Insight and inspiration in turbulent times.
California Institute of Technology professor and vice provost David Goodstein said the world is headed toward a global oil shortage that could cause warfare, economic depression and the crumbling of institutions.
Dr. Aleklett says that the IEA’s World Energy Outlook for 2004 shows an acceptance of peak oil concepts, but the message is not obvious. In this article, he decodes Chapter 3 of the report.
“Our ignorance is not so vast as our failure to use what we know.” — Marion King Hubbert
Harken Energy is the latest oil company to benefit from the United States’ escalating involvement in Colombia. On November 4, the Texas-based company announced the signing of a new oil exploration and production contract in Colombia.
Six European countries, including Austria, Italy and Romania, approved a plan for a pipeline to ship oil from the Caspian Sea region to western Europe, officials said Friday.
Although the world will not run out of oil tomorrow, the world is nearing the end of what might be called the easy oil. Even in the best of circumstances, the oil that still remains will be more costly to find and produce and less dependable than the oil being used today. This fact means not only higher prices, but also more volatile prices.
Long-time GNN contributor Adam Porter is the oil and economics correspondent for Al Jazeera’s English language web site. Recently, he talked with GNN editor Anthony Lappé about the phenomenon known as “peak oil”
China’s crude oil output will peak at 200 million tonnes annually in a decade, but even that will be far from enough to cover the country’s voracious energy needs, state media said.
Saudi Arabia and Russia will jointly sponsor an international energy forum in February next year to map out an effective strategy for regulating the oil market and strengthening security measures at oil installations and during transportation as part of a comprehensive energy security program.
The Wall Street Journal recently published a major piece on peak oil and in the past year Campbell has spoken before a joint committee meeting of the British House of Commons, addressed a group of J P Morgan Chase & Co investors and been visited by officials from Swedish auto manufacturer Volvo.
Some selected recent stories relating to Iran.
WORLD oil production is likely to peak in the next decade, much earlier than many international forecasts, a senior BP executive has told The Business.
