Insight and inspiration in turbulent times.
One of the world’s leading energy analysts yesterday called for an independent assessment of global oil reserves because he believed that Middle Eastern countries may have far less than officially stated and that oil prices could double to more than $100 a barrel within three years, triggering economic collapse.
United States President George W. Bush has failed in his effort to get the Saudi Government to increase oil production in the near term. The Saudi Government has said there is nothing it can do because its production is already at or near full capacity, and that the long-term solution to the oil price problem is for the US to increase its investment in refining capacity.
The oil market is vibrating and crude oil prices are bobbing up and down like a float on the water. Around the world experts make analysis and try to explain why. The fact that the price of crude oil is approaching $60 per barrel and the production costs for the same barrel fluctuates between $1 and $10 shows that common economical theories are not valid any longer, something new is in the air and the question is how to interpret today’s vibrations.
Low-key interviews with a petroleum geologist and an environmental editor. (Audio)
We are all on this Petroleum Tour in most ways, every day of our lives. We are oblivious that our daily support system of petroleum props up our lifestyles and survival — or we pretend otherwise.
Fuel duty campaigners are demonstrating outside a Cheshire oil refinery in protest at high fuel costs.
We’ve been warned about ‘peak oil’- the day that heralds the end of cheap energy. It’s the biggest threat to our lives and livelihoods, but no one is listening. Former industry insider Jeremy Leggett outlines the six reasons why we need to act now
The Iran-Pakistan-India oil pipeline and its proposed extension to southwestern China will radically transform the relationship between these countries.
The US president is welcoming Saudi Arabia’s Crown Prince Abdullah to his ranch in Texas on Monday. Bush says he’s looking for “a straight answer” to how close the Saudis are to reaching production capacity.
Post Carbon Institute, a think and action tank that explores what culture, governance, and economies might look like without fossil fuels, announces the formation of its new board of directors.
A background briefing on the vast scale of oil shale resources but the problems producing oil from them. Youngquist writes, ‘The term “oil shale” is a misnomer. It does not contain oil nor is it commonly shale.’
In a long interview, Canadian environmentalist David Suzuki talks about Peak Oil.
