Fossil Fuels

Soaring oil prices have stirred a long-standing debate among experts about how much crude remains in the ground and how to manage the countdown to when the reserves run dry.

Richard Heinberg is more interested in how Americans respond to peak oil than the actual date. The implications are far more sweeping than simply paying another dollar a gallon at the pump.

Dr Baktiari is a chief adviser to the National Iranian Oil Company. He says world production of oil will peak by 2007 at 82 million barrels a day.

New Peak Oil related interviews on Global Public Media:
1) GPM Exclusive Audio Interview: Chris Skrebowski
2) Richard Heinberg on Financial Sense Newshour
3) Julian Darley with Paul Ehrlich on KPFA

The work of Campbell and Laherrere demonstrates that a number of large producers have reached their peak in production while even the Middle East production will soon peak.

The west should be embarking on a serious rather than cosmetic attempt at energy conservation. Those who hold out the prospect of a glittering medium-term future for the global economy are perhaps not in full possession of the facts.

Oil discoveries provide resources to some low-income countries on a scale that dwarfs aid. Yet their effects have often been adverse.

If you think you’re paying too much at the petrol bowser now, brace yourself. An expert from one of the most oil-rich countries in the world says the price per litre could soon more than double, and he says that’s his conservative estimate.