Insight and inspiration in turbulent times.
From unusually low gasoline stocks in the spring to frenzied Chinese economic growth later in the year — all seem destined to play a role in how much money you will be leaving at your favorite gas pump later this year.
The struggle over Iraqi oil
Chavez-style oil nationalism is endangering world economic growth
The (not so) eagerly modern Saudi
Investigative journalist reports PO by 2020
Bush may have answers to peak oil
Peak oil in Turkey
User’s guide to T. Boone Pickens
An executive summary of weekly news from a peak oil perspective.
Excerpts and comments.
Kuwait oil reserves secret for national security
Have the Kurds abandoned hope of a stable Iraq?
How much Iraqi crude is being stolen?
The other oil-rich gulf
Is U.S. natural gas headed toward excess supply?
Where gasoline is cheap
Interview with Lisa Margonelli, author of Oil On the Brain
The call on OPEC?
Failing the energy IQ test
Exxon Mobil says PO unlikely in next 25 years
OPEC’s dilemma
Global oil production peaking: What happens now?
Rep. Ehlers, formerly a nuclear physicist, is one of only three scientists in Congress. In response to a question at a town hall meeting, he said: “[Peak oil] is just a tough sell. Sometimes people don’t want to believe what they don’t like, and that’s the problem here. There is simply not an infinite amount of oil.”
What has a chance of being far more effective [than an environmentalist approach] is to focus on what fundamentally will motivate all of us: personal well-being and survival.
Introduces actuaries to the fact that the world is finite and we are reaching limits in several areas-oil, natural gas, fresh water, and indirectly climate change. These changes affect projections for the future, as made by actuaries. Actuaries should begin to question economic theory as well as their own models.
Gasoline consumption continues to run above last year, a series of refining problems have kept gasoline output well below the utilization needed to build stockpiles, and the US seems to be unable to find enough refined gasoline on the world markets to make up the difference.
