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World NewsPeak Oil News Sunday September 24th 2006
Put crudely, petrol panic runs out of puff
(The Australian) Two months ago, Australia was being told to brace for petrol prices of $2 a litre. Israel was pummelling southern Lebanon, US motorists were draining fuel reserves, and oil traders were talking up the real chance a barrel of oil would soon be worth $US100. What a difference a few months can make. Oil prices are on a five-week losing streak courtesy of a milder Mother Nature and a dose of diplomacy in the Middle East.
James Howard Kunstler on relocalization and peak oil (transcript)
(Global Public Media) The message is getting out. More and more people have noticed there's a problem with petroleum and gas. And now, peak oil is spoken - even within the corridors of power. Even though sometimes it's to deny it. But, not always, by any means.
Oil crunch: US Energy Department study concludes crude production will peak
(Houston Chronicle) Last September, a Chronicle editorial warned that global oil production would peak in this decade or the next, and then inexorably decline. Given that likelihood, the United States would have to embark on a crash program to develop alternative energy sources or endure crippling increases in the price of energy.
Fuel gets more environmentally correct
(The Register-Guard) Being socially responsible isn't always easy. Nobody knows that better than Team Best of ... Sure, we try to do our part: recycling, buying organic (when the price doesn't give us a heart attack), letting the lawn go brown in August, keeping the winter thermostat under control. But, hey, we're not perfect, and a couple of team members must confess upfront.
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