[rawstory.com]By Stephen C. Webster
Two International Energy Agency whistleblowers have come forward with startling claims about the world's supply of crude oil, according to a report published Tuesday.
"We'" [...]
[rawstory.com]Two International Energy Agency whistleblowers have come forward with startling claims about the world's supply of crude oil, according to a report published Tuesday.
"We'" [...]
Prepare for a radically different lifestyle as global crude oil production peaks and begins to decline.
You will never see cheap gasoline again. You will probably never see cheap energy again. Oil, natural gas and coal are set to peak [...]
Christopher Steiner looks ahead and projects, $2 at a time, how rising gasoline prices will transform civilization.
By Matthew DeBord
During the summer of [...]
Put a group of oil experts under one roof for a while and their discussion is likely to drift to the subject of peak oil — a point in time when maximum oil production is reached, after which it goes into permanent decline.
The advent of peak oil [...]
When it's time to fill up the gas tank, many fear the price of gas will return to the $4-a-gallon days of last summer. But according to author Chris Steiner, our lives would be a lot happier and healthier if gas prices rose into' [...]
By Richard Heinberg
On July 11, 2008, the price of a barrel of oil hit a record $147.27 in daily trading. That same month, world crude oil production achieved a record 74.8 million barrels per day.
For years prior to this, a growing legion of' [...]
By Barbara Yaffe
Oil at $200 a barrel is not far off and with it a new world order that will see the demise of globalization.
That prediction is put forward in a new book by well-known Canadian economist Jeff Rubin: Why Your World Is [...]
By Barbara Yaffe
Oil at $200 a barrel is not far off and with it a new world order that will see the demise of globalization.
That prediction is put forward in a new book by well-known Canadian economist Jeff Rubin: Why Your World Is [...]
By Joanna Schroeder
Under the surface we seem to have a lot of it. It’s fairly inexpensive but this is changing as demand rises to meet increased energy needs especially in countries like China. So we have a lot, its cheap, let’s use it, what’s the problem? [...]
Are you 'coping' or 'freaking out' about Peak Oil?
What's a 'normal' reaction to learning about a post-oil world?
Fear? Anxiety? Shock? Depression?
No one really knows.
Many people say preparation is "90% mental," but how do you separate out what's "mental" [...]
Falls Church News-Press Online
By Tom Whipple
Since the beginning of the economic troubles some 18 months ago, the question on nearly everyone's mind was; "When will the recovery begin?"
A lot of water has gone over the dam in the last 18 months. An official recession has been' [...]
By Jonathan Eley
Debate has raged about 'peak oil' ever since Shell geologist M. King Hubbert first outlined the theory in 1956. It's the idea that once around half the world's reserves of oil have been extracted, production enters a slow and inevitable decline that no [...]
By Mohammed J. Herzallah
Canadian economist Jeff Rubin has a somewhat oracular reputation. Since 2000, he has predicted a massive oil-price spike, and he was among the first in 2007 to prophesy that oil would soar over $100 per barrel (a few months later, he said [...]
Falls Church News-Press Online
By Tom Whipple
A couple of weeks back the peak oil community received a letter from an officer serving with our forces in Iraq.
Despite numerous distractions in Iraq these days, this officer is so concerned that peaking world oil production will soon [...]
By Michael T. Klare
Every summer, the Energy Information Administration (EIA) of the U.S. Department of Energy issues its International Energy Outlook (IEO) -- a jam-packed compendium of data and analysis on the evolving world energy equation. For those with the background to interpret its key statistical [...]
Falls Church News-Press Online
By Tom Whipple
In the last few weeks there have been a number of developments that may provide an insight into the next few years - but first let's review.
We, in America, are deep in the midst of a four-sided crisis.' [...]
Vaunted cap-and-trade bill does nothing about oil dependence
By Gal Luft
Now, when the first signs of economic recovery may be in sight, it's time to ponder what kind of recovery we are likely to witness. Will it be the traditional V-shaped recovery in which economic' [...]
By Owen B. Ray
The debate continues to rage as to the exact date when “peak oil” production will occur, and some of the doomsayers claim that oil production may peak during our lifetimes. The resulting decline in reserves will supposedly cause massive shortages, [...]
Dave Hughes’s guide to the end of the fossil fuel age
By Chris Turner
Dave Hughes is driving north on Highway 2. Headed out of Calgary, where he worked for thirty-two years at the Geological Survey of Canada, mapping the nation’s coal reserves. Bound for Edmonton, where [...]
By Larry Elliott
Back in the 1970s, North Sea oil was seen as the saviour of the British economy. The money would be spent modernising industry so that it could play in the big league with the Germans, the Japanese and the Americans. Instead, we spent the money [...]
Russia has warned that military conflicts over energy resources could erupt along its borders in the near future, as the race to secure oil and gas reserves gains momentum.
A Kremlin policy paper, which maps out Russia's main challenges to national security for the next decade,' [...]
Estimates of how much crude oil we have extracted from the planet vary wildly. Now, UK researchers have published a new estimate in the International Journal of Oil, Gas and Coal Technology that suggests we may have used more than we think.
The idea that we [...]
jameshowardkunstler.typepad.com
By Jim Kunstler
Euphoria managed to out-run swine flu last week as the epidemic-du-jour, with "consumer" confidence jumping and the big bank stocks nudging up. The H1N1 virus fizzled for now, at least in terms of kill ratio, though we're warned it might boomerang in the' [...]
By Daniel O'Sullivan
If you thought that the slump in crude prices from their $147 per barrel zenith last July spelled the end of 'peak oil' theories, think again. One US brokerage thinks that, far from approaching the mythical peak, we are in fact already past' [...]
Happy Earth Day! Bet you’re not as committed to “sustainable living” as these 22 Portlanders.
By Adrienne So
It’s 9 am on a Thursday, and the thermostat in my 1999 Volkswagen Bug registers 36 degrees. If I were going to work, I’d be [...]
Eco-minded drivers in drought-prone states take note: A new study concludes that producing electricity for hybrid and fully electric vehicles could sharply increase water consumption in the United States.
In the study, Carey W. King and Michael E. Webber note that policy makers often neglect the [...]
By Tom Whipple
In the next few years, most of us are going to have to make many important decisions that will profoundly affect the rest of our lives. How soon these decisions come will depend on one's individual circumstances.
If you are one' [...]
A Farm for the Future, a BBC documentary about the prospects of agriculture after peak oil, is now available through Google Video. The program, which was made by the wildlife filmmaker Rebecca Hosking, begins on a conventional farm owned by Ms. Hosking’s father in England’s South Devon region. [...]
By Tom Whipple
Earlier this week the Associated Press grappled with the issue of whether or not the current economic downturn has reached the point that it can be called a depression. After consulting many learned scholars the answer seems to be that it [...]
Ploughing resources into the use of natural gas as an alternative energy supply could lead to global shortage within 20 years time, according to a leading energy expert.
Professor in Physics at Uppsala University in Sweden, Kjell Aleklett, says reliance on natural gas – believed by many [...]
By Jim Kunstler
Isn't that a question, though....
The Peak Oil story was never about running out of oil. It was about the collapse of complex systems in a world economy faced by the prospect of no further oil-fueled growth. It was something of a shock' [...]
By Cathal Kelly
While panic is not the prescription, experts are warning that the time to begin taking Peak Oil seriously is past.
"It's not about believing. It's about facts," said Gord Miller, Ontario's environmental commissioner. Miller has been warning about Peak Oil for years. He' [...]
By Tom Whipple
A few years ago, peak oil was relatively easy to understand. At some point in the future, and estimates varied as to exactly when, oil production was going to start declining due to a combination of geologic and geopolitical factors, prices were [...]
By Dave Bennett
Survival is a universal topic of discussion these days, given clearly evident faltering economies, climate change and rapidly diminishing resources.
Three recent books offer guidance from seemingly disparate authors. Cy Gonick -- editor of Canadian Dimension magazine -- has assembled a well-ordered [...]
By Barry Critchley
Henry Groppe, founder of Houston-based Groppe, Long & Littell, is 83 years old, a vegetarian and has been a forecaster in the oil and gas business since 1955. And he is not afraid to go against the conventional wisdom. One year back he predicted [...]
By Tom Whipple
As the economy spirals deeper and deeper into an economic morass, Washington's attention this week is focused on the $900 billion economic stimulus package that is making its way through the Congress.
Opinions as to the efficacy of this effort are' [...]
By Tom Whipple
Our wish has been granted for we are indeed living in interesting times. The world's economy is either collapsing or is putting on a very good imitation of doing so.
Production of cheap, abundant fossil fuels is peaking and will' [...]
By Nick Ferguson
Forget about cheap gasoline, today's low oil price masks a looming energy crisis that could dwarf the current economic problems.
If you thought things couldn't get any worse than a collapse of the global financial markets, think again. The economic meltdown is a good [...]
By Tom Whipple
There has been a lot written lately about the coming demise of America's suburbs. The general thesis is that without cheap fuels for cars, lawnmowers and heating, suburban living will become untenable.
People will be forced to abandon their homes' [...]
By Sarah Kuck
As we draw nearer to reaching the point of Peak Oil, it benefits us to imagine what our cities will look like in a world without oil. Does this conjure up images of cities turned into urban farms just to produce enough food for [...]
By William Marsden
For more than a century it has been cheaper than coffee and as constant as ocean waves.
Getting it is simple. You select the grade, insert the nozzle, squeeze the handle and gasoline comes out. There seems no end to it.
Until [...]
Be Careful What You Wish For
By Michael T. Klare
Only yesterday, it seems, we were bemoaning the high price of oil. Under the headline "Oil's Rapid Rise Stirs Talk of $200 a Barrel This Year," the July 7 issue of the Wall Street Journal warned that' [...]
By Wayne Besen
I hate to keep coming back to cars, but in the last hundred years they have come to be one of the most significant facets of civilization - yet their future is in doubt.
Here in America they are clearly [...]
By Peter Goodchild
Around the beginning of the twenty-first century, there began a clash of two gigantic forces: overpopulation and oil depletion. The event went unnoticed by all but a few people, but it was quite real. As a result of that clash, the number of [...]
This is an interactive slide show. Click the link above to launch the slides in a popup window.
[...]By Dan Gardner
In Greek mythology, the enchanting songs of the Sirens lured unwary sailors to shipwreck and death. Today's Sirens are the roadside signs singing sweetly, "Cheap gas! Drink deeply and be at ease, weary traveller!"
After suffering record-high oil and gas prices earlier' [...]
By Jim Schumacher and Debbie Bookchin
Last week at a Christmas party in the hills of Umbria, we were part of a captive audience listening to an American businessman holding forth on an ever-popular expat subject - the dismal exchange rate of dollars to euros. He [...]
By Tom Whipple
If you don't understand what is going on with the price of gasoline and demand for the world's oil supply, then join the club.
Analysts, pundits, government officials, oil ministers, oil executives, and oil traders are all over the board [...]
George Monbiot puts the question to Fatih Birol, chief economist of the International Energy Agency - and is both astonished and alarmed by the answer
By George Monbiot
Can you think of a major threat for which the British government does not prepare? It employs an [...]
By Gwynne Dyer
Worried about "peak oil"? The International Energy Agency's annual report, "The World Energy Outlook 2008", admits for the first time that "although global oil production in total is not expected to peak before 2030, production of conventional oil...is projected to level off towards the end'" [...]
Dirty habit: Our refining and use of oil is polluting enough, but liquid coal-based substitutes will spell even worse news, researchers say.
By Holly Hight
The demise of the world's oil supply could worsen future climate change, researchers have warned.
The fear is that upon [...]
By Sulaimon Salau
Even though optimists in the energy sector have flayed the insinuations that the nation's oil reserve would dry up in the next 50 years, reports from the Department of Petroleum Resources (DPR) recently' [...]
By Dan Gardner
In Greek mythology, the enchanting songs of the Sirens lured unwary sailors to shipwreck and death. Today's Sirens are the roadside signs singing sweetly, "Cheap gas! Cheap gas! Drink deeply and be at ease, weary traveller!"
After suffering record-high oil [...]
As humanity wrings ever more fossil fuels from our planet, the question of when the taps will start to run dry — when "peak oil" will occur — looms ever closer on the horizon. Some say a decade, maybe two. Some say it's already passed. No one is [...]
By Patrick Takahash
A miracle has occurred. Many were beginning to contemplate a survival strategy because of the dual hammer of Peak Oil and Global Warming. But a funny thing happened on our way to doomsday. It is appearing that we are getting a reprieve, and, ironically, [...]
CEO also claims carbon-driven warming a 'myth' as Merrill Lynch predicts $25 a barrel oil
Joe Petrowski, CEO of Massachusetts-based Gulf Oil, has some good news for consumers.
In years past, market speculation inflated prices, said Petrowski. Now that the prices are deflated, speculators [...]
A lot of readers are twanging on me for refraining to castigate President-elect Obama for deeds yet undone. They're discouraged by the advisors and cabinet sectetaries he's picked, ostensibly because the crew coming in are Washington "insiders," meaning they can't possibly see or do things differently.
By Tim Stevenson
With the price of oil plummeting below $50 a barrel, shedding close to $100 since July, and commensurate readings appearing at the gas pump, people have something to feel good about during an otherwise dismal economic time. Unfortunately, it may mislead the less [...]
guardian.co.uk
A plunging oil price means cheaper petrol now – and no fuel later as industry investment shrivels
Comments…
By Michael Meacher
A snip at $48.50. Now that the price of a barrel of benchmark Brent crude continues to fall like a stone in the global recession, [...]
By Frosty Wooldridge
This past week, I attended a meeting in Denver, Colorado featuring Michael Brownlee, a speaker on the fastest growing organization in the 21st century. Over 900 cities across the globe participate in preparation for the coming resource crisis. For anyone who might be concerned as to the [...]
By Tom Whipple
Last week the Virginia Commission on Energy and the Environment held a day long meeting to hear testimony on the future role of electricity in the commonwealth.
Representatives of the various power companies serving the state testified as to their [...]
By Derrick Jensen
It is customary when writing to hide one's presumptions. The hope is that readers will flow along with the narrative and get swept up by the language until by the end they've reached roughly the same conclusions as the author, never realizing that [...]
By Tom Whipple
America has dug itself into the deepest hole it has been in since 1860 when the dispute over slavery reached its zenith.
That hole took five years of war and 150 years of social discord before we could start climbing [...]
By Ronald R. Cooke
Washington insiders are well aware of oil depletion. It has been the subject of at least four reports funded by the United States Government, more than a dozen books, and multiple independent reports. Congress has taken testimony. Key figures in Washington have [...]
By Ian Bremmer
(Excerpt) Over the next 25 years, the geopolitics ofoil will likely prove a bad news/good news story. The nearer-term bad news is that,while politically inspired upward pressure on oil prices will continue for the next several years, price fluctuations will be cyclical, [...]
By Carola Hoyos and Javier Blas
Output from the world’s oilfields is declining faster than previously thought, the first authoritative public study of the biggest fields shows.
Without extra investment to raise production, the natural annual rate of output decline is 9.1 per cent, the International Energy [...]
A taskforce of eight British engineering, utility and transport companies is predicting the world will reach peak oil in three to five years.
That's when oil drillers have reached the maximum they can produce and production starts to decline,
The taskforce has given three possible [...]
By Caroline Baum
Three months ago, the world was running out of oil.
Seriously. I kid you not. Everywhere you turned, you heard whispers that the day of petroleum reckoning was at hand.
Now there's too much oil, prodding OPEC to cut production targets for the [...]
By Peter Goodchild
Systemic collapse has ten principal parts, each with a somewhat causal relationship to the next. Fuel, metals, and electricity are a tightly-knit group, since no industrial civilization can have one without the others. As those three disappear, food and fresh water become scarce. [...]
Is there a ‘silver bullet’ that will take the place of petroleum as America’s primary fuel source?
By Peter Bishop
Energy is on everyone’s mind these days, particularly Houstonians, after we just spent weeks without electricity.
Imagine doing without electricity, natural gas, gasoline and water, [...]
By Tom Whipple
For weeks now the stock markets and commodity prices have been falling. Oil is currently trading around $76 a barrel which is close to a 50 percent drop since the middle of July.
Large portions of the credit world's markets [...]
By Jennifer Lance
I’m sure at tonight’s presidential debate, we will hear more of John McCain’s energy policy. I’ve recently read some enlightening information in The Bush League of Nations: The Coalition of the Unwilling, the Bullied, and the Bribed by James A. Swanson [...]
By Vivienne Walt
How far can it fall? People have been anxiously wondering as they watch the plunging stock market. But increasingly the same question is being asked about another crucial figure: the price of oil. It has plummeted nearly 40% in just three months, from about [...]
By Tom Whipple
Earlier this week The Washington Post's media critic, Howard Kurtz, published an apology on behalf of the media for its weak coverage of the multi-year run-up to the current financial debacle.
To quote the Post, "The shaky house of financial cards [...]
By Larry Bruce, Joe McClintock and John Holbrook
America’s approach to the transformational challenge of Peak Oil has resembled nothing so much as a Keystone Kops two-reeler. Not since Jimmy Carter has an administration demonstrated a commitment commensurate to the challenge, perhaps because [...]
Over the past year, American drivers have found themselves longing for the days when two dollars per gallon seemed expensive. Oil prices are rising at an unprecedented rate, and as a result, many are questioning whether the Earth's available oil supply has reached its peak. Are there [...]
By Janet Levy
Oil prognostication and exploration have come a long way since the first U.S. oil well was drilled in Pennsylvania in 1859. At the time, wood and coal were the primary sources of energy and the nation's petroleum supply consisted of crude oil that oozed [...]
By Bradford Plumer
Remember when $200-per-barrel oil looked inevitable? Or, at the very least, a $100-per-barrel plateau looked certain? Plenty of oil analysts thought that was just over the horizon (yes, I was also guilty of this). But now crude futures are hovering down around [...]
The industries that create energy — coal, wind, nuclear, ethanol, and, of course, oil and gas — all clamored to be heard at the Republican convention. At cocktail receptions and in hundreds of ads, each claimed to welcome the challenge of creating a cleaner, greener energy future.
[...]
By Raul Grijalva, (D) U.S. House of Representatives, Arizona
We are all experiencing high gasoline prices. The drilling-at-any-cost proponents link high gas prices to short supply and believe that if we open up protected federal coastal waters and interior public lands such as the Arctic National Wildlife Refuge [...]
By Jamais Cascio
I'm getting a shiver of deja vu these days when I read the peak oil-related websites. Some are boggling over the fact that "global warming" got more attention than "peak oil" in the discussions over the recently-passed Energy Bill in the US, while others are [...]
By Fabrice Taylor
The most surprising tidbit in Matthew Simmons' peak oil book, Twilight in the Desert, is about a dubious oil consultancy based in Austria.
If memory serves, the firm earned its keep counting oil tankers leaving major ports.
The data were keenly awaited [...]
Republican has often warned about oil dependence, but is anyone listening?
By Matthew Hay Brown
Charts at the ready, notes spread out before him, Rep. Roscoe G. Bartlett begins another address in the House of Representatives on the dangers of America's dependence on oil.
[...]
By Rod Dreher
Has the world already reached peak oil, a time of permanently high oil prices and shortages that will profoundly change our way of life? The answer, I think, is likely yes, but the proximity of this catastrophe is not the most important question to [...]
By Bill Wolfe
Demand growing. Supply shrinking - Get used to higher prices
Although I think they got the story wrong (i.e. by attributing the problem more to underinvestment in exploration and political restrictions on access to supplies, than to a decline in recoverable supply, or peak [...]
By Jad Mouawad
Oil production has begun falling at all of the major Western oil companies, and they are finding it harder than ever to find new prospects even though they are awash in profits and eager to expand.
Part of the reason is political. [...]
By Rod Dreher
Everybody go over to The American Conservative's site and read their new issue, all of which is available for free in PDF form. I want to draw attention to two articles of special note, neither of which is linkable, but both of [...]
By Bethany Parker
Unprecedented summer gasoline prices are squeezing Americans' wallets and also expanding their vocabularies, as terms like "peak oil" gain common usage.
Peak oil, economists say, is the point at which oil production maxes out: The easily available reserves are gone, and the cost [...]
Peak oil is the point at which worldwide oil production is reached. Once the oil supply peaks, petroleum extraction will decline, prices will increase and oil will become unobtainable.
In 1956, M. King Hubbert, an American geophysicist employed by Shell Oil, predicted that the United States [...]
By Bethany Parker
Unprecedented summer gasoline prices are squeezing Americans' wallets and also expanding their vocabularies, as terms like "peak oil" gain common usage.
Peak oil, economists say, is the point at which oil production maxes out: The easily available reserves are gone, and the cost of [...]
By Tom Whipple
For those who aren't ready to buy into the concept of world oil production going into decline in the next few years, there is a less worrisome subset making the rounds known as "peak oil lite."
Those adopting this outlook [...]
