Oil

The peak oil crisis: The silly season Is upon us

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As long as most of us cling to the hope that high gas prices will go away or that a painless silver bullet that will solve our energy problem is just around the corner, few candidates for public office are ready to propose what are thought to be “painful solutions” to our problems. They still shoot messengers.

Oil supplies – Apr 16

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Oil hits record, Britain calls for OPEC hike
Surprise discovery off coast of Brazil may confound the oil and gas doom-mongers
‘Threat’ to future of Russia oil
Krugman: ‘This is what peak oil is supposed to look like’

A conversation with Michael Klare, author of Rising Powers, Shrinking Planet

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The United States remains the world’s sole military superpower, but it is unclear what advantage this offers in a world of shrinking energy supplies and intense competition for what remains of them. … there is an ever-growing danger that the major consuming nations will provoke regional arms races and get drawn into local resource disputes, thus increasing the risk of unintended Great Power-conflicts.

The scales are balanced

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A chart-fest showing the balance between countries who expanded their production compared to the previous year and those whose production declined. Note the difference between the strong growth years around 2004 and the very slight decline experienced in the last two years when the scales have been nearly ‘balanced’.