Peak Oil Article Links Click on the titles below to read the full articles. 2004Verne Kopytoff, San Francisco Chronicle, 21 March 2004 Experts try to predict when the world will start running low on the natural resource that keeps all the engines running. Julian Darley, From the Wilderness, 17 March 2004 If the Saudis are right, the industrial world has decades more of abundant and cheap oil. If Matt Simmons is right, the world is almost certainly in for global oil production decline before the end of the decade. Jacqueline Doherty, Barron's, 15 March 2004 The era of cheap, plentiful oil may be coming to a close. Oil market tightness is likely long term Jeffrey Rubin, The Globe and Mail, 15 March 2004 Has the world already seen the peak in conventional crude production? That '70s show: Another energy crisis? Jessica Miller, Waterloo/Cedar Falls Courier, 15 March 2004 Regardless of whether the peak will happen this decade, people need to start thinking about it. Running Out of Oil -- and Time Paul Roberts, Los Angeles Times, 7 March 2004 The news last month that the vast Saudi oil fields are in decline is a far bigger story than most in the media, or the United States, seem to realize. Pump Prices Just a Drop in the Bucket of Fuel Woes James Flanigan, Los Angeles Times, 7 March 2004 Lots of motorists are ticked off that refinery outages in California have pushed the price of gasoline to $2.20 or more a gallon. But if they understood the real cloud hanging over our energy future, their anger would rightly give way to a different emotion: fear. Will The End of Oil Mean The End of America? Robert Freeman, Common Dreams, 1 March 2004 Weaning ourselves off of cheap oil, while not easy, will help ensure the vitality of the American economy and the survival of its political system. Choosing the route of force will almost certainly destroy the economy and doom America’s short experiment in democracy. The Saudi Arabian Oil Miracle — Can It Continue to Grow? Barbara Ferguson , Arab News, 26 February 2004 “Everyone’s ‘plug’ factor for future energy growth is Saudi Arabia’s ability to increase its oil flow, but if this premise is wrong, the world is in store for a nasty shock.” Is Saudi Arabia running low on oil?? MidEastWeb Middle East Web Log, 25 February 2004 The world counts on Saudi reserve pumping capacity to smooth out market ripples in demand now, and the energy industry is also counting on undeveloped Saudi reserves to meet the expected increases in world oil needs in the coming years. Forecast
of Rising Oil Demand Challenges Tired Saudi Fields Energy forecasts call for Saudi Arabia to almost double its output in the next decade and after. Oil executives and government officials in the United States and Saudi Arabia, however, say capacity will probably stall near current levels, potentially creating a significant gap in the global energy supply. Brian
Braiker, Newsweek, 17 February 2004 Saudi Oil Reserves May Limit Global Role, an Expert Asserts John M. Biers, Dow Jones Newswires, 3 February 2004 A prominent Houston energy analyst and investment banker is questioning whether Saudi Arabia will be able to continue playing the role of swing producer for the global oil market. Bill Powers, Financial Sense Online, 1 February 2004 Many geologists believe we are in for a period of significantly higher oil prices, while nearly all economists and the analyst community predict oil prices will fall. Who do you believe? 2003's constant surprises may not be finished Matthew R. Simmons, WorldOil Magazine, February 2004 The 21st century oil markets, so far, have been very different than so many observers expected. These surprises might not be as random as many believe. A clear sea change may be underway. Has global oil production peaked? David R. Francis, The Christian Science Monitor, 29 January 2004 If it has — or if a peak lies only a few years away — the repercussions would be huge. Demand for oil outstripping supply Richard Gwyn, Toronto Star, 28 January 2004 As oil supplies dwindle, not in themselves (or not for a long time) but in relation to demand, so will the price at first escalate, and then soar. Alfred Cavallo, Bulletin of the Atomic Scientists, January/February 2004 One hundred and twelve billion of anything sounds like a limitless quantity. But in terms of barrels of oil, it's just a drop in the gas tank. A battle against shrinking reserves Carola Hoyos, Financial Times, 7 January 2004 BP and its biggest competitors must find fields the size of the North Sea every 18 months just to stop their reserves from shrinking. Plan now for a world without oil Michael Meacher, Financial Times, 4 January 2004 It is hard to envisage the effects of a radically reduced oil supply on a modern economy or society. Iraq and the Problem of Peak Oil F. William Engdahl, Current Concerns, No 1, 2004 It is increasingly clear that the US occupation of Iraq is about control of global oil resources. Control, however, in a situation where world oil supplies are far more limited than most of the world has been led to believe. 2003Monte Paulsen, Dragonfly Review of Books, 4 December 2003 What would you do differently if you knew you would run out of oil in your lifetime? George Monbiot, The Guardian, 2 December 2003 Every generation has its taboo, and ours is this: that the resource upon which our lives have been built is running out. We don't talk about it because we cannot imagine it. This is a civilisation in denial. Check
That Oil The
end of the oil age The
End of the Oil Age
Inflated oil prices and natural gas shortages are wiping out jobs and savings, thanks to three decades of bungled energy policy. Get ready for more bungling. ASPO,
ODAC see conventional oil producton peaking by 2010 The Association for the Study of Peak Oil (ASPO) — a network of scientists, universities, and government departments — met near Paris at the Institut Français du Pétrole (IFP) May 26-27 to push their serious warning that conventional oil production will peak before 2010. Merrill
Lynch publishes views on worldwide oil and natural gas industry The worldwide oil and natural gas industry faces increasing challenges in replacing reserves and growing production, according to 2002 statistics from the Merrill Lynch Global Securities Research & Economics Group. The
End of The Fossil-Fuel Era Not Far Off: We need an energy
supply and pricing policy that's sustainable To avoid a serious energy crisis in coming decades, citizens in the industrial countries should actually be urging their governments to come to international agreement on a persistent, orderly, predictable, and steepening series of oil and natural gas price hikes over the next two decades. Let’s
turn world fuel crisis around The
Petroleum Plateau The
Party's Over When Mike Bowlin, Chairman of ARCO, said in 1999 that “We’ve embarked on the beginning of the last days of the age of oil,” he was voicing a truth that many others in the petroleum industry knew but dared not utter. Taming
the Oil Beast A sensible, step-by-step energy policy is within our reach. Here's what to do. End
of Cheap Oil Poses Serious Threat to World Economy, Experts
Say When will the world run out of oil? That's the wrong question, according to experts who say it's much more important to ask when global oil production will reach its peak and begin to decline. 2002The
Oil Reckoning Earlier articles in this series pointed to issues of weapons of mass destruction and the changes in U.S. security policy when Bush came to power, but we also have to look closely at the significance of the region's oil reserves. The
Oil Endgame Fossil fuels have served as the engine of economic growth for many years, but there has been relatively little discussion to date about the peril of having an economy based on these finite resources. End
of the Fossil-Fuel Era The European Union and the United States are beginning to diverge in the most basic aspect of how a society is organized: its energy regime. The
Future of the Oil and Gas Industry: Past Approaches, New Challenges Strongly affecting our view of the future and our understanding of the present is the large number of complex factors influencing the current industry environment. Analysts
claim early peak in world oil production The world is drawing down its oil reserves at an unprecedented rate, with supplies likely to be constrained by global production capacity by 2010, "even assuming no growth in demand," said analysts at Douglas-Westwood Ltd. The
Coming End of Cheap Oil Kenneth Deffeyes, a Princeton professor emeritus and former Shell Oil research geologist, makes a persuasive case that output will peak around 2005, give or take a few years. Hubbert's
Peak and The Economics of Oil Plain and simple: the truth is oil and gas are depleting assets. Understanding the world of energy necessitates an understanding of the role that geology, financial markets, and politics play in influencing the supply and demand curve. Top
Geologist Foreees End of Petroleum Era 2001Another
Wolf at the Door Global oil production will probably reach a peak sometime during this decade. After the peak, the world's production of crude oil will fall, never to rise again. The
Coming Decline of Oil Amongst the billions of words brought forth by the climate debate over the past years, remarkably few have touched on an issue that ticks behind it like an unexploded time-bomb. More Peak Oil Links... |