tag:blogger.com,1999:blog-224127602012-05-16T05:10:37.326-07:00Coming Oil Shock & Collapse of the Petrodollar www.theviewfromthepeak.comOil Shocknoreply@blogger.comBlogger901125tag:blogger.com,1999:blog-22412760.post-1157148166664438682006-09-01T15:01:00.000-07:002006-09-01T15:02:47.093-07:00

Visit this new bloghttp://www.theviewfromthepeak.net/newsblog/news.html

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1157085408625631332006-08-31T21:21:00.000-07:002006-09-01T01:31:56.250-07:00

For publishing convenience, we have changed the address of The URL for News updates changed from oilinvestor.blogspot.com to http://www.theviewfromthepeak.net/News_Updates.html.Also, please note that the old blog site will remain. Any users wishing to access older posts are free to visit the old URL at oilinvestor.blogspot.com. If you have the old site saved as a favorite, please visit the new

Oil Shocknoreply@blogger.com3tag:blogger.com,1999:blog-22412760.post-1157023391995769502006-08-31T04:22:00.000-07:002006-08-31T04:23:12.120-07:00

What a difference a month makes. Just four weeks ago Hezbollah and the Israelis were engaged in the heaviest fighting the world has seen since the US overran Iraq. When the fighting started, oil prices jumped on concerns that oil exports might be affected. In July there were fears US motorists might draw down the country’s gasoline reserves during the summer driving binge. Soon thereafter, BP

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1157023179433021142006-08-31T04:17:00.000-07:002006-08-31T04:19:39.486-07:00

On a sweltering Tuesday in mid-July, in the fields outside Pisa, Italy, Willem Kadijk scribbles notes as a ragtag troupe of doomsayers predict the end of the Oil Age. With his shaved head, jeans and sandals, Kadijk, 48, blends into a crowd gathered under a white tent to hear of the coming calamity. The death of cheap, abundant crude, the forecasters warn, might unleash war and plunge the world

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1157023012231236312006-08-31T04:14:00.000-07:002006-08-31T04:16:52.380-07:00

Global demand for oil will one day overtake our ability to produce it cheaply, and prices will skyrocket as half the world's easily extractable oil is gone. But when? A growing number think soon - if it hasn't already happened.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1157022445132581252006-08-31T04:06:00.000-07:002006-08-31T04:07:25.210-07:00

GLOBAL warming's failure so far to produce a repeat of last year's serial hurricane assault and battery of the oil-rich Gulf of Mexico is the swing factor in the suddenly soft price of oil.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1157022359912510482006-08-31T04:04:00.000-07:002006-08-31T04:06:00.330-07:00

After over 70 years in power, the mighty Soviet Empire unexpectedly vanished overnight and almost the entire communist tradition there dissolved. Was the cause of this cataclysmic collapse really the result of communist inefficiency and U.S. president Ronald Reagan’s Cold War military build up? Or was there an oil crisis that shocked the Soviet system? Or if Marxist-Leninist communism was so

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156909427866740442006-08-29T20:42:00.000-07:002006-08-29T20:43:47.950-07:00

Richard Heinberg is an unlikely latter-day Jeremiah. The contrast between this quietly spoken Californian college professor and accomplished classical violinist and his explosive message couldn't be more marked.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156909287851364062006-08-29T20:26:00.000-07:002006-08-29T20:41:29.000-07:00

Chris is the editor or Petroleum Review and is a well known speaker on peak oil. He also uses very detailed Powerpoint presentations which he zips through so fast that comprehensive note taking is nigh on impossible! You can find his powerpoint here, which is well worth a read, as he is a challenge to even the most dedicated note taker! Here’s what I got down from his talk, for which I make no

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156908372276420372006-08-29T20:24:00.000-07:002006-08-29T20:26:12.376-07:00

We are being mentally prepared for what is about to come: a devastating war with Iran. This war has been planned a long time ago and has been delayed by the unexpected insurgency in Iraq (for full details read "Why Iraq and Now Iran"). This war, in one form or other, is "almost" inevitable. The current US administration has climbed on a tiger, and in fear of being eaten, doesn’t know how to

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156907285404617622006-08-29T20:07:00.000-07:002006-08-29T20:08:05.486-07:00

The Nigerian Gas Company (NGC) declared, last Friday, that within the next twelve months, cars used in Nigeria would start running on Compressed Natural Gas (CNG) in view of the escalating cost of petrol, saying it has sent some of its staff to Argentina to be trained on how to establish and run NGC stations.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156907160964675902006-08-29T20:03:00.000-07:002006-09-09T19:03:15.056-07:00

U.S. installations projected to grow by 50% by the end of next yearRising prices for oil and natural gas fuel demand for wind power.A team of eight workers scrambled to assemble the 185th windmill in the largest wind farm in the northeastern United States. They had 10 more to build and wanted to wrap up the job by Labor Day.( Read on )

Oil Shocknoreply@blogger.com1tag:blogger.com,1999:blog-22412760.post-1156906981361909912006-08-29T20:01:00.000-07:002006-08-29T20:03:01.773-07:00

At Black Mountain, North Carolina, there is a developing ecovillage known as Earthaven that exemplifies Catherine Austin Fitts’ Solari economic model to a tee, though the community has never consciously worked directly from it. It is usually assumed that an intentional community such as this is a commune, but that is not so in the case of Earthaven. Instead, what I will call a “natural-capitalist

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156834253770086862006-08-28T23:47:00.000-07:002006-08-28T23:50:53.826-07:00

Dennis Meadows. Peak Oil and Limits to Growth. Wednesday 19th July 2006.The Fifth International Conference of the Association for the Study of Peak Oil and Gas (ASPO-5) July 18-19 2006 in San Rossore, Italy. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156833612955900312006-08-28T23:38:00.000-07:002006-08-28T23:40:13.013-07:00

IN A RECENT ARTICLE entitled "Nothing Like Business as Usual," published Aug. 11, 2006, in Whiskey & Gunpowder, I outlined the views on Peak Oil of a man named Ali Morteza Samsam Bakhtiari. Dr. Bakhtiari is a former senior energy expert who spent his long career, which started in 1971, employed by the National Iranian Oil Co. (NIOC) of Tehran, Iran. During the course of his employment with NIOC,

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156833466985636192006-08-28T23:37:00.000-07:002006-08-28T23:37:47.056-07:00

An American energy expert is pushing for Australia to sign up to an international protocol to reduce its dependence on petroleum.The Oil Depletion Protocol calls for nations to reduce their petroleum production and importation by 2.6 per cent each year - and gradually wean themselves off oil altogether.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156832994843533092006-08-28T23:27:00.000-07:002006-08-28T23:29:55.463-07:00

Jeremy Leggett. Peak Oil, climate change, and the daunting arithmetic of carbon fuels.The Fifth International Conference of the Association for the Study of Peak Oil and Gas (ASPO-5) July 18-19 2006 in San Rossore, Italy. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156832718645835122006-08-28T23:23:00.000-07:002006-08-28T23:25:18.713-07:00

With little doubt today the United States is being confronted with a crisis of major proportions. As world oil demand keeps growing and oil supplies are curtailed or threatened by political turmoil in the Mideast, world oil prices could well continue to escalate upwards at an alarming rate. This would portend a major increase in transportation costs with serious economic repercussions throughout

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156832502811436902006-08-28T23:20:00.000-07:002006-08-28T23:21:42.886-07:00

BP Plc’s shutdown of the largest US oil field may be the first of many, as decaying pipelines threaten to add 20% to energy prices in the next decade. "We’ll look back on this event as the Pearl Harbor Day in energy,’’ said Matthew Simmons, chairman of energy investment bank Simmons & Co International in Houston. The chance that the leaks and corrosion found at Prudhoe Bay by BP, Europe’s second-

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156832428727215342006-08-28T23:19:00.000-07:002006-08-28T23:20:28.863-07:00

Nebraska Governor Dave Heineman last week proclaimed September Renewable Fuels Awareness Month. Nebraska Corn Board Executive Director Don Hutchens says the proclamation comes as the state’s ethanol production is expected to surge over the next five years. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156832284683889512006-08-28T23:14:00.000-07:002006-08-28T23:18:04.936-07:00

An estimated $30 billion a year is pouring into developing liquefied natural gas.Despite concerns over the safety and the cost of importing it, analysts say the fuel will make up a larger and larger share of America's energy mix and may help prevent seasonal natural gas price spikes.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156738424459105882006-08-27T21:12:00.000-07:002006-08-27T21:13:44.566-07:00

NEW YORK Worries that a tropical storm front approaching the Caribbean could strengthen and head toward the Gulf of Mexico, where about a fifth of all U.S. natural gas is produced, drove gas prices higher on Thursday.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156737539607595542006-08-27T20:58:00.000-07:002006-08-27T20:58:59.676-07:00

THE Bracks Government has been challenged to establish an office of oil vulnerability to assess the impact of declining global oil production and prepare for petrol shortages.Bruce Robinson, convener of the Australian Association for the Study of Peak Oil and Gas, has also called for higher fuel taxes.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156737413061575792006-08-27T20:55:00.000-07:002006-08-27T20:56:53.216-07:00

Gasoline shortages and even higher prices loom, a new government report says, and it will take decades and trillions of dollars to replace American dependence on foreign oil.The U.S. Department of Energy report directly addressed the concept of peak oil and how to deal with it. Peak oil means oil production is maximized and supply goes down from that point forward. Coupled with a surge in demand

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156736068771798972006-08-27T20:33:00.000-07:002006-08-27T20:34:28.850-07:00

Given the fact that planet Earth is finite, it follows that the oil under the Earth's surface is finite as well. The point will come, if it hasn't already, when half the world's oil will have been pumped. When this point occurs, it will become more difficult and expensive to pump the remaining oil, causing the price of oil to go up. This will signal the point of peak oil production, and each year

Oil Shocknoreply@blogger.com0