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Peak Oil in the News
Peak Oil News Thursday November 2nd 2006

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Natural Gas Demand Exceeding Supply
(Donga.com) Korea is expected to suffer serious natural gas shortages until 2017. According to the Outlook of Natural Gas Demands of the Korea Gas Corporation (KGC) this paper acquired on November 2, domestic demand for natural gas will go up an average 4.9% annually from 26.75 million tons in 2007 to 38.81 million tons in 2017.

The Peak Oil Crisis: Virginia Writes a Plan
(Falls Church News Press) Last summer the Commonwealth of Virginia began work on a state Energy Plan in response to legislation adopted in the 2006 General Assembly session. Now it would be nice to think this plan was developed in response to the looming threat of peak oil, but sadly this is not the case.

The end of the age of oil
(NewsWithViews.com) As America grows by 3,000,000 people annually on its way to adding 100 million people in the next 34 years, our planet home grows by 80 million people each year and will add another 2.1 billion by 2040.

$60 oil divides producers and consumers
(Reuters) Five years after Norway joined OPEC output cuts to head off an oil price collapse, the world's third biggest exporter is backing OPEC's view that near-$60 a barrel oil is reasonable and no barrier to economic growth.

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