Insight and inspiration in turbulent times.
It appears there are least two possible scenarios that could play out in the months ahead. Either demand holds up to a level at which OPEC can control the situation and we have higher prices, or the Great Recession causes demand for oil to simply melt due to lack of economic activity and declining incomes.
In July 2008, the price of crude oil reached an historical high level of US$147 per barrel. However, as a consequence of falling demand over the following six months, the price declined by well over 60%. This article examines the causes behind the oil price spike, which has become a serious commercial threat to many airlines.
TOD: Saudi Arabia’s Crude Oil Production Peaked in 2005
IEA says oil capacity crunch looms at end of 2013
Where Is Oil Production Headed?: An Adverse Scenario
Oil producers running out of storage space
Number of Rigs Drilling for Natural Gas in U.S. Drops to 5-Year Low
Lessons from the Collapse of the USSR (Orlov video)
British historian Mark Jones on the world crisis
The Free Nature Movement
Nate Hagens – On Credit, Depletion, Energy Nationalization – Radio Interview
Towards a Scale-Free Energy Policy
Bright Green, Light Green, Dark Green, Gray: The New Environmental Spectrum
The World of Tomorrow 1 The Old Future
Energy is first and foremost a demand issue- how much do we need and for what ?- and yet the majority of public debate on the issue is to do with finding new sources of supply so as to allow industrial growth to continue.
A weekly roundup of peak oil news, including:
– Production and prices
– Obama’s budget
– Briefs
Jeff Rubin on oil prices: another spike on the horizon
World Bank specialist: The 2008 oil price spike and the airline industry
New taxes for oil and gas companies: where does this lead us?
The final shape of the European energy market is emerging: an oligopoly
With superb insight, wisdom and erudition—one is almost tempted to say omniscience—Alexis Zeigler’s Culture Change charts an ambitious course for the future of our civilization. The book calls for a revolution to bring about what Zeigler terms a “conscious culture” capable of responding intelligently to our ecological crisis. (Full book title: Culture Change: Civil Liberty, Peak Oil, and the End of Empire)
Weekly round up from a UK perspective.
A weekly review from a UK perspective.
Oil: How Low Can It Go?
‘Next oil shock will be far worse than $147 a barrel’
TOD’s Khebab: Analysis of Decline Rates
A Few Thoughts on US Petroleum Demand, Inventories, and Prices
