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Category Archives: peak oil

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 […]

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 pÃ¥ torsdagen . If built by the Romans, 2000 years, if by the […]

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 […]

IEA: peak oil closing in

From OilDrum Europe: In a stunning interview for the French daily Le Monde, Fatih Birol, the chief economist of the International Energy Agency (i.e. the intergovernmental body created after the oil shocks of the 70s to coordinate the West’s reaction to energy crises) effectively says that peak oil is just around the corner, and that […]