The peak oil crisis: The minimum operating level

The size of our gasoline stockpile has become an important number, not only for everyone who drives, but also for the future of our economy… If stockpiles – on either coast – drop much more, we are going to find out, the hard way, exactly where the minimal operating level is, for that will be the day the shortages develop.

Peak oil – May 21

Letter to Science: When the oil supply runs out
Variety reviews The 11th Hour
Interview with maker of Crude – the incredible journey of oil

New PO newsletter from NL: Oilwatch Monthly
ODAC News
Author Greg Pahl: Peak oil will force changes

Anatomy of an oil discovery

Using a correct interpretation of PetroChina’s reserves numbers, Sandrea’s production model provides ballpark estimates that moderate the hyperbole accompanying the Jidong discovery. Think of it this way: suppose you are doing your laundry and you find a $20 bill in your pants pocket. Even if you are thousands of dollars in debt, how would this lucky find make you feel? At that moment, you would feel good!