Insight and inspiration in turbulent times.
By way of clarification, the issue isn’t that the world is running out of oil, it will of course, but not for some time. The real issue is that the global production of oil is about to peak, after which we will move into a period of decline, this production decline will be permanent.
PRESIDENT HUGO Chavez has won a resounding victory in a referendum designed to topple him and the government of Venezuela—a government hated by the rich and powerful in both Caracas and Washington.
American leaders have good reason to worry about the price of oil. Oil price shocks can play a decisive role in ending a presidency, as in the cases of Presidents Jimmy Carter and George H. W. Bush.
China’s imports of crude oil in the first seven months rose nearly 40 percent from a year ago as the energy-hungry economy expanded at close to double-digit levels, state press reported.
OPEC first confirms then denies then confirms again that it is pumping at full capacity amid questions about Saudi Arabia’s reserves.
The American government officials and presidential candidates of both parties know all about Peak Oil and the fact that (UNDER ALL CIRCUMSTANCES) the American way of life (as we know it) is nearing its end.
Panicked by looming peak oil, the Bush administration jettisoned the Constitution and international law in a grab for the Middle East bonanza. They thought to control the region, but that is quite impossible.
A recession may be looming especially with the unprecedented rise in world oil prices, which have historically presaged every recession in America. Add to this fears that Saudi Arabian oil production may be peaking.
Oil giant Shell could be bracing itself for a takeover attempt, possibly from French rival Total, a report claims.
It is surprising that the media - left media included - has been relatively silent regarding Venezuela’s upcoming presidential recall referendum.
Foreign companies are rushing to win bids for development of a new oil field discovered in the southwestern province of Khuzestan with recoverable reserves of around three billion barrels.
While money creates dreams, only abundant energy gives humans the power to realize those dreams. …and the world is running out of “sweet”, cheap oil.
