Insight and inspiration in turbulent times.
Officials at Mexico’s state-owned oil monopoly said Monday that the company has detected massive new oil deposits in the Gulf of Mexico that could potentially double the country’s reserves, but industry analysts cautioned that the company’s findings are still unproven.
The geopolitics of oil today suggest a backdrop looking less like a benign, happily globalised “one world economy” dominated by America Inc and its assorted “branch plants”, and more a massive, overextended military power fighting a dangerous, and ultimately losing, battle against an angry, resistant globe, of which Russia is but one more growing manifestation.
aced with lofty world crude oil prices, reflecting a perception of tight fundamentals and threats to supplies, Paris-based Institut Français du Pétrole recently examined how the situation might evolve over the next 18 months.
Michael Ruppert, publisher of From The Wilderness addressed the prestigious Commonwealth Club of California about peak oil and it’s relationship to the events of 9/11.
The retired Professor of Physics from the University of Colorado in Boulder examines the arithmetic of steady growth, continued over modest periods of time, in a finite environment. These concepts are applied to populations and to fossil fuels such as petroleum and coal.
Although soaring crude oil prices have cast a shadow over the world economy, many business leaders in Japan remain surprisingly optimistic. Is such optimism really justified?
Nowhere is the dichotomy more apparent than in Nigeria, which has enjoyed a $2.5 billion boost in profits from crude but is likely to pour the bulk of it into its imports of refined oil.
Mexico’s Pemex has detected vast new oil deposits in the Gulf of Mexico that could double the country’s total reserves and boost its oil output to rival Saudi Arabia’s, the state oil monopoly said on Monday.
The fall 2004 issue of YES! magazine is devoted to Peak Oil. About a dozen articles are available online. Subjects include biodiesel, hydrogen, transportation and conservation. Authors include Hunter Lovins, James Lovelock and David Orr.
The New Zealand government depends on the IEA’s oil production projections. As concerns about global Peak Oil began surfacing in the mid to late 90’s the IEA has succeeded only in delivering a “business as usual” message but with seriously flawed “hidden variables”.
Thanks to the collusion of industry, financial and government interests, the coming decline in oil production is portrayed as so impossibly far off in the future that there is no sense talking about it – but talk we must.
With no room for error, prices will be volatile. Buckle up. The country could be in for an oil-price roller-coaster ride three to five years long.
