Monthly Archives: November 2009
Industry Experts Offer Growing Drumbeat of Supply Warnings
Groups and individuals speaking out about forthcoming world oil supply challenges are frequently stereotyped as a fringe element with little knowledge about the oil industry. But their warnings are increasingly supported by some surprising allies: senior petroleum industry officials, consultants … Continue reading
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Tagged al Husseini, energy industry, Exxon, Industry Task Force, investment banking, Jeremy Gilbert, Jeremy Leggett, Peak Oil, Talisman Energy, UK
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Head in the sand
The International Energy Agency was established in the wake of the 1974 oil crisis. Its functions are to provide authoritative information on the supply of oil, and energy policy advice based on it to its member nations. The IEA has … Continue reading
U.S. Unemployment animation
There are now 31 million people unemployed in the U.S. as a result of the worst economic upheaval since the Great Depression. This animation of unemployment rate by county shows the deteriorating transformation of the U.S. economy from January 2007–approximately … Continue reading
The Global Oil Depletion Report
The report finds: Despite large uncertainties in the available data, sufficient information is available to allow the status and risk of global oil depletion to be adequately assessed. But the available methodologies can frequently lead to underestimates of resource size … Continue reading
Key oil figures were distorted by US pressure, says whistleblower
The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.
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Did oil cause the latest recession? IEA weighs into the debate
The IEA points out that it had warned in 2006 that the effect of high oil prices from the preceding four years had not yet worked their way through the world economy, and that further increases in prices would “pose … Continue reading
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A post-oil world gets less sci-fi by the day
The IEA figures showed there could be a gap of 7m barrels a day between supply and demand by 2015. That represents about 8% of the expected world demand by then, 91m barrels a day. The gap will grow as … Continue reading
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The elephant in the room
… Investment in these markets will, I believe, bring unprecedented growth for the entire world going forward. The downturn in the economy going forward is merely a correction. In the long term, growth will prevail. — Alan Greenpants, Economist and … Continue reading
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Green Energy Experts: Why Do They Buy Solars?
The old adage “Invest in what you know” does not mean that a pilot should buy airlines. It means that that a pilot will have more knowledge of the airline industry than an industry outsider, and my be able to … Continue reading
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