Helping America Navigate a New Energy Reality

Archive for October, 2011

Lt. Col. Daniel Davis

By on 31 Oct 2011 in quotes with 0 Comments

“The heart of our request is the formation of a national oil emergency response plan. We are not demanding that the Department of Energy enact any specific policy change at this time, but rather set up a properly funded and sufficiently empowered commission to study the full range of potential consequences to the United States […]

Continue Reading »

Review October 31, 2011

By on 31 Oct 2011 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy As has been the case for several months, last week’s trading in oil futures was dominated by the twists and turns of the EU’s debt crisis. Hopes for a solution sent NY oil prices from the high $80’s to the low $90’s last week – closing […]

Continue Reading »

Americans Deserve the Truth about Potential Oil Crisis

By on 31 Oct 2011 in commentary with 7 Comments
Americans Deserve the Truth about Potential Oil Crisis

Last week we and other representatives of the Association for the Study of Peak Oil & Gas USA (ASPO-USA) stood on the steps of the U.S. Department of Energy (DOE) to call for “Truth in Energy” concerning one of the most serious threats to our economy, national security, and environment: the prospect of an impending decline in world oil supply. The consequences of this milestone are far-reaching and potentially catastrophic. After a news conference at DOE, we delivered a letter to Energy Secretary Steven Chu summarizing our concerns and requesting answers to specific questions about DOE’s response to this monumental challenge.

Continue Reading »

ASPO-USA Convenes News Conference at DOE, Presents Letter Calling for "Truth in Energy"

By on 26 Oct 2011 in Other with 4 Comments
ASPO-USA Convenes News Conference at DOE, Presents Letter Calling for "Truth in Energy"

Washington DC – ASPO-USA conducted a news conference today on the steps of the U.S. Department of Energy (DOE) headquarters to express deep concerns about the reliability of projections for future oil and gas supplies by DOE and the Energy Information Administration.  Representatives of ASPO-USA, delivered comments and presented a letter to DOE Secretary Steven […]

Continue Reading »

James D. Hamilton

By on 24 Oct 2011 in quotes with 0 Comments

“Most economists view the economic growth of the last century and a half as being fueled by ongoing technological progress. Without question, that progress has been most impressive. But there may also have been an important component of luck in terms of finding and exploiting a resource that was extremely valuable and useful but ultimately […]

Continue Reading »

Review October 24, 2011

By on 24 Oct 2011 in Peak Oil Review with 0 Comments

Download Full PDF ASPO-USA 2011 Conference – Peak Oil, Energy & the Economy November 2-5, Capitol Hill Hyatt Washington DC Get the latest research, analysis, and insights on Peak Oil, the ripple effects that a new energy reality will have on the economy and modern life, and response strategies for businesses, government, and communities. More […]

Continue Reading »

Oil and the Economy by Chris Martenson

By on 24 Oct 2011 in commentary with 7 Comments
Oil and the Economy by Chris Martenson

By itself, the concept of having to get by on just a little bit less oil each year seems to be manageable enough. Some think that a steadily, or even sharply, rising price will merely reduce demand and promote exploration and that everything will more or less normally work itself out through well understood market mechanisms. Perhaps it will, but I think the odds are stacked against a smooth transition to a future of less net energy.

Continue Reading »

IEA Chief Economist Fatih Birol

By on 17 Oct 2011 in quotes with 0 Comments

“In the next 10 years, more than 90% of the growth in global oil production needs to come from MENA (Middle East and North Africa) countries… There are major risks if this investment doesn’t come in a timely manner.”

Continue Reading »

Agenda for the 2011 ASPO-USA Conference

By on 17 Oct 2011 in commentary with 0 Comments

This week, we would like to present our agenda for the 2011 ASPO-USA Conference – Peak Oil, Energy & the Economy to be held November 2-5 (Wednesday – Saturday) in Washington DC.

Wednesday is a pre-conference day featuring visits with Congressional offices and Congressional staff. Thursday will focus on the latest information on oil and energy trends, and analysis of their implications for the economy. Friday will focus on strategies and opportunities to adapt to a new energy and economic reality. Finally, Saturday will focus on interactive roundtable sessions where YOU will have in-depth discussions with speakers and other invited guests.

Continue Reading »

Review October 17, 2011

By on 17 Oct 2011 in Peak Oil Review with 0 Comments

Download Full PDF ASPO-USA 2011 Conference – Peak Oil, Energy & the Economy November 2-5, Capitol Hill Hyatt Washington DC Get the latest research, analysis, and insights on Peak Oil, the ripple effects that a new energy reality will have on the economy and modern life, and response strategies for businesses, government, and communities. More […]

Continue Reading »

Review October 10, 2011

By on 10 Oct 2011 in Peak Oil Review with 0 Comments

Download Full PDF 1. Oil and the Global Economy After falling to one-year lows below $75 a barrel on Tuesday, oil prices rebounded by $6 a barrel on Wednesday on optimism that the EU ministers would find a way out of the ongoing financial crisis. NY oil futures closed at $82.98 a barrel and London’s […]

Continue Reading »

Weak World GDP Growth & "Peak Oil"

By on 10 Oct 2011 in commentary with 7 Comments
Weak World GDP Growth & "Peak Oil"

As we previously forecast, the decline in world oil production is likely to occur in the next 1-4 years, a year having passed since we forecast 2-5 years. Some believe that weak worldwide economic conditions will significantly extend the onset of decline. We believe that the delay will be essentially negligible.

Because of the myriad of variables, the timing of the onset of the decline of world oil production cannot be predicted with certainty. In the early 2000’s when we began our world oil production studies, we thought that future world oil production might peak sharply, similar to U.S. production, which sharply peaked in 1970.

Continue Reading »

Brad Plumer, Washington Post

By on 10 Oct 2011 in quotes with 0 Comments

“In the old days, Saudi Arabia had plenty of spare capacity and could always flood the market with extra oil if supplies got pinched. But that’s no longer the case. Global demand is growing too quickly, and the Saudis are running out of spare capacity. Nor will new, unconventional sources alleviate the problem entirely… However […]

Continue Reading »

Chris Skrebowski

By on 3 Oct 2011 in quotes with 0 Comments

“Unless and until adaptive responses are large and fast enough to constrain the upward trend of oil prices, the primary adaptive response will be periodic economic crashes of a magnitude that depresses oil consumption and oil prices. These have the effect of shifting consumption from incumbent consumers-the advanced economies-to the new consumers in the developing […]

Continue Reading »

Review October 3, 2011

By on 3 Oct 2011 in Peak Oil Review with 0 Comments

Download Full PDF ASPO-USA 2011 Conference – Peak Oil, Energy & the Economy November 2-5, Capitol Hill Hyatt Washington DC Get the latest research, analysis, and insights on Peak Oil, the ripple effects that a new energy reality will have on the economy and modern life, and response strategies for businesses, government, and communities. More […]

Continue Reading »

Three Strikes and You Are Out?

By on 3 Oct 2011 in commentary with 1 Comment
Three Strikes and You Are Out?

Daniel Yergin’s 2004 and 2005 Predictions for Oil Prices, Production and Exports – Three Strikes and You Are Out?
Daniel Yergin, whom the media have consistently designated as one of the world’s premier experts on energy matters–and who has a consistent track record of predicting higher oil production levels–has been very visible of late, especially with a full page essay in the Wall Street Journal, focused on why concerns about Peak Oil are misplaced.

Continue Reading »

Top