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Category Archives: peak oil

And now Russia…

… is abandoning the dollar in oil sales. “Resource nationalism” on the rise, free trade on the fall.

Lots of stuff happening…

… in global geopolitics these days.
Like, Iran has completely stopped selling oil in dollars. Yuan and euro are fine.

95

Now its is around 95$/bbl; the highest ever, even taking into account the value of the dollar.
And PetroChina is now the biggest.
A good summary from ITV:

93

Getting frantic.
93, and the winter is coming.
So maybe the PKK are reading this?
Meanwhile, PetroChina becomes the secong biggest company on earth, second only to Exxon-Mobil. PetroChina being the company active in –– Darfur.

86

Did’t have time to notice the 85$/barrel price before it was 86$.
More on peak minerals.

81

New record, 81 dollars per barrel.

Irak ja öljy

Olen koittanut olla kirjoittamatta mitään Irakin sodasta, mutta nyt ei enää pysty pidättelemään. Alan Greespan – niin, niin, entinen Fedin puheenjohtaja, 18 vuoden ajan, eikä mikään samanniminen kadunmies – julkaisee huomenna massiiviset muistelmansa. Yksi lause sieltä kuuluu Washington Postin ja Times‘in mukaan näin:

“I am saddened that it is politically inconvenient to acknowledge what everyone knows: [...]

How long will concrete & steel last?

UPDATE: Now the international comission has completed its work and says that Suorvadammen meets “high international standards”:
Den internationella kommission som undersökt Sourvadammen under tre dagar, anser att Vattenfalls dammsäkerhetsarbete i Sourvadammen “hÃ¥ller högsta internationella standard”.
Det säger Vattenfall i ett pressmeddelande på torsdagen
.
If built by the Romans, 2000 years, if by the Moderns, much less. Left [...]

Perspective


75

Crude oil production is down, liquid production flat, and demand is up. Price at 75 dollars per barrel.
In Elonkehä 7/2007 Lasse Nordlund writes that one stone-age human was able to feed 1-2 companions, while a civilized person needs the energy equivalent of several hundreds of people to do the same. Efficiency has been going down, [...]



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