Month: November 2011

If one can’t rely on Daniel Yergin for soothing reassurances about the state of the global oil market, who you gonna call?

Daniel Yergin and his associates at Cambridge Energy Research Associates (CERA) have consistently predicted a 20% to 25% increase in global total liquids production (which consists of crude oil, condensate, natural gas liquids, refinery gains and other liquids such as low net energy biofuels).

Reasons for interest in electric power generation from wind are multifold. First, wind is a renewable energy source. It is not likely to deplete over time, which is not the case for oil, coal, and natural gas.

Second, wind electric power generators use no water, which is in declining supply in many places in the world.

The 2011 ASPO-USA Conference, held in Washington, DC November 2-5, in the shadow of the U.S. Capitol, attracted more than 300 participants from many walks of life. These attendees were brought together, presumably, by a belief that we are entering an era of inexorable decline in fossil fuel production and a desire to face head-on this very serious yet underreported predicament.