Oil

The peak oil crisis: diesel

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The evidence is mounting that the U.S. 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, followed by actual shortages here in the United States.

The Age of Aquarius

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Prices may fall later this year, but will not likely dip below the $110/barrel floor price. It is actually more likely that the price will continue to rise this year, as Goldman Sachs believes, because 1) stuff happens, e.g. deepwater project delays, project cost inflation, blown-up pipelines, and 2) we are now living in Flatland.

Peak oil – May 14

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Martin Wolf (FT): oil prices an ‘an early warning of stark reality’
CNN briefing on oil
Truth and lies about world’s oil supply
Glenn Beck interviews Kunstler
Peak oil on BBC’s ‘You and Yours’

Peak oil – May 13

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Dion, leader of Canada Liberals: ‘the peak oil era is happening and we need to prepare’
Heinberg on Australia’s “Lateline”
Paul Krugman: The oil nonbubble

The peak oil culture wars
An oil bubble? EIA’s odd forecasts
Popular Mechanics on peak oil
Does peak oil mean no more large engines?

The post-oil novel: a celebration!

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The post-oil novel began as a little-known aberration within the speculative fiction genre. But it’s now hitting bestseller lists, generating comment in major papers, and garnering increasing acceptance from the mainstream of speculative fiction. Frank Kaminski takes a spirited, authoritative look at this blossoming subgenre

Prices – May 12

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Jad Mouawad: Politicians search for a solution to high oil prices, answers evade them
A peek behind the price at the pump (sinking dollar)
Mystery Indian analyst spooks world economy (Murti of Goldman Sachs)

Peak oil: “It’s the flows, stupid!”

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Because they don’t understand peak oil, many reporters keep getting the story wrong. Because they don’t understand peak oil, some in the U.S. Congress and Senate now threaten to sue OPEC. Because they don’t understand peak oil, business journals keep whining that producer nations don’t practice rational economics.