Insight and inspiration in turbulent times.
Christophe de Margerie of Total says the problem is not with reserves per se, but with the rates of production, and that we will never be able to reach the production levels predicted by the IEA (International Energy Agency) – or by the US Department of Energy, for that matter – simply because it is taking increasing efforts to get the oil out of the ground and that effort cannot be accomplished with today’s industrial resources.
WCCO-TV in Minnesota began broadcasting the first US news series that explicitly covers peak oil.
As the world moves ever closer to the time when vital, finite energy resources begin to decline, we need to know not how much oil, natural gas, coal or uranium is left; rather, we need to know how much usable energy is left in these resources.
More then 75% of remaining oil reserves are in the hands of National Oil Companies (NOCs). International Oil Companies (IOCs) are producing at maximum capacity using all available technology. Hence IOCs are eager to convince the NOCs that they need new partners in the future.
Kaboom: Peak copper, superspike prices, oil and US debt /
Peak oil passnotes: oil prepares to push on /
No problemo? Rochester and the decline of cheap oil (Kunstler) /
A peek past peak oil by UBC professor
Project Energy on WCCO-TV /
The great game of global gas /
U.S. senators unveil plan to rein in big oil, OPEC /
Opec toothless to tame high oil prices : UAE /
US Energy secretary: oil prices to impact economy /
Chinese influence in Brazil worries US (ethanol) /
Iran: the next neocon target
I’d like to delve into some of the errors and half-truths surrounding Peak Oil catastrophism, not as encouragement for those who want to party on blindly into the end of oil, which would be tragic, but as a way of refining and bolstering those arguments around Peak Oil that are valid.
Critiquing the 2006 Megaprojects report /
Oil prices pushed higher by manipulating oil futures trading /
Economic brief: E.U. energy policy /
Iran military hints at Strait of Hormuz blockade
The high probability that a supply of cheap oil will peak over the next 10-15 years poses a serious challenge for the global economy. We in Ireland are more dependent on imported oil for our energy requirements than almost every other European country and it will take up to 10 years to significantly reduce this dependence. Therefore, it is essential that we now begin to prepare for such a challenge.
Andrew McNamara, a member of the Queensland Parliament revisits the peak oil debate one year after his groundbreaking speech on the topic in Australia.
Biodiesel industry gets boost from Big Oil /
Engineer shortage concerns nuclear industry /
The true costs of nuclear power /
Lack of staff and equipment hit oil output /
Gas supplies continue to be negotiated /
Plateau update (EIA report)
Chris Skrebowski, ASPO member and editor of Petroleum Review has presented his latest update of Megaprojects, a list of oil fields planned to come on stream in the next years, now up to 2013.
Peak oilers around the globe, get your spreadsheets ready and do your calcs!
