Oil

Hell announces pilot colonization program

by

Hell today announced a new Pilot Colonization Program to relocate demons, devils, incubi, succubi, and Damned Souls to the surface of the Earth, starting as early as 2012. Lucifer Jr., Senior Executive Vice-President of Hades, explained the rationale behind the new program: “From our perspective, warming Earth temperatures offers an infernally perfect solution for the overcrowding we’ve been experiencing in Hell for the last 66 years. As the planet heats up, Earth will present a terrific opportunity for Hell’s growth and expansion.”

The impact of peak oil: An alternative view

by

At the ASPO Conference in early October 2007, Robert Hirsch presented his view of the impact of peak oil on the economy and society. While most of his assertions are readily supportable, the historical record is nevertheless perhaps more nuanced and deserves consideration in thinking about future events.

The peak oil debate is over

by

“Large conventional oil production is increasingly no longer part of the future. We must expect to get along without what has been our critical energy source in expanding the world’s economy for more than half a century. But acceptance [of the idea of peak oil] by knowledgeable people is not enough.

“Our willingness, let alone our ability, to do anything serious about the impending inability to increase oil output is still a long way off. The political order responds to what the public believes today, not to what it may come to believe tomorrow.”

Dr. Schlesinger has served as Chairman of the Atomic Energy Commission (1971-73), Secretary of Defense (1973-75), Director of the CIA and was the first Secretary of Energy (1977-79).

Keynote address to the recent ASPO-USA conference in Washington D.C. (transcript and video) .

ODAC Newsletter – Oct 29

by

Big oil was smiling this week as Q3 profits rose on the back of higher oil prices. Prices are 12% higher than last year, and according to JP Morgan and Goldman Sachs are likely to go higher, even above $100/barrel, by next year. Such a price rise may provide a test of OPEC’s ability to raise production…