The Energy Crunch to Come – Soaring Oil Profits, Declining Discoveries, and Danger Signs
An up to date and information rich introduction to Peak Oil.
Oil
Worries swelling over oil shortage
In the space of a couple of hours last week, crude oil prices hit a record $56 a barrel…The converging events drew attention to what administration officials call a temporary global energy crunch. Bigger worries also are bubbling to the surface — fears of a day of reckoning over world oil reserves.
A brave new oily world
I asked Joe Terranova, director of trading for MBF Clearing Corp., why oil keeps going up and up. “Simple, the cat is out of the bag!” according to Joe. “Traders now recognize, for the first time since oil futures have traded, that there truly exists a demand to supply problem.”
Will The End of Oil Mean The End of America?
“America’s has its hand in the coconut.”
Aramco Projects: A Closer Look
Abdullah al-Saif, Aramco’s senior vice president for exploration and production, was quoted in the March 14 edition of the Daily Star about future oil production projects in Saudi Arabia. Let us take a look at the projects he named in more detail.
It’s back to the farm
When demand for energy exceeds what the world can supply, everything will begin unwinding, sending us back to local communities – or perpetual war
IMF chief: High oil prices to continue
Oil prices that have hovered around record highs for weeks are likely to continue to be high for another two years because of rising demand and supply constraints, the head of the International Monetary Fund said Saturday.
Fear and Loving of Hot Commodities
Eric Sprott could have told you this was coming. Canada’s top fund manager was buying energy stocks long before oil — and other commodities — became the hottest investing trend since the technology bubble. He is wildly bullish about energy. Two words explain why: Hubbert’s Peak.
Recognition, Revaluation, & Reallocation
Energy demand in the United States and China has been relentless. The appetite for more oil in the two fastest growing economies in the world goes on unabated.
Galvanize Research and Development for Alternatives to Oil
We must apply the same can-do attitude and the same brainpower and technical resources to the alternatives-to-oil issue as we did to landing a man on the moon.
Oil, interest rates a 1-2 punch?
The United States rode out $55 a barrel oil last fall. But some economists say the latest jump in that key commodity poses a greater threat to the nation’s economic growth.
Look to the future: High price of oil may force lifestyle changes
The dramatic increase in global demand for oil, and the resulting price spiral in the last couple of months, may be early warnings of a fundamental change in the economies of industrialized nations.
