Tag Archives : Peak Oil

Ben Quinn, correspondent for The Christian Science Monitor, reports that Virgin owner and megawealthy Richard Branson supports the alarmist ‘warning of an impending peak oil crisis.’ Branson and some fellow British business leaders funded a recent study whose report supports the claim that peak oil will be real by 2015. The impending scenario where [...]

Forget peak oil. What the world will grapple with in the future is something far scarier than the alarm over peak oil: peak water. And just like oil, the problem behind water scarcity is the unequal distribution of and unequal access to the resource. The global imbalance in the distribution and access to water looks dismal: ‘With 31 percent of global [...]

‘The false threat of disappearing oil’ has brought about a mad scramble for renewable energy schemes, as well as imposition of ‘unnecessary and expensive conservation measures on a public already struggling through tough economic times.’ The ‘peak oil theory’ states that ‘geological scarcity will at some point make it impossible for global [...]

According to recent calculated predictions, there will be ‘a sharp drop in projected future world oil output,’ alarmingly revising former calculations. This means that there is today a shrinking world supply of oil. Also projected is an attendant ‘increase in reliance on what are called “unconventional fuels” — oil sands, ultra-deep [...]

The world is hooked on oil, with the US as its main guzzler. America is 7.5 billion barrels a year thirsty of it, and imports more than half of its oil needs. Wars are fought over oil. The US went to war in Iraq to cordon off Saudi Arabia oil where the world’s largest oil field is now being constructed. No need for war in the Middle East now. Saudi [...]

In man’s quest for fuel to run his life more efficiently and conveniently, he has gone through many awkward situations just so he does not run out of it. It’s been a maddening quest all along. This panic over Peak Oil, or the alarmist thought that the earth is nearing the complete exhaustion of oil reserves, has made man turn different ways to [...]