Insight and inspiration in turbulent times.
According to a report by the London-based Centre for Global Energy Studies, most members of OPEC are pushing the limits of their oil production capability, and some probably are finding that their sustainable capacity is not as high as originally thought.
China’s Communist rulers have a blunt message for anyone who frets about the planned Chinese takeover of Canada’s biggest mining company: Get ready for more to come.
The Green Party’s two co-leaders grilled [New Zealand] Government officials yesterday about grossly inaccurate forecasts made last October about future oil prices.
Cheap versions of the “The End of Suburbia: Oil Depletion and The Collapse of The American Dream” are now available to anyone wishing to send it to an active soldier.
Mike Tooke of PowerSwitch.org.uk has produced an informative 20 page booklet introducing the topic of peak oil which can be downloaded for free.
In an excellent speech given in Johannesburg earlier this month, George Monbiot looks frankly and damningly at the state of corporate journalism, who’s institutional interests are at odds with any potential policy changes addressing climate change and resource depletion, such as the imminent global oil peak.
Energy tycoon Boone Pickens says “we’ve seen $40 oil for the last time” and expects “$10 natural gas” probably within “four months”
Thomas Gold, before his death, proposed that the origins of oil may be abiotic (non-biological) – arguments now repeated by many to suggest that there is no danger of oil peaking. The following is a scientific dialogue critiquing Gold’s work, not easy reading for the layperson, but important nonetheless.
With global oil demand surging and prices hitting record levels, the world’s 1,500 oil tankers are all booked up, and charter rates are soaring. The shortage of tankers is one sign of how strong demand and a lack of investment have left the oil industry’s infrastructure stretched thin.
World oil prices will rise to $100 a barrel in three years if demand continues to grow at the rate it has this year, an expert on the global oil market predicted Tuesday during a trip to New Orleans.
“Russian companies have underproduced 14 million tons in January-September compared to what they initially planned,” crude pipeline monopoly Transneft’s head, Semyon Vainshtok, said Tuesday.
Most oil-producing nations are also rife with corruption, and oil companies should provide more information about their operations to help clean up the market, a global watchdog group said Wednesday in an annual report.
