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Peak Oil Could Now Be Reality
Peak Oil Could Now Be Reality ASPO 2009 International Peak Oil Conference Brings Experts Together to Discuss Impacts on U.S. and Global Economy DENVER, Colorado - August 18, 2009 - With our world at the convergence of peak oil and climate change, ASPO’s 2009 International Peak Oil Conference, titled System Reset: Global Energy and the New Economy, brings together experts from around the world
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The Role of Speculation in the 2007-2008 Spike in Oil Prices.
Over the last 8 years many explanations have been offered on why oil prices gradually increased before spiking upward. In the United States, Bush administration officials and industry lobbyists consistently blamed conservation groups and the laws that protect our environment for causing high energy prices. The accusations reached a crescendo in the summer of 2008 as oil prices peaked and chants
Briefs February 2, 2009
Fatih Birol, the chief economist at the International Energy Agency, estimates that around $100 billion in projects, mostly outside of OPEC, have been delayed or canceled over the past year because of weaker oil prices. In some cases, companies are waiting for lower costs. In others, they are deferring projects that have become unprofitable at today’s oil prices.
Briefs January 26, 2009
China boosted crude oil production by 2.3 percent in 2008 while natural-gas output gained 12 percent even as the economy expanded at the slowest pace in seven years. (1/22, #12) Colombia’s 2008 average crude oil output totaled 588,000 barrels a day, up from 531,000 barrels a day in 2007 as high prices in the first half of the year pushed companies to increase production.
International Energy Agency Acknowledges “Patently Unsustainable” Trends in Global Energy Supply and Consumption
World Energy Outlook 2008 report details significant challenges in petroleum production, agreeing with ASPO-USA’s long-held position DENVER (Nov. 17) – National and international energy agencies have long downplayed the statistics and significance of oil depletion. Finally, in Wednesday’s World Energy Outlook (WEO) 2008 report, the Paris-based International Energy Agency (IEA) conclusively
