Insight and inspiration in turbulent times.
The scenes were heart-wrenching and mind-boggling: an entire modern American metropolis had effectively ceased to exist as an organized society…when it came to reporting on the damage to oil production and refining facilities, most media outlets took at face value the glib and non-specific assurances of the petroleum industry… And all of this is occurring at a time when the global supply of oil is barely able to meet demand…
Weathering the oil storm / GPM interviews Ronald Cooke on US energy policy / ‘You mean we don’t have to pay CERA-Yergin $2500 for 33 pages?’ / The First Disruption / From a future history / Endless Saudi oil: miracle or mirage? / Kunstler – Connect the Dots / ‘Katrina’s aftermath only hints at what will happen when demand for crude outstrips supply’ / NZ When Petrol Hits $2 a Litre / Bainerman on Abiotic oil
The International Energy Agency has warned of a global energy crisis sparked by the damage Hurricane Katrina has inflicted on strategically important oil refineries.
Alarmed by surging oil prices, the government said yesterday it will announce compulsory energy-saving measures that include restrictions and mandatory holidays in the service industries if prices rise further.
‘IT’S THE END of the world as we know it, and we feel fine.’ Grist.org editors look on the bright side, and name a reform agenda.
Excellent calm take on both pump fright and peak oil from mainstream newspaper columnist. [subscription reqd for full text]
A group of 26 countries, including the United States, yesterday agreed to release oil, gasoline or other petroleum products from their emergency reserves in an attempt to bring down soaring prices and avert domestic [US] shortages.
French PM: “We have entered the post-oil era” / Lundin Petroleum CEO “very much believes in the theory of peak oil” / Hurricane Katrina gives us a taste of things to come? / September ASPO Newsletter / Oil and energy on BBC radio / Wind, Water and Oil / Speculative bubble this is not / Future of Energy in the US
Survivors of Katrina are looking around at their flooded world and calling it “our tsunami.”
BRUSSELS During the first half of 2005, gasoline consumption in Germany and Belgium – and presumably in many other countries – fell by about 10 percent. We have not seen a drop like this for many years. It shows that the market mechanism continues to function as the most important regulator of supply and demand – and very speedily indeed.
The ASPO September 2005 newsletter is now available. Articles in this newsletter:
Queensland Australia Parliament member Andrew McNamara speaks to David Room about discovering peak oil, explaining oil depletion to his colleagues and his constituents, and previews his state’s oil vulnerability task force. [Audio & Transcript]
