why peak oil still matters let me explain why i

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: imi, has said he sees a prolonged period of high oil prices. The world’s largest crude exporter stood ready to use its spare capacity to supply the market with any additional requirements . Brent traded above $120 a barrel last Friday and has risen about 13 per cent this year, as tightening US and European sanctions target exports from Iran. Geopolitical tensions might continue to influence prices on the bullish side and the Iranian nuclear talks in the coming weeks will be a first and strong indication on where we will be heading in the coming months with regard to the risk premium,” Samuel Ciszuk, consultant at the UK-based KBC Process Technology Ltd, told Gulf News. Peak Oil Even if they are right in the short term about supply the long term interventions in the squo make the impact worse by clinging to dying oil reserves but the plan allows a smooth transition- shift now is better than later - peak is coming. David Biello (Writing for The Scientific American) January 25, 2012 Has Petroleum Production Peaked, Ending the Era of Easy Oil? http://www.scientificamerican.com/article.cfm?id=has-peak-oil-already-happened Despite major oil finds off Brazil's coast, new fields...
View Full Document

This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas at Austin.

Ask a homework question - tutors are online