Insight and inspiration in turbulent times.
The American government officials and presidential candidates of both parties know all about Peak Oil and the fact that (UNDER ALL CIRCUMSTANCES) the American way of life (as we know it) is nearing its end.
Panicked by looming peak oil, the Bush administration jettisoned the Constitution and international law in a grab for the Middle East bonanza. They thought to control the region, but that is quite impossible.
A recession may be looming especially with the unprecedented rise in world oil prices, which have historically presaged every recession in America. Add to this fears that Saudi Arabian oil production may be peaking.
Oil giant Shell could be bracing itself for a takeover attempt, possibly from French rival Total, a report claims.
It is surprising that the media - left media included - has been relatively silent regarding Venezuela’s upcoming presidential recall referendum.
Foreign companies are rushing to win bids for development of a new oil field discovered in the southwestern province of Khuzestan with recoverable reserves of around three billion barrels.
While money creates dreams, only abundant energy gives humans the power to realize those dreams. …and the world is running out of “sweet”, cheap oil.
Dr Malcolm Riddoch reports from a conference entitled Oil: Living With Less which featured Dr Ali Samsam Bakhtiari, which took place in Western Australia ealier in the week.
The head of exploration and production at Mexican state oil monopoly Petroleos Mexicanos, or Pemex, said Thursday that the decline of the country’s biggest oil field has been delayed until 2006.
It is clear that policy makers, Government bigwigs, ostentatious self-promoting Mayors and general associated ignorami are about to make an error of monumental proportions. The mistake involves the gross misappropriation of public funds to build roading systems in Auckland and throughout NZ that in all likelihood will be empty of drivers early next decade.
The cost and availability of oil will be impacted by “peaking”; natural gas supply will fail to meet production and supply demands; nuclear offsets aren’t being addressed and the failure of transmission lines to be replaced or upgraded are all rapidly coming together in a short period of time and will cause rocketing prices and supply disruption.
Britain became a net importer of oil in June for the first time in 11 years, official data showed on Tuesday. As the UK is expected to become a net gas importer as early as next year, it is building liquefied natural gas import terminals. The UK also intends to increase renewable share of power generation to 20 per cent by 2020.
