Big Gav explores how the shale oil boom may not be all it’s hyped up to be. The fields aren’t as big as originally expected an they play out fast. The chart says it all. This is not a source of energy we can rely on for more than a few years. Shale oil was […]
That evil Obama apparently is creating mega-tornadoes in Oklahoma to deflect our attention from Benghazi before ordering the UN to kick down our doors and seize our guns. But wait, Pat Robertson said the tornado was because Oklahoma (AKA the Buckle on the Bible Belt) wasn’t praying hard enough. I an SO confused. But wait, […]
By Christian Wright I like this article, and I am glad it is written. The American left barely exists. The self-consciously “anti-imperialist” American left, in a country of 300 million people, can probably be housed in its entirety in one of our smaller to mid-sized sports areas. Its influence is marginal, but unfortunately this rarely […]
Right on time, while the Automobile Club of America reports gasoline prices have risen, on average, 13.1 cents in the past month—despite the fact that gas prices traditionally fall in the month of February as people drive fewer miles during the wintery month: At a campaign event in Suwanee, Georgia, the former House Speaker told supporters that he […]
From those wild-eyed tree huggers at the Wall Street Journal.
Hughes is not alone in predicting that fears over peaking oil supplies are largely unfounded, on the grounds that economies will find replacement sources of energy at a faster rate than the oil industry expects. Let’s hope so. Because that will mean we’ve switched to a renewable energy, non-petroleum-based economy. BP and Verenium form cellulosic […]
Oh wait, it’s a major oil company that’s saying it.
Infectious Greed We have temporarily dodged a bullet. The upcoming IEA World Energy Report will say that global oil supplies are falling faster than expected, and massive investments are required just to (almost) stand still. The only thing making things marginally less calamitous? The current downturn-induced demand collapse has given us a little more time […]
‘A History of Oil’ comes highly recommended by both Sue and Wood at John Heron Project. (Haven’t had time to watch it yet, have been traveling and am at hotel with flaky wifi as I type this.)
Gasoline historically has been extremely cheap. It still costs less than beer or most any other liquid. Matt Simmons thinks gas could go to $12-15 a gallon. Demand is increasing while supply is dropping. That’s the problem.