Archive for the ‘Peak Oil’ Category

Matt Simmons: BP, CIA conspiracy theory suggested behind his unexpected death

Simmons, 67, was found dead in his home in Maine on August 8, 2010. The medical examiner’s office is unclear about whether he had drowned in his tub after suffering a heart attack, or died from a heart attack while drowning.

Will Oil Hit $300 A Barrel in 2010 Due To Mid-East Tensions?

There have been growing tensions between Iran and many other countries in the region. Although the media has been covering them, I do not think the media realizes the severity of these recent events.

Top 10 Energy Stories of 2009

Here are my choices for the Top 10 energy related stories of 2009. Previously I listed how I voted in Platt’s Top 10 poll, but my list is a bit different from theirs. I have a couple of stories here that they didn’t list, and I combined some topics. And don’t get too hung up on the relative rankings. You can make arguments that some stories should be higher than others, but I gave less consideration of whether 6 should be ahead of 7 (for example) than just making sure the important stories were listed.

The Peak Oil Crisis: Accusations

There would be calls for impeachment and the likelihood that any legislation could be passed that might be helpful in preparing for or mitigating the consequences of global oil depletion for the time being are zilch. The reason of course is that the evidence for peak oil must first become so overwhelming that even the simplest amongst can understand that there is no cheap and easy way out of the problem

Peak Oil Should Still Worry You: The Hot Air in New Natural Gas Estimates

In light of this, recently revised estimates of Natural Gas reserves in North America should be taken with a grain of salt even thought they have some people calling the United States the Saudi Arabia of natural Gas. These excited comparisons are based on new techniques that allow natural gas to be extracted directly from Shale formations. Geologists have always known that natural gas exists in shale formations. (You can crack a chunk of shale and hold a match up to it and momentarily get a flame.)

What Oil Price can America Really Afford?

If the health of the economy matters, then the administration should take note that oil, at the time of writing, stands around $70 and that the recession threshold, by the books, is $80. Oil prices do not have to rally very much to reach unsustainable levels for the US economy.

Energy body rejects whistleblower allegations of oil cover up

The whistleblower, who reportedly refused to be identified for fear of reprisals, told the newspaper that: “Many inside the organization believe that maintaining oil supplies at even 90 million to 95 million barrels a day would be impossible, but there are fears that panic could spread on the financial markets if the figures were brought down further.”

Current Energy Plans ‘Unsustainable,’ IEA Says in New Outlook

The International Energy Agency’s new World Energy Outlook details the challenge facing the world: Despite two years of recession, energy use is going to recover and grow dramatically over the next two decades. That’s especially true for electricity and for developing countries.

IEA whistleblower: Oil figures distorted

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.