Australia: Oil’s not well: crisis looms
The opening session of the 10th South East Asia Australia Offshore Conference will hear that Australia’s demand for oil is greater than supply and the gap is growing.
Fossil Fuels
Is the world’s oil running out fast?
If you think oil prices are high at $40 a barrel then wait till they are four times that much.
How will you pay to run your car? How will you get the children to school? How will you heat your house? How much will transported food go up in price?
How will we pay for plastics, metals, rubber, cheap flights, Simpson’s DVDs, 3G phones and everlasting economic growth?
The basic answer is, we won’t.
This is the message from the Association for the Study of Peak Oil (ASPO).
Peak Oil and Permaculture: David Holmgren on Energy Descent
David Holmgren, co-originator of the permaculture concept and author of ‘Permaculture: Principals and Pathways Beyond Sustainability’, speaks with Adam Fenderson from Energy Bulletin.net about permaculture and its role in an energy constrained world.
Quest for energy is race against time
New forms of energy need to be developed quickly or else the world faces a cataclysmic economic and environmental future writes Jeremy Leggett
What if…
It’s 2006. Bin Laden conquers Arabia. Crude prices are nudging $100. A far-off fantasy? Don’t you believe it, writes Oliver Morgan
UK: Army guard on food if fuel crisis flares
Hundreds of troops will be deployed to defend vital supermarket depots in the event of fresh fuel protests in the autumn.
ODAC bulletin
News briefs from ODAC.
Oil supplies: we’re on a knife-edge
OIL supplies are now so tight that just 1.5 million barrels of oil a day – less than 2% of global production – is keeping another potentially devastating surge in energy prices at bay, experts have warned.
U.S. addiction to oil puts it at mercy of risky characters
Ultimately, it’s up to U.S. consumers to wean themselves from their costly addiction to oil, which increasingly is coming from less-than-stable parts of the world. And this will require some tough love.
Rights group denounces Australia over Timor oil
A US-based rights group denounced Australia yesterday, saying Canberra should be “ashamed” for allegedly robbing East Timor of much-needed oil and gas revenues from the disputed seabed between the two nations.
California: Large energy buyers find market dry
Shaken energy managers throughout Silicon Valley are finding cheap, long-term electricity deals a thing of the past as they go about trying to replace expiring energy contracts.
Oil prices ease as Opec opens tap
Oil prices eased further below $40 a barrel yesterday as an Opec deal to pump more crude outweighed underlying fears of political instability in top producer Saudi Arabia.
