ASPO-USA is undergoing a transition from a wholly volunteer organisation to having a small paid staff and has a backer prepared to match public donations dollar for dollar to help ASPO-USA become more able to match it with the well funded corporations putting out the opposite message. The above is explained more fully Here (Click to view) The Wall St Journal has an article detailing Saudi Arabia's plans to build a huge industrial base using their oil dollars and oil itself as the primary energy source. This ties into the Export Land Model discussed before on the thread, demonstrating the strong likelihood that major exporters will be using far more of their own oil in the future than they currently are - meaning oil exports will be less available for the rest of the world: Saudi Industrial Drive Strains Oil-Export Role (Click to view) Kurt Cobb discusses Roger Bezdek's (co-author of the Hirsch Report) lecture from the 2007 World Oil Conference on the future of airlines, which theorises that their profitability will steadily decline and eventually lead to major problems for both them and the wider economy: Welcome to Fantasy Air (Click to view) Jim Hansen for ASPO-USA on translating 'Peak Oil awareness' into investment strategies (please note this is the author's opinion, not foolproof investing advice): Peak Oil and Portfolio Prudence (Click to view) Rob Hopkins of Transition Culture reviews David Fleming's new book The Lean Guide to Nuclear Energy, which Rob describes as "a thorough demolition of the case for nuclear power being a solution to peak oil and climate change": David Fleming's New Book Provides Death Knell for Nuclear Power (Click to view) Sharon Astyk has a critical evaluation of John Michael Greer's recent article (linked to a few of posts back) entitled Agriculture: The Price of Transition...decide for yourself who presents the more convincing case: The Price of Things (Click to view) And finally, Roger Blanchard for ASPO-USA discusses the challenges, realistic expectations and future of oil production in the Gulf of Mexico region: Oil Dreams in the Gulf of Mexico (click to view) It's probably doubtful that there'll be much news coming out over the holiday period folks, so don't be concerned if there's no or very few updates between now and the New Year - most Peak Oil activists and authors will be taking a very well deserved break, and IMO it's a good time for all of us to say a quiet thankyou for all their hard work over 2007 to get the message out.
A Modest Proposal A Modest Proposal Weather the Weather By: Bruce Haigh https://www.newmatilda.com/home/articled ... 6&Homepage\ ID=231 If governments are to meet the demands of climate change, they will need more rather than less control over what used to be termed public utilities and assets. In this light, NSW Premier Morris Iemma's proposal to privatise the State's electricity companies flies in the face of common sense. Climate change will increase demand for electricity. Under Iemma's short-sighted proposal, pricing and distribution decisions will reside in the hands of private companies and uninterrupted electricity supply will, over time, become a luxury only for those with money. Telstra is a case in point. Look at Telstra and you see the shortcomings of privatisation in a country where distance reduces or negates profitability outside the major cities. There is a basic incompatibility between delivery of service and the demands of shareholders, and private power companies are not going to perform any better for customers than the shareholder-driven Telstra. In an Australia transformed by global warming, how will the Government ensure the equitable distribution of water? As I write, major irrigators — mainly cotton growers — are buying up licences in the hope that if they own enough they will ensure a flow of water sufficient to sustain the profitability of their enterprise. The creation of water licences was an act of unbelievable stupidity. The only thing a privatised market will achieve is an increase in the gap between rich and poor. How will the States handle consumer demand for the curtailment of privatised essential services? As we have seen with Telstra, recourse to the law — with endless delays and appeals — is not going to deliver solutions as demand increases and supply diminishes. The law will need to be upheld by force. Such force would be beyond the resources of the State Police. To ensure the supply of water or power from recalcitrant suppliers would require the intervention of the armed forces, which would immediately bring into play the Federal Government. Shortage of resources, poor distribution, profit gouging and corruption will bring Federally-controlled force to centre stage, rendering the States irrelevant. Extreme events, whether climatic or political, reinforce and deliver power to the centre. Climate change and the centralisation of Government power will go hand in hand. The need for survival will remove political niceties and rivalries within the hallowed halls of Canberra and strip the large Government-created monopolies of power and profit. Military pressure on Australia from northern neighbours keen to access water and arable land would see the Federal Government take over neglected national infrastructure such as roads and railways. Climate change has the potential to undermine sound democratic structures in the same way that poor political structures have done in countries such as Ethiopia, Zimbabwe, Pakistan or Burma. The Government would assume control over all aspects of life, including the distribution and allocation of oil, petrol, diesel, coal and gas. It would assume the power to compulsorily acquire property and other private assets deemed necessary to ensure the survival of the nation. Of course, centralising power need not necessarily mean an end to democracy. Protective structures might be put in place, providing checks and balances to protect the basic rights of citizens. However, if the 11 years of the Howard regime are any indication, there is not much initiative among Australians to fight for democratic solutions and institutions. So Australia would become a military dictatorship, increasingly engaged in military conflict to protect its shrinking resources. All sections of the population would be drawn into militarisation as troops, producers of military equipment and food. Trade would become an increasingly hazardous undertaking and Australia would slowly be militarily disadvantaged as its overseas-produced military hardware is destroyed or wears out. To survive we would have to adapt and become innovative, self-disciplined and self-sufficient. It would be nice to end on an optimistic note. The only way I can do that is to hope against hope and cast a wish that Government and industry might face the above, put self interest aside and create cooperative mechanisms to ensure equitable, prudent and sustainable use of resources. But even if we achieve that monumental task in Australia, how do we achieve that degree of cooperation and equity in the rest of the world? How do we help achieve it in the Indonesian Archipelago, where military-sponsored corruption is endemic? Set against all this, the Bali Climate Change Conference was a lost opportunity to establish binding sustainable solutions.
The Energy Noncrisis Ok, here we have it in Lindsey Williams 1-8 parts…the cause of the Middle East wars and how Americans pay inflated oil tax at the pump to feed IMF and the World Bank…how the 8 trillion US debt and oil price hiking are playing into current world drama and how peak oil is concocted because the Gull Island Alaska Oil field could supply the US with cheap oil for 200 years. https://www.youtube.com/watch?v=2cYx0jbHPpY&NR=1 —IMF and World Bank rig the price of oil https://www.youtube.com/watch?v=NbakN7SL ... re=related —Lindsey Williams - The Energy Non-Crisis - Part 1 of 8. Peak oil a scam https://www.lwoil.com/ —9 DVDs and 2 books for $136.00
Sometimes it's better to say nothing. :wink: -------------------------------------------- David Strahan comments on a recent presentation by Jeremy Gilbert (former BHP Chief Petroleum Engineer) which focused on past reserve growth, the contributing factors, and the folly of relying on it to continue into the future (there is also an audio link to the full interview with Gilbert at this page). This topic is a little 'dry' so some of you may wish to skip it: The Limits To Reserve Growth (Click to view) John Michael Greer continues his series of articles on post-peak agriculture: Agriculture: Closing the Circle (Click to view) Very in depth three-part series on biofuels by David Rotman for those interested in this topic (keep in mind where this article is published as it is both realistic and perhaps overly optimistic in places :wink: Part I: The Price of Biofuels (Click to view) Part II: The Price of Biofuels (Click to view) Part III: The Price of Biofuels (Click to view) Tom Whipple recaps 2007 from a Peak Oil perspective: The Peak Oil Crisis: Issues (Click to view) And another from Tom discussing the 'perfect storm' brewing made up of the financial liquidity crisis, Climate Change and Peak Oil: The Peak Oil Crisis: Storm of the Century (Click to view) Following on from recent articles posted here on the subject of post-peak agriculture, Jason Bradford has an interesting piece at The Oil Drum: Does Less Energy Mean More Farmers? (Click to view) Finally, an important article by Kurt Cobb where he discusses Charlie Hall's 'balloon graph' - a graphical representation of the ERoEI of various energy sources, how their ERoEI has decreased over time, and a demonstration of the massive challenges we face in scaling alternative energy sources to meet future demand: Charlie Hall's Balloon Graph (Click to view)
Obviously I am rooting to get off of hydrocarbons all together, as it is now possible with fuel cells, Magnagas and HHO and others. However we also have to take into account corruption at the highest levels which may be instigating a PREMATURE PEAK in order to bleed the populations further into poverty and vulnerability. https://youtube.com/watch?v=LZEiQ8-vf1Q —1 Megawatt Fuel Cell Power Plant UCLA—Northridge, Bill Sullivan—enough energy for 1000 homes https://youtube.com/watch?v=IrDpzYkgQT0&feature=related —Oxyhydrogen gas generator similar to the Stan Meyer fuel cell...(Stan Meyer...example of a HUGE man) This Lindsey Williams sure fills in a lot of the blanks...I mean did you know that the US tricked Saddam into going into Kuwait in order to instigate desert storm. How America thought it could keep the oil sales in US$ through brute force I have no idea. The soul of Americans is stained with the demise of the middle east, when Alaska contains enough oil to keep things going until new tech is fully established. I will have to get his book to know how the IMF and World Bank is running history, but it does appear that elections in the US are a waste of time...the economy is rigged, wars are rigged and politics is rigged. If history is predetermined by a bunch of invisible power-elite then is human life worth living? https://www.reformation.org/energy-non-crisis.html
Stephen:"I spent the better part of the morning checking out industry estimates on the vaunted Gull Island field. In Saudi Arabia there are 260 billion barrels of proven reserves. On the total North Slope there are about 55 billion barrels estimated...at current levels of demand that would last the U.S. about 7.5 years on its own. Rule of thumb...if it seems too good to be true it probably is." https://www.petroleumnews.com/pntruncate/35317794.shtml https://www.eia.doe.gov/ The oxyhydrogen, HHO, hydrogen on demand seem like the most promising transportation fuels.
The ASPO-Ireland has put out their January '08 update PDF on Peak Oil news...topics are: I thought it would be an appropriate time to post a few 2007 summary articles for those new to the thread and as a recap for everyone else on the big news of the year. Louis de Sousa has a summary for 2007 - "a collection of posts that reflects the most important events of 2007, from an energy perspective, or that otherwise were relevant on theoildrum.com." 2007 - The Year in Review (Click to view) Robert Rapier, also of The Oil Drum has posted his Top 10 Energy Stories for 2007, which were: While on the subject of The Oil Drum, they issued their first press release the other day, which coincided with the first time the price for West Texas crude broke through the $100 a barrel barrier: Oil Price Touches $100 a Barrel; Signal of Pending Oil Shortages Ignored (Click to view) The cyclone hovering over northern Australia briefly 'shut in' around 260,000 barrels a day of crude oil and condensate production...something to keep in mind in the future as oil supply becomes more difficult to import...much of the production around the world is vulnerable to extreme weather activity: BHP, Woodside, Santos Shut Oil, Gas Fields on Cyclone (Click to view) Dave Cohen for ASPO-USA has a good update article on the 'tar sands' in Alberta and the problems faced for further expanding production in the region: What's New at the Tar Sands? (Click to view) Tom Whipple has an article which explores the rising global demand for diesel which is pushing the limits of supply capacity (gasoline for US readers): And lastly, a draft version of Jeffrey's Brown's crucially important forthcoming paper on net oil exports from producer nations. The more the price of oil rises, the more income flows to oil exporters, with this extra income fuelling greater internal oil consumption. Ultimately, this means less oil is available for importer nations. This phenomenon is likely to be a very important factor into the future and we're fortunate to have Jeffrey's work on the topic available: Draft of "Net Oil Export" paper - comments? (Click to view)
One last summary of major Peak Oil events from 2007, this one from Tom Whipple for ASPO-USA: The Year in Review (Click to view) Jeffrey J. Brown and Samuel Foucher present a "A Quantitative Assessment of Future Net Oil Exports by the Top Five Net Oil Exporters." A Quantitative Assessment of Future Net Oil Exports by the Top Five Net Oil Exporters (Click to view) Stuart Staniford for The Oil Drum on "Modelling Biofuel Production as an Infectious Growth on Food Production": Sohbet Karbuz analyses the Peak Oil debate and the reactions to it by the various major oil companies: The peak oil debate and oil companies (PDF Format - Click to download) Bruce Robinson, ASPO-Australia's national convener has written to the federal government urging them to consider adopting petrol rationing with fuel prioritised for those who need it most: Record oil price sparks call for petrol rationing (Click to view) And finally, Major Cameron Leckie (serving army officer and member of ASPO-Australia) has an analysis for the Australian Army Journal looking at the effects of Peak Oil on the Australian Army's operations and some methods which could help to mitigate its impact: Peak Oil and the Australian Army (Click to view - 17 page PDF Format)
Matt Simmons dicusses the fact crude oil production levels still haven't surpassed the level they reached in May 2005: Another Nail in the Coffin of the Case Against Peak Oil (Click to view) Dave Cohen for ASPO-USA reiterates what the concept of Peak Oil actually means and contrasts that with the assumptions of those in the mainstream media: Peak Oil Confusion (Click to view) Indonesia joins the growing list of oil producers who are now 'post-peak' and becoming importers instead of oil exporters: Indonesia: No Longer an Oil Exporter (Click to view) Christophe de Margerie, CEO of Total (oil major and largest company in the EU) bucks the trend of 'big oil' CEO's by publicly declaring his belief that we're already beyond the point of Peak Oil: Totally different (Click to view) Casey Research interview with Matt Simmons: An Interview With Matt Simmons (Click to view) Lastly, Cliona O Conaill for New Consumer Magazine on local currencies (hosted at Transition Culture): Slow Money Revolution: the global growth of local currencies (Click to view)
I've been lurking on this forum for several months and thought I should finally get around to joining. I was waiting for this item to be posted here, but it looks as if perhaps not many saw it - the ABC's 7.30 Report ran a segment on Peak Oil a few days ago. Here is both a transcript and links to watch the video of the segment: https://www.abc.net.au/7.30/content/2007/s2141037.htm
Welcome Greyharp, thanks for adding that. Apologies for my tardiness in updating the thread folks. ----------------------------- Sharon Astyk has a long but worthwhile piece which examines a little of the science behind Peak Oil and Climate Change, laying out the case for each in simple terms for those struggling to understand or still sceptical: Why Is this Apocalypse Different than All Other Apocalypses: Making the Case for Peak Oil and Climate Change Now (Click to view) M. Jahi Chappell (PhD Candidate, University of Michigan Department of Ecology and Evolutionary Biology) examines the myth of industrial agriculture being far more productive than sustainable agriculture: Shattering Myths: Can sustainable agriculture feed the world? (Click to view) Tom Whipple has a piece on the numerous electricity crises going on around the world at the moment, in which he asks the question; "Are these shortages temporary or is the age of electricity, the way it is currently being generated, over for much of the world?": The Peak Oil Crisis: We Are Starting To Dim. (Click to view) For those interested in solar, there was quite a detailed article in Scientific American...it's quite unrealistic in some areas IMO, but interesting nonetheless: A Solar Grand Plan (Click to view) David Strahan analyses coal supply and demand over recent years, then projects further into the future - i.e. the peak of coal as an energy source: The Great Coal Hole (Click to view) Cambridge Energy Research Associates (CERA) have been at it again recently, with another 'we won't show the data' rosy prognosis for global oil production: No Evidence of Precipitous Fall on Horizon for World Oil Production: Global 4.5% Decline Rate Means No Near-Term Peak: CERA/IHS Study (Click to view) A couple of articles which are critical of the CERA release (no doubt there will be more to follow), the first from Randy Udall and Steve Andrews for ASPO-USA, the second from Edward Tapamor for Resource Investor: CERA’s Depletion Study: The “Good News” About Running Up the Down Escalator (Click to view) Peak Oil Passnotes: CERA's Silly Season (Click to view) CBC News reports that 90% of companies involved in 'oilsands' production in Alberta have been given a failing grade on their environmental performance: Oilsands producers get failing grade on environment (Click to view) Abdalla Salem el-Badri (OPEC Secretary-General) has an interesting interview with Petroleum World...it's the usual OPEC message, but with a few intriguing twists which leave little doubt that OPEC is not going to increase supply (if indeed it is capable - which there is significant doubt about) just to please Western motorists tired of high oil prices: OPEC Secretary-General : 'International oil companies are the real dinosaurs' (Click to view) And finally, a fascinating discussion has developed at The Oil Drum over a recent article by Stuart Staniford, which explores what he has termed the 'fallacy of reversibility' in relation to agricultural production - he contests the idea that we will go back to non-mechanised production in a post-peak world. The comments section below the article is full of good counter-points and I'd recommend continuing on beyond the article itself: The Fallacy of Reversibility (Click to view)
And a response to Stuart Staniford's article that also makes interesting reading: Is Relocalization Doomed?: A Response to Staniford’s "Fallacy of Reversibility"
Gail Tverberg has a draft at The Oil Drum of the material she's putting together for a university course which is a basic introduction to 'Petroleum and Peak Oil' - well worth a read either as a good overview or for anyone who wants to fill in a few knowledge gaps: Science 1101 - Petroleum and Peak Oil (Click to view) Another from Gail on the recent American Petroleum Institute (API) Blogger Conference Call: US Petroleum Supply, Ethanol, and State of the Industry - API (Click to view) Robert Hirsch discusses the recent Wall Street Journal article about CERA's recent oil decline study: The WSJ Article on a CERA Oil Decline Study (Click to view) Richard Heinberg on 'Peak Everything Economics': Peak Everything Economics, or, What Do You Call This Mess? (Click to view) 'Investment guru' Jim Rogers in an interview with EnergyTechStocks.com, discusses the reasons why he thinks that the current price of oil will not slow demand, eventually driving prices much higher: Investment Guru Jim Rogers: ‘It Doesn’t Look Like $90 to $100’ Will Be High Enough to Slow Oil Demand (Click to view) Dave Cohen for ASPO-USA outlines the considerable problems with cellulosic ethanol, within the context of the recent 'Energy Independence and Security Act' recently passed by the US government: False Hopes and Cellulose (Click to view) And finally, in all likelihood a sign of things to come in the realm of industrialised agriculture; shortages of artificial fertilisers - at any price:
Slightly different tack this week folks, nothing earth shattering happening which hasn't been explored before on the thread, so I thought I'd go with some articles which look more at 'the big picture' of Peak Oil. First up, one link which is undeniably Peak Oil specific and fascinating, but will probably appeal to only a very few (if any :wink, Joules Burn has mapped the largest and probably most crucial oil field in the world (Ghawar) using Google Earth. Joules' site link: Satellite O'er the Desert (Click to view) Jeff Vail has an interesting article on Jevons' Paradox and productivity: The Tata Nano Strikes Back--Does Jevons' Paradox Apply to Productivity, Too? (Click to view) Nate Hagens has an insightful and enjoyable article over at The Oil Drum which rather than summarise, I'll quote his intro: And finally, from Sanders Research Associates Limited..."John Busby challenges the widely held conviction that modern technologies can outweigh the crippling cost of producing ever scarcer resources." A very worthy article IMO: A Material World (Click to view)
One thing I forgot to include...in light of the claims made about Alaska's future production capacity earlier in the thread: Will Alaska Rise Again? (Click to view)
Dave Cohen for ASPO-USA examines what he has (very politely :wink termed 'CERA's Productive Capacity Ruse': CERA's Productive Capacity Ruse (Click to view) Still on the subject of CERA, the ASPO-USA is so confident CERA's recent analysis is wrong, that they have challenged the group to accept a $100,000 bet (CERA has been unavilable for comment :wink: Peak-Oilers Put Money Where Mouths Are (Click to view) John Michael Greer uses the analogy of recent decades of cheap, abundant energy being akin to living 'down the rabbit hole' in Wonderland...and now we have to go...: Back Up The Rabbit Hole (Click to view) Bob Wise for Resource Investor discusses emergy, the undervaluing of resources and the recent 5th biennial Emergy Research Conference: Resources Undervalued, Biofuels Overrated (Click to view) The Australian Public Transport Users Association (PTUA) has a recent press release where they warn that the government is fast running out of time to fix the transport system: Time running out to fix transport, Federal government warned (Click to view) I've posted numerous articles which reveal that despite record profits, 'Big Oil' is becoming increasingly marginalised as many countries nationalise their oil reserves instead of opening them up to private companies. This shift in power has never been more apparent than right now, as they release their reserve replacement figures for 2007. The problems they'll face in the future are even being picked up on by the likes of CNN: Oil Sector's Problem In Replacing Oil Reserves Could Worsen (Click to view) One important question relating to the future availability of oil, is whether national companies can keep up with the technological and logistic demands as well as 'Big Oil' has for many decades. Going on recent history, you'd have to say that in many cases, that would be unlikely. Lastly, Gail Tverberg for The Oil Drum has done two more revisions of her 'Science 1101: Oil as a Liquid Fuel' curriculum, the most recent of which is below for anyone who got something out of the first draft (which appears in an earlier posted link): Science 1101 Part 2: Oil as a Liquid Fuel (Click to view)
Steve Andrews for ASPO-USA has put out a 'Q & A' about its recent $100,000 bet with CERA (who apparently still refuses to speak on it, let alone accept it :wink: Some Q&A about that $100,000 CERA Bet (Click to view) Nate Hagens for The Oil Drum responds to recent press statements: The February 2008 update for world oil production, courtesy of Ace at The Oil Drum: World Oil Forecasts Including Saudi Arabia, Kuwait and the UAE - Update Feb 2008 (Click to view) A brief piece from the Wall Street Journal blog about the recent debate on Peak Oil between Nansen Saleri, former chief of reservoir management at Saudi Aramco, and Houston-based investment banker Matthew Simmons: Peak Oil: Simmons v. Saudis, Round Two (Click to view) Ugo Bardi for the European branch of The Oil Drum on the famous book 'The Limits To Growth' and its parallels with Peak Oil: Peak Oil and "The Limits to Growth": two parallel stories (Click to view) An analysis from Martin Payne of Peak Opportunities on the very rapid decline of Mexico's supergiant field - Cantarell: Cantarell Update & Production Projection (Click to view) Mike Whitney for The Market Oracle on the US financial recession/depression/collapse/bust (take your pick :wink...even if you don't read the article, the horrifying graphs speak for themselves IMO: US Banking System Teetering on the Brink of Collapse (Click to view) And finally, the first two installments of a 5-part series by Jeff Vail which are very interesting reading IMO (remaining parts will be added in coming days): Hierarchy must grow, and is therefore unsustainable (Click to view) Hierarchy is the Result of Dependency (Click to view)
For those who missed it, the ABC's 7.30 Report had an article on Peak Oil recently which, IMO, represents another step forward in mainstream reporting on Peak Oil in Australia: Gail Tverberg at The Oil Drum has finished her two-part Peak Oil curriculum aimed at "introductory college science classes, advanced high school classes, and adult seminars" - she's done a very good job IMO: Science 1101 Part 1: The Science of Oil and Peak Oil (Click to view) Science 1101 Part 2: Oil as a Liquid Fuel and Expected Peak Oil Impacts (Click to view) Aeldric from the ANZ branch of The Oil Drum has an article which applies Jeffrey Brown's 'Export Land Model' (which has been discussed in several articles on this thread) to Australia: Australia and the Export Land Model (Click to view) Dmitry Orlov discusses what he has termed 'The Five Stages Of Collapse': Peter Hodson for the Financial Post on a topic which heavily affects the viability of deploying 'alternative' energy in the future: Global shortage of metals looming (Click to view) And finally, for anyone who doesn't already have a copy, Professor Garnaut's recent interim report on strategies to help Australia deal with Climate Change: Garnaut Climate Change Review Interim Report - February 2008 - 470KB PDF (Click to download)
Highly recommended reading from Richard Heinberg: Beyond Hope and Doom: Time for a Peak Oil Pep Talk (Click to view) Some more quite reasonable standard discussion on oil in Australia's mainstream media, this time from Peter Weekes in The Age: Under the pump (Click to view) And similar from Jeremy Legget in the UK's The Guardian: The crude fact: Peak oil is no academic debate - the $100 barrel is a harbinger of the energy shortage to come (Click to view) Part three of Jeff Vail's series on 'The Problem of Growth' (previous parts in earlier posts on this thread): Building an Alternative to Hierarchy: Rhizome Theory (Click to view) Rob from Transition Culture on 'How Lessons from the Last Oil Shocks May Help to Inform This One.' There's a 'must-see' graph on how much the amount of money put into energy research and development has plummeted in recent years which I thoroughly recommend people have a look at: How Lessons from the Last Oil Shocks May Help to Inform This One (Click to view) Scitizen has an interesting (somewhat flawed - see comments which follow the article) piece on the kind of footprint alternative energy can require - in this case, wind: How Many Windmills Does It Take to Power the World? (Click to view) Yair Wallach, in a guest post for The Oil Drum, discusses the link between grain and oil prices in the Middle East - but his points apply to the large portion of the world's people who live in countries where the government subsidises grain: Bread and Oil: Rising Food Prices and the Middle East (Click to view) A couple of articles on the recent announcement from Saudi Arabia that they have 'discovered' reserves of another 200 billion barrels of oil - the first from Kjell Aleklett for ASPO-USA, the second from Ace for The Oil Drum: ASPO and Peak oil theorists challenge Saudi Arabia (Click to view) Saudi Arabia’s Crude Oil Reserves Propaganda (Click to view) And finally, David Strahan for The Guardian summarises the now widely acknowledged probability that the world's coal reserves are much less than was previously thought: Lump sums (Click to view)
