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Peak Oil News Wednesday September 6th 2006
Zero Waste and BioFuels
The first area for urgent attention is the need to reduce our fuel demands by increasing efficiency. Many of the answers are right in front of our nose, starting with the adoption of a 25 year goal of reducing transport fuel use by 25% by requiring better vehicle fleet fuel efficiency. At a stroke of the pen, we could achieve 5% fuel savings within 5 years. This could start with a reduction in passenger car engine sizes. Current fuel prices are depressing the demand for large vehicles such as SUVs, and this trend could be further assisted by selectively imposing purchase taxes on vehicles, in line with their engine sizes. 
Big Coal, Lost Mountain
We as writers and storytellers need to make connections obvious to urban America, Reece wrote to me. Now, as the decade of peak oil and peak coal arrives, we need to point a way into a far different future -- one that is sustainable, healthy, smaller in scale and far more attractive than strip malls and strip mines. Its time to grow up in other words, and start taking some responsibility for ourselves.
Americans must unite to develop alternative energy
ontrary to popular belief, our biggest vulnerability as a nation is our economic dependence on foreign oil. Whereas our military protects us from foreign invasion and numerous safeguards have been put in place since 9/11 to secure our homeland, little prevents foreign dictators or rogue militias from cutting off our oil supply. In today's era of peak oil production, even the smallest disruption of supply can increase oil prices to the point of hampering our economy.
Biggest US oil find in years sparks hope for energy security
The announcement that new oil production has been succesfully tested in the deep waters of the Gulf of Mexico was hailed by experts as proof that oil has not yet reached its peak production, but many questions and concerns remain. One of the main drivers of the oil-price hike has been the fear that oil production might be coming close to its peak, just at the moment when new growing economies are creating extra demand. Although a theory initially proposed by industry 'rebels' such as former BP expert Colin Campbell, the "peak oil" argument has won over a lot of followers in recent years, even among market watchers and investors.
Peak oil theorists don't know Jack
The elephants aren't extinct yet. Chevron Corp. and its partners say they have tapped into an area that may contain as much as 15 billion barrels of oil in the ultradeep waters of the Gulf of Mexico the kind of massive reservoir of crude that the industry dubs an elephant discovery. The days of such discoveries were supposedly gone, with oil supplies peaking as the world simply ran out of big oil-producing fields, according to pessimistic forecasters. Instead, high technology and sky-high oil prices have combined to transform dud prospects into billions of barrels of crude.
A Bubble In Crude
Those worried about having enough oil can relax. A big new discovery shows there's plenty out there - if we have the guts and patience to go get it. It's no secret that the U.S. has become more and more dependent on foreign sources for oil, leaving us vulnerable to crude blackmail by countries such as Iran and Venezuela, threatening our security and making us economically dependent on those who would do us ill. As the new discovery shows, it doesn't have to be this way. According to the three companies that drilled it Chevron Corp., Statoil ASA and Devon Energy Corp. - a deep-water well in the Gulf of Mexico may boost U.S. oil reserves - now estimated at 29 billion - by up to 50%.
Dr Ali Morteza Samsam Bakhtiari and the four phases of transition
Dr Ali Morteza Samsam Bakhtiari is a former senior energy expert who spent his long career, which started in 1971, employed by the National Iranian Oil Co. (NIOC) of Tehran, Iran. During the course of his employment with NIOC, he held many important positions of trust and responsibility. Dr Bakhtiari is now fully retired from NIOC, in accordance with a mandatory age requirement. He has no current official link with the company. But, luckily for us in the Western world, he is among the pioneers of the global "Peak Oil" theory. Dr Bakhtiari predicts oil will cost in the range of $100-150 per barrel in the not-too-distant future. He characterizes as the "Four Phases of Transition" (which he labels T1, T2, T3, and T4) in a world of declining conventional oil output.
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