Insight and inspiration in turbulent times.
This November, people from around the country will gather in Yellow Springs to hear nationally recognized speakers address the pressing issue of ‘Peak Oil’ and the benefits of small community and low-energy solutions.
The United States, land of gas-guzzling sport utility vehicles and air-conditioned McMansions, might do well to turn to the country Americans love to hate for lessons on how to curb its reliance on imported oil: France.
The costs and benefits of America’s occupation of Iraq vary, according to proponents and opponents, except when it comes to oil exports.
World’s Seven Largest Economies (G7) Admit They Have No Idea How Much Oil Is Left – Issue Emergency Call for Transparency at DC Summit ….
Recent statements by the G7 group of nations and other breaking news stories have now irrevocably placed Peak Oil on the table. The bottom line is that the G7 have admitted that demand has outpaced supply and that due to cooked books and secrecy, they really have no idea how much oil is left, or available for production (two different questions). Within months there will be no more important story on the planet.
The absorption of Russian state-owned oil company Rosneft by the gas giant Gazprom appears to have run into trouble amid press reports yesterday of furious infighting among top Kremlin officials over the deal.
Some ominous words from a G-7 official tend to corroborate the ‘alarmist’ view that the world is running out of oil and that high prices are here to stay — a structural phenomenon rather than a spike.
The idea that the world is about to hit some kind of oil crisis, on a grand and even cataclysmic scale, is not new. All very scary, except for the fact that the validity of any of this starts to fade on closer inspection.
As oil prices climb to record highs above $50 per barrel, some have asserted that we are “running out” of this resource. In truth, we are not running out of oil in America. We can safely increase domestic production by at least 17.2 million barrels per day by 2030[!?]
‘The real point is not so much the exact date of peak but the statement that the First Half of the Oil Age, which was characterised by growing production, is about to be followed by the Second Half when oil production is set to decline along with all that depends upon it.’
Sharing oil reserves among Asian nations could be an option for countries in the region if crude prices stay high, Japanese Trade Minister Shoichi Nakagawa said on Tuesday as oil soared to a record above $50 a barrel.
U.S. oil production plunged to a 54-year low after Hurricane Ivan slashed through the Gulf of Mexico two weeks ago, sinking rigs, buckling pipelines and triggering underwater mudslides that sheared the legs off platforms.
Two articles alleging that the peak oil hypothesis is a myth propogated for Isreali zionist interests.
