The arguments are so one-sided, it’s practically a given that “peak oil” is real and threatening. Or is it? This article examines both sides. It lets readers decide and deals only with supply issues, not crucial environmental ones and the need to develop alternative energy sources. First some background.
The name most associated with “peak oil” […]

The grab-your-gun-and-head-for-the-hills scenario goes something like this: In the next year or so, world oil production will peak and then promptly plummet, forced down by sinking reserves. While supply crashes, demand will grow. Virtually overnight, fuel will become so dear that farm tractors will go idle, people will go hungry and homes will go cold. […]

President Bush said Wednesday that the United States has to “get off oil” to reduce dependence on foreign suppliers and declared “it should be obvious” that high demand is creating painful gasoline prices.Bush’s assessment was at odds with that from the 13-nation Organization of Petroleum Exporting Countries, which said before he spoke that it would […]

Crude oil was little changed near $100 a barrel in New York after falling yesterday on speculation OPEC will keep output unchanged at the same time as U.S. inventories gain.The Organization of Petroleum Exporting Countries will make “no change” to quotas when it meets in Vienna after oil surged to a record on March 3, […]

Energy companies last night launched a pre-emptive strike on the government ahead of next week’s budget, warning that any windfall tax on the industry would undermine investment in green power projects and other measures to combat climate change.
The companies fear ministers are considering a windfall tax on the industry after a public outcry greeted moves […]