Ralph Nader: Thank you very much Jim and ASPO for this invitation and my condolences to Mr. Simmons. I want to cover a lot of ground in a very short Continue Reading
Everyone in the Peak Oil Community knows the danger of making predictions. Trying to call the future is a challenging project. But ASPO-USA and Peak Oil Review have combined to pull together predictions about what we can expect in 2011 from a wide range of thinkers, writers, scholars and experts, who graciously agreed to risk being wrong so that you can have the inside scoop!
Download Full PDF Peak Oil Review 1. Oil and the Global Economy During a holiday-shortened trading week in NY, oil traded as high as $91.63 a barrel before closing Thursday Continue Reading
“Fuel demand continues to strengthen, a positive sign for the economy.”
Download Full PDF 1. Oil and the Global Economy There has been very little movement in oil prices for the last two weeks. Since climbing from the low $80s in Continue Reading
We all remember the oil price run-up (and run back down) of 2008. Now, with prices similar to where they were in the fall of 2007, the question quite naturally arises as to whether we are headed for another similar scenario.
Of course, we know that the scenario cannot really be the same. World economies are now much weaker than in late 2007. Several countries are having problems with debt, even with oil at its current price. If the oil price rises by $20 or $30 or $40 barrel, we can be pretty sure that those countries will be in much worse financial condition. And while governments have learned to deal with collapsing banks, citizens have a “been there, done that” attitude. They may not be as willing to bail out banks that seem to be contributing to the problems of the day.
“The mistake is to read the market from London or New York; where there is a temptation to assume that the weakness of the local economies is the global reality. Continue Reading
Download Full PDF 1. Oil and the Global Economy Oil traded between $88-89 a barrel for most of last week with a quick excursion to a two-year high of $90.76 Continue Reading
“Oil seems to have everything going for it.”
Political prognostication is a dangerous game, but one of the certainties of the latest election was that the US will not be enacting any significant federal climate legislation. One could be forgiven for wondering what the election has to do with anything. In the two years previously during which the Democrats controlled Presidency, House and Senate, the US had failed also to enact any climate legislation, but we have moved from the faintest possible hope to none at all.
If inaction is certain on climate change, it may be that all is not entirely hopeless if we reframe the terms to addressing our carbon problem. Peak-oil activism could accomplish many of the goals of climate activists. Unlike climate change, peak oil doesn’t carry the ideological associations with the left that climate change does. Could peak oil provide a framing narrative for political action to address both climate change and peak oil? Certainly, a great deal would have to happen in order to accomplish this. But peak oil is a sufficiently powerful and pressing issue that its profile could be raised, particularly if current climate activists were willing to change their focus from the means of achieving consensus on climate change to the end of achieving emissions reductions.
Download Full PDF 1. Oil and the Global Economy Oil prices have had a spectacular two weeks. After trading for a week around $81 a barrel, prices climbed steadily to Continue Reading
http://aspo.tv/2010-peak-oil-conference/dr-james-schlesinger-keynote-address/ Dr. Schlesinger “Thank you very much. Between us, I cannot emulate the erudition that was displayed at the last session. But I am delighted to be here nonetheless and Continue Reading
“Recent data releases continue to show a phenomenal pace of recovery in global oil demand.”
Download Full PDF 1. Oil and the Global Economy After rebounding from recent lows on Wednesday, oil traded around $84 for the remainder of the week. As has been the Continue Reading
Peak oil activists and the mass media have had a rocky relationship. Activists often don’t understand how the media works and can’t fathom why reporters and editors are not better informed about energy issues. Those working in the media are constrained by the interests of their advertisers, their corporate owners and the necessity of focusing on ratings and circulation.
You know, knowing the nature of the disease is usually an essential first step to finding a cure. And so too, it is with a recession. Knowing the true nature Continue Reading
“With price increases largely reflecting scarcity in export supply, global competition for securing foodstuffs is set to intensify.”
Download Full PDF 1. Oil and the Global Economy Oil prices, which had been falling for a week on concerns about the Irish debt crisis and Chinese inflation, stabilized around Continue Reading
(Note: There is so much bad news in telling the Peak Oil story that we thought we would lighten things up a bit with a little satire. Ed.) Paris – Continue Reading
View the videos from the 2010 ASPO-USA Peak Oil Conference in Washington, D.C. http://www.aspo.tv
“Recovery of deepwater drilling in US waters will be very slow and will take several years.”
Download Full PDF 1. Oil and the Global Economy It was an unusually active week with oil prices setting a new two-year high above $88 on Thursday and then plunging Continue Reading
To everyone’s collective enormous relief, the IEA’s 2010 World Outlook reassured the world that while oil prices may rise and conventional crude oil production may have peaked in 2006, we don’t have to worry about dramatic, longer-term energy-price increases. IEA predicts a gradual creep towards $113 per barrel by 2035. By 2015, we do have to worry that we might get up to $90 per barrel, with the high costs that imposes on ordinary people and the burdensome effects on the economy, but we’ve got five years, we are assured.
“Without a government, there’s no stability, and without stability, it is not easy to invest,”
A small subset of the public (1) believes in both global warming and peak oil and (2) takes the corollary view that only believing in at least one of the Continue Reading