Posts Tagged ‘Peak Oil’

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.

Arab States Go Nuclear to Close Power Gap, Catch Up With Iran

The idea of commercial reactors secretly processing weapons-grade nuclear material has always alarmed Washington, which for decades has used its clout in the region to keep the Mideast as nuclear-free as possible.

Peak Oil Solution: The Simmons Plan

You remember the Pickens Plan, right? T. Boone Pickens’ ill-fated attempt to change the face of the U.S. energy industry by building wind turbines across the midwest and using compressed natural gas to power a new generation of cars.

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.)

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.”

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.

Global oil supply: Separating fact from fiction

In the 1960s, 26 giant and super-giant fields were discovered. That number has consistently declined to only two so far in the first decade of the new millennium. The conditions necessary to create giants and super-giants occur infrequently, and where they do occur the real estate has, with few exceptions, been well explored. Trying as hard as they can to discover giant or super-giant fields, the oil companies’ results have been disappointing.

Oil prices hit high but report warns of supply crunch

The IEA figures showed there could be a gap of 7m barrels a day between supply and demand by 2015. That represents about 8% of the expected world demand by then of 91m barrels a day.

The IEA expects production from existing oilfields to fall by 50% between now and 2020 and warned the world needs to find an additional 64m barrels a day of capacity by 2030 – equivalent to six times current Saudi Arabian production.