In my previous post I introduced this document. It is an 86 page report done by the US Army Corps of Engineers on “Energy Trends and Their Implications”. In actuality, it turns out to be a document warning us of the very real scenarios of peak oil, and peak natural gas. It also turns out …
Tag Archives: Peak Oil
Unlikely Agreement: Peak Oil
Can you guess where these words came from (uttered in Sept 2005)? I’ll give you a hint.. it is a US Government Agency. World proved reserve lifetime for oil is about 41 years, most of this at a declining availability. They are one of the largest consumers of petroleum products in the world. Domestic [US] …
As Chinese and Indian Economy grows… Canada follows
Lots of economic numbers out there today. The most important for me being from the Chinese, Indian, and of course Canadian spheres. First, Canada. The CBC is reporting the Bank of Canada’s new growth projection of 3.1% for 2006.. this is up from the projection in October. The bank continues to judge that the Canadian …
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