A few years ago, peak oil was relatively easy to understand. At some point in the future, and estimates varied as to exactly when, oil production was going to start declining due to a combination of geologic and geopolitical factors, prices were going to rise precipitously and a massive civilization-wrenching paradigm shift would start as the world transitioned from oil to other forms of energy.
Archive for February, 2009
Natural Gas Price Fall May Be Limited, ’Bullish’ Bernstein Says
Natural gas prices may be supported by delays to new natural gas supplies and a possible slowdown in U.S. onshore output, Sanford C. Bernstein & Co. said.
Time to toll the warning bells
The crude world has now traversed the full distance. The inevitable has happened. The bubble has finally burst. Not long ago, the peak oil theory was in robust circulation.
Days’ Supply of Oil: Calculating Global Inventories
We easily have enough peanut-butter to last the Summer.” Problem: enrollment has risen from 1000 campers to 1400 campers, over that ten year period.
