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 […]
Tag: prices
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: July 2007
While waiting for the formal release of the of National Petroleum Council’s report on the prospects for world oil and gas production, it seems like a good time to review the general peak oil situation prior to what many believe may be difficult times later this year.
The Peak Oil Crisis: Is Anyone Listening?
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.
The Peak Oil Crisis: Twin problems
As we move into June, we are still confronted with a pair of energy crises that have the potential to upset our way of life. At the global level, worldwide oil production has been stagnant for the last two years. This is true for all the various kinds of liquid […]
The Peak Oil Crisis: Alarms Are Sounding
Across the world alarm bells are starting to clang. Above every gas station, a large sign is proclaiming that prices are on an unstoppable climb towards un-affordability. In Paris, the International Energy Agency has announced that the demand for oil is likely to exceed the supply later this year, unless, […]
The Peak Oil Crisis: Week Twelve
For three months now, US gasoline stockpiles have been dropping steadily. Nationwide, gasoline prices jumped 10.2 cents a gallon last week to an average of $2.97 and $3.46 around San Francisco.
The Peak Oil Crisis: Situations To Watch
Evidence is mounting that oil prices will soon climb to new, perhaps unaffordable for many, highs. Some think “soon” is three, four, or five years away. Others think “soon” may be as close as three, four, five, or six months. It is this latter scenario in which oil and gasoline […]
The Peak Oil Crisis: The Portland Report
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 […]
