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Peak Oil News Friday September 1st 2006
Third US Conference on Peak Oil and Community Solutions (Yellow Springs, Ohio: Fri-Sun, Sep 22-24)
This annual event is a key educational and networking opportunity for all individuals concerned about Peak Oil and climate change, and who are working to make the necessary changes in their lives and communities. At the conference you will
learn the latest information on Peak Oil and how it will affect our economy and our lives ,and discover the limitations of the proposed energy alternatives. Also you'll hear about solutions for food and farming, housing and transportation and explore the concepts of relocalization, sustainability, agrarianism, and more. While there you'll have the opportunity to strategize with fellow Peak Oil activists, academics and community organizers and become a part of this consortium of people involved in environmental action.
Peak Oil Forecasters Win Converts on Wall Street
The death of cheap, abundant crude, peak forecasters warn, might unleash war and plunge the world into a second Great Depression. That's not the prophecy of some apocalyptic cult. Willem Kadijk, a hedge fund adviser, is just one new proponent of a geologic theory known as peak oil. Behind this controversial idea is the belief that global oil production is now at or near its zenith. Once the flow crests and starts to decline - and some geologists say it already has - oil will no longer be able to slake the world's growing thirst for energy.
'Peak-oil' doomsayers catch Wall St.'s attention
On a sweltering midsummer Tuesday in the fields outside Pisa, Willem Kadijk scribbled notes as a ragtag troupe of doomsayers predicted the end of the Oil Age. With his shaved head, jeans and sandals, Kadijk, 48, blended into a crowd gathered under a white tent to hear of the coming calamity. The death of cheap, abundant crude oil, the forecasters warned, might unleash war and plunge the world into a second Great Depression. That is 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.
Is The NYMEX Oil Market Being Manipulated?
"The question is not is the NYMEX being manipulated... The question is how much is the price of oil being manipulated? We discussed the other day that the Commodities Futures Modernization Act took regulatory oversite of the oil markets away from every exchange but the NYMEX. On that basis, it is the NYMEX that is quoted on CNBC and pretty much everywhere else the price of oil is being discussed."
Preparing for a Crash: Nuts and Bolts
"Before action one needs theory. My first suggestion in this regard is, if you’ve read three or more books on oil depletion, stop. You have reached a point where more statistics will not convince you any more. Use your time to read other books. First you need a basic understanding of how we got here, of why our subspecies of Homo sapiens sapiens is in this pickle. Essentially, our hunter-gatherer ancestors reached the limit of the carrying capacity for hunting and gathering and so needed to intensify food production."
United States faces bigger worries than ‘hot’ fuel
Instead of getting hot under the collar about the dubious issue of “hot” fuel, it’s imperative to focus and react to the more substantial dire fuel and energy issues at hand. This country shouldn’t and won’t retrofit all retail gasoline dispensers for temperature compensation to the detriment of the entire northern half of the country, where fuel temperatures average less than 60 degrees. We’d be fiddling with a net fuel pittance while our Romanesque energy policy burns. We’ve been lulled into energy policy complacency by a faith in free market economics while unfolding Mideast oil wars, basic geologic depletion and a dearth of recent substantial oil discoveries are signaling dire consequences ahead.