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Archive | Peak oil

What shale oil boom? Over barely after it started?

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 […]

How can satire be done when there are tornado truthers now?

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, […]

Newt plays the gas prices card

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 […]

Study: Oil demand will peak before supply runs out

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 […]

IEA: World oil supplies declining faster than expected

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 […]

Energy crisis, A discussion with Matt Simmons

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.

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