When you pump oil, the easy stuff comes out first, after that it gets more like tar. Most fields outside the Middle East are already past their peak. Oil discoveries peaked in the 60s and we've now used about half the worlds oil. World oil production will soon start to decline.
Up until now, higher prices have always been met by more oil pumped. This wont be able to happen for much longer, so prices will continue to rise until people find ways to use less oil. Until then there will be shortages, much higher prices and growing international tension over remaining oil stocks. We are not facing the “end of oil”; it will be around for at least another 50 years. However, we are facing the end of cheap and abundant oil, on which our society has been built.
Solutions to peak oil are also part of the solution to climate change .
Nine years ago, no one would have expected to see a rastafarian MP. Nine years later, again, no one would have expected how practical and engaged the outsider and firebrand would prove to be. In typical Nandor fashion, he spoke from the heart, letting all MPs know what he thought of them and the institution he has served so well. Make sure you watch through to the timely conclusion. (14 min.)
The sustainability clause in the new Biofuel Bill, reported back from select committee today, is the strictest in the world, Green Party Co-Leader Jeanette Fitzsimons says.
The Government should underwrite the funding stream for the electrification of the Auckland rail system so new electric trains can be ordered now, the Green Party says.
Green Party Co-Leader Jeanette Fitzsimons has answered John Key's call to lower the OCR to counter high oil prices by saying that is like trying to catch a fish with a teaspoon.
Chevron's Will You Join Us - Even big oil recognises that "the era of easy oil is over". Their new website highlights the rapid pace of oil consumption and invites participation in public debates on our energy future. As their vision says "We can wait until a crisis forces us to do something. Or we can commit to working together, and start by asking the tough questions."
EnergyBulletin.net - A clearinghouse for current information regarding the peak in global energy supply. Publish news and research. They have an excellent Peak Oil Primer that contains links to a wide variety of useful websites.
Oil Depletion Analysis Centre (ODAC) - An independent, UK-registered educational charity working to raise international public awareness and promote better understanding of the world's oil-depletion problem. Comprehensive list of recent news.
Association for the Study of Peak Oil & Gas (ASPO) - A network of scientists, affiliated with European institutions and universities, having an interest in determining the date and impact of the peak and decline of the world's production of oil and gas.