Tag Archives: Peak Oil

Breaking News: Oil Makes Record Single Day Jump in Price

The price of oil shot up nearly $11 to close at $138.54 a barrel on Friday. The sharp increase came as U.S. stocks plunged on news of a four-year high in unemployment. The Dow Jones Index fell 394 points. Ole Slorer, an analyst for Morgan Stanley, reports that oil could rise to $150 a barrel by July 4th. Other analysts suggest that oil may go as …

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News Break: Oil Closes Past $133 a Barrel

U.S. light crude for July delivery closed on Wednesday at $133.17 a barrel, up $4.19. The large spike is due in part to a government report indicating stockpiles had decreased last week, instead of the increase analysts expected. Over the last four days, the price of oil has risen more than $9 a barrel. Stephen Schork, publisher of industry newsletter The Schork Report said  There …

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Senate Once Again Reject Drilliing in Artic National Wildlife Refuge (ANWR)

If We’ve Told You Once We’ve Told You a Thousand Times: NO! Just a couple weeks ago president Bush chided congress for not opening up the Arctic National Wildlife Refuge to “environmentally sensitive” oil exploration, asserting that was a big reason why gas prices are currently so high. It’s the same old song and dance. Heading their master’s call,  Senators Mitch McConnel of Kentucky and Pete …

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News Break: Another Record Day for Oil

Once again oil prices broke new records on Tuesday. Futures contracts for light sweet crude surged on intra-day trading to a high of $122.73 settling to a close of $121.84 per barrel – up another $1.87. Oil has risen more than $20 since thus far for the year. Attacks on oil facilities in Nigeria, Africa’s largest oil producer, continue with more attacks by militant over …

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James Howard Kunstler on the Colbert Report Promoting a Vision of Post Peak Oil America.

James Howard Kunstler’s books include The Geography of Nowhere: The Rise and Decline of America’s Man-Made Landscape and The Long Emergency: Surviving the End of Oil, Climate Change, and Other Converging Catastrophes of the Twenty-First Century (a book featured here on our reading list). Kunstler paints a hard picture of the sustainability of our current supply chains, consumption patterns, food systems, and suburban landscape. In …

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