Oil chief predicts $3 a litre petrol
Dr Baktiari is a chief adviser to the National Iranian Oil Company. He says world production of oil will peak by 2007 at 82 million barrels a day.
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Dr Baktiari is a chief adviser to the National Iranian Oil Company. He says world production of oil will peak by 2007 at 82 million barrels a day.
Hugo Chavez drives George Bush crazy. Maybe it’s jealousy: Unlike Mr. Bush, Chavez, in Venezuela, won his Presidency by a majority of the vote.
Is it possible that we are about to run short of the source of a third of the world’s energy?
Asia’s economies have been able to withstand this year’s surge in oil prices but the relentless climb is starting to take its toll and high growth rates are now in jeopardy, analysts said.
Mark Braly reports from the German Government’s Renewables 2004 conference in Bonn, that “something else, not new but more urgently felt, was in the air at the conference. The expert consensus now holds that the peak of world oil production is near – if it has not already happened.”
The west should be embarking on a serious rather than cosmetic attempt at energy conservation. Those who hold out the prospect of a glittering medium-term future for the global economy are perhaps not in full possession of the facts.
The work of Campbell and Laherrere demonstrates that a number of large producers have reached their peak in production while even the Middle East production will soon peak.
Oil discoveries provide resources to some low-income countries on a scale that dwarfs aid. Yet their effects have often been adverse.
In Iraq, to find out how the soldiers feel about the war and the Bush administration, you only need to read the walls inside the latrines.
If you think you’re paying too much at the petrol bowser now, brace yourself. An expert from one of the most oil-rich countries in the world says the price per litre could soon more than double, and he says that’s his conservative estimate.
Certainly the leaders of both American political parties know about Peak Oil, including Kerry/Edwards, yet public discussion is off the table.
One expert has picked an Armageddon date for the peak of oil production: Thanksgiving 2005. The slow decline in world supplies will start then.