The 2007 Peak Oil date explained

Peak Oil and Depopulating Asia

saudi reserves plentiful for forseeable future…..according to inside source

Further to the future of Saudi oil Author: W. L. Littlejohn – Released: 3/6/2004 Email this page GULF2000 MAILING LIST (COLUMBIA UNIVERSITY), February 27, 2004: For some days, I have watched the debate on Saudi resources set off by Matt Simmons with amusement – the kind of amusement one feels when listening to discussions about […]

Presidential Candidates Seen Ignoring Consequences of Global Oil Depletion

during the month of October, EV World asked its readers, “Do you believe the U.S. presidential candidates are giving sufficient attention to the problem of peak oil and how they will address it in the next four years”?

Our readers responded overwhelmingly in the negative. Of the 1,470 who participated in the poll, 1280 replied “No”. That’s 87%. Only 148 (10%) answered, “Yes” and 42 ( 3%) indicated that they didn’t know.

emediawire

Kuwaiti oil refineries shut down

A power failure Sunday affecting most of Kuwait forced a shutdown of the country’s three oil refineries, which could take two or three days to restart, but the nation’s energy minister said oil production would not be affected. Facilities at Mina al-Ahmedi, Mina Abdullah and Shuaiba, run by the state-owned Kuwait National Petroleum Co., process […]

Iran, China sign 100 billion dollar gas deal

TEHRAN, Oct 29 (AFP) – Iran and China have signed a preliminary accord under which China would buy 10 million tonnes a year of liquefied natural gas (LNG) for 25 years in a deal worth 100 billion dollars, the student news agency ISNA said Friday.

Turkish Press

Profits fall ‘threatens pensions’

A fall in profits made by UK firms could threaten pensions, schools and jobs, the Confederation of British Industry (CBI) has warned.
…
The CBI blamed the fall on soaring oil and metals prices and extra tax and regulation, among other factors.

BBC

Andrew McKillop: Energy Transition and Final Energy Crisis

The strengthening likelihood is that oil prices will easily exceed 75 US dollars/barrel, in the absence of any war, sabotage or hostile action, solely because of ‘structural undersupply’ and almost certainly by 2008. This itself will powerfully draw attention to study and action for firstly slowing the growth of oil and gas demand, then reducing […]

Pumped-up oil prices will hurt us all

Prof Oswald accepts that we use half as much oil per unit of GDP as we did in the 70s but argues that, because we have become twice as efficient in the use of all other inputs, greater energy efficiency does not in fact reduce our susceptibility to changes in oil prices. “It is not absolute efficiency that matters, it is relative efficiency,” he argues.

Guardian

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