Insight and inspiration in turbulent times.
Given the gravity, immediacy and potentially all-encompassing implications of Colin Campbell’s projection, there must by an urgent government-initiated debate over the validity of the statistics and the potentially devastating short term economic and political implications of oil peaking in next two or three years.
The salient features of the post cheap oil world will be turbulence, economic systems failure, and falling standards of living. The greatest imperatives for Americans will be the reconstruction of local communities and economic networks of interdependency and the re-establishment of local agriculture.
PRESIDENT George Bush has promised that if re-elected in November he will make regime change in Iran his new target.
China is accelerating the pace of constructing a strategic oil reserve base, according to the State Development and Reform Commission.
Matthew Simmons is both the ultimate insider and a challenging iconoclast.
U.S. domestic oil production has dropped five percent since this year’s peak in February and near-record oil prices are unlikely to inspire drillers to slow the country’s deepening dependence on foreign oil, experts say.
OPEC pumping near capacity; price gains triggered by inventory decline, heating oil supply concerns.
A message from the inside. Ali Samsam Bakhtiari, Senior Expert of the Iranian National Oil Company speaks honestly about the coming impact of Peak Oil in his opening statement to May’s Berlin Peak Oil conference.
When Shell admitted to misleading investors, down went the share price. And, as Mr Montagnon explained, “most people will have a stake in this, if they’ve got a pension, because Shell is such a large company”.
At some point, the Hubbert curve for world oil will enter the down slope. Extraction will become more expensive and, eventually, this fossil fuel – essential for transport throughout the globe – will disappear. It behooves the Nigerian government and all oil producers to begin seek other sources of energy and diversify the sources of revenue.
OPEC hopes to put a lid on stubbornly high crude prices by adding a half million barrels a day to its targeted output.
Andrew McKillop is in California to promote his book, ‘THE FINAL ENERGY CRISIS,’ published by Pluto Press and the University of Michigan Press, based on an outline first invited and accepted by the publishers in June 2001.
