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Peak Oil & AlienWorld News |
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September 25, 2009
G20 to police new world economic order
Telegraph.co.uk
The move means the G20 supplants the G7 and G8 - institutions dominated by rich Western economies, which will now remain forums for discussing geopolitical issues, diplomats said.
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September 24, 2009
New Oil Discoveries Aren't Enough To Combat Supply Crunch
Jay Yarow
Oil companies have made a number of new discoveries this year the New York Times reports, but it's not enough to stave off a looming supply crunch.
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September 23, 2009
U.S. Debt Crisis May Cause ‘Fall of Rome’ Scenario, Duncan Says
Patrick Rial
Sept. 23 (Bloomberg) -- U.S. budget deficits will continue to pile up in the next decade, eventually reaching an unsustainable level that may result in an economic collapse, according to Richard Duncan, author of “The Dollar Crisis.”
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September 22, 2009
Kuwait field could see output decline without IOCs
Kevin Baxter
A member of Kuwait's Supreme Petroleum Council has said that the world’s second largest oilfield may see a decline in output without the expert assistance of international oil companies (IOCs).
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September 22, 2009
Living Through The New Energy Crisis
(CBS)
Michael T. Klare
The debate rages over whether we have already reached the point of peak world oil output or will not do so until at least the next decade. There can, however, be little doubt of one thing: we are moving from an era in which oil was the world's principal energy source to one in which petroleum alternatives -- especially renewable supplies derived from the sun, wind, and waves -- will provide an ever larger share of our total supply. But buckle your seat belts, it's going to be a bumpy ride under `Xtreme' conditions.
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September 21, 2009
Nuclear must be part of energy equation
Marvin Fertel
ENERGY Secretary Steven Chu turned NIMBYism on its head recently when he told National Public Radio listeners that he would rather live close to a nuclear power plant than to a coal-fired power plant.
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September 20, 2009
Oil Crisis was a Peak into the Future
Chris Arsenault
VANCOUVER—Jeff Rubin doesn't fit the typical profile of an interview subject for The Dominion. For more than a decade, he was Chief Economist at CIBC World Markets, one of Canada's largest investment banks. Rubin recently broke ranks with the financial crowd to publish his book, Why Your World is About to get a Whole Lot Smaller. The man once touted as Canada's top economist now predicts the end of globalization because of triple-digit oil prices.
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September 18, 2009
Protectionism rising despite G-20 vows on trade
Tom Raum
WASHINGTON — Leaders of the world's 20 top economies vowed to resist protectionism last November and again in April as they charted a joint strategy for confronting the worst global downturn in generations. As they meet again, they'll get this progress report: Most of their economies are on the mend — and trade tensions and protectionism are on the rise.
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September 17, 2009
The Peak Oil Crisis: The Next Price Spike
Tom Whipple
The peak oil thesis holds that the cessation of further growth in world oil production will be accompanied by wild price swings as the world attempts to adjust to the new state of affairs.
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September 17, 2009
Would You Know How to Survive After the Oil Crash?
Tara Lohan
Do you know how to make shoes? Can you build a house? How about grow food? Do you have a doctor and a dentist in your circle of friends?
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September 17, 2009
Can we predict the next world crisis?
Andrew Marshall
SINGAPORE (Reuters) - A year after the implosion of Lehman Brothers sent world markets into turmoil, the question of where the next global shock will come from -- and whether it can be predicted and prepared for -- has never been so urgent.
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Semptember 11, 2009
Our energy industry 'unsustainable'
Marian Wilkinson
AUSTRALIA has been rated as being at ''extreme risk'' in a new report because its heavily polluting energy industry is considered unsustainable in a world struggling to deal with climate change.
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September, 9 2009
Birth control could head off climate crunch
Gerard Wynn and Nina Chestney
LONDON (Reuters) - Birth control and new technologies -- not lifestyle change alone -- may be needed to head off a combined climate, food and energy crunch later this century, said the head of Britain's science academy Martin Rees.
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September 8, 2009
Signs of peak oil: Here and growing louder
Posted by Greenbang
Why, in the midst of a global recession, are oil prices hovering in the $70-a-barrel range, when $30-odd a barrel was considered a good price for the market just a couple of years ago?
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September 8, 2009
Transition Towns project helps kick oil addiction
Graham Readfearn
FOR anyone unfortunate enough to have been in the grip of alcoholism, the first of the customary 12 steps to freedom comes by admitting that it's an addiction which is making their lives unmanageable.
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September 7, 2009
The New Rules: The Growing Global Middle Class and Its Demands
Thomas P.M. Barnett
In what some experts are calling the third great wave of outsourcing -- after manufacturing and services -- cash-rich Arab and Asian governments are buying up arable farmland (read: water rights) all over the developing world. Naturally, the worst-case artists in my field of national security see only one possible outcome: a long, steady decline into a chaotic, Mad Max-like dystopia, characterized by that favorite of the alarmist set -- resource wars.
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September 7, 2009
The economic collapse of America - what the future may hold
Maryann Tobin
There is evidence to suggest that some elements of all 5 stages of economic collapse have already occurred in America. The trigger that brought us to Stage 1-Financial Collapse, occurred in 2008 with the banking bail out and creation of the Troubled Asset Relief Program, known as the TARP fund.
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September 6, 2009
What the IEA Doesn't Want You to Know About Peak Oil
Lionel Badal
“We are facing a serious threat”
Dr. Fatih Birol, Chief-Economist of the International Energy Agency (the agency which advices OECD countries on oil, including the US) and “one of the most powerful men on earth” according to the British newspaper, The Guardian[1] has lately attracted extensive media attention.
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September 4, 2009
Oil Spin
Ignore the optimists. Peak oil is real
Matthew Simmons
Last week, four of the world's most outspoken oil aficionados waded into the controversy of peak oil, publishing articles packed with myth and distortion. This "Gang of Four" all claimed the issue was silly, moot, or simply a myth. The four pieces were Pulitzer Prize-winning author Daniel Yergin's seven-page article in Foreign Policy, energy analyst Michael Lynch's three column op-ed in the New York Times, analyst Edward Morse's essay in Foreign Affairs, and scholar Amy Jaffe's paper published by the Baker Institute at Rice University.
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September 3, 2009
UNC professor makes progress on new peak oil class
Morgan Josey Glover
I checked in today with UNC physics professor Gerald Cecil, who I interviewed last year for a series of stories I wrote on the peak oil concept. Cecil and professors from four other departments are moving forward with the scheduling of a Spring 2010 freshman seminar undergraduate course called "Energy and Environmental Crises."
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September 3, 2009
BP’s Tiber Find: Fodder for Oil Optimists or Pessimists?
Keith Johnson
What’s really interesting about BP’s “giant” Tiber discovery in the Gulf of Mexico is how it provides ammunition for both people optimistic about the future of the oil business and those that are a lot gloomier.
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September 2, 2009
Giant oil find by BP reopens debate about oil supplies
Terry Macalister
BP has reopened the debate on when the "peak oil" supply will be reached by announcing a big new discovery in the Gulf of Mexico which some believe could be as large as the Forties, the biggest field ever found in the North Sea.
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September 1, 2009
Jason Brudereck: Oil production nears terrifying drop-off
Jason Brudereck
It's hard to believe a major part of the oil age began only 150 years ago on the other side of the state from here, in what became known as Oilcreek Township, Venango County, when Edwin Drake struck oil Aug. 27, 1859.
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August 13, 2009
Analysts skeptical about Pemex's 2009 production forecast
Energy Current
MEXICO CITY: Mexico's state oil company Pemex recently revised its 2009 production forecast down to 2.65 million b/d from 2.75 million b/d, but the company's forecasts are usually taken with a grain of salt given its repeated inability to meet its own predicted production levels. According to BNamericas, analysts believe the drop could be even more severe.
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August 12, 2009
The Peak Oil Crisis: A Disruptive Technology
Tom Whipple
Every now and again there comes along a new technology that changes civilization. Gunpowder, steam engines, electricity, internal combustion, nuclear energy, transistors, and the integrated computer circuits readily come to mind.
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August 12, 2009
Multiplying like rabbits
Brian Rollins - Public Forum Letter
It's hard to believe that there are people who haven't yet realized what a serious problem overpopulation is and how much worse it will get if we don't start doing something about it.
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August 11, 2009
Family that's making the Transition to a better life for the world
Derby Telegraph
Andy and May Mason are preparing to grow their own food as they set about transforming their Alvaston garden into a self-sustaining eco-system. The couple are part of Transition Derby - a group set up to tackle the issues of climate change. Elijah James and Catherine Oakes report.
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August 10, 2009
Alternative energy has big land needs
Walter C. Jones
Using some type of renewable fuel to generate electricity instead of nuclear reactors would take considerable land under today's technology, according to experts.
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August 9, 2009
The limits of today’s electric car technology
Vinod Khosla
Recently, there has been some blog chatter about my comments on the future of lithium ion batteries—my goal here is to clarify my stance.
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August 9, 2009
Peak Oil for Dummies
Lionel Badal
Dick Cheney, 46th US Vice-President (speaking as the CEO of Halliburton (HAL) in 1999):
"Oil is unique in that it is so strategic in nature… Energy is truly fundamental to the world’s economy. It is the basic, fundamental building block of the world’s economy. It is unlike any other commodity." [1]
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August 8, 2009
Current thinking has hot rocks on a roll
Gavin Lower
A 54M-HIGH drill rig dominating the landscape of the South Australian outback has drilled more than 1000m into the earth, seeking out the hot rocks that many hope will create a clean, plentiful and constant source of energy.
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August 8, 2009
Peak Oil Warning
2SER Razors Edge
The International Energy Agency has issued a warning this week that global oil production will peak in about 10 years time.
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August 6, 2009
Turkey and Russia Conclude Energy Deals
Sebnem Arsu
ISTANBUL — Russia and Turkey concluded energy agreements on Thursday that will support Turkey’s drive to become a regional hub for fuel transshipments while helping Moscow maintain its monopoly on natural gas shipments from Asia to Europe.
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August 3, 2009
IEA Economist Warns of Oil Shortfalls
Chris Morrison
It’s not every day that an International Energy Agency economist can be heard publicly stirring the pot about peak oil and energy shortfalls in the near future. But old habits are sometimes put aside of new priorities; it appears that the agency is becoming more worried about the future.
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August 3, 2009
Jeremy Leggett: Another crunch is coming – but will the world act?
The Independent
There is one major similarity between the energy crisis and the financial crisis and one main difference. These two things tell us a lot about the role of cultures in how our modern version of capitalism plays out.
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August 1, 2009
Chevron profit plunges 71% in quarter
David R. Baker
Chevron Corp.'s profit plunged 71 percent in the second quarter to the lowest level in more than five years as reduced oil prices and a vicious global recession took their toll, the San Ramon company reported Friday.
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July 31, 2009
The Ruins of the Unsustainable: Searching For Answers to the Suburbs
Julia Levitt
We've been pondering that statement by Worldchanging ally Bruce Sterling for nearly two years now. In North America, several decades of bad development (and the government policies that enabled and encouraged it) have resulted in unchecked sprawl and played no small part in our global financial meltdown.
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July 30, 2009
New technology aimed at increasing oil production
John Porretto (AP)
HOUSTON — Imagine having a nice ripe orange, ready for squeezing, but being able to get out only a small amount of juice. There's got to be more, you just can't get at it.
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July 29, 2009
Pickens Plan in a pickle
Robynne Boyd
Clean-energy investments have dried up during the recession, threatening the former oilman's plans for a wind-powered renaissance. But he isn't giving up yet.
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July 28, 2009
Saudi Aramco gears up for record oil production
Tamsin Carlisle
Saudi Aramco’s oil production capacity has reached 12 million barrels per day (bpd), which could allow it to set records for crude output once global energy demand recovers.
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