OPEC: Oil will rise until Nov.
Cartel’s president says strong demand will cause prices to climb through the end of the month.
Oil
G8 nations to consider sanctions against Iran
The U.S. administration will take up strategy for United Nations sanctions against Iran at a meeting tomorrow of senior officials from eight nations.
The Fossil Fuel Party Is Over
Like a tragedy, the crisis we face is set to inexorably unfold. It is a denouement that is likely to herald the end of modern industrial civilization as we know it, which is perhaps why, as environmentalist George Monbiot says, we collectively choose to deny that it is taking place.
U.S. trade gap ballooned in August
Oil imports help push deficit to 2nd-highest level on record.
Four More Years for the Earth
With no viable plan for developing renewable energy, America will soon find itself pulled into an economic black hole as China, Japan and Europe build new economies based more on wind and solar power.
New website: SurvivingPeakOil.com
A new website SurvivingPeakOil.com has been launched with a collection of essays on practical responses to the Peak Oil crisis.
Chart watchers eye $70 peak for oil
Signals are growing that oil’s price surge could push all the way to $70 a barrel, according to the technical analysts who forecast market trends by interpreting chart patterns.
Making a meal of oil reserves
A study of the organisms that “eat” about half the world’s reserves of oil provides another intriguing contribution to understanding of the extent of global resources.
Combating ‘The End of Suburbia’
The DVD The End of Suburbia “looks directly at the reality of resource depletion, encouraging us to face that squarely, while inspiring the viewer to imagine creative solutions.”
Brazil, the Brightspot Dims
Brazil has been one of the countries where oil production has been constantly rising for the past 30 years. They are one of the countries taking up the slack for declines elsewhere. This field by field analysis of the biggest Brazilian deepwater fields, which is where most of the increase is coming from, shows that there is a limit to this growth in the not too distant future.
The Hundredth Monkey
Oddly enough, I’ve been cheering on a “Marxist Dictator” of late. Not that I’m a no good pinko commie red mind you… no, but I am rooting for Hugo Chavez as he’s poking the Plutocratic forces at play outside Venezuela.
Talisman Energy prepares to sharpen its drill bits
Those who believe that abundant deposits are waiting to be discovered are misguided, said Mr. Buckee, who holds a Ph.D. in astrophysics from Oxford University. “There is precious little in the world now that isn’t known about or hasn’t been tried,” he said. “I don’t think there is going to be any new Middle Easts or Saudis hanging around. There aren’t many unexplored basins.”
