The day after being attacked by Tony Blair for its reporting, the Independent newspaper once again leads on a story of huge importance.
The paper looks at how leading scientists have criticized BP’s Annual Review of the world’s remaining oil reserves, warning that the end of oil is coming sooner than governments and oil companies are […]

Development of the remaining untapped oil reserves will push world production to its ultimate peak as early as 2020, before a long, slow decline begins near mid-century, according to petroleum geologists, speaking at their annual conference.
“The peak in world oil production is not imminent, but is nevertheless foreseeable,” said Richard Nehring, an independent petroleum geologist […]

Ok so there is a raging peak oil debate out there. The Peak oil pundits say we are in real trouble, the oil industry say that there is enough oil for the meantime not to worry.
But now the US Government Accountability Office has waded into the controversy. It has undertaken a Peak Oil study (pdf) […]

On March 5, the New York Times published a front-page story called “Oil Innovations Pump New Life Into Old Wells.”  Getting new oil from “played out” wells was the thrust of the piece; as the price of oil rises, it becomes worthwhile investing new money into old wells.  The article also indirectly took on the […]

The oil industry is finding it harder to expand upstream capacity, a new report by the Centre for Global Energy Studies has warned.
“Development costs are up sharply, essential equipment and skilled labor are in short supply and host governments want a bigger share of the proceeds,” it concludes.