The Cavalry Stays Home
Where is the all new oil supposedly made profitable by higher prices?
Oil
Pemex reduces its estimation of prospective resources in the Gulf by 60%
Petróleos Mexicanos (Pemex) have dropped their estimation of prospective resources in the waters of the Gulf of México, in an area called Deep Coatzacoalcos, from 10 billion to 4 billion barrels.
Ghawar Is Dead!
Perhaps we should be mourning after the world’s largest oilfield, rather than dead celebrity Anna Nicole Smith, for Peak Oil means the death of the American dream, not just one queen of kitsch.
The peak oil crisis: our 4 storms
Until last week, a good guess would have been that shortages in oil available for export would impact us first. This would be followed by economic decline, peak oil production, and finally a meaningful reduction in the burning of fossil fuel in response to global warming. News from the last few weeks, however, makes it look like more of a horse race.
Energy Policy – Mar 8
Chinese Premier vows targets must be met
Chinese Academy of Sciences on energy sources
Guardian: Giving up oil
Standard inertia from US Energy Department
Renewable energy fight likely to set EU summit mood
Singing the Vegetable Opera
Has there ever been a financial collapse with brighter or louder warning signals?
Peak Oil – Mar 8
A Nosedive Into the Desert
Three new presentations from Matthew Simmons
Announcing the CERA News Center Archive
New documentary: “Escape from Suburbia”
Hubbert speaks!
Hubbert speaks!
Happy Birthday Peak Oil! Commemorating the 51st Anniversary of M. King Hubbert’s Seminal Speech, the Hubbert Tribute site has released a 1976 video clip of Hubbert speaking about world oil depletion and explaining the concept of peak oil.
Exxon Mobil Plans 20 New Projects
Exxon Mobil is planning to implement twenty new projects over the next three years, which are expected to produce a total of 1 million bpd.
False reporting of peak oil
Technical background from an oil geologist that puts the New York Times article into perspective.
Peak oil task force in Portland releases report
The report’s key recommendation is that Portland take action to reduce fossil fuel use by half over the next 25 years. The report finds the best path to this goal is in accelerating current initiatives such as high-density planning and zoning, public transportation and acquiring electricity from renewable resources
Oil Industry – Mar 7
Castro’s revenge: The Cuban oil rush
BPs Reserves depleted, except in Russia
Exxon plans 25 new projects in next three years
Russia, pumped
Share stampede as Siberian reserves confirmed
