Peak Oil News

Lou Grinzo, a technical writer and bachelor in economics, is working hard to raise awareness about the peak oil situation in two ways. First, he is trying to introduce people to the major trends in energy development and talk about what can be done for the future. Second, he wants to give people the references they'll need to fact-check his information. He says that he's been an 'energy geek' since the 1973 oil crisis, and he is obsessed with gaining knowledge about global energy economics and supplies. His take on energy resources is not as pessimistic as some, he believes oil will not become as expensive as some experts believe because the price ...

Recent oil reserve discoveries are leading some to wonder if the peak oil theory is off target in it's predictions for world oil depletion. Predicting the end of oil is not an easy or even particularly scientific process. Predicting the impact of the oil decline is even more difficult. This article debates whether or not we should be so worried about peak oil, and if another fuel source will simply replace our dependence on petroleum resources. Human nature is to problem-solve and be creative - survival is deeply instinctive. Throughout recent history, peak oil predictions have been proven incorrect. » Source: Energy Tribune Disaster struck “...

What is Peak Oil? The term "peak oil" is used to describe the point at which the earth's supply of oil will no longer be able to meet our energy needs. Oil is not a renewable energy source, and therefore can and will be exhausted at some point in the future. There is still a lot of debate about the projected date of peak oil due to our inability to accurately take stock of current world oil supplies. As early as the 1950's geologists have been warning of an oil supply collapse. M. King Hubbert noticed a logistics curve in oil discoveries and based on these findings he predicted that there would be a global oil peak between the year 1995 and 2000. » ...

Events move quickly these days. Two months ago oil was north of $78 a barrel and, nationwide, gasoline was above to well above $3. The Middle East was threatening a conflagration and another exciting hurricane season was in the offing. Even the concept of peak oil was starting to get some scattered but serious attention in the media. Now here we are at the end of September. The price of crude is down nearly 25 percent. Gasoline is down 75 cents a gallon. The press is full of stories of a great new oil find in the Gulf that could show the way to a cornucopia of oil. The Dow is pushing an all-time high, and financial analysts are predicting lower inflation and solid growth in the year ahead. Finally, those who don't want to believe in peak oil are loudly proclaiming, "I told you so." » Source: ...

"None of us can go a little way with a theory," wrote John Henry Cardinal Newman (1801-1890) in his book Essays Critical & Historical . "When it once possesses us, we are no longer our own masters. It makes us speak its words, and do violence to our nature." What is theory? What an interesting quotation about theory from the good cardinal. But before we go too far along, here is the next question: What is theory? The word itself derives from the Greek word “theoria,” meaning examination, contemplation, or speculation. A theory is a doctrine, or scheme of things, which terminates in speculation or contemplation. Or you can say that it is an exposition of the general principles of a given field of study. A simple way to understand the concept of a theory is that it is the premise or set of premises upon which an argument rests, although the ...

Albert Einstein said, "We cannot solve our problems with the same thinking we used when we created them." He also said, "Any fool can make things bigger, more complex, and more violent. It takes a touch of genius-and a lot of courage-to move in the opposite direction." I spent the weekend with genius and with courage, and I am happy to report that they are alive and well and working on our problems. Most Americans are not yet familiar with the coming tide of instability. Asleep and dreaming the American Dream, many are unaware of the issues associated with energy and environment that face our people and all of humankind. Scores of those who are aware of our troubles have convinced themselves that the answer lies in more of the same. But there are those who have another idea. » Source: Energy Bulletin ...

It would be tough to find a roughneck anywhere in the world who would describe working on a drill rig as easy, but Bob Gamble, who toils on the deck of Precision Drilling's rig number 521, comes closest. It is a state-of-the-art rig that bored its first hole just weeks before, an "iron roughneck" that has taken a lot of the backbreaking labour out of a job that has traditionally been recognized as tougher than anything outside a hardrock underground mine. » Source: canada.com If you venture to northeastern B.C., you will find dozens of similar rigs probing the landscape like mosquitoes seeking blood, guided by young workers such as Gamble who trade their labour for paycheques that can reach $100,000 a year. The machines and the workers are the physical manifestations of the biggest natural gas exploration boom in B.C.'s history, part ...

As a petroleum industry analyst who gave up material security for a career as an activist against petroleum industry expansion, I've developed a unique understanding of the global peak in oil extraction. Questioning society's energy needs has always been my tendency. But I gained further understanding of our culture by giving up affluence and many conveniences. This was an attempt to get closer to nature and live by my wits with the support of activists and my growing community of friends far and wide. » Source: Gristmill In 2004 I hit the road (the rails, usually) to spread the word about the plastic plague, petrocollapse, and the positive future that culture change will present. It was fitting that the nonprofit organization I founded in 1988, Fossil Fuels Policy Action, eventually ...

Julian Darley: The message is getting out. More and more people have noticed there's a problem with petroleum and gas. And now, peak oil is spoken - even within the corridors of power. Even though sometimes it's to deny it. But, not always, by any means. So, I think it very interesting to hear about your experiences with the kinds of people, who actually do build some of the infrastructure that we need to change. » Source: Global Public Media James Howard Kunstler: I've been associated with the New Urbanists, for about 15 years. And, they're mostly the designers and developers I consult with. And, they've done a tremendous amount of very good work around the country. Most of the best work that they do, is this stuff that they're least known for. They're best known for ...

An engrossing, encompassing and interesting debate is raging and the entire energy fraternity is passionately involved. Proponents and the opponents of the peak oil theory are out in open — putting across their diametrically opposite arguments, in a charged atmosphere. Leading from the front, Saudi Aramco Chief Executive Abdallah S. Jum'ah is now forcefully arguing that at the current consumption levels, the world has enough oil to last — for at least 140 more years. Admitting though in a very conspicuous manner that crude remains a finite source, and none can indeed debate it, he emphasized the world has tapped only a considerably small portion, than previously thought, of this precious natural resource. » Source: MENAFM.com And when Jum'ah says something he speaks with a sense of authority and responsibility. After all he is the caretaker of the world's largest crude reserve. Speaking before a galaxy of industry experts in Vienna, ...