Peak Oil Entrepreneur

News from the internets

by Paula | 2 November 2008 | permalink | comments
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The world’s 400 largest oilfields are collectively declining at the rate of 9.1% per year according to the Financial Times, reporting on a leaked draft of the IEA’s forthcoming World Energy Outlook.

My take: There’s no question that the IEA’s 9.1% figure will be revised downward when it releases World Energy Outlook officially on November 12. In the meantime, the Financial Times has done us all a tremendous favor by publishing the early draft figure. Researchers will now have a better idea how the IEA’s methodology works and will be better able to critique its official findings. FT’s story is straight up excellent journalism. Great job, folks.

Peak oil likely to hit by 2013 says eight leading UK companies, in a report titled The Oil Crunch released October 29 at the London Stock Exchange.

My take: Go Jeremy! We desperately need business leadership on this issue.

On another note, here’s a excellent article on gold from Financial Sense: 10.30.08 — Upcoming Gold Default at Financial Sense[end article]

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