The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned. Higher oil prices…
CERA Global Oil Group Managing Director Jim Burkhard spoke at a CSIS session on “Transforming the Transportation Sector: Energy Security, Climate Change, and Transportation.” During his presentation, Mr. Burkhard explained that in acknowledging that peak oil is here, CERA’s interpretation…
The head of Shell, Jeroen Van De Veer, highlighted the mounting challenges facing the oil and gas industry with particular emphasis on the sheer sums of money needed to be invested in keeping the energy flowing. He said energy demand…
EU Energy Commissioner Andris Piebalgs posted an interesting viewpoint in his blog recently. The post is called “Are we moving towards a new oil crisis?” and points out that the world seems to be moving towards a new set of…
Norway’s oil production fell to a preliminary 1.99 million barrels per day on average in April from 2.15 million in March, the Norwegian Petroleum Directorate said on Thursday. Non-OPEC producer Norway is the world’s fourth biggest oil exporter and western…
Colin Cambell has now written newsletters for 100 months. 100 months is a long tenure. In his first letter, he introduced the world to a new term, “Peak Oil.” I first made contact with Colin by email in the autumn…
(This article is published by ASPO International, www.peakoil.net, and the article can be published as printed or on the web by making this reference. Translations to other languages are also accepted. An original Swedish version that is translated into English…
The world could run out of oil in 20 years. This grim scenario is not the prediction of environmentalists, but of Michel Mallet, the general manager of French energy giant Total’s German operations. In an interview, Mallet calls for a…
The number of exploration wells being drilled in the North Sea has collapsed by 78% in the first quarter of 2009 compared with the same period last year, according to the most recent industry data from Deloitte, the accounting and…
The US should consider new gasoline and diesel taxes and expand domestic oil and natural gas production to recently opened offshore areas to increase the nation’s energy security, IEA chief economist Fatih Birol said today. The US government should consider…