Back to the post-oil future
The imminent demise of the global petroleum industry will necessarily entail a complete redesign of industrial societies.
The imminent demise of the global petroleum industry will necessarily entail a complete redesign of industrial societies.
China, possessing the second-biggest currency reserves in the world, will have no difficulty in paying for strategic stocks of crude oil later this year despite the high cost of energy, analysts said.
Peak oil means that we are entering into a reality far different and much more threatening than the one to which we are accustomed.
India’s ties with Saudi Arabia are set to scale new heights through enhanced bilateral investments and intensified energy cooperation between New Delhi and Riyadh, the Petroleum Minister, Mr Mani Shankar Aiyar has said.
Yemen’s economy could survive without policy adjustments in the short term but falling oil production means the government would have to make economic corrections further down the road, the International Monetary Fund said yesterday.
The interesting question about the advent of $50-a-barrel oil is whether it signals a new era in the economics and politics of energy. To sharpen the question: have we entered a period when, owing to consistently strong demand and chronically scarce supplies, prices have moved permanently higher?
What is the nature of the connection between an ill-planned war in Iraq; the steadily increasing pressure on dissent in the United States; the ongoing estrangement between the United States and its traditional allies; the increasing strains with the country’s Canadian neighbor; and the forbearance shown to China as opposed to the increasing distrust of Russia?
The controversy over the Arctic National Wildlife Refuge is a side issue. The problem we need to face is the impending world oil shortage. (NY Times Op-Ed!)
The circumstances of the Long Emergency will require us to downscale and re-scale virtually everything we do and how we do it, from the kind of communities we physically inhabit to the way we grow our food to the way we work and trade the products of our work.
The International Energy Agency is to propose drastic cutbacks in car use to halt continuing oil-supply problems. Those cutbacks include anything from car-pooling to outright police-enforced driving bans for citizens.
Links to background report and presentations from March 7 & 8 IEA workshop on oil demand management, in case of ‘supply interruption’. Note title of 1st session: ‘Saving Oil in a Hurry: Rapid measures for demand restraint’.
When it comes to dealing with the many energy-related crises we’re facing, can the Bushies really go on pretending that their policies are any more forward-looking than a rerun of That ’70s Show