Oil Fantasies
Energy economist Philip Verleger Jr. attributes the present price run-up to massive miscalculation. Oil companies and OPEC underestimated global demand, particularly from China.
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.
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.
‘The real point is not so much the exact date of peak but the statement that the First Half of the Oil Age, which was characterised by growing production, is about to be followed by the Second Half when oil production is set to decline along with all that depends upon it.’
This November, people from around the country will gather in Yellow Springs to hear nationally recognized speakers address the pressing issue of ‘Peak Oil’ and the benefits of small community and low-energy solutions.
Sharing oil reserves among Asian nations could be an option for countries in the region if crude prices stay high, Japanese Trade Minister Shoichi Nakagawa said on Tuesday as oil soared to a record above $50 a barrel.