“In its simplest form, Peak Oil means that just as oil production in the US peaked in 1970 and began to decline, so shall global production do the same. Once Continue Reading
Download Full PDF 1. Oil and the Global Economy Oil prices were little changed last week as the European sovereign debt crises and the various upheavals and machinations taking place Continue Reading
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).
“You can’t talk about our economy or foreign policy without talking about energy. With a growing global population and a finite supply of fossil fuels, the need to diversify our Continue Reading
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.
Download Full PDF 1. Oil and the Global Economy London and New York oil prices went their separate ways for a day last week as it was announced that the Continue Reading
“Governments need to introduce stronger measures to drive investment in efficient and low-carbon technologies. The Fukushima nuclear accident, the turmoil in parts of the Middle East and North Africa and Continue Reading
Download Full PDF 1. Oil and the Global Economy A number of factors combined last week to push oil prices to a three-month high, the longest run of weekly price Continue Reading
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.
“Our moment in history is rather special. It is dangerous to assume that we’ll gracefully handle problems at this scale, because such assumptions amount to dismissals and concomitant inaction… It Continue Reading
Download Full PDF 1. Oil and the Global Economy Despite a week of turmoil in Europe, oil prices continued to creep up despite the likelihood of still more serious troubles Continue Reading