It is a peculiar combination of technological, economic and geopolitical factors that has led to the present crash in oil prices, lulling many observers into dismissing peak oil. Through it all, the fact remains that the production of ‘conventional oil’, drawn mostly from established oil wells, has not gone up since its peak in 2008.
world oil production
Coal Rush in India Could Tip Balance on Climate Change The New York Times India’s coal mining plans may represent the biggest obstacle to a global climate pact to be negotiated at a conference in Paris next year. “If India goes deeper and deeper into coal, we’re all doomed,” said Veerabhadran Ramanathan, director of the
(Editor’s note: Rumours of another global economic meltdown has been doing the rounds of online forums for at least couple of years now, but of late there seems to be a spike in the commentary warning about such a possibility. Commentators offer different reasons for why this might happen, but what’s pertinent is that most
The Peak Oil Crisis: Iraq on the Precipice From Oilprice.com ISIS now has control of one of three major refineries in Iraq which supplies the motor fuel and oil for power stations for the northern part of Iraq. Let’s assume, however, that before this year or next is out, Iraqi oil exports drop substantially as