In the last few days, two important reports on the prospects for world oil production were “released.” While these reports reach diametrically opposite conclusions, each of them, in its own way, is likely to make a contribution to the debate over just when the economic troubles occasioned by the peaking […]
The U.S.’s gasoline stockpile situation is quiescent at the minute as we wait to see how much foreign gasoline our oil companies can find to import this summer and whether the Atlantic will start spinning hurricanes toward our shores as forecast.
Earlier this month, the Governor of Virginia issued what is sure to be one of many orders, laws and regulations mandating greater efficiency in the use of energy. Although justified in terms of saving taxpayer money, wise use of natural resources and reducing greenhouse gases, the order serves equally well […]
Last week the Government Accountability Office released its long-awaited report on peak oil. This report is clearly a milestone on our journey through the oil age for it is the first time the staff of a major government agency has looked at the issue and concluded that peak oil is […]
Last week Portland, Oregon became the first governmental body in the US to not only acknowledge that imminent peak oil is a reality, but also to publish a plan as to what the city should be doing to cope. Breaking new ground has both its perils and its rewards. The […]
Last week I discussed how the great crisis could be thought of as four interrelated sub crises: peak oil production, peak oil exports, climate change, and economic decline. Each of these will have an impact on the others and the order in which they arrive and interact with each other […]
Looming just over the horizon are four great storms that soon will have a major impact on nearly all the world’s peoples and their descendents for decades to come. We know these storms are coming, for we can clearly see their outlines and some are already beginning to feel the […]
If you are in the energy business then “CERAWeek,” a convention in Houston put on by the energy consulting firm Cambridge Energy Research Associates (CERA), was the place to be last week. Attending this “world renowned event” were some 1,600 “CEOs, sheiks, professors, analysts and energy decision makers,” who paid […]
In the months after 9/11 there was much discussion about the American government’s failure to “connect the dots.” Hints and clues that Al Qaida was about to launch airborne suicide attacks inside the US abounded but nobody put the bits and pieces together into a convincing warning.
The first congressional hearings on peak oil were held in December 2005 when a subcommittee of the House Energy and Commerce Committee had a half-day session devoted to the topic. At the hearing several luminaries of the peak oil community testified that indeed the world was about to start running […]