Peak Oil Review – August 11
An executive summary of weekly news from a US peak oil perspective, featuring:
– Production and Prices
– The BTC pipeline
– Oil and the US elections
– Energy Briefs
An executive summary of weekly news from a US peak oil perspective, featuring:
– Production and Prices
– The BTC pipeline
– Oil and the US elections
– Energy Briefs
Even an optimistic projection shows only a small shoulder in the US oil production around 2025. Is this enough to scare the oil speculators and keep oil prices down?
Spurred on by Senator McCain’s July 28 promise that off shore oil “could be exploited in a matter of months”, the clamor to start poking more expensive holes in the ocean floor has reached a crescendo.
David Strahan: Have we reached the end of the road for oil?
Rising need of crude in energy rich nations
Heinberg on Al Jazeera TV
CIBC’s Ben Tal sees $200 oil
Energy: It’s still cheap (Matt Simmons. interview)
New House bill combines drilling with tax extensions for renewables
Drill, drill, drill is working
Paul Krugman: Know-nothing politics
Kunstler: Drill drill drill !!! (or maybe not)
Rising gasoline costs – an animation
Price movements in the short run contain very little information of importance for long-term planning. To pay too close attention to every decline in the oil price would be the equivalent of halting construction on one’s home every time the sun comes out believing that a new era of permanent sunshine and balmy weather obviates the need for shelter.
Book review Climate Code Red – Climate Code Red, by David Spratt and Philip Sutton, Scribe Publications 2008
Georgia and Russia nearing all-out war
Georgia: oil, neocons, cold war and our credibility
Energy pipeline that supplies West threatened by war Georgia conflict
A lesson on the United States’ need for Russia
It’s official: The Caspian is a terrorist target
Peak oil and energy imperialism
Analysis: energy pipeline that supplies West threatened by war Georgia conflict
Although it is not yet palpable or palatable, it is logical and an empirical fact that rising energy prices equally threaten the health sciences. The vast majority of health professionals with whom this author has spoken classify high energy costs as troublesome but temporary, as well as outside the boundary of the health professions. A review of the literature shows virtually no research has been conducted on energy strategy and the health sciences – or the role of petroleum-based products – for three decades.
Beyond the semi-glib answer that nothing much has in fact happened in the oil markets in the past month (after all, the recent decline is quite smaller, in percentage terms, than several others in the past couple of years), here are a few points worth making.
A digest of news and commentary from a UK peak oil perspective.