OPEC’s “Fictional” Comfort Blanket

March 9, 2011By Andy RowellBlog Post, Featured 1 Comment

Many people are now getting jittery about Saudi Arabia. Protesters in the Kingdom have called for a “day of rage” his Friday to show their dissatisfaction with King Abdullah’s regime. Meanwhile the King has tried to head off serious unrest in the country by pledging to boost spending on housing, social welfare and education. And … Read More

US Military Warns Of “Severe Energy Crunch”

April 12, 2010By Andy RowellBlog Post 2 Comments

The United States Joint Forces Command goes by the slogan “Ready for today. Preparing for tomorrow”. But the military planners are certainly getting worried about tomorrow. They argue that “Fossil fuels will very likely remain the predominant energy source going forward,” but then warn that “a severe energy crunch is inevitable without a massive expansion … Read More

Oil Reserves “Exaggerated by One Third”

March 24, 2010By Andy RowellBlog Post

Back to the peak oil debate. We could reach peak oil much faster than predicted, according to Sir David King, the British Government’s former chief scientist, who has warned of shortages and price spikes within years. King argues that the world’s oil reserves have been exaggerated by up to a third.  

Is an “Oil-Less Recovery” On its Way?

February 12, 2010By Andy RowellBlog Post 2 Comments

We are getting really mixed messages over what will come first: peak oil or peak supply. First of this week was BP saying global peak oil demand will happen sometime between 2020 and 2030. Then we had the UK Industry Task-Force on Peak Oil and Energy Security which published a report entitled “The Oil Crunch … Read More

BP: Peak Demand Will Happen Before Peak Supply

February 4, 2010By Andy RowellBlog Post 2 Comments

Various blogs on the site over the last few months have warned about what peaking global demand will do for the oil industry. Last August in the blog “What About the Demand-Side Warning?” we quoted Lorne Stockman, the author of report on how reducing oil demand might affect the tar sands.