Oil will be depleted sooner than the IEA expects

Amsterdam – The world’s oil production will reach a peak between 2012 and 2017. After 2017, production will slowly start to decline. In the
coming years an annual production growth of no more than 1.5% is feasible, while demand is expected to grow on average 2.1% annually. Because of this, the oil price will stay on persistently high levels.

Politics and Economics Headlines – 4 November, 2005

Indonesia’s inflation soars after fuel price hike / Bulgaria faces energy pinch / Amnesty: Nigeria must end army killings in oil delta / Energy prices push up IT salary adjustments / US car sales hit brakes after storms, discounts / Oil execs to be asked to justify profits / Passamaquoddy groups sue US Bureau of Indian Affairs over LNG project

Peak freaks: a report on three PO gatherings

Chatting with Komanoff I quickly realized that these were the kinds of pragmatic but forward-thinking conversations and policy ideas that were missing from both conferences. Both conferences seemed intent on paralyzing their audiences into inaction by suggesting that all they could really do is wait. Wait for the Petrocollapse or wait for Amory Lovins’ 66 mpg SUV’s.