Insight and inspiration in turbulent times.
Russia warns Europe it could face gas shortages
Japan Oil Imports Fall 17% as Recession Damps Demand
Mexico Looks To Buck Global Oil Trend By Raising 09 Spending
Pemex Oil Production Drops 6.5% on Cantarell Field
Lower gas prices won’t last forever, economists warn
State concerned about waste water from new gas wells
Amazon pollution case could cost Chevron billions
How the West’s Energy Boom Could Threaten Drinking Water for 1 in 12 Americans
There have been occasional claims from U.S. media sources that oil from Canada, specifically oil from the Athabasca oil sands region, can be the salvation for US oil woes in the future, assuming drilling everywhere in the US doesn’t do the trick. An example of such optimism was exemplified in a 60 Minutes segment about a year ago which gave the impression that the Athabascan region could supply much of the future U.S. oil needs.
Fatih Birol talks the talk on peak oil – In this 40 minute exclusive interview for my film “PetroApocalypse Now?” I interviewed Fatih Birol, Chief Economist of the IEA about reserves, the USGS, technology, demand and recession, solutions and peak oil. (Also, a mini-review of the film)
Shadowed by $200 oil
Channel 4 News interview: London oil summit
Over a barrel
Katrina’s Hidden Race War
Computing Power About To Peak?
The Needle and the Damage Done
The Versace beach will be refrigerated
A weekly review including:
– Prices and production
– OPEC may meet in January
– Investment
– The IEA sets a date
– Briefs
A simple explanation for oil prices rising to an average of $100 in 2008: importers bidding for declining net oil exports.
Coal poses climate catastrophe as “peak oil” approaches
Coal reserve estimates way too high, says expert
E.P.A. ruling could speed up approval of coal plants
Will ‘peak oil’ spur expanded coal use? And what does it mean for climate?
Recession likely to fuel another roller-coaster ride for oil in 2009
Interview: “Myth of the Oil Crisis”
Gwynne Dyer: IEA says peak oil is coming sooner
Peak uranium: What’s going to fuel all those nuclear plants?
Strahan on the London oil summit
Weekly update from a UK perspective
The issue discussed in this essay is whether the price does or does not tell us about Our Oil Future. It does not. We know the $45 oil price is not right as we look down the road to a time when the global economy rises like a Phoenix from the ashes. Because of the nature of oil pricing, I find it likely that we revisit the 2008 nightmare over and over again in future years.
