Category: Other

Across Nigeria, the consistent rise in the cost of diesel fuel to power electric generators Continue Reading

Everyone is a genius in a bull market —old financial saying Disbelief in magic can Continue Reading

World oil consumption will rise for the first time in two years in 2010 as Continue Reading

Hope is the thing with feathers That perches in the soul, And sings the tune–without Continue Reading

Oil prices climbed from $65 to $68 a barrel last week largely on strength in Continue Reading

Peak Oil Task Force Report: If San Francisco is to thrive in the 21st century Continue Reading

Using a coupled climate and carbon cycle model is appropriate if you want to want to estimate future anthropogenic emissions from presumably vast fossil fuel resources, but such a model does not capture what might actually happen “on the ground” in the real world. A prompt transition from oil to coal-based liquids is clearly impossible, as I’m sure—I’m hopeful— Caldeira would admit.

Starting in the vicinity of $60 a barrel on Monday, oil prices closed at $63.56 Continue Reading

Largely unreported in the western press are the devastating effects that electric power shortages are Continue Reading

Many who are counting on a rapid economic rebound in China to lead the world Continue Reading

OPEC countries will trim shipments by 0.8 percent to 22.55 million barrels a day in Continue Reading

The dysfunctional symbiosis between the two countries should be a familiar story by now: Americans consume more than they produce, the Chinese produce more than they consume. Americans are spendthrift, the Chinese are frugal. The Chinese make the stuff Americans buy. Americans run large trade deficits, while the Chinese have a large trade surplus. The Chinese manipulate the value of the Renminbi (the Yuan) to keep the imbalance going. The Chinese buy our debt but will not abandon the dollar…

Since touching a high for the year above $73 a barrel last month, oil prices Continue Reading

The US government has never had so many balls in the air at the same Continue Reading

Output from the first wells drilled at Exxon Mobil’s Horn River basin shale-gas field in Continue Reading

There are more than 250 million vehicles on the road in the U.S., and of Continue Reading

It is hardly an exaggeration to say that humanity has reached a fork in the road, and future generations await our decision. Our energy & economic prospects are at stake, and these two necessities are inextricably linked. At such turning points, it is natural for apprehension to cloud our judgment. We want to hang on to what we have, or improve upon it, but our uncertainty is greater than our ability to discern the long-term future. The only things that seem clear are that the future will not resemble the past, and must not resemble it.

Crude prices started the week firmly as traders hoped for an improvement in the US Continue Reading

Layer upon layer of confusion pervades the discussion of why oil prices have been so volatile over the last 3 years. People often yearn for simple explanations. Some want somebody to blame, while others hold on to cherished theories. In these cases observers demand a Black Or White view of events which caricatures more complex realities.

(clips from recent Peak Oil News dailies are indicated by date and item #) Kuwait’s Continue Reading

Crude prices gyrated within a dollar or two of $70 a barrel last week as Continue Reading

By a narrow vote of 219 to 212 the 1200-page Waxman-Markey climate change legislation passed Continue Reading

In 2000, Saudi Aramco had just one offshore drilling rig active. By early 2009, the Continue Reading

Will we have a shale gas boom? I’ve described the contentious argument among those who follow the natural gas industry. Generally, my sympathy lies with skeptics like Art Berman. As someone who has written extensively about peak oil, I’ve encountered the human proclivity to hype a situation far beyond any semblance to reality time and time again… Nevertheless, I’m going to say the jury is still out on this one. That’s not a cop-out, because the verdict will be in very soon, certainly within the next few years.

In the last few months, Iraqi oil exports have been hitting post-invasion highs as oil Continue Reading