Insight and inspiration in turbulent times.
It’s 2020, and the energy ministers of the Organization of Gas-Exporting Countries, known as OGEC, the umbrella for the dozen or so nations which dominate the market, gather in Madrid for their annual get-together to determine production quotas and price levels for the new primary energy source that fuels the global economy , natural gas, or more specifically, liquefied natural gas, known as LNG.
OPEC is considering a move away from using the U.S. dollar — and to the euro — to set its price targets for crude oil, the highest-profile manifestation of the debilitating effect of depreciation on the greenback’s standing as the currency of international commerce.
It is hard to envisage the effects of a radically reduced oil supply on a modern economy or society, writes Michael Meacher, UK environment minister from 1997 to June 2003.
The Energy Bulletin Peak Oil Primer
EnergyBulletin.net is a clearinghouse for information regarding the peak in global energy supply. We publish news, research and analysis concerning:
The gap between the promise of petroleum wealth and the perversity of its performance is enormous. Study after study demonstrates that, as a group, countries dependent on oil as their leading export have performed worse than other developing countries on a variety of economic indicators.
Fiction: You’ll have to excuse me, but I don’t usually keep a diary. These events began before I understood what was happening, and where it was all headed. It was only later, after it was all going on, that I thought that maybe I should be keeping some sort of record–as if no one else was. We live in The Information Age, or did. Now it’s just The Dim Ages. Welcome to my world.
PetroPolitics Special Report: More than any other commodity, oil is the lifeblood of modern economies and the engine of military machines.
Oil is running out, but no one wants to talk about it.
Looking back and correcting some of the misconceptions about the 1972 “Report to the Club of Rome.”
For the first time, an international research program involving the Department of the Interior’s U.S. Geological Survey has proven that it is technically feasible to produce gas from gas hydrates. Gas hydrates are a naturally occurring “ice-like” combination of natural gas and water that have the potential to be a significant new source of energy from the world’s oceans and polar regions.
The Cuban experience with an artifical ‘oil peak’ gives some hope for how a society can re-organise around organic agriculture to avoid the worst possible consequences.
