Last week’s column explored the options for powering vehicles when supplies of imported petroleum and products start to decline. At present it appears that biofuels, natural gas, and electricity are the only alternatives that will be available in large deliverable, quantities in the next ten or 20 years. While […]
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 […]
WASHINGTON — Iraq’s politicians are trying to figure out how to share the country’s oil wealth, estimated to be the second or third largest petroleum cache in the world.