Depletion – the missing demand element?
Surely it is time that depletion was treated explicitly rather than being buried in the statistics?
Surely it is time that depletion was treated explicitly rather than being buried in the statistics?
Responding to intense public opposition the U.S. Forest Service has withdrawn plans for imminent oil and gas leasing across a broad swath of scenic national forest lands south of Yellowstone National Park.
The oil market is over-supplied by three million barrels per day, Iranian Oil Minister Bijan Namdar Zangeneh said here on Tuesday on the eve of an OPEC meeting.
One of the reasons a great many people, policy makers and leaders find it impossible to face the issue of peak oil is because it challenges the very beliefs that we argue are a priori truths about industrialised western societies, without requirement for justification, our fundamental birth-rights.
With OPEC members pumping nearly all the crude they can, analysts worry that a supply crunch is ahead.
Even $50 a barrel can’t wean the world from oil. Only government can do that.
If the matter of America’s energy dependence is not answered in the next few decades, costs could grow faster than expenses related to health care.
Fresh Aire’s Terry Gross interviews ‘Blood and Oil’ author, Michael Klare
The tragic milestone of 1,000 U.S. deaths in the Iraqi quagmire should cause introspection about why the United States really went to war and whether it has been worth it.
“For the next 20 years, growth in the world economy is going to raise demand by oil and oil equivalents from something on the order of 65 to 85 million barrels a day, to 330 million [barrels], which is a huge, huge number. It’s like eight Saudi Arabias.”
Even remote patches of oil are starting to look more and more attractive.
U.S. election-year pledges by both presidential candidates to wean the nation from its foreign oil dependence have vote-winning potential but may be just a pipe dream, energy experts say.