The Peak Oil Crisis

[av_phile]

That is why there is urgency in sourcing for sustainable alternative energy source.

Automobile industries are fast tracking their electric and hybrid cars.

Countries are once again looking at increasing their nuclear power plants, wind and photovoltaic sources.


In this country, a rise in crude oil prices immediately results in Meralco prices going up. While in US, their power rates don't because of the following sourcing varieties for electric power:

1% Petroleum
17% Natural Gas
51% Coal
9% Renewable Energy
21% Nuclear Electric Power

http://en.wikipedia.org/wiki/Energy_..._United_States

[paenggoy]

The bad news is that we also face shortages for uranium, rare-earth elements, copper, etc., as well as other essential resources, such as phosphates and even groundwater.

[paenggoy]

"OPEC Members Seek $100 Oil to Counter Dollar Weakness"

http://www.bloomberg.com/news/2010-1...l-revenue.html

[paenggoy]

U.S. Aware of Peak Oil During the '70s (declassified report, PDF)

http://www.foia.cia.gov/docs/DOC_000...0000498607.pdf

[paenggoy]

"The Next Oil Shock"

http://www.parliament.nz/en-NZ/ParlS...-oil-shock.htm

[paenggoy]

"Fuel prices set to treble by 2017 in new oil shock"

http://nz.news.yahoo.com/a/-/top-sto...new-oil-shock/

[paenggoy]

"UPDATE 2-Saudi Arabia says easy oil is not over-Naimi"

http://uk.reuters.com/article/idUKLDE69H2CL20101018

The claim is that Ghawar has around 88 billion barrels of oil in reserve. Unfortunately, the global consumption rate is around 80 million barrels a day.

[paenggoy]

Related:

"Scientists warn world’s supply of helium close to depletion"

http://www.boston.com/news/science/a..._to_depletion/

[mellowscream1]

Oil prices rose to near $81 a barrel Friday in Asia, rebounding slightly from the previous session's steep drop, as traders mull the possible effects of anticipated moves by the US Federal Reserve to spur economic growth.

http://www.gmanews.tv/story/204045/o...mull-fed-moves

[paenggoy]

"Hemp produces viable biodiesel, study finds"

http://www.physorg.com/news205599757.html

[paenggoy]

"Is ‘Peak Oil’ Behind Us?"

http://green.blogs.nytimes.com/2010/...oil-behind-us/

[mellowscream1]

Oil slips toward $81 as traders eye Ireland, China

http://www.gmanews.tv/story/206385/o...-ireland-china

[paenggoy]

"Peak Oil: why the Pentagon is pessimistic [EXCLUSIVE]"

http://petrole.blog.lemonde.fr/2010/...tic-exclusive/

[paenggoy]

"China's Coal Crisis"

http://online.wsj.com/article/SB1000...380509880.html

[mellowscream1]

Oil hovers below $84 amid light holiday trading

http://www.gmanews.tv/story/206864/o...oliday-trading

[paenggoy]

"Oil demand to hit highest level ever"

http://money.cnn.com/2010/12/10/news...ices/index.htm

[mellowscream1]

Gas price up by P1.25

http://www.philstar.com/Article.aspx...bCategoryId=63

[paenggoy]

Free eBook:

"Peak energy, climate change, and the collapse of global civilization: the current peak oil crisis"

http://www.energybulletin.net/storie...-peak-oil-cris

[mellowscream1]

Oil rises above $88 as US dollar weakens


http://www.gmanews.tv/story/208564/o...dollar-weakens

[paenggoy]

"China Further Cuts Rare Earth Export Quotas by 11% In First Round for 2011"

http://www.bloomberg.com/news/2010-1...-correct-.html