I wrote as early as september 2008 that offshore drilling is not a sustainable solution as the added oil reserves won’t enable us to go much further and will keep feeding our global addiction for oil. To rally Republicans to his climate bill, President Obama decided to embrace this solution last month. This was a …
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 spikes within years.” ” The scientist and researchers from Oxford University argue that official figures are inflated because member countries of …
According to an article from The Economist, Iraq has plans to quadruple its oil production by the next seven years. This would increase the production from the current 2.5 million barrels per day to 12 million barrels. This would bring Iraq as the world’s first oil producer, putting Saudi Arabia in the second place. The …
This was the question I had on my mind as I read that for the first time in 60 years, the US car fleet decreased by four million in 2009. Is this a limited phenomenon or will it continue ? The Earth Policy Insitute believes this trend could last until at least 2020. This makes …
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 to use that time well.” The founder of the Virgin Group and other business leaders from the United Kingdom are urging …
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. This is the largest yearly increase in a decade. There are more and more concerns that either peak oil already occurred or …
Even if electric vehicles are due to be a major hit this decade – I will soon propose you a series of articles on that – energy efficient internal combustion engines (and hybrids) still may be a solution to cut our oil consumption. The Volkswagen Up! Light with its extremely efficient engine might be the …
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 – oil. Understanding that peak oil is either near or already arrived we can either burn as much unconventional oil as …
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 : “The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the IEA …
For my latest post for CleanTechies I propose a reflection further to an interesting op ed Thomas L. Friedman wrote on the New York Times on why America should tax more gasoline. As I noted earlier US drivers pay less than ten euro cents per liter of tax when their German, British, Italian, Turkish or …
