Review on “Oil-based Technology and Economy – Prospects for the Future”
A report from a conference of the Danish Board of Techology on the impact of peak oil (PDF format).
Oil
Shell reassesses reserves for third time
Shell has, for the third time this year, cut its estimate of it proven oil reserves, adding that it was slicing more than $400 million from profits to account for the “disturbing deficiencies” in its reporting practices.
When the last oil well runs dry
Just as certain as death and taxes is the knowledge that we shall one day be forced to learn to live without oil.
Saudis Pledged Oil Price Cut Before U.S. Vote -Report
WASHINGTON (Reuters) – Saudi Arabia’s ambassador to the United States, Prince Bandar bin Sultan, promised President Bush the Saudis would cut oil prices before November to ensure the U.S. economy is strong on election day, journalist Bob Woodward said in a television interview on Sunday.
Plan War and the Hubbert Oil Curve, An Interview with Richard Heinberg
Richard Heinberg is a professor at the Santa Rosa branch of the New College of California, where he teaches courses on Culture, Ecology and Sustainable Community.
Venezuela – Argentina: An oil swap that dampens two crises
Venezuela sought out and initiated last week’s oil for food swap with Argentina. While Argentina’s main goal was to stave off an impending energy crisis this winter, Venezuela viewed the deal as an opportunity on its part to increase Latin American integration and strengthen the South-South alliance.
Report: Oil Will Cost $51/barrel by 2025
WASHINGTON – Crude oil prices will increase gradually and reach $51 a barrel by 2025 due to inflation and rising energy needs in developing nations, according to an Energy Department projection.
SAUDIS HAVE U.S. OVER A BARREL
The Shifting Terms of Trade Between Grain and Oil. In 1970, a bushel of wheat could be traded for a barrel of oil in the world market. It now takes nine bushels of wheat to buy a barrel of oil.
Surviving oil shocks
With US Treasury secretary John Snow ratcheting up his criticism of Opec, it is clear the Bush administration is alarmed about rising oil prices.
Russia to run out of oil in six years?!
Russia, now the second largest oil producer in the world, warns that its oil supply will last only until 2010.
High Gas Prices Not Stopping Motorists
When the price of gasoline surges, two things are practically guaranteed: motorists will bemoan the rising cost and, more tellingly, they’ll drive as much as ever.
“I hate it. I hate expensive gas,” Don Macklin, 71, of Kingston, Ontario, said as he pulled his Chrysler minivan into the Travelodge motel just off I-95 near Fredericksburg, Va., 400 miles away from a vacation with his wife in Myrtle Beach, S.C. “But what are you going to do? I just factor it in.”
Survey: Gasoline Nearly $1.80 Per Gallon
U.S. average retail gasoline prices rose over the last two weeks and they could go even higher, according to an industry analyst.
