Insight and inspiration in turbulent times.
The dearth of oil and the corresponding need to ensure adequate supply amidst burgeoning demand is viewed as a matter of economic survival. Supply/demand dynamics therefore will fuel America’s hegemonistic impulse and heighten the very geopolitical uncertainties which have given rise to this alleged political risk premium in the oil markets.
A retired Irish geologist is at the center of a small, but suddenly influential, band of contrarians known as the peak-oil movement, which believes that by as early as next year, humanity will have burned through half the oil it will ever get, and that the era of cheap oil is over.
Fuelling world prices, China’s crude oil imports jumped 37.4 per cent in August from the same month a year earlier to 9.33 million metric tons (70 million barrels), the government reports.
Beijing is pushing the Russian government to intervene to get Russia’s top oil exporter to continue all its shipments to China. The Russian company Yukos says it will stop crude oil deliveries next week because it cannot afford the shipping costs.
The experts are calling for energy reforms. Why aren’t the politicians?
Winning the Oil Endgame offers a strategy for ending US oil dependence, and is applicable worldwide. There are many analyses of the oil problem; This synthesis is the first roadmap of the oil solution — one led by business for profit.
THE spike in oil prices in recent months is stoking heated arguments between market players, who blame each other for the lack of production capacity that has been exposed by strong global demand.
China plans to establish a company that will raise as much as 100 billion yuan (12 billion dollars) to build the country’s strategic oil reserve infrastructure, state media reported.
Renewable and low-carbon energy are not just the long-term solutions to climate change. They are indispensable today if we are to cushion the British economy against volatile oil and gas prices and the impending peak in world oil production – not least the dwindling reserves in the North Sea.
Since about 1999 per capita world average oil consumption is increasing. This recovery, after a long decline through about 1980-2000, has strong implications for potential oil demand, and potential annual growth of world oil demand as we enter the period immediately preceding ‘Peak Oil’.
Limited spare capacity means that the ability of oil producers to meet the sharpest rise in demand since the 1970s is likely to be severely tested, according to experts attending an OPEC-sponsored seminar in Vienna.
Amory Lovins and the Rocky Mountain Institute have come up with a proposal to save American capitalism from the end of the age of oil.
