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Peak Oil In The News

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Peak Oil News Thursday August 31st 2006

Will the End of Oil Be the End Of Food?
American agriculture is fatally dependent on oil. A few forward-thinking farmers are trying to reduce their reliance on fossil fuels. Farmer Richard Randall doesn't believe in the notion of "peak oil," the argument that civilization will soon experience an acute - and irreversible - petroleum scarcity that will fundamentally alter our way of life. A 61-year-old wheat and sorghum grower from Scott City, Kan., Randall says he's seen high oil prices before, and that today's expensive petroleum is just part of a natural market cycle that will eventually adjust itself, leading to lowered fuel costs.

Broad Based Organizing in Hamilton
What do the Lister Block, Aerotropolis, GRIDS, Hamilton's response to peak oil, and Hamilton's response to climate change have in common? In all cases, Hamilton City Council is ignoring its own policies and guidelines to impose decisions that violate the city's long term planning goals. Since the early 1990s, when Vision 2020 became Hamilton's official planning guide, this city has been notorious for trotting out its policies selectively and ignoring them entirely when they point in an inconvenient direction.

Peak Oil Forecasters Win Converts on Wall Street to $200 Crude
On a sweltering Tuesday in mid-July, in the fields outside Pisa, Italy, Willem Kadijk scribbles notes as a ragtag troupe of doomsayers predict the end of the Oil Age. With his shaved head, jeans and sandals, Kadijk, 48, blends into a crowd gathered under a white tent to hear of the coming calamity. The death of cheap, abundant crude, the forecasters warn, might unleash war and plunge the world into a second Great Depression. That's not the prophecy of some apocalyptic cult. Kadijk, a hedge fund adviser, had flown from Amsterdam to attend a conference on a geologic theory known as peak oil.

The Peak Oil Crisis: Labor Day 2006
What a difference a month makes. Just four weeks ago Hezbollah and the Israelis were engaged in the heaviest fighting the world has seen since the US overran Iraq. When the fighting started, oil prices jumped on concerns that oil exports might be affected. In July there were fears US motorists might draw down the country’s gasoline reserves during the summer driving binge. Soon thereafter, BP noticed that some of its Prudhoe oil pipelines were rusting through, threatening an important share of the US’s West Coast oil supply. Finally, the hurricane season was about to begin.

Sun Total
Controversial Silicon Valley maverick T.J. Rodgers is suddenly high tech's biggest champion of alternative energy. Does it matter that he's ultimately in it for the money? Or that he can't stand environmentalists? He certainly doesn't think so. Rodgers is one of those rare Silicon Valley entrepreneurs colorful enough to make the jump from the obscure dreariness of the valley's business pages. He was dubbed "one of America's toughest bosses" by Fortune.

The Four Phases of Transition
'Things do seem to be getting worse very quickly. Free-fall is a strong word, but I think it's the right one to use here,' says Paul Ashworth, chief U.S. economist at Capital Economics. But most Americans look into the future, see a weakening property market, and fear not. They have been told that soft housing prices pose no problems for the rest of the economy. They have no reason to doubt that it is true; no reason to squint and try to see further. They dread neither slump nor boom...neither war nor peace. They believe everything will be managed by the authorities so as to do no great damage to the homeland. But you typically don't lose money (or make it) when things happen as expected. No one plans on losing his life savings. It comes as a surprise - along with sudden death, financial crashes, and other crises.Where will the surprise come from this time?

Reality Bites
U.S. automakers acknowledging that gas prices are likely to stay high. Expect gasoline prices to stay between $3 and $4 a gallon for the rest of the decade, says ... no, not some fearmongering environmentalist or peak-oil nut, but Chrysler CEO Thomas LaSorda. In fact, all of Detroit's Big Three automakers have resigned themselves to current gas prices and are revamping their business models accordingly.

The Case For and Against "Peak Oil"
What matters is that peak oil is coming, and soon. Almost a century and a half after the first U.S. wells were drilled in Titusville, Pennsylvania, production has begun to decline in more than a dozen countries, including the U.S., according to the BP Statistical Review of World Energy. Production at the giant Cantarell oil field in Mexico is likely to decline 8 percent this year, according to Mexican state oil monopoly Petroleos Mexicanos.