Richard Ha writes:
By now, most people realize that oil prices are going to keep rising due to declining world oil supplies.
Information confirming what I’ve been saying here all these months is starting to come in so fast and furious that I’m having trouble keeping up with it anymore.
So I’ve decided to provide links to the energy articles and blogs I find most useful in keeping track of these topics. They'll also be posted soon on the sidebar on this blog.
• Gail Tverberg is one of the editors of The Oil Drum, and I find her to be one of the most credible writers on energy. When The Kohala Center brought her to the Big Island to be the featured speaker in an energy forum, I took her to give a talk to the Kanaka Council. She was extremely well received by them.
• Robert Rapier cuts through the spin and hype relating to biofuels. His responses to comments are very informative.
• Subscribe to daily Peak Oil news to stay current on energy topics. Soon you will be as current on energy news as anybody.• This Chris Martenson video on Peak Oil explains what’s going on very clearly. I strongly recommend you look at the rest of the “chapters,” too.
• I recommend this Jeff Rubin YouTube video. Rubin is a Canadian economist and author, and a former chief economist at CIBC World Markets. From the video:
“How much longer can the world pretend that it won’t soon be facing another energy shock, one every bit as challenging as the one it faced two years ago? Whether we are talking about supply or demand, there is nothing on the horizon to prevent the imminent return of the very same oil prices that put us into the deepest postwar recession yet in the first place.”
"...Estimates on the timing of the peak have narrowed dramatically, and now center on the 2012-2015 time frame. The range of estimates on the peak rate of production remain a bit broader and shrouded in caveats, but they are rapidly drawing closer to 90 mbpd. And the globally averaged, post-peak annual decline rates are settling in around 2%.
In other words, industry and governments appear to be coming around to what my call has been all along -- 2012, at 90 mbpd or less, then declining at about 2.5% per year.
Now we know that the oil and gas industry, and the world's governments, are not only aware of the peak oil threat but they are deeply worried about it. Worried enough to huddle behind closed doors, away from the press. Worried enough to formulate plans to control price volatility. Worried enough to agitate for more transparent data. Worried enough to begin planning for a future of relentlessly declining energy.
But not worried enough to tell the American people the truth—not just yet."