Kicking the Big-Car Habit
The experts are calling for energy reforms. Why aren’t the politicians?
The experts are calling for energy reforms. Why aren’t the politicians?
Winning the Oil Endgame offers a strategy for ending US oil dependence, and is applicable worldwide. There are many analyses of the oil problem; This synthesis is the first roadmap of the oil solution — one led by business for profit.
THE spike in oil prices in recent months is stoking heated arguments between market players, who blame each other for the lack of production capacity that has been exposed by strong global demand.
China plans to establish a company that will raise as much as 100 billion yuan (12 billion dollars) to build the country’s strategic oil reserve infrastructure, state media reported.
Renewable and low-carbon energy are not just the long-term solutions to climate change. They are indispensable today if we are to cushion the British economy against volatile oil and gas prices and the impending peak in world oil production – not least the dwindling reserves in the North Sea.
Since about 1999 per capita world average oil consumption is increasing. This recovery, after a long decline through about 1980-2000, has strong implications for potential oil demand, and potential annual growth of world oil demand as we enter the period immediately preceding ‘Peak Oil’.
While sought-after commodities like oil can generate immense revenues for an exporting nation, they can also end up inflicting great damage on its economy and political culture.
Ties together the cash-rich oil multinationals, US VP Cheney’s Energy Task Force, and the drive to privatise Middle East oil reserves via a war for ‘freedom and democracy’.
No matter when that peak occurs, though, the indisputable fact is that a few generations of humans—particularly we Americans—will have squandered a geological resource that took several hundred million years to accumulate.
High prices are unlikely to erode India’s booming demand for oil and the country has stepped up negotiations with producer nations to secure its energy supplies, said oil minister Mani Shankar Aiyar.
Oil producers’ struggle to keep up with rampant global demand growth will only be won with access to oilfields now off-limits, Exxon Mobil chief executive Lee Raymond said yesterday.
IF THEY sound worried, it is because they are desperate. The multinational oil companies are rolling in cash but they have little to spend it on.