“We have to stop looking at the short term. Sure we can find enough fuel for the next two years, five years, 10 years, but what happens at that point when we haven’t built up our renewable or alternative energy technologies?” she asks.
Posts Tagged ‘Oil and natural gas’
Washington Capitulates – Peak Oil Is Real
Projected production, as you can see, is suddenly shriveling up. From 107.5 million b/d of oil projected for 2030 in 2007, to 102.9 million b/d in 2008, to this year’s meager expectation for 93.1 million. That’s a drop of 13.4% in only two years, and posits production growth of only 11.6 million b/d (14.2%) from 2006 levels.
If that isn’t an admission that the era of Peak Oil is upon us, what is?
Some See Exxon Investments Into Alt Energy Signaling ‘Paradigm Shift’ for Big Oil
So say some analysts who are pondering Exxon Mobil Corp.’s recent moves. Breaking from years of steadfast commitment to fossil fuels, the behemoth has announced big investments in electric cars, unconventional natural gas and algae-based biofuels
Gas Exporters to Discuss Secretary General Choice at Doha Meet
Russia, Iran and Qatar, holders of more than half of the world’s natural gas reserves, will meet on June 30 at the Gas Exporting Countries Forum to discuss the gas market and the appointment of a secretary general, a Qatar Petroleum official said.
Energy supply crunch brewing
Forget low oil prices. The worry of the moment is a spike in oil prices and how long it will take before a supply crunch sends prices soaring
Supply up, demand down, but oil prices rise
Crude oil, the lifeblood of the global economy, costs $61.67, even as the world struggles through the worst recession since World War II. And prices are rising, climbing 26 percent in the last month.
The Peak Oil Crisis: The Economic Rebound
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.
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.
Oil Traders Seek Another 10 Tankers, Frontline Says
Frontline Ltd., the world’s biggest owner of supertankers, said oil traders want to charter as many as 10 vessels to stockpile crude to take advantage of higher prices later in the year.
