Insight and inspiration in turbulent times.
NEW YORK — Coal supplies at U.S. power plants are at their lowest levels in more than three years, sparking concern of possible blackouts this summer when demand is heavy for electricity to power air conditioners.
New York Times columnist Paul Krugman on peak oil.
Americans have long considered Saudi Arabia the one constant in the Arab Middle East–a source of cheap oil, political stability, and lucrative business relationships. But the country is run by an increasingly dysfunctional royal family that has been funding militant Islamic movements abroad in an attempt to protect itself from them at home.
Financial columnist Andrew Weissman predicts high energy prices for the US.
Lee Raymond CEO of Exxon Mobile
As the BTC Pipeline Nears Completion, America & Russia Make Their Respective Moves Seeking Strategic Control Over Caspian Energy Resources
Differing interpretations of control over Iraq’s oil revenues emerged on Tuesday in Baghdad, potentially calling into question the financial independence to be ceded to the interim government that is due to take charge of the country in July.
Abrupt climate change. We will look at the oceans’ role in the climate, the ocean conveyer system, the history of abrupt climate change episodes, and the effect of these episodes upon previous civilizations.
Simulations of the World Oil Production Capacity (Wocap) model suggest that global oil production will peak at a point near 81 million b/d well before the end of the decade, likely by 2006-07
…we looked to one example, Cuba, the only country that has successfully passed through its own artificial “peak oil.”
Suncor Energy Inc., the second- largest oil-sands miner in the world, said first-quarter net income fell 38 percent after the company paid more royalties to the Alberta government. The company also said it will stop hedging oil-production.
British Petroleum states that Russian oil reserves equal to 60 billion barrels.
Such relatively modest amount leads us to believe that a new Russian law consummated in February 2004 was no coincidence. According to the new law, any information concerning oil reserves in the country is in fact State secret.
