I would like to take a moment to talk about the UK and our gas supplies for the coming winter 2005/06. The UK could experience a shortfall in gas supplies this winter due primarily to the rapidly declining extraction rate from indigenous reserves in the North Sea and the country’s gas infrastructure which having […]
I’m writing this after last week’s story that oil extraction rates from Western oil majors have peaked and are now in decline. This week we learn that light sweet crude oil has also peaked globally and is now in decline.
This information has come to us from a most unexpected source, the Organisation of Petroleum […]
On 14th - 15th July 2005 I attended the Sustainable World conference organised by the Institute of Science in Society. This was Sustainable World’s first international conference bringing together independent scientists, economists, politicians, and activists to share knowledge and ideas for sustainable food systems as the industrial model is close to collapse.
The event was […]
The major oil companies mainly operate outside of the Organisation of Petroleum Exporting Countries (OPEC) and therefore will see their own oil extraction rates peak and decline before the global peak. Non-OPEC oil has already peaked, this is becoming clear from looking at the extraction rates from the oil majors.
Chevron, which launched the initial […]