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Peak Oil News Friday September 15th 2006
Producers move to debunk "Peak Oil" forecasts: report
(People's Daily Online) Leading petroleum producers, including Saudi Arabia and Exxon Mobil Corp., are aggressively arguing that plenty of crude oil remains for world consumption, a move to counter critics who contend crude output is about to plateau, according to the Wall Street Journal on Thursday. The argument, known as the "peak-oil" theory, has provided intellectual backing for the boom in crude prices and sowed doubts among some policy makers about crude's long-term reliability as an energy source.
Get ready for price rationing, oil guru says
(Globe and Mail) Henry Groppe has been tracking the ups and downs of oil through 60 years, 11 U.S. presidents and five full cycles in the commodity. So he knows what he's talking about when he says that this time, it's different. "This is the most interesting time I've ever experienced," he said. The 80-year-old Texan, who has been an independent consultant on oil and gas markets for longer than most of his competitors have been alive, believes we have seen more than just an overheated oil market over the past couple of years.
Industry officials say oil supply OK
(Portsmouth Herald News) Leading players in the petroleum industry, including Saudi Arabia and Exxon Mobil Corp., are aggressively arguing that plenty of crude oil remains for world consumption, in an effort to counter critics who contend crude output is about to plateau. That argument, known as peak-oil theory, has provided intellectual backing for the boom in crude prices and sowed doubts among some policy makers about crude's long-term reliability as an energy source.
Conference on peak oil
(Harvard Post) The Association for the Study of Peak Oil-USA (ASPO-USA) and Boston University will co-sponsor the 2006 World Oil Conference, "Time for Action: A Midnight Ride for Peak Oil," on the campus of Boston University Oct. 25 to 27. Conference topics include: Oil and gas depletion (what's the evidence on Peak Oil?); mitigation (what responses are available?); transportation (what is the future direction of personal transportation, its limitations and prospects); alternative energy; economics; energy security, government policy and more.
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