By Can Erimtan 26 August 2010 This summer, climate change, or global warming, has arguably established itself as a reality to be reckoned with. Greenhouse gases are heating up the earth’s atmosphere and, as a result, global weather conditions now seem to have gone truly haywire. Temperatures are unusually high in certain places, while rain […]
Behind government dismissals of ‘alarmist’ fears there is growing concern over critical future energy supplies By Terry Macalister and Lionel Badal, The ObserverSunday 22 August 2010 Speculation that government ministers are far more concerned about a future supply crunch than they have admitted has been fuelled by the revelation that they are canvassing views from […]
It was Mike Ruppert who first woke up Desdemona to the Peak Oil story. Des had read the famous Campbell and Laherrère paper, “The End of Cheap Oil” in 1998, but the issue seemed more distant than global warming and the accelerating destruction of the biosphere. But Mike Ruppert had a doozy of a conspiracy […]
Business underestimating catastrophic consequences of declining oil, says Lloyd’s of London/Chatham House report By Terry Macalister, www.guardian.co.uk Sunday 11 July 2010 15.28 BST One of the City’s most respected institutions has warned of “catastrophic consequences” for businesses that fail to prepare for a world of increasing oil scarcity and a lower carbon economy. The Lloyd’s […]
By Tom Whipple Wednesday, April 14 2010 11:56 We all need to pause for a minute and consider the possible implications of the droughts that are engulfing China. One of these is in the north — Inner Mongolia, and the second more serious one covers most of southwestern China. If the weather patterns revert to […]
December 2, 2009 11:02amBy Kate Mackenzie Mexico’s declining oil output has been evident for some time now — and it suffered a symbolic setback when its massive Cantarell field fell so sharply that it lost its place as the country’s number one field. … Mexican oil production: from bad to worse via The Oil Drum […]
By Tim McGirk Monday, Oct. 19, 2009 …Depending on your point of view, the World is either the apex of mankind’s ingenuity or a cautionary tale about the feverish excesses of Dubai’s 21st century boom. Each island was selling for $15 million to $50 million, by invitation only: its developers were pitching the spits of […]
Taxis queue up to fill their tanks on an overpass in Chongqing, China, Wednesday, November 18, 2009. Central and eastern Chinese provinces faced the worst natural gas shortage in years as supplies were diverted to snowstorm-hit northern China, while producers lacked incentives to expand output because of poor margins. Photo by Imaginechina: AP China has […]
From The Oil Drum: World crude oil, condensate and oil sands production peaked in 2005 at an annual average of 73.72 million barrels per day (mbd) according to recent EIA production data. 2008 production was slightly less than 2005 creating a peak plateau from 2005 to 2008 as shown in the chart below. Production is […]
By Terry Macalisterwww.guardian.co.uk, Monday 9 November 2009 21.30 GMT The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying. The senior official claims the US has […]
