The peak oil crisis: the Crash of 2008

Taken together, the developments of the last few months indicate that despite the steep decline in gasoline prices, the effects of the peaking of world oil production will still be with us. So far the recession we are entering has not been enough to actually reduce worldwide demand for oil, but the drop in oil prices and the overall economic situation is hurting investment in future oil production products.

”A little tuft can often overturn a large load”

The load that has now overturned is the finance world’s wagon with virtual money. … When they put the wagon back onto its wheels again new oil will be needed to get it moving. Compared with earlier crashes the volume of new oil will be limited and new, clever energy solutions will be needed. It is time to plan for a future after Peak Oil.

Federal energy incentives have chiefly benefited oil, natural gas industries; nuclear, renewables lag

Public interest in the role of federal incentives in shaping today’s energy marketplace and future energy options has risen sharply. That interest has met with frustration in some quarters and half-truths in others because of the difficulty in developing a complete picture of the incentives that influence today’s energy options. The difficulty arises from the many forms of incentives, the variety of ways in which they are funded, managed, and monitored, and changes in the agencies responsible for administering them.