Peak Oil News

Korting bij Tango IMG_20140110_0057 Rosso benzina Gas station Switzerland De eerste goedkope benzine Benzineprijs september 2012 in Frankrijk.

Rising Sea Levels - Antarctic Survey

The global sea level rise caused by climate change, severely threatening many of the world's coastal and low-lying areas from Bangladesh to East Anglia, is proceeding faster than UN scientists predicted only five years ago, Professor Chris Rapley, director of the British Antarctic Survey, said yesterday. Climate change is causing sea levels to rise around the world because water expands in volume as it warms, and because land-based ice, such as that contained in the Greenland and Antarctic ice sheets, adds to the volume when it melts and slips into the sea. » Source: The Independent The present prediction of the UN's Intergovernmental Panel on Climate Change, from its third assessment report in 2001, is that global sea levels will rise by between 9cm and 88cm by 2100, depending on a number of factors including how far emissions are controlled, with a best guess of about 50cm over the century. Rises ...

ASPO Peak Oil Conference

Wed. Oct. 25 to Fri. Oct. 27, 2006 (Plus Evening & Sat. Sessions) - Boston University, GSU, 775 Commonwealth Ave., Boston, MA - Experts to discuss impacts of - and responses to - Peak Oil The Association for the Study of Peak Oil-USA (ASPO-USA) and Boston University’s Center for Energy and Environmental Studies (CEES) will co-sponsor the 2006 World Oil Conference, Time for Action: A Midnight Ride for Peak Oil, on the BU campus October 25-27, 2006. The Conference will bring energy experts from around the world to discuss the likely timing, impacts, and intelligent responses to the growing Peak Oil challenge. Virtually every sector of our society and economy will be affected by Peak Oil, from transportation, manufacturing, air freight, and agriculture, to homebuilding, city planning, and finance. » Source: Global Public Media “For ...

Oil Investments Outstrip Production Growth

Global energy companies boosted their investments in the upstream business by 31 pct in 2005, but only to achieve a marginal growth in oil and gas production and reserves. Global spending on exploration and production grew by 66 bln usd to 277 bln usd in 2005 as industry giants like Exxon Mobil Corp, BP PLC and Royal Dutch Shell PLC stepped up their hunt for more resources to meet rapidly growing demand, according to a study published today by US energy research firm John S. Herold Inc and corporate advisor Harrison Lovegrove & Co Ltd. » Source: Life Style Extra Production, however, inched up by just 1 pct, while reserves went up by 2 pct. In the US, output even fell 6 pct. Reserve replacement rate continued its decline, reaching 143 pct of production in 2005. Cost inflation ...

Oil and Global Warming

We tend to see urban pollution as a modern problem. But did you know that urban pollution was a serious problem for Western world cities as far back as 200 years ago? The greatest source of pollution for 19th-century cities was, believe it or not, the horse. Horses were ubiquitous back then. They drew pretty much anything that was heavy and had to move. Horse-drawn carriages, trains, wagons, supply carts...you name it. Of course, there were no horse toilets, so these animals had to relieve themselves in the streets. This might seem like a quaint issue until one realises that the average city horse could produce up to 35 pounds of manure and 2 pints of urine a day. Yuck! » Source: Daily Reckoning Today, we have to deal with global warming and Peak Oil – back then, they were dealing with global stench ...

Is Oil an Infinite Resource?

I wanted to be a geologist once — even claimed it as my major at the University of Georgia. Then they made me take calculus. I decided on a degree in English not too long thereafter, thinking I’d read books about oil and rocks instead. Research for last week’s column on the oil discovery in the Gulf intrigued me, as did the responses I received. Like addicts worrying about where our next fix will come from, we all seem to have an opinion on the future of oil. Back in the 1950s geologist Marion King Hubbert posited that crude oil was a finite resource and went on to illustrate when the U.S. and world would reach a peak in production by using a bell curve. The curve rises from left to right, as new oil is discovered and infrastructure is put in place to extract it. The curve goes back down ...

Costs of Peak Oil Threat

The world needs to spend $1tn a year in alternative fuels, starting 20 years before the peak in conventional oil production, in order to mitigate fuel shortages, a US Energy Department study showed. Production peaks in Texas, the UK and Norway were examined as part of two studies for the department that advised on "crash course" efforts to cope with an eventual shortage of gasoline and other liquid fuels. The study, led by Robert Hirsch, didn’t predict when world production will peak, though Hirsch told reporters his guess is "within the next five to 10 years." » Source: Gulf Times "Conventional oil will peak at some point," Hirsch said at the Oil and Money Conference in London. To lessen the impact, "we have to start a long time before the peak or we’ll have severe liquid fuels shortages worldwide." Conventional oil production peaked ...

Air Force Tests Syntroleum Gas to Liquid Fuel

Syntroleum announced that its Fischer-Tropsch (FT) jet fuel has been successfully tested in a United States Air Force B-52 Stratofortress Bomber aircraft. The plane lifted off from Edwards Air Force Base, Calif., with a 50/50 blend of FT and traditional JP-8 jet fuel which was burned in two of the eight engines on the plane. This marks the first time that FT jet fuel has been tested in a military flight demo, and is the first of several planned test flights. The test is a result of more than four years of successful research and development efforts with the U.S. Department of Defense (DOD), focused on producing a high-performance alternative fuel for military applications. » Source: Green Car Congress The program culminating in the test flight today is the first step in opening up new horizons for sourcing fuel for ...

Global Economic Growth at Peak says IMF

Global economic growth is at risk of peaking because of high oil prices and rising protectionist sentiment, warned Rodrigo de Rato, the International Monetary Fund’s managing director, on Tuesday. “The global growth cycle may be close to its peak,” Mr de Rato said in his opening statement at the joint IMF and World Bank plenary session in Singapore. “The best hope for continued high growth lies in further increases to international trade. If this does not happen, the outlook is less encouraging.” » Source: Financial Times Mr de Rato also warned of a continued risk that current account imbalances will unwind in a disorderly way. “There is a growing risk that protectionist sentiment will overwhelm good sense. If it does, all of the other risks loom larger.” The IMF chief urged developed and emerging countries to renew their commitment to multilateralism and resume the ...

Future Price and Availability of Oil

In assessing future demand for transport, the Department uses assumptions of future oil prices which are established, and periodically updated, by the DTI. In the 2003 Future of Aviation White Paper, the Department's assumption was that aviation fuel prices would remain at $25 dollars per barrel in real terms (2000 prices) until 2030.[205] In the 2004 Future of Transport White Paper, the Department referred to the DTI's May 2004 projections of the price of crude oil standing at $23 a barrel (2003 prices) in 2010, and rising to almost $28 a barrel by 2020. » Source: UK House of Commons Since those White Papers were published, the price of oil has risen markedly; as of 11 July 2006 a barrel of brent crude stood at $74.16. In our first session, Transport 2000 discussed their concerns about the ...

Oil Depletion Protocol

Whereas the passage of history has recorded an increasing pace of change, such that the demand for energy has grown rapidly in parallel with the world population over the past two hundred years since the Industrial Revolution; Whereas the energy supply required by the population has come mainly from coal and petroleum, such resources having been formed but rarely in the geological past and being inevitably subject to depletion; Whereas oil provides ninety percent of transport fuel, is essential to trade, and plays a critical role in the agriculture needed to feed the expanding population; » Source: Post Carbon Institute Whereas oil is unevenly distributed on the Planet for well-understood geological reasons, with much being concentrated in five countries bordering the Persian Gulf; Whereas all the major productive provinces of the World have been identified with the help of advanced technology and growing geological knowledge, it ...