Insight and inspiration in turbulent times.
Oil prices set new records and the industry maintained a historically high level of activity in 2006. Energy agencies issued consensus forecasts that production would rise. Yet crude oil production was down and total liquids production was flat. The economists should be shaking in their boots.
“Matthew Simmons, a distinguished petroleum investor who is no liberal Democrat tree-hugger like me, he is one of the Bush family’s close friends. He’s a conservative Republican. He says we have 35 years of recoverable oil left.”
TOD: Saudi Arabian oil declines 8% in 2006
Brunei thinking about life after the peak
Texas oilman Pickens says global oil production at its peak
A draft US Government Accountability Office report finds that, though it is difficult to assess whether the world has reached “peak oil,” a large number of experts surveyed for the report believe the world may have reached the peak for conventional petroleum supplies, said Representative Roscoe Bartlett, Republican-Maryland. [excerpts]
U.S. ‘stuck in reverse’ on fuel economy
Put the ‘public’ back in public transport
Car mpg ratings going down
Seattle-L.A. train nation’s worst for on-time arrivals
Colin Campbell on the Isle of Man
TOD: That cubic mile
Kunstler critiques urban planning, oil shortage
Peak-ignorant but compelling discussion of the options facing oil exporting nations in the carbon-sensitive future.
“The Golden Age of cheap energy has passed. Competition for energy supplies will dominate the economic landscape during the next 30 years… The prospect, apparent or real, of the peak production of oil during the timeframe out to 2035 and progressive diminution of output thereafter will intensify competition for remaining resources.”
Testimony at Hearing regarding the (US) National Energy Conservation Policy Act of 1974, before the Subcommittee on the Environment of the committee on Interior and Insular Affairs House of Representatives. June 6, 1974.
Three US reasons to attack Iran
Iraqi Ministry Casts Doubt on Oil Law
Who wins in Iraq?
The oil depletion protocol: Heinberg interview
TOD peak oil update: forecasts and EIA numbers
Mexico oil barrel costs near double
Peak performance? (skeptic)
I honestly admire and commend Shell CEO John D. Hofmeister for going around to discuss the energy predicament of the U.S. and the world. But what is with the Peak Oil denial by Shell?
