Get ready for the last oil war

Despite the clear evidence of rising depletion limits on Iranian oil production, Western media continues presenting Iran as having the third or fourth-largest oil reserves in the world. This implies oil export ‘underperformance’, repeating media claim’s of Iraqi oil reserves versus its pumping ‘performance’ in the run-up to invasion in 2003.

As tensions escalate between Iran and the West, Andrew McKillop presents a view on the prospects for conflict.

Peak oil and the Olduvai catastrophe: is there a link?

The Olduvai Theory is about the declining total world energy supplies and the catastrophic consequences. Peak Oil is a more confined thesis about oil supply declining due to the looming exhaustion of oil reserves in the ground. So Olduvai addresses all energy sources, but Peak Oil is only about one of the energy sources – oil.

In a recent article (Leigh, 2008), I failed to explain the Olduvai and Peak Oil relationship fully and clearly, and I would like to do so in this brief article. So what is the relationship between Olduvai and Peak Oil? Indeed, is there one at all?

Geopolitics – July 7

Book review: How British colonialists tried to run the Middle East
John Bellamy Foster: Peak oil and energy imperialism
Crude oil falls after Iran signals confidence in nuclear talks
Zakaria: Oil prices make it hard for U.S. to pressure Iran