No more business as usual

There are few more qualified people in the world who can discuss Peak Oil than Ali Samsam Bakhtiari, retired “senior energy expert” of National Iranian Oil Co. (NIOC. So when Bakhtiari talks, people ought to listen. He says: “We are entering an era in which we know nothing much, where we have a brand-new set of rules.”

Prudhoe Bay – Aug 10

But I thought oil prevented rust / British Petroleum’s ‘Smart Pig’: The Brilliantly Profitable Timing of the Alaska Oil Pipeline Shutdown /
Did BP Purposefully Allow its Alaska Pipeline? / An oil leak rattles a state and its workers / BP was told of pipeline worries in ’04

Peak oil – Aug 10

Oil supply can outpace future demand, CERA says / Daniel Yergin, the “Energy Pope,” deconstructed / Peak oil panic – phase 1 /
Is a wall of oil heading for the market? /
Saudi oil: far from twilight (Michael Lynch)

Prudhoe Bay – Aug 9

Oil prices fall as Alaskan oil replaced /
Prudhoe Bay raises questions about aging oil fields / For BP, a pair of repairs / With Alaskan oil crimped, Californians look for options /
Alaskans speak up /
Leak is latest of Alaska’s pipeline woes /
Prudhoe oil may still flow / That’s some smart pig in the pipeline / NY Times: Lessons From Prudhoe Bay

Prudhoe Bay – Aug 8

Alaska joins axis of evil (unreliable oil suppliers) /
Restart of Prudhoe Bay oil field may take months /
Variety of crudes seen filling gap left by Prudhoe Bay outage (problems for West Coast) /
Oil Drum: More thoughts on Prudhoe Bay

Anything but time

The U.S., and the West in general, has focused its attention on other people as the source of trouble in the oil markets, with countless hours devoted to worrying about whether or not the Iranians or the Saudis or the Venezuelans will cause trouble. And here we are, an utterly and shamelessly oil-dependent culture, waking up to the fact that rust in the pipelines of Prudhoe Bay has taken down 400,000 barrels of oil in one fell swoop.