“Let’s accelerate and stay ahead of oil’s peak”
Let me introduce you to a kook. In 1956, when U.S. oil wells were spouting like so many Old Faithfuls, a geophysicist named Marion King Hubbert thought he was the prophet Teiresias.
Oil
The Undeclared Oil War
While some debate whether the war in Iraq was or was not “about oil,” another war, this one involving little but oil, has broken out between two of the world’s most powerful nations.
George W. and the Fossil Fuel Posse
The story of the energy industry’s dollar-fueled ascent to the White House is full of drama, both high and low.
Trinidad: Alternative energy sources our only hope
One would think that countries that are net importers of oil and gas would make concerted efforts to conserve energy, and to work feverishly towards developing alternative sources. But the paltry sums of money allocated for the necessary research and development of alternatives is negligible.
The Crude Awakening
From bottlenecks caused by aging refineries and a supertanker shortage to depleted production from non-OPEC producers, the price of crude is being pushed higher because of one simple fact: There isn’t enough of it.
Development of Heavy Oil Blocks Initiated
The probable shortfall of light oil reserve has provoked the countries to initiate exploitation of heavy oil reserves although the latter is of less value.
Shell hit by new lawsuit in US over reserves scandal
Embattled oil giant Royal Dutch/Shell was hit with a new lawsuit in the United States on behalf of shareholders seeking compensation over the group’s energy reserves scandal.
US: Deadly dependence on Mideast oil
Sadly, we will pay a steep price for having frittered away the years, even the decades since the oil shocks of the 1970s.
Ethnically diverse oil zone a tinderbox / Uneasy relations between Kirkuk’s Arabs and Kurds
Leaders of local Arab tribes warn that they are arming themselves to keep the oil industry out of Kurdish hands.
When oil production falters and then falls
Vast quantities of present-day paper wealth, held in the form of inflated stock equities, will never be converted into lasting wealth. For most, this
imaginary wealth will die along with the prevailing market mania [not long after oil peaks.]
We Have Always Spent Iraqi Money on That: Conquer and Plunder Follows “Shock and Awe”
The cost of Iraq’s reconstruction and the practice of awarding large contracts to big corporations with close ties to the administration, such as Halliburton, have been repeatedly criticized over the past year. Recent news reports, however, indicate the truth is even worse.
Reflection on Colin Campbell’s 1999 predictions
A contributor to the www.PeakOil.com forums, reviews some of Colin Campbell‘s 1999 country by country predictions of oil peak.
