Peak oil forecasters win converts on Wall Street to $200 crude

As energy prices soar and violence convulses the Middle East, the peak-oil movement — an unlikely alliance of geologists, physicists, oil industry consultants and environmental activists — is winning converts. Peak-oil ideas are bubbling up from scientific journals and offbeat Web sites, much the way warnings of global warming did a decade ago. For the first time, the peaksters have begun to grab the attention of Washington and Wall Street. (excerpt)

Hydrogen to the rescue? Questions about Iceland’s sustainability

Iceland plans to be the first country to implement a hydrogen economy, taking advantage of its vast electric resources. However, sustainability is still wanting in this tiny, isolated island nation, despite its massive advantages over most countries. It cannot, at this time, free itself from the world oil economy.

Peak oil and Bakhtiari’s 4 phases of transition

“The four Transition periods (T1, T2, T3, and T4) will roughly span the 2006-2020 era. …The major palpable difference between the four Ts is their respective gradient of oil output decline — very small for T1, perceptible for T2, remarkable in T3, and rather steep for T4. In fact, this gradation in decline is a genuine blessing for those having to cope and adapt.”
– Dr. A.M.S. Bakhtiari, Iranian oil expert