Comment on the IEA’s World Energy Outlook 2004
The portrayal by the IEA of the possibility of an unbroken continuation of future growth in oil supply is, given the clearly recognizable limitations, a false and dangerous signal.
The portrayal by the IEA of the possibility of an unbroken continuation of future growth in oil supply is, given the clearly recognizable limitations, a false and dangerous signal.
Rep. Roscoe Bartlett discusses his special order speeches about Peak Oil to the US Congress and how the public has responded to them. Transcript now available.
To sum up… despite their rosy views on reserves and oil production, the Economist acknowledges that energy is a vital issue and that the current status quo on oil is unsustainable: Western majors are running out of oil and, even if there is enough as they claim in the Persian Gulf countries, it is going to present major geopolitical and economical problems to bring all the oil currently burnt in the US to the consumers.
Transcript of a broadcast advocating tradeable fuel entitlements as the best means of negotiating the peak & decline of oil supply.
As gasoline prices surge to record highs, General Motors teeters on the verge of collapse with a credit rating one step above junk. This is hardly coincidence. GM has willfully ignored fundamental trends in technology and oil.
With the rapid decline of global oil supplies, the United States is heading for an economic crash unlike anything since the 1930s. And the collapse of the dollar will affect every nation on earth. (Heinberg in South Africa)
Congressman Bartlett’s third Special Order Speech, originally scheduled for April 27, was broadcast live on C-SPAN tonight, Tues May 3.
KLARE: …in 30 or 40 years, oil may be gone entirely and we have plenty of time to worry about that. But sooner than then… oil is not going to be as available as it used to be in the past. …the hardships from declining oil are with us now and they’re only going to get worse.
A report prepared by energy economists at the French investment bank Ixis-CIB has warned crude oil prices could touch $380 a barrel by 2015.
George Bush’s energy adviser Matt Simmons claims the global economy has misjudged oil supply. (Article on Matt Simmons)
“If you think the price of oil is going to $32 and staying there, let me know where the oil is coming from. I expect the price will be $100–$150 within the decade, and the bull run in commodities will come to an end when it reaches $110.” …alternative sources of energy “cannot happen fast enough,” said [Jim Rogers, co-founder with George Soros of the Quantum Fund].
A two hour radio show featuring an interview with Julian Darley of the Post Carbon Institute and a presentation on the ‘New Agrarianism’ from the First National Conference on Peak Oil and Community Solutions by Charles Stevens.