I am frequently asked “What is going to happen to us?” and the honest answer of course is we really don’t know in any detail. The world has never been to peak oil before and there are so many factors that will affect a world in oil depletion, it is […]
Tag: peak
The Peak Oil Crisis: A Message from Houston
We gathered at a hotel near the Convention Center, some 525 of us from 18 countries and 36 states attending the Association for the Study of Peak Oil-USA’s 3rd annual conference. The PowerPoints flashed by at mind-blowing speed as speaker after distinguished speaker shared the latest thoughts and insights into […]
The Peak Oil Crisis: Confusion
When the Wall Street Journal runs a story entitled “Oil Prices Could Go Either Way,” you can be sure there is confusion in the land. In preparing the story, the Journal’s reporter called the usual array of Wall Street energy gurus and got sharply mixed responses. Some thought oil prices […]
The Peak Oil Crisis: On Contemplating $100 Oil
For the last few days, the press has been full of stories about the possibility of oil reaching $100 a barrel this winter. As prices have been bouncing around in the low $80s for the last couple of weeks, another $20 increase will do it. The theory behind the $100 […]
The Peak Oil Crisis: Has the Media Become the Message?
With every passing month, evidence peak world oil production has either passed or is getting very close becomes stronger. Last week, the world peak oil conference in Ireland, heard that the best available data now suggests there may only be about 250 billion barrels of oil left to find rather […]
The Peak Oil Crisis: Virginia
It has been a busy week on the peak oil front. On Monday, former U.S. Secretary of Energy and Defense, James Schlesinger told the world peak oil meeting in Ireland that, indeed, imminent peak oil is for real and we should get on with doing something about it. On Tuesday, […]
The Peak Oil Crisis: Hurricanes and Meltdowns
Earlier this week Hurricane Dean slammed into the Yucatan peninsula and crossed over into the Bay of Campeche where some 1.5 million of the 10 million barrels the U.S. imports every day are produced. While it is too early for a full damage assessment, at best a few days […]
The Peak Oil Crisis: The Credit Crunch
Last week the price of oil went down, down, down, until Friday when word arrived that a tropical wave, which could turn into the first serious storm of the 2007 hurricane season, had just slid off the Africa coast.
The Peak Oil Crisis: The Next 9/11
How ironic that what could turn out to be the seminal OPEC meeting of all time should be scheduled for September 11. Depending on the outcome, the oil age might continue merrily along for another few years or might undergo radical change before the year is out. Let’s review the […]
The Peak Oil Crisis: Hard Truths
During the past week, dozens of stories have appeared in the world’s press commenting on the National Petroleum Council’s new report entitled “Facing the Hard Truths about Energy — A comprehensive view to 2030 of global oil and natural gas.” This report is deemed important because it represents the official […]
