Insight and inspiration in turbulent times.
Instead of wasting time on who did what and why, we should concentrate our efforts on contributing to better understanding of future realities. We should move from controversy to acceptable consensus, from confrontation to cooperation, and from secrecy to transparency.
US News & World Report spotlights The Oil Drum
Richard Heinberg radio interview
Al Jazeera on peak oil: ice-skating in the desert
The Star on Post Carbon Toronto
ASPO-Australia call for petrol rationing
Howstuffworks improves peak oil coverage
Peak oil and the Australian army
Yergin: $100 oil ‘tells a lot of what’s going on in the world’
What really matters to oil-importing countries is world net oil export capacity, and we are deeply concerned that the top five net oil exporting countries, Saudi Arabia, Russia, Norway, Iran and the UAE (United Arab Emirates), collectively accounting for about half of current world net oil exports, in aggregate are going to show an ongoing decline in net oil exports, continuing an aggregate net export decline that began in 2006.
The most interesting aspect of oil’s 57 percent price increase in 2007 is that it was caused by supply, demand, some speculation and a weakening dollar for there was no new oil-related geopolitical crisis nor a production-damaging natural catastrophe all year.
Russians are among the most amazing negotiators in the world. Century after century, decade after decade, they somehow get westerners to fall over themselves to trade the store for access to the Russian market.
IEA chief: Oil may rise to $150 on China demand
From $1.80 to $100 in 37 years
Matt Simmons: If demand rises 1.5% to 2%, economic growth may stall
WSJ: Higher oil prices long term may impede global growth
Vaitheeswaran vs Hirsch
Resource wars? A debate
Guardian on peak oil
Saudi Arabia: An attempt to link oil discoveries, proven reserves and production data
The price for West Texas Intermediate (WTI) oil touched $100 on January 2, 2008, a new milestone. Oil price has been giving a very clear signal of pending shortage for over five years now, and in breaching the symbolic $100 a barrel mark, continues to do so. Those driving the world economy have steadfastly ignored this red warning light.
Soothing words from The Economist, Wall Street Journal, Financial Post, New York Times, China Daily and the Financial Times.
Shortages for diesel and heating oil now seem likely to develop before they do for gasoline.It is going to be a lot harder to conserve on diesel fuel, which for the most part does vital work, than it would be to conserve gasoline for our personal transportation.
Oil trades near $100, OPEC can’t end rally
Saudi Aramco delays production start from Khursaniyah
CERA’s Yergin: ‘New era’ of oil prices
Jerome a Paris finishes Countdown to $100 oil, starts anew
Australian oil/gas fields shut on cyclone
German economists: Oil to hit $200 in 2018
Just as the Financial Times’ news coverage of oil was beginning to improve, a recent article goes and spoils it with a truly shoddy analysis.
