Peak Oil News

As a part of our continued site upgrades, we are now offering 4 new services: daily peak oil news feeds, the ability to submit peak oil articles (with HTML), a submission form for link exchanges and/or RSS feeds, and a RSS feed tool for peak oil webmasters. We hope these new features will provide a better resource for our visitors while giving webmasters and bloggers a new way to increase their online visibility. The subject of oil depletion and world energy supplies is increasing on a daily basis - we are dedicated to improving our site in order to meet the growing public ...

The World Energy Outlook (WEO) is a yearly energy forecast published by the Organisation for Economic Co-operation and Development (OECD), and the International Energy Agency (IEA). The 2006 report urges the international community to invest heavily in energy efficiency in order to avoid a global economic crisis. Governments will need to invest at least $20 billion into the energy infrastructure over the next 25 years to meet the growing worldwide demand for electronic technologies and gadgets. Demand for oil and energy resources from industrialized nations like China are expected ...

The 2006 Boston World Oil Conference will be held October 27th and 28th at Boston University in Boston, Massachusetts . Time for Action: A Midnight Ride for Peak Oil is co-hosted by ASPO-USA and Boston University. ASPO USA announces the second “Dialogue with the Experts,” a high-level conference to discuss impacts of and responses to a peak in world oil production. Experts will provide current information and oil supply statistics along with alalysis of alternative energy research and technology. Attendants at this year's peak oil conference will have the opportunity to voice their questions and concerns. » Source: ...

The first direct evidence linking human activity to the collapse of Antarctic ice shelves is published this week in the Journal of Climate. Scientists from the British Antarctic Survey (BAS), the Centre for Polar Observation and Modelling, University College London, and the Katholieke Universiteit Leuven, (Belgium) reveal that stronger westerly winds in the northern Antarctic Peninsula, driven principally by human-induced climate change, are responsible for the marked regional summer warming that led to the retreat and collapse of the northern Larsen Ice Shelf. » Source: Science Daily The Larsen ice shelf at the ...

According to ExxonMobil, global energy prices will most certainly grow up to 50% by the year 2030. This price increase is estimated to occur due to the pace of expanding economies in developing countries, and the rate of worldwide population growth. "Perhaps most significant, we anticipate energy demand in developing Asia-Pacific to grow at 3.2 per cent annually, increasing to one-third of the world's total." This is an amount "equivalent to the energy demand of North America and Europe combined, the US-based oil corporation says in a booklet on "The Next Quarter-Century of Energy" released here recently. » Source: Bernama.com Every day, the world consumes about 230 million barrels of ...

The price of oil is down almost 25%. Gasoline prices at the pump are down almost $1. Make no mistake, though, the returns on your investment portfolio over the next 10-15 years will be determined by energy investments. Invest wisely and prosper; don’t, and risk peril. Don’t be fooled by short-term trends in the price of oil and other energy-related commodities. Don’t be influenced by the talking heads on the evening news or cable television who say that there is a speculative commodities bubble and that the price is set to fall. Although the price of oil will continue to fluctuate widely, the overall trend is clearly up. » Source: Senior Journal Recently, Chevron announced a major new oil ...

The Stripper Well Consortium has developed an innovative new technology which will decrease production costs and increase oil production in low-producing oil wells, known as 'stripper wells'. This technology is hoped to be able to help secure the U.S. nation's oil and gas supplies by taking advantage of many low-yield wells. Currently 80% of United States oil wells are classified as marginal so this advancement has the potential to supplement current oil production rates and decrease costs, hopefully increasing production by up to 30 percent. It is believed that the new technology's major acheivement will be to reduce wear and tear on oil and gas pipelines. » Source: PressZoom The technology, named the ...

A possibly lucrative oil supply has been discovered in the dead sea, according to The Genco Group. Company officials believe the discovery could supply from 4 to 6 million barrels of oil. The oil was discovered at a depth of 2000 meters, and is estimated to have a potential value of $300,000,000. Originally exploration of the region's oil supplies were put on hold as it was not thought to be of economic value. Higher global oil prices have encouraged a more innovative approach to oil exploration, making this new discovery an encouraging reality. Studies are still being conducted to determine the actual feasability of oil drilling in the area. » Source: Jerusalem Post Oil has been ...

The 2008 US presidential elections will be very important considering the implications of the coming peak oil crisis. The oil issue is likely to be downplayed during the 2006 elections. However, many major oil producing nations are quickly approaching depletion, and many analysts believe we will reach the peak oil production during the 2008-2012 presidential term. A severe oil crunch and resultant high oil prices will impact all sectors of society. The party and president that gets elected in 2008 will have a major economic and social crisis on their hands. » Source: Falls Church Last week they took a poll here in Virginia on how the race for US Senate ...

As the global population problem increases, serious problems seem likely to occur. All sectors of the economy will experience price increase and demand due to resource shortages. Overcrowding brings out the worst in people, as we have seen thanks to the "road rage" phenomenon. Add to these stresses looming climate change challenges and energy supply crisis and we seem doomed for disaster. The current social situation in America doesn't leave much hope for a co-operative solution to the population issue. More innovative program initiatives at the governmental level are needed. » Source: Augusta Free Press Sometime during October, according to the U.S. Census Bureau, America will add its 300 millionth resident. While profiling the candidate may be a quirky exercise in fiction writing - it will ...