There’s been a lot of excitement in the past year over the rise of North American oil production and the promise of increased oil production across the whole of the Americas in the years to come. National security experts and other geo-political observers have waxed poetic at the thought of this emerging, hemispheric strength in energy supply. What’s less discussed, however, is the negligible effect this supply swing is having on lowering the price of oil, due to the fact that, combined with OPEC production, aggregate global production remains mostly flat.

But there’s another component to this new belief in the changing global landscape for oil: the dawning awareness that OPEC’s power has finally gone into decline.

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National security expert Michael Klare believes the struggle for the world’s resources will be one of the defining political and environmental realities of the 21st century. In an interview with Yale Environment 360, he discusses the threat this scramble poses to the natural world and what can be done to sustainably meet the resource challenge.

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There’s been a lot of excitement in the past year over the rise of North American oil production and the promise of increased oil production across the whole of the Americas in the years to come. National security experts and other geo-political observers have waxed poetic at the thought of this emerging, hemispheric strength in energy supply. What’s less discussed, however, is the negligible effect this supply swing is having on lowering the price of oil, due to the fact that, combined with OPEC production, aggregate global production remains mostly flat.

But there’s another component to this new belief in the changing global landscape for oil: the dawning awareness that OPEC’s power has finally gone into decline.

read more

A weekly roundup of peak oil news, including:
-Oil and the global economy
-The EU crisis
-Iran
-Retail gasoline prices
-Quote of the week
-Briefs

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National security expert Michael Klare believes the struggle for the world’s resources will be one of the defining political and environmental realities of the 21st century. In an interview with Yale Environment 360, he discusses the threat this scramble poses to the natural world and what can be done to sustainably meet the resource challenge.

read more

National security expert Michael Klare believes the struggle for the world’s resources will be one of the defining political and environmental realities of the 21st century. In an interview with Yale Environment 360, he discusses the threat this scramble poses to the natural world and what can be done to sustainably meet the resource challenge.

read more

Jeff Rubin is currently touring his new book, The End Of Growth. As the former Chief Economist for CIBC World Markets he brings an intimate knowledge of financial markets and how they work to the peak oil/end of growth community populated by other venerable thinkers such as Richard Heinberg, Chris Martenson and John Michael Greer.

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A weekly roundup of peak oil news, including:
-Oil and the global economy
-The EU crisis
-Iran
-Retail gasoline prices
-Quote of the week
-Briefs

read more

A weekly roundup of peak oil news, including:
-Oil and the global economy
-The EU crisis
-Iran
-Retail gasoline prices
-Quote of the week
-Briefs

read more

Whenever the U.S. supply of imported oil is threatened with interruption (or if the U.S. economy should recover much), the global marketplace bids up the oil price, and the politically sensitive price of gasoline will rise in step and depress consumer spending. Whenever the world oil price is high enough, it can cause an economic crisis. In this case global demand may contract sharply, as it did in 2009. The price can never rise for long above what the global oil market can bear.

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