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 […]
OMG graphgasm over at The Oil Drum! Posted by Gail the Actuary on October 9, 2009 – 6:40am We know oil prices peaked in the third quarter of 2008–in fact in July 2008. But what else peaked about the same time? It turns out when you look at the data, lots of things… What Peaked […]
SOMEBODY was having a graph in Sandown last week after a mysterious image appeared on the beach.A County Press reader sent this photograph of what looks like a graph with a set of dates on it, plus a ‘you are here’ message.The graph attracted lots of attention from early-morning joggers and dog walkers, before it […]
The eighth largest oil field in the world will be dead by the end of next year. Shall I repeat that, or did you get it the first time? Like the “Time to Die” speech of Rutger Hauer at the end of Blade Runner, the Cantarell complex has surely seen its share of ocean storms, […]
It succors and drowns human life. And for the last eight years, oil — and the people and places that make it — was my obsession. By Peter Maass The canoe that carried me into the Niger Delta had an outboard engine that conked out several times before reaching Tombia, which was then the latest […]
Catastrophic shortfalls threaten economic recovery, says world’s top energy economist By Steve Connor, Science Editor The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned. Higher oil prices […]
Oil consumption in the US decreased by 480,000 b/d from March to April to a level of 18.26 million b/d. Average consumption of oil in the US in 2009 up to April was 18.69 million b/d, versus 19.50 and 20.70 million b/d in respectively 2008 and 2007. … Oilwatch Monthly – July 2009 Technorati Tags: […]
It takes a lot of phosphorus to support our diet-about 222.5kg per person per year for a normal balanced diet. Professor Stuart White, Director, Institute for Sustainable Futures, University of Technology, Sydney suggests that it follows the same Hubbert’s Peak pattern as oil, and that we are just about at the peak. He writes in […]
From The Oil Drum: By David Murphy Cutler Cleveland of Boston University has reported that the EROI of oil and gas extraction in the U.S. has decreased from 100:1 in the 1930’s to 30:1 in the 1970’s to roughly 11:1 as of 2000 (Figure 1). But beyond the fact that society receives currently around 11 […]
Dmitry Orlov brings his A-game: This talk was presented at The New Emergency Conference in Dublin, on June 11, 2009. Good morning. The title of this talk is a bit of a mouthful, but what I want to say can be summed up in simpler words: we all have to prepare for life without much […]
