Insight and inspiration in turbulent times.
MYTH NO. 3: We’re running out of oil.
REALITY: This one is true. Sort of. Unlike wind or water, oil is not a renewable resource. So by definition we’re using it up, in the same way that we are all dying all the time. …
The real problem with the peak-oil argument has less to do with engineering than with philosophy. It lacks imagination.
Can global civilization adapt successfully to degradation of the biosphere and depletion of fossil fuels? I argue that it cannot. …
I conclude that those who seek to preserve civilization should plan for its survival in restricted regions.
Saudi Arabia is struggling to sell its crude oil despite record fuel prices and calls on the Kingdom to bring further supplies to the market.
Mass Rally Paralyses Lagos / French anger grows at fuel prices / Plastics industry reeling from oil, gas hikes – Can’t pass on costs / Aus. Minister admits cluelessness on oil solutions / Why China is not backing Bush on Iran / Guzzling Resale Value / Soaring oil prices fuel smuggling in Cambodia / McDonald’s feels petrol pain
Across Central America, where a quarter of the people live on less than $1 a day, the cost of filling gas tanks and generating electricity have soared in recent months in line with world oil prices.
Not all-bad story, some signs of hope.
US Oil shale – 20 years before reach 1mil/b/day / At Time of Epic Storms, Oil Industry Thinks Anew / US Dept Interior says onshore damage ‘major hindrance’ to Gulf oil recovery / Matt Simmons steps down as CEO of Simmons & Co. International
A major union is pushing for new travel allowances to cushion the impact of rising petrol prices on its members.
A worthy reply to the Freakonomics criticisms of peak oil.
China deploys warships to East China Sea gas field / Global trade vulnerable to high oil / Big Gav’s weekend roundup of energy news / Politicians Let Big Oil Pillage Public / Heating oil prices could become ‘life or death’ this winter / UK: Brown blames OPEC for fuel price rises / Canada: Home-heating relief weighed to help needy / Inflated natural gas prices poised to burn school budgets
“Please God, Just Give Me One More Oil Boom. I Promise Not to Blow It Next Time.” This was a bumper sticker prayer pasted on the rear end of many a vehicle in America’s oil patch back in the 1980s.
(A history of recent oil booms and busts)
India’s Left threatens protest on oil price hike / India and Indonesia react to oil price rises / Eurozone ‘at risk from oil shock’ / US warns China on Iran oil / Is Castro Still Relevant? / Organisers of the UK’s fuel blockade in 2000 warn will act again if tax not cut / The story of a hurricane / Amnesty Accuses Oil Firms of Overriding Human Rights / India’s appetite for energy / US Senate wobbles on gas prices (2) / US economy takes hit / $3.41 / Australia’s retail petrol discount war intensifies
Kjell Aleklett, President of ASPO, scrutinises an article by Dr Luttwak, an internationally recognized authority, consultant to the Office of the Secretary of Defense, the National Security Council, and the U.S. Department of State and member of the National Security Study Group of the U.S. Matt Simmons has also made some comments.
