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2008 News

Why the Economy Is Gloomier Than We Are
It’s hard to know when dealing with the mainstream media at what point simple propaganda passes over into sheer idiocy. Case in point: yesterday’s Washington Post. A piece by Neil Irwin, “Why We’re Gloomier Than The Economy,” puzzles about the fact that Americans’ collective attitude toward the economy is so negative...click here for more

IEA warns of tightening oil supplies – Posted by Melissa Ahern, PhD – July 2, 2008
By Carola Hoyos in Madrid and Javier Blas in London
Published: July 1 2008 13:16 | Last updated: July 1 2008 13:16
The oil market will remain tight during the next five years as production from non-Opec countries stalls and demand growth remains relatively strong, the western countries’ energy watchdog warned on Tuesday...click here for more

Countdown to $200 oil: International Energy Agency says current prices justified...
Posted by Jerome a Paris on July 2, 2008 - 11:04am in The Oil Drum: Europe
Topic: Supply/Production
Tags: $100 oil, $200 oil, eia, iea, jeddah, Khursaniyah, mexico, opec, original, saudi arabia [list all tags]
It is oddly fitting that we touched $100 oil on 31 December and got halfway from $100 to $200 oil on 30 June - so we're on track to reach $200 oil by 31 December this year (in case you're wondering: +42% and again +42% from that level = +100% from the initial level)...click here for more

Oil Megaproject Update (July 2008)
This is an update on the Wikipedia Oil Megaproject Database maintained by Oil Megaprojects task force (Ace, Stuart Staniford, myself and many others). The database contains now more than 425 separate entries and is growing everyday. Despite the database growth, the outcome seems to become more pessimistic with time. The derived net new capacity (i.e. once depletion from existing production is included) is around 1 mbpd until 2010 with a jump at 2 mbpd in 2008 then depletion may dominates...click here for more

Green Businesses Get a New Boost
A local university professor, a business executive and an environmental group leader are starting a non-profit center to spur Pacific Northwest businesses into adapting to and helping alleviate global climate change...

Spokane Climate Plan addresses twin threats of global warming and peak oil
Spokane is the first city in the country to combine its planning for climate change with efforts focused on another threat: the concern about peak oil production...

World first: U.S. city fights climate change and global oil depletion together
Many cities have plans in place to reduce greenhouse gases, and a growing number are planning for declining global oil production. But the northwestern U.S. city of Spokane (pop. 199,400) has become the first to tackle climate change and global oil depletion together, marking a new step in local government responses to these increasingly urgent challenges...

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