Is now really a good time to derail the development of an energy-efficient mode of transportation in the Midwest's busiest travel corridor between metro areas? To me, derailing 3C is akin to shunning a lifeboat in the face of this looming, iceberg-sized threat to our delicate economic security....
US military warns oil output may dip causing massive shortages by 2015
Terry Macalister
guardian.co.uk, Sunday 11 April 2010 18.47 BST
The US military has warned that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact.
The energy crisis outlined in a Joint Operating Environment report from the US Joint Forces Command, comes as the price of petrol in Britain reaches record levels and the cost of crude is predicted to soon top $100 a barrel.
READ MORE AT:
http://www.guardian.co.uk/business/2010/apr/11/peak-oil-production-supply
Terry Macalister
guardian.co.uk, Sunday 11 April 2010 18.47 BST
The US military has warned that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact.
The energy crisis outlined in a Joint Operating Environment report from the US Joint Forces Command, comes as the price of petrol in Britain reaches record levels and the cost of crude is predicted to soon top $100 a barrel.
READ MORE AT:
http://www.guardian.co.uk/business/2010/apr/11/peak-oil-production-supply
09/01/2010
'Peak Oil' and the German Government
German Military Study Warns of a Potentially Drastic Oil Crisis
By Stefan Schultz
A study by a German military think tank has analyzed how "peak oil" might change the global economy. The internal draft document -- leaked on the Internet -- shows for the first time how carefully the German government has considered a potential energy crisis. The term "peak oil" is used by energy experts to refer to a point in time when global oil reserves pass their zenith and production gradually begins to decline. This would result in a permanent supply crisis -- and fear of it can trigger turbulence in commodity markets and on stock exchanges.
READ MORE AT:
http://www.spiegel.de/international/germany/0,1518,715138,00.html
'Peak Oil' and the German Government
German Military Study Warns of a Potentially Drastic Oil Crisis
By Stefan Schultz
A study by a German military think tank has analyzed how "peak oil" might change the global economy. The internal draft document -- leaked on the Internet -- shows for the first time how carefully the German government has considered a potential energy crisis. The term "peak oil" is used by energy experts to refer to a point in time when global oil reserves pass their zenith and production gradually begins to decline. This would result in a permanent supply crisis -- and fear of it can trigger turbulence in commodity markets and on stock exchanges.
READ MORE AT:
http://www.spiegel.de/international/germany/0,1518,715138,00.html
Goldman Sachs predicts oil price jump
Posted by ali on October 15, 2010 in Business
Global investment firm, Goldman Sachs Group, says oil prices will "substantially" rise in the second half of 2011 and 2012, as global inventory surplus is exhausted.
READ MORE AT:
http://dailymessenger.com.pk/business/2010/10/15/goldman-sachs-predicts-oil-price-jump/
Alaska's untapped oil reserves estimate lowered by about 90 percent
October 27, 2010|By the CNN Wire Staff
The U.S. Geological Survey says a revised estimate for the amount of conventional, undiscovered oil in the National Petroleum Reserve in Alaska is a fraction of a previous estimate.
READ MORE AT:
http://articles.cnn.com/2010-10-27/us/alaska.oil.reserves_1_undiscovered-oil-national-petroleum-reserve-exploration-wells?_s=PM:US
2010 October 10 Sunday
QE2 To Cause Oil Price Surge That Suffocates Economy?
If QE2 is enough to cause a large oil price spike then a real economic recovery will cause an even larger price spike. When I look at trends in global production and Asian consumption growth I do not see where the US can get the oil needed for economic growth.
QE2 To Cause Oil Price Surge That Suffocates Economy?
If QE2 is enough to cause a large oil price spike then a real economic recovery will cause an even larger price spike. When I look at trends in global production and Asian consumption growth I do not see where the US can get the oil needed for economic growth.
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Ken Prendergast
Executive Director
All Aboard Ohio
12029 Clifton Blvd., Suite 505
Cleveland, OH 44107
(216) 288-4883
kenprendergast@allaboardohio.org
www.allaboardohio.org
Executive Director
All Aboard Ohio
12029 Clifton Blvd., Suite 505
Cleveland, OH 44107
(216) 288-4883
kenprendergast@allaboardohio.org
www.allaboardohio.org
