|
Peak Oil, International Trade And Population |
|
|
CounterCurrents, 30 December 2010
Oil is a finite resource! Eventually the oil remaining on the planet will be exhausted and no longer able to be used by humanity. Peak oil can be defined in two ways--- The first way is when total amount of oil withdrawn from the earth for use by humanity starts to decline; example--- in year one 100 barrels of oil are withdrawn, in year two 120 barrels of oil are withdrawn, in year three 80 barrels of oil are withdrawn, and in year four 60 barrels are drawn – in this example year two is the peak oil year since in years subsequent to year two the amount of oil withdrawn goes down: The second way is when oil withdrawn per capita starts to decrease; example in year one 100 barrels of oil are withdrawn and there are 100 people on the Earth (one barrel per person), in year two 150 barrels of oil are withdrawn and there are 120 people on the Earth (1.25 barrels per person), and in year three 200 barrels of oil are withdrawn but the population has increased to 500 people (0.4 barrels per person)--- in this example the peak oil year is year two as the amount of oil withdrawn per capita has reached its maximum in year two and has decreased in year three.
|
|
Read more...
|
|
|
The Peak Oil Crisis: 2011 – A Pivotal Year? |
|
|
CounterCurrents, 30 December 2010
Wall Street is getting nervous. As oil prices continue to creep up and as more evidence accumulates that the age of ever-growing energy production and economic growth is coming to an end, a specter is haunting the great investment banks and brokerage houses of New York. For five years now Wall Street and its chorus in the financial media have ignored or denied that global oil production has reached a plateau after 150 years of steady growth. Those who did admit to a problem were quick to assert that the markets would find substitutes first in the form of endless quantities of coal waiting to be exploited and more recently 100 years' worth of shale gas would come seamlessly to the rescue.
|
|
Read more...
|
|
|
Musings: EIA Forecasts More Shale Gas Resources And Greater Use |
|
|
Rigzone, 27 December 2010
The U.S. Energy Information Administration (EIA) released its Annual Energy Outlook 2011 (AEO2011) Early Release Overview last week that dramatically increased its estimate of technically recoverable unproved shale gas resources and raised its forecast of the amount of natural gas to be consumed in the future.
|
|
Read more...
|
|
|
Burglary team stripping vacant L.A. buildings bare |
|
|
LA Times, 24 December 2010
A team of burglars has been roaming the streets of downtown Los Angeles, search for aging, vacant buildings they can strip bare. Over the last year, at least four buildings have been stripped clear of copper wiring and other metals during brazen heists that often take days to complete. Police estimate each job can yield $1 million or more in metals — and cost much more for property owners to repair the damage.
|
|
Read more...
|
|
|
Economic Optimism? Yes, I’ll Take That Bet |
|
|
New York Times, 27 December 2010
Five years ago, Matthew R. Simmons and I bet $5,000. It was a wager about the future of energy supplies — a Malthusian pessimist versus a Cornucopian optimist — and now the day of reckoning is nigh: Jan. 1, 2011.
|
|
Read more...
|
|
|
|
<< Start < Prev 1 2 3 4 Next > End >>
|
| Results 1 - 9 of 29 |
