Insight and inspiration in turbulent times.
A widely reported briefing by US investment house Goldman Sachs alerted markets to the possibility of an oil price superspike – a spike as high as $105 per barrel.Yet the full report, obtained by Aljazeera.net, paints a more complex and volatile picture.
Congress begins work Tuesday on a bill to boost production and conservation.
A bad program with serious design flaws is threatening to crash the whole energy system. Do we choose to fix it or not?
During the debate about the 5c-a-litre rise in petrol excise, politicians and commentators have suggested deferring the increase until oil prices stabilise at lower levels. No one, however, has been able to offer a valid reason why prices should come down.
Jorge Figueiredo argues that Peak Oil will exacerbate a crisis in capitalism, and the as yet unwritten result could either be fascistic or ‘revolutionary’.
The International Energy Agency (IEA) has come to the conclusion that the world economy is facing a serious threat of acute oil shortage.
[UPDATE APR 9 – new date for next speech] On the 14th March Republican Congressman Roscoe Bartlett made a presentation on Peak Oil to the US Congress. Online video of the presentation and a text version with graphics are now available. Rep. Bartlett will be giving a second presentation on solutions in about a week.
The price of regular gasoline has passed the $1 mark in a large Canadian city, apparently for the first time.
What will cost $3 a litre, require car-pooling, the permanent military occupation of Iraq and oil drilling on the Great Barrier Reef? Petrol, according to experts who have been contemplating its future in an oil-poor Australia.
Excellent review of the current cheap-oil-energy and material intensity of UK food production and makes a good case for relocalisation as integral to improving the situation.
A monthly publication put out by the Bank of Montreal argues that “Hubbert’s Peak must have arrived for Ghawar, the world’s biggest oilfield, and Wall Street’s most-cited reason for assuring us month after month that oil prices would plunge…”
When the Labor backbencher Andrew McNamara rose from his seat in the Queensland Parliament in February to state a few home truths about falling world oil supplies, he expected, at most, a few catcalls from the Opposition benches. Instead, the speech by the provincial solicitor from Hervey Bay “bounced around the world”.
