OPEC Set to Open Oil Taps Full Blast

Kenneth Deffeyes, former colleague of M. king Hubbert, frequently tells the story of how he knew Hubbert was right about his US oil peak prediction when he read the headline “Texas Railroad Commission announces 100% allowable” in 1971. The American cartel was pumping full blast.

I wonder what he thought when he read this headline…

The Truth About Oil

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.

Politics and Economics Headlines – 17 September, 2005

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

Politics and Economics Headlines – 12 September, 2005

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