Tagged: Peak oil

Oil prices could reach $220 this year 0

Oil prices could reach $220 this year

If you think gasoline is too expensive, you haven’t seen anything yet… To the Wall Street Journal : ” Nomura Securities says that if Algeria joins Libya in the land of chaos, oil prices...

Saudi Arabia overstated its oil reserves by 40% 1

Saudi Arabia overstated its oil reserves by 40%

To the Guardian : ” The US fears that Saudi Arabia, the world’s largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in show....

Oil prices back above $100 0

Oil prices back above $100

To the AFP news agency : ” Brent crude rose on Tuesday, holding above $101 on fears that worsening turmoil in Egypt could disrupt supply flows through the strategic Suez Canal, analysts said. “...

IEA unveils its latest report : WEO 2010 1

IEA unveils its latest report : WEO 2010

Like every year at this period, the International Energy Agency published this week its latest World Energy Outlook (WEO). This year it is focusing on how country members can reach the goal they committed...

A single solution for three problems 0

A single solution for three problems

Yesterday took place around the world 7,700 gatherings in over 180 countries to urge governments to embrace 350 : lowering the amount of carbon dioxide to 350 ppm (today’s levels are at 388). I...

Armies thinking about a post-oil world 1

Armies thinking about a post-oil world

While browsing CleanTechnica I found an interesting article on peak oil. According to a leaked military report from the German Bundeswehr, peak oil will occur this year and the consequences will be dramatic. Among...

Oil reserves are exaggerated by one third 1

Oil reserves are exaggerated by one third

According to the Telegraph : ” The world’s oil reserves have been exaggerated by up to a third, according to Sir David King, the Government’s former chief scientist, who has warned of shortages and price...

Think the current crisis is the worse ? 0

Think the current crisis is the worse ?

According to the Guardian, Richard Branson believes that ” The next five years will see us face another crunch – the oil crunch. This time, we do have the chance to prepare. The challenge is...

Oil prices went up by 78 percent in 2009 2

Oil prices went up by 78 percent in 2009

During the financial crisis in late 2008, oil prices went down from $147 to $33 in just a few months. However, oil prices soon went up as they increased by 78 percent last year....

Extreme oil anyone ? 0

Extreme oil anyone ?

While some magazines print sensationalist articles, some other prefer to carry out real research with real facts and figures. New Scientist indeed published an interesting article on what they call extreme – or unconventional...

More on why peak oil already occurred 2

More on why peak oil already occurred

We have already seen that some believe that peak oil may have already occurred last year. Now some IEA officials stated unofficially that oil production forecasts are completely unrealistic.  As The Guardian noted :...