Peak Oil Review – March 24th, 2008
An executive summary of weekly news from a US peak oil perspective, featuring:
– A Week to Remember
– Decoupling
– Diesel
– Energy Briefs
Oil
What M. King Hubbert might say today
Twenty years ago this month, I interviewed Marion King Hubbert at his home in Chevy Chase, Maryland. Hubbert was a brilliant and opinionated man. If he were alive, he would no doubt be fascinated by the quadrupling in oil prices and the increasingly vigorous discussion of peak oil.
Can less oil consumption in the West lead to lower global demand?
Until recently, there has been a constant refrain to the effect that Western economies seem undeterred by higher oil prices. Demand destruction does not seem to be taking place within OECD, even at today’s high numbers.
Blue moon economics
Are we merely experiencing a cyclical, albeit once-in-a-blue-moon event that will resolve itself in lower prices for all the commodities that make our modern society possible … or are we facing a long-term struggle for the declining resources of the globe, a struggle that will potentially endanger our lives and completely transform our society?
Peak oil – Mar 23
Peak oil theory: Shell’s Hofmeister vs Simmons
The Oil Drum turns three
No oil? Cities in ruins? Welcome to Kunstler’s `World’
Oil prices and supplies – March 23
Double-digit oil price is history: R S Sharma, head of India’s ONGC
Lukoil won’t send oil to German refiners in April
Cheney and Saudis: No short-term fix for oil prices
Things are beyond OPEC’s control
Oil falls on economy worries
Oil may fall as dollar rises, demand wanes
The peak oil crisis: stirrings in Ottawa
The question of just how much longer Canada will continue pouring so much of their national heritage into U.S. gas tanks has been in the news lately and deserves some consideration.
Transport – Mar 20
Peak oil and the future of green vehicles
Reinventing the wheel
Highwaymen take over Transportation Dept
Guardian leader: Fear and flying
Kunstler’s nightmare (WalMart in reverse)
Oil prices & supplies – Mar 20
Reserves don’t matter as much as the cost of getting the oil out the ground
Why Exxon won’t produce more
High oil prices make some Africans richer, others poorer
How would oil prices look in Euros?
Peak oil – Mar 19
Peak oil theorist goes mainstream in Cape Town
Chris Skrebowski in South Africa
An EROEI review
Why we can’t quit (Hess interview)
The Americas – Mar 19
Venezuelan oil exports down 192,000 bpd in 2007
Mexico braces for an oil war
Shell wants to produce 5x more oil from tar sands
Energy independence- US’s road not taken
A milestone in the dust
The rise of petroleum prices, in constant dollars, to the highest levels in history this month marks a milestone peak oil theorists have expected for some time. How much signal can we extract from the economic noise that surrounds record oil prices?
