Peak Oil in the News

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Peak Oil News Friday February 9th 2007

Earth Year 2007: What can one person do? Invest in the future
(Corvallis Gazette Times: Fri, 09 Feb) A story in the Feb. 2 Gazette-Times reported: "The world's leading climate scientists said global warming has begun, is 'very likely' caused by man, and will be unstoppable for centuries." This is not a surprise, global warming or climate chaos has been observed since the late 1800s.

Oil supply report to be released
(drive.com.au: Mon, 05 Feb) A Senate report into Australia's future oil supply will be released on Tuesday. It comes as peak oil theory experts and environmentalists prepare to link growing concern about global warming to the over use of oil.

Australia Faces Growing Oil Deficit - Senate Report
(Nasdaq: Wed, 07 Feb) CANBERRA -(Dow Jones)- Australia faces a growing shortfall of oil produced from domestic sources, with increasing imports needed to meet consumption in the coming years, according to a report issued by a Senate committee Wednesday.

Report urges vehicle congestion charge
(drive.com.au: Wed, 07 Feb) Australia must reduce its reliance on oil and consider imposing vehicle congestion charges in major cities, a key report on the country's future oil supply suggests.

Peak Oil Passnotes: The Iraqification of Iran
(Resource Investor: Fri, 02 Feb) Oil production is strong, new capacity is coming onstream. The market is looking for a new range, so do not expect $75 any time soon. Bombing runs notwithstanding.

Saudi CEO sees more oil in world energy future
(The Daily Free Press: Thu, 01 Feb) Abdallah Jum'ah, President and CEO of Saudi Aramco, one of the United States' main oil suppliers, assured an audience of more than 300 at the Harvard University Science Center that his company will help achieve a sustainable energy future by increasing oil production.

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