peak oil
There’s been a lot of crowing in certain media arenas lately about the “death” of peak oil: “For every barrel of oil produced in the world from 2007 to 2009, 1.6 barrels of new reserves were added,” Businessweek recently gloated, noting that we’re “awash” in not only
peak oil
Sustainability and “green” business have become common topics in many corporate boardrooms, but there’s one issue that most firms have all but ignored, at least publicly: the growing risk of an energy crunch. As we enter 2011, however, that’s an issue they can no longer afford to dismiss.
peak oil
Despite the progress we’ve made in expanding renewable energy supplies, we’re simply not moving fast enough right now to make a difference when it will matter. And we’re not just talking about bringing down carbon emissions to avoid dangerous climate change. We’re talking about having a
peak oil
What will 2010 be remembered for? According to a leaked report from a German think tank, this could be the year that witnesses the arrival of peak oil: that is, a global maximum in petroleum production levels to be followed by a steady — or precipitous — decline. The report from the
peak oil
Peak oil felt like a very real and immediate possibility around the time of the oil price peak in mid-2008, but the “oil-is-here-to-stay” crowd has enjoyed something of a resurgence since then. Oil prices are down (though back to more than twice the low seen after the financial meltdown). Furthermore,
peak oil
The words “peak oil” are being heard more often these days, and in increasingly exalted corridors, but what do they actually mean? Mere inconvenience and higher prices at the pump? Or TEOTWAWKI (for “the end of the world as we know it”)? Let’s look at some of the scenarios
peak oil
Who would’ve thunk it? As we ease into the second decade of the 21st century — a period that had promised a new era of technological advances beyond imagination — the issues of oil and climate are becoming less IEEE and more Tom Clancy. First, of course, we have the hacking
peak oil
Even if you’re not concerned about climate change, there are growing signs we’re in a race against time in making the transition from fossil fuels to renewables. The great looming question now is, “Can we shift to a low-carbon economy before oil becomes harder to get, unaffordable or
peak oil
Talk about mixed messages from the bigwigs who gathered in Davos, Switzerland, for the World Economic Forum (WEF). On the one hand, they said, to avoid dangerous climate change, we have to invest billions more than we already are into clean, green energy technologies. On the other hand, they said,
peak oil
The world’s conventional oil production is likely to peak before 2030, with a significant risk that the peak could arrive even earlier — before 2020 — according to a new report from the UK Energy Research Centre (UKERC). Despite the serious implications of that, however, the report notes that, “Most governments
peak oil
Never underestimate the willingness of investors to cash in on disaster. If you know that, you won’t be surprised to learn that a new hedge fund is now focused on the looming spectre of peak oil. Announced last week, the Peak Oil Value Fund was launched by logi Energy
peak oil
Why, in the midst of a global recession, are oil prices hovering in the $70-a-barrel range, when $30-odd a barrel was considered a good price for the market just a couple of years ago? Meet a little concept called “peak oil,” which — despite its detractors — is daily showing more signs