Home Page 2005

by Webmaster December 31, 2005 12:00

Prepare for Peak Oil Now, by Richard Heinberg, AlterNet [2005 November 14]

"Oil is a finite resource -- and the decline of world oil production is predicted to occur anytime within the next 30 years. To avoid the worst-case scenario, we must begin today to reduce our dependence on oil."

Full text of landmark document now available: Nuclear Energy and the Fossil Fuels by M. King Hubbert, Chief Consultant (General Geology), Exploration and Production Research Division, Shell Development Company, Publication Number 95, Houston, Texas, June 1956, Presented before the Spring Meeting of the Southern District, American Petroleum Institute, Plaza Hotel, San Antonio, Texas, March 7-8-9, 1956.

A timely message that was told earlier but couldn't be heard above the noise of saber rattling ...

"... I want to have an unpleasant talk with you about a problem unprecedented in our history. With the exception of preventing war, this is the greatest challenge our country will face during our lifetimes. The energy crisis has not yet overwhelmed us, but it will if we do not act quickly.

It is a problem we will not solve in the next few years, and it is likely to get progressively worse through the rest of this century.

We must not be selfish or timid if we hope to have a decent world for our children and grandchildren.

We simply must balance our demand for energy with our rapidly shrinking resources. By acting now, we can control our future instead of letting the future control us...." more ...

Energy Policy: A world with less oil, Seattle Post-Intelligencer Editorial Board [2005 July 11]
"The United States still needs a transformative energy policy, one that moves consumers away from oil. ... But the first step toward energy independence is the recognition that the world's oil supply will soon decline...."
Congressman Roscoe Bartlett Discusses Peak Oil--the End of Cheap Oil--with President Bush at the White House [2005 June 29]
"Congressman Bartlett has discussed peak oil extensively in the past seven weeks in a series of Special Order speeches to the U.S. House of Representatives. Copies of text, charts and video of peak oil speeches and presentations are posted on Congressman Bartlett’s website... "
Bill Clinton on Life after the Presidency, on Talk of the Nation [2005 June 3]
"We can create all these jobs in America with a clean energy future."
When the wells run dry, We use more oil than we find, and if producers are fixing their figures the end could be closer than thought, by Adam Porter, The Guardian [2005 May 25]
"Predicting the end of the age of oil can be a sticky business. The Association for the Study of Peak Oil and Gas (Aspo), a collection of industry figures, politicians and academics, this week held its annual meeting at the Gulbenkian Museum in Lisbon..."
Peaking of World Oil Production: Impacts, Mitigation, & Risk Management, by Robert L. Hirsch, SAIC, Roger Bezdek, MISI, Robert Wendling, MISI for the National Energy Technology Laboratory of the US Department of Energy [2005 February]
"The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and, without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking."
Expert says Saudi oil may have peaked, by Adam Porter [2005 February 22]
"As oil prices remain above $45 a barrel, a major market mover has cast a worrying future prediction.

Energy investment banker Matthew Simmons, of Simmons & Co International, has been outspoken in his warnings about peak oil before. His new statement is his strongest yet, 'we may have already passed peak oil'."

Chinese demand set to push Opec to limit, by Javier Blas and Kevin Morrison in London [2005 February 16]
"The Organisation of Petroleum Exporting Countries signalled a significant tightening of oil markets towards the end of this year, warning on Wednesday it would have to pump close to its maximum capacity next winter to meet rising demand from China against the backdrop of slowing Russian production."
U.S. Energy Policy: A Declaration of Interdependence, by David J. O'ReillyChairman and CEO, ChevronTexaco Corporation [2005 February 15]
"Simply put, the era of easy access to energy is over. In part, this is because we are experiencing the convergence of geological difficulty with geopolitical instability... [W]e are seeing the beginnings of a bidding war for Mideast supplies between East and West."
[Note: By reading this carefully, one can discover that the head of a major oil company is aware of the impending oil crisis. Editor.]
Vulture Capitalists, by Mobjectivist [2005 January 30]
"A couple of venture capitalists, Peter Huber and Mark Mills, have written an op-ed piece in the Wall Street Journal Online arguing that conventional oil depletion will lead us to alternative non-conventional oil sources as soon as the market finds them cost effective. The scary thing is that the authors are not only venture capitalists but also a PhD in Mechanical Engineering and a physicist, respectively.

"Maybe we should contact the schools the authors went to so we can ask to have their degrees retracted? I say that because what follows is my sentence-by-sentence deconstruction of the entire article. I count a couple of truthful assertions in the entire commentary. Not a good batting average for engineering...."



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