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Archive for August, 2011

Review August 29, 2011

By on 29 Aug 2011 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy NY oil climbed a couple of dollars a barrel on Monday, then continued to trade around $85 for the rest of the week. The driving factors last week were how fast Libya would resume significant oil exports and whether the US Federal Reserve would resume quantitative […]

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Matthew Nisbet, Associate Professor at American University

By on 22 Aug 2011 in quotes with 0 Comments

“A strong majority of Americans say it is likely that oil prices will triple in the coming five years and that such a tripling would be harmful both to the economy and to public health. Conservatives and those dismissive of climate change are among the most concerned by the threat of a major spike in […]

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Review August 22, 2011

By on 22 Aug 2011 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy Oil prices rose steadily through Wednesday, fell sharply on Thursday, and stabilized on Friday. The underlying tension between concerns over the advent of a demand-killing recession vs. increasing demand for oil in Asia coupled with stagnant global oil production is behind the volatility. NY oil climbed […]

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Where would we be today, without the fall of the Soviet Union?

By on 15 Aug 2011 in commentary with 5 Comments
Where would we be today, without the fall of the Soviet Union?

Back in the 1960s and 1970s, the country that was the “big growth story” was the Soviet Union. Its oil consumption grew by leaps and bounds. Its space program grew; its military program grew; and it became much more industrialized. But then something happened to stop the amazing growth story. The Soviet Union became the Former Soviet Union (FSU) in late 1991, and even before that, oil production and consumption slowed.

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Review August 15, 2011

By on 15 Aug 2011 in Peak Oil Review with 0 Comments

Download Full PDF Truth in Energy: ASPO-USA 2011 Peak Oil & Energy Conference Washington, DC, November 3-5 2011; Register now and save($); for more information visit www.peak-oil.org 1. Oil and the Global Economy Last week was one of the more volatile ones in recent memory with NY oil prices gyrating between $85 and $75 a barrel […]

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Jeremy Grantham, quoted in a NYT profile

By on 15 Aug 2011 in quotes with 0 Comments

“People are naturally much more responsive to finite resources than they are to climate change. Global warming is bad news. Finite resources is investment advice.”

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Matthew Simmons (April 7, 1943 – August 8, 2010)

By on 8 Aug 2011 in quotes with 0 Comments

“If the inevitability of peak oil is ignored and the event overtakes us unprepared, the unintended consequences could easily spiral into a sequence of ever-worsening conditions that would create not just twilight in Saudi Arabia, but twilight also for the lifestyles we all now enjoy.”

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Review August 8, 2011

By on 8 Aug 2011 in Peak Oil Review with 0 Comments

Download Full PDF Truth in Energy: ASPO-USA 2011 Peak Oil & Energy Conference Washington, DC, November 3-5 2011; Register now and save($); for more information visit www.peak-oil.org 1. Oil and the Global Economy It was one of the most volatile weeks in recent memory with oil prices fluctuating over a $6 range during three separate […]

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The ELP Plan: Economize; Localize & Produce

By on 8 Aug 2011 in commentary with 1 Comment
The ELP Plan: Economize; Localize & Produce

In this article I will further expound on my reasoning behind the ELP plan, otherwise known as “Cut thy spending and get thee to the non-discretionary side of the economy.”

I have been advising anyone who would listen to voluntarily cut back on their consumption, based on the premise that we were probably headed for a period of deflation in the auto/housing/finance sectors and inflation in food and energy prices.

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Review August 1, 2011

By on 1 Aug 2011 in Peak Oil Review with 0 Comments

Download Full PDF Truth in Energy: ASPO-USA 2011 Peak Oil & Energy Conference Washington, DC, November 3-5 2011; Register now and save($); for more information visit www.peak-oil.org 1. Oil and the Global Economy Last week’s oil trading was again dominated by Washington’s debt ceiling debate, with NY futures falling by 4.2 percent to $95.70 a barrel. […]

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President Barack Obama

By on 1 Aug 2011 in quotes with 0 Comments

“This agreement on fuel standards represents the single most important step we’ve ever taken to reduce our dependence on foreign oil.”

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