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Horn River Basin has natural gas producers envisioning another Barnett Shale

Peak Oil News (RSS Feed) - 10 August 2009 - 10:27am
A spot in the Canadian wilderness is drawing comparisons to North Texas — because of what lies beneath the surface

The Dallas-Fort Worth area and Canada’s remote Horn River Basin are more than 2,300 miles apart, but there’s nevertheless a significant new link between the two highly diverse regions.

Horn River, in a heavily forested area of northeast British Columbia where subzero temperatures are commonplace, is now drawing comparisons to North Texas’ Barnett Shale, a hotbed of drilling activity recently cited as the biggest natural gas-producing field in the United States.

Categories: Peak Oil news

Crisis and climate force supply chain shift

Peak Oil News (RSS Feed) - 10 August 2009 - 10:27am
Manufacturers are abandoning global supply chains for regional ones in a big shift brought about by the financial crisis and climate change concerns, according to executives and analysts.

Companies are increasingly looking closer to home for their components, meaning that for their US or European operations they are more likely to use Mexico and eastern Europe than China, as previously.

Categories: Peak Oil news

Kurdish faultline threatens to spark new war

Peak Oil News (RSS Feed) - 10 August 2009 - 10:27am
The only thing keeping Arabs and Kurds from fighting is the glue of US occupation

It is called the "trigger line", a 300-mile long swathe of disputed territory in northern Iraq where Arab and Kurdish soldiers confront each other, and which risks turning into a battlefield. As the world has focused on the US troop withdrawal from Iraq, and the intensifying war in Afghanistan, Arabs and Kurds in Iraq have been getting closer to an all out war over control of the oil-rich lands stretching from the borders of Syria in the west to Iran in the east.

Categories: Peak Oil news

Why commodity inflation won't go away in a hurry

Peak Oil News (RSS Feed) - 10 August 2009 - 10:27am
... We are staring at Hubberts Peak (declining oil prices) here onwards. The Society of Petroleum Engineers (www.spe.org) endorses that view. So does the Association for study of peak oil (www.peakoil.net) and these are men and women who brave the elements to hunt for oil. Many myths have been floated by investment analysts -- primary one being technology making it cheaper to drill for black gold. Schlumberger (global leader in drilling equipment manufacturer) doesn't seem to endorse that view. Drilling equipment and other costs continue to zoom.

New discoveries are elusive and well pressures are falling. Lukoil, the erstwhile Soviet Union's heavyweight producer (Russia has one of the highest proven reserves in the world), has officially confirmed a 15% decline in oil well pressure. Mexican wells have reported even steeper fall in pressure --- up to 40%. Alternate sources of oil like oil sands of Alberta and Sasol have been touted as alternatives.

Categories: Peak Oil news

Blurring the urban-rural line in Damascus (Oregon)

Peak Oil News (RSS Feed) - 10 August 2009 - 10:27am
...The region's growth regulators seeded the new city of Damascus on Thompson's 77-acre farm. In Thompson's vision, the city can be a place where urban development and agriculture entwine like his graceful marionberry canes.

Part of the farm could be developed for housing, he suggests, while he continues to farm the better soil. The farm's crops could supply an "eco-restaurant" at the top slope of the property. Along the road below could be a fruit and produce stand. Next to it could be a community kitchen and education center where customers could preserve the berries they just bought or learn how to improve their home gardens.

Categories: Peak Oil news
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