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Peak Oil News Saturday September 23rd 2006

(How can we already be) looking at the end of the age of oil
(Grist Magazine) As a petroleum industry analyst who gave up material security for a career as an activist against petroleum industry expansion, I've developed a unique understanding of the global peak in oil extraction. Questioning society's energy needs has always been my tendency. But I gained further understanding of our culture by giving up affluence and many conveniences. This was an attempt to get closer to nature and live by my wits with the support of activists and my growing community of friends far and wide.

No wonder Bush
(VHeadline.com) My oh my, has Hugo Chavez caused a furore. Looking at the news reports filed in the last 24 hours, one would think that he snuck a dirty-bomb into the United Nations rather than gave a speech. In fact, the plucky Chavez may have delivered the finest 30 minute presentation that august assembly has ever heard.

Peak Oil Passnotes: Why Is Oil at $60
(Resource Investor) When a commodity or a stock moves fast we tend to get very excited. We hope to discover whether or not it has made some kind of quantum leap or is just part of a long term trend. So what the heck is happening to crude oil? Is this a slip? A correction? Or gigantic profit taking? Or none of the above? Since we last wrote this column oil has continued its most excellent nosedive, actually breaching the $60 at $59.80 intraday this week. Just six weeks ago it was busting out at $78 and everyone – this commentator included – thought it was only a matter of time before $80 oil arrived.

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