Insight and inspiration in turbulent times.
Skewed expectations, for both oil and the economy as a whole, will eventually lead us down the garden path to ruin. … All bogus numbers, whether they come from the EIA or the Bureau of Labor Statistics, are part and parcel of attempts to manage our behavior to keep the growth party going.
The current “boiling frog” price increases (ie, slowly and without a big shock) are unlikely to lead to shortages or rationing in the short term, because that’s not where the problem is – the big problem is with respect to future supplies.
U.S. military launches alternate-fuel push (some officers embrace PO planning)
Hirsch on CNBC: PO problem ‘as massive as one can possibly imagine’
Defying the experts
Three raging bulls as oil barrels higher
The Sigmoid Fraud
FT: US begins to break foreign oil addiction
America must face the harsh realities over oil
Robert Bryce: Delusions of energy independence
Oil rises on speculation Saudi supply increase won’t cut prices
UK’s Brown calls for end to the power of Opec
Not enough oil is lament of BP, Exxon
Peak oil for teenagers (talk)
Australia Pumping Empty: PO film coming
THE progressive crises: Global warming and peak oil
Financial Times: Fears over oil supply move into the mainstream (‘Are the peak oilists right?’)
Jeffrey Brown’s warning on oil producers’ own rising consumption gains Wall St backing
What the Export Land Model means for energy prices
Has peak oil as a meme “tipped”? (out of futures backwardation and into contango)
CNN on peak oil
With the oil price looking pretty settled above $126 a barrel, what does the UK Government estimate the future oil price to be? Clearly one would imagine that as the most responsible body in the land, charged with making long term decisions that affect us all, they would have their fingers on the pulse of this one. Unfortunately the official position is as insulting as it is pathetic.
An executive summary of weekly news from a US peak oil perspective, featuring:
– Production and Prices
– China
– Iran’s Production Cut
– Energy Briefs
The evidence is mounting that the US might just encounter the first real crisis of the oil depletion age before the year is out. The crisis at first will be one of spiraling prices for diesel and heating oil that will cause considerable economic havoc, and then there may be actual shortages right here in the United States.
The president of ASPO-International was invited to write a comment to the article “The market sets high oil prices to tell us what to do” by Martin Wolf in the Financial Times.
Lower oil production, exploding production costs and capturing a shrinking fraction of oil profits has not prevented oil companies from enjoying record high profits. These profits are so large that they have masked the fact that US corporate profits are otherwise in the doldrums
