Category Archives: Peak Oil

2007 By the Numbers

Not all the numbers, but some significant ones. As we ring out the year, the price of gas averages $2.98 per gallon in the US, up 64 cents from a year ago. The price of oil is $96.93 per barrel, up from $55.95 at the end of 2006. Gold is selling for $840 an ounce, [...]

Pardon My Skepticism

On March 5, the New York Times published a front-page story called “Oil Innovations Pump New Life Into Old Wells.” Getting new oil from “played out” wells was the thrust of the piece; as the price of oil rises, it becomes worthwhile investing new money into old wells. The article also indirectly took on the [...]

Whither Peak Oil?

If you’re a long time reader of these commentaries, you may have noticed the recurrence of a limited repertoire of subjects – the Iraq war, global warming, the evisceration of civil liberties in the U.S. and peak oil. As detrimental as I believe the administration of George W. Bush has been to life on Earth, [...]