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“To seek a date for peak oil is the wrong approach. Even if we postpone the time when peak oil comes, we can’t assume there won’t be difficulties in oil supply.

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Oil

“We dampened demand in the West to meet demand in China and India –  that’s the only reason why the whole thing didn’t crash and burn.

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Oil

“We aren’t believers in peak oil. We think there are still lots of hydrocarbons in the ground around the world. Some of them are known, some are yet to be discovered.

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Oil

“It’s not that we’re running out of oil – it’s that the oil we want now comes at a high cost. There may be lots of oil left in the world but if we can’t afford it then its no damn use.” – Chris Skrebowski, director of Peak Oil Consulting.

Oil

India Outpacing China’s Oil Demand - India Real Time - WSJ

India’s oil demand has grown faster than China’s so far this year, highlighting slowing energy demand in the world’s most populous country and fueling expectations that India may pick up the slack over the medium-to-long term. 482 more words

China Alert

Peak Oil

It is inevitable that global demand for oil will consistently outstrip supply. Peak oil is when the extraction rate can no longer be increased, so is at a maximum. 283 more words

Oil

‘If the article is right and techniques such as fracking mean that “it’s time to forget about peak oil” then do you agree with the final assertion that this “can only be a good thing”?

On one level fracking, the extracting of oil and gas from rocks using water, chemicals and sand under high pressure, can be seen as a process that will solve the problem of the dreaded peak oil world. 409 more words

Peak Oil