Insight and inspiration in turbulent times.
A growing number of oil-industry chieftains are endorsing an idea long deemed fringe: The world is approaching a practical limit to the number of barrels of crude oil that can be pumped every day. (Excerpt and comments from Dave Cohen of ASPO-USA, Jeffrey Brown, Rep. Bartlett’s staff and Energy Bulletin)
Some 95% of motorized travel and freight movement by land, sea, and air is fuelled by oil products, accounting worldwide for consumption of some 60% of crude oil. …Our assessment of numerous alternatives to oil as a transport fuel concludes that, as oil depletion progresses, only electricity could reasonably power acceptable levels of land transportation.
The oil production forecasts that have been truly erroneous are not those of peak oil researchers, but those of the EIA, the IEA and CERA. These estimates are consistently biased high. One wonders whether the forecasts of these organizations are based primarily on forecasts of future demand, together with a large measure of wishful thinking.
Who’s talking about peak oil (quotes)
How should I prepare for life without oil?
Simmons and others in the media
Oil price could hit $150 a barrel
Bush to veto anti-OPEC legislation
Oil leaders’ private debate televised by mistake
Chavez blasts U.S. at OPEC summit
Saudi, Venezuela leaders differ on politicizing OPEC
Can Saudi square the oil circle?
When you are at the peak of the biggest party ever thrown in history, the fossil-fuel party, who worries about the hangover?
Lester Brown: Ringing alarm of peak oil
Kharecha and Hansen: Implications of “peak oil” for atmospheric CO2 and climate
Energy crisis is on horizon -Mattthew Simmons
Kunstler in Bakersfield
OPEC experts call for expansion of oil supply
Open mike: OPEC communique shouldn’t mention dollar
OPEC examines the benefits of boosting capacity
OPEC looks to the future, its clients to the present
OPEC to discuss currency basket
High oil prices confound OPEC
OPEC promises expensive oil
OPEC shifts its stance on climate change
OPEC to reject oil output boost, seek carbon cutback
A world of runaway energy demand
Why $150 oil may be right around the corner
Why $50 oil may be right around the corner
Oil rises $1+ on signs OPEC’s lost control of prices
Oilwatch Monthly
Quest for dialogue drove Shell Oil tour
Oil sands forecast cut as costs increase 50%
Coal demand expected to rise through 2030
Riyadh is boom town as Saudis enjoy oil bonanza
Black gold finances the dreams for Abu Dhabi
How would you manage Saudi’s reserves?
Big day looms for Venezuela: oil socialism
Qatar: dollar slide erodes purchasing power
More than that of any other commodity, the price of oil is influenced by political and economic geography – complex events better known as geopolitics.
