The peak oil crisis: hurricanes and meltdowns

The news for the week: our gasoline stocks are so short that a hurricane hit is likely to result in shortages; world supplies are unlikely to increase enough this year to avoid much higher prices in the next six months; and some think we are seeing the beginning of the mother of all economic meltdowns.
   Not much should happen before Labor Day, however, so we can all enjoy the rest of the driving season.

Immunize yourself against future hype

A breakthrough in oil & gas industry technology is not inevitable. Indeed, it is not very likely. Painstaking linear growth in technological advances permit more oil to be recovered each year, but Seidensticker’s myths about technology change apply to the oil & gas industry just as they apply to most human endeavors.

Peak oil – Aug 21

US peak oil adaptation: prognosis in a credit crunch
The economics of oil: supply & demand
Gail the Actuary: What should we do now?
Peak oil in Trinidad – less faith
Conservationists cannot escape Laws of Energy
Planning for a decline in our oil bounty
How bad is peak oil, really?

Entering the Tough Oil Era

Recent reports from pillars of the Big- Oil/wealthy-nation establishment suggest that the basic logic of peak-oil theory is on the mark and hard times are ahead when it comes to global oil-and-gas sufficiency.