presidential elections.
Oil prices have climbed towards $52 on worries about supply problems in the Gulf of Mexico and low oil inventories.
West African oil holds great promise for companies in search of diverse sources. But it’s giving U.S. national security planners a new Gulf to worry about: the Gulf of Guinea.
Oil depletion figures highly in the approaching crisis, and it’s not something new or theoretical, but something society has been living with for decades, Heinberg said.
This month’s newsletter from the Association for the Study of Peak Oil and Gas feautures a country assessment of Turkey and a summary of the month’s most important news stories. Essential reading.
The idea that the world is about to hit some kind of oil crisis, on a grand and even cataclysmic scale, is not new. All very scary, except for the fact that the validity of any of this starts to fade on closer inspection.
U.S. oil production plunged to a 54-year low after Hurricane Ivan slashed through the Gulf of Mexico two weeks ago, sinking rigs, buckling pipelines and triggering underwater mudslides that sheared the legs off platforms.
Two articles alleging that the peak oil hypothesis is a myth propogated for Isreali zionist interests.
