Living in the best of all possible endtimes
Economics is the game of tiddly-winks that we can afford to play only in the midst of easy, abundant energy. Energy is the Donut, economics is the Hole.
Fossil Fuels
U.S. General Proposes Help in ‘monitoring’ Unstable West Africa Oil Gulf
A top U.S. military commander proposed American help Monday in monitoring West Africa’s Gulf of Guinea to secure an unstable region that holds as much as 10 percent of the world’s oil reserves
China 40% dependent on crude oil imports as of May
As the second greatest crude oil consuming country in the world, China has seen a the gap between domestic ability to supply and demand for crude oil widen in the first five months of this year, according to figures released by China Customs.
OPEC to Keep Grip in 2005 as Supply Lags Demand
The world’s dependence on OPEC’s oil is expected to increase again next year, supporting cartel efforts to keep prices high as robust demand growth outpaces non-OPEC output, a Reuters survey found on Monday.
Why 2004 Will Be Remembered as the Year World Oil Production Peaked
“I believe that the world’s oil production peak has been reached in recent weeks. Why?”
Kremlin prepares to seize Yukos’s oil
The battle for control of Yukos, the Russian oil giant, has taken a fresh twist after it emerged that the country’s authorities have drawn up secret plans to seize control of the group’s oil.
Oil driving US’ move on Sudan
Darfur, the international community unanimously agrees, is “the worst humanitarian crisis of our time”.
Canada to map Beaufort Sea
Low-level tensions between Canada and the United States over sovereignty of an offshore sliver in the Beaufort Sea are moving from simmer to boil.
The Russian Federal Energy Agency on the end of cheap oil
“I believe Humanity must grow accustomed to living with an expensive oil, to treat hydrocarbons as a non-renewable resource and to look for alternative energy sources. It seems that oil is not going to get cheaper.”
World’s Proven Reserves Jump 100 Gb in 2003?
British Petroleums latest statistical review of energy reserves and consumption shows a glaring discrepancy compared to last year – the magical appearance of an additional 100 billion barrels of oil!
No pleasant surprises in the new oil order
The Saudi officials’ announcement that they were satisfied with the current level of world oil prices may constitute an implicit fait accompli, an acceptance of their inability to increase production substantially beyond current levels, bringing the days of peak oil production ominously closer.
Drip-dripping away
Review of Paul Robert’s book The End of Oil.
