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October 08 2012

Earlier this week, President Islam Karimov of Uzbekistan indicated that efforts by Kyrgyzstan and Tajikistan to build hydroelectric power stations on rivers that flowed into Uzbekistan and Kazakhstan could “spark war.”
Vietnamese President Truong Tan Sang obviously had China in mind when he warned recently that tensions over water resources are not only threatening economic growth but presenting a source of conflict.

June 28 2012


But peak oil is not about the end of oil. Geologically speaking, that will never happen. Rather, peak oil is about the end of the cheap, abundant, easy to extract oil, the "sweet" crude that has been the bedrock of our industrial civilization, and the basis of the economic growth we’ve come to take for granted. This older oil still accounts for 75 percent of our daily


consumption, but has been disappearing at the rate of 3-4 mb/d each year, and will be largely gone in 20 years. As older fields dry up, newer ones are not being discovered. In 20 years, cheap oil will be largely gone.

Peak oil is also about the increasing worldwide demand that is outstripping production. According to the latest report from the International Energy Agency, global oil demand is forecast to climb to 89.9 mb/d in 2012, a gain of 0.8 mb/d (or 0.9 percent) on 2011. Oil production has flat lined at around 85 mb/d since 2005; producers cannot increase production because new fields cannot keep pace with declining production from old fields, registering an aggregate decline rate about 5 per cent per year. When supply cannot meet demand, oil prices rise, along with everything else in our consumer-oriented society that is dependent upon oil (like our food).

Hence, energy companies have increasingly turned to unconventional sources, those previously identified reservoirs that were long considered inaccessible and prohibitively expensive, such as deep offshore and Arctic oil, shale oil, and tar sands.

Is Peak Oil Dead? - Brattleboro Reformer

May 13 2012

Have we used up all our resources? Have we filled up all the livable space on Earth? Paul Gilding suggests we have, and the possibility of devastating consequences, in a talk that's equal parts terrifying and, oddly, hopeful.
Paul Gilding: The Earth is full | Video on TED.com

May 09 2012

Now you can be the protagonist of the petroleum era: explore and drill around the world, corrupt politicians, stop alternative energies and increase the oil addiction. Be sure to have fun before the resources begin to deplete.
Oiligarchy | Molleindustria
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