<p>The great fear among those working to address climate change is that the seemingly vast resources of fossil fuels waiting to be burned will send the world hurtling toward certain catastrophe. By invoking fossil fuel abundance, climate activists believe that their argument for a rapid transition to alternative energy is made more persuasive.

<p><span class="inline inline-left"><img src="http://www.energybulletin.net/sites/default/files/images/ASPO -USAlogo80.jpg" alt="" title="" class="image image-thumbnail" width="80" height="80" /></span>A weekly roundup of peak oil news, including:<br />
-Oil and the global economy<br />
-The Middle East<br />
-China<br />
-Europe<br />
-Quote of the week<br />
-Briefs</p>

<p><span class="inline inline-left"><img src="http://www.energybulletin.net/sites/default/files/images/ODAC.thumbnail.JPG" alt="" title="" class="image image-thumbnail" width="100" height="45" /></span>BP took a gamble this week, entering into partnership with the Russian state backed energy company Rosneft.

<p>On October 21, 2012, the New York Times published an article delving in depth into the relationships between large Wall Street investment banks and shale gas operators. The article is outstanding but so much more needs to be said.</p>
<p><a href="http://www.energybulletin.net/stories/2012-10-25/financial-co-dependency-how-wall-street-has-kept-shale-gas-alive">read more</a></p>

<p>-US presidential debates' great unmentionable: climate change<br />
-Energy &amp; the Election<br />
-Ten Charts That Make Clear The Planet Just Keeps Warming</p>
<p><a href="http://www.energybulletin.net/stories/2012-10-24/climate-oct-24">read more</a></p>

<p>-Insight: Is Ohio's "secret" energy boom going bust?<br />
-Russia Off Limits to Big Oil After BP Wins Putin Approval<br />
-Delta Boys: Powerful Documentary Chronicles Niger Delta Oil Struggle</p>
<p><a href="http://www.energybulletin.net/stories/2012-10-24/oil-oct-24">read more</a></p>

<p>-The murky future of U.S. shale gas<br />
-After the Boom in Natural Gas<br />
-US natural gas boom claims first nuclear plant<br />
-Report sees economic boost from unconventional oil and gas<br />
-US fracking sites impact health - report<br />
-UK public favours wind turbines over shale gas wells, poll finds</p>

<p><span class="inline inline-left"><img src="http://www.energybulletin.net/sites/default/files/images/gas-sunset.thumbnail.jpg" alt="" title="" class="image image-thumbnail" width="100" height="57" /></span>No, shale gas won’t entirely go away anytime soon. But expectations of continuing low prices are about to be dashed. And notions that the U.S.

<p>We keep hearing about the many benefits of natural gas–how burning. But people who are counting on natural gas to solve the world’s energy problems are “counting their chickens before they are hatched.”</p>
<p><a href="http://www.energybulletin.net/stories/2012-10-20/why-natural-gas-isn-t-likely-to-be-the-world-s-energy-savior">read more</a></p>

<p><span class="inline inline-left"><img src="http://www.energybulletin.net/sites/default/files/images/ODAC.thumbnail.JPG" alt="" title="" class="image image-thumbnail" width="100" height="45" /></span>Oil prices remained steady this week as the closure of the Keystone pipeline in the US to address possible safety issues balanced bearish news on the Chinese economy.

<p><span class="inline inline-left"><img src="http://www.energybulletin.net/sites/default/files/images/scapegoat.thumbnail.png" alt="" title="" class="image image-thumbnail" width="100" height="69" /></span>The energy world portrayed in the debates—in which coal is “clean” and oil and gas companies will lead the U.S.

<p>-U.S. Plunge in Gas Drilling Means $1 Billion Lost Profit<br />
-Germany Balks on Natural Gas Bonanza<br />
-Shale Gas Industry Brings PSYOPs and Spy Ops to Poland<br />
-Shale gas report rules out moratorium<br />
-Collectively Photographing Fracking</p>
<p><a href="http://www.energybulletin.net/stories/2012-10-15/shale-gas-oct-15">read more</a></p>

<p>With gasoline scaling $4 a gallon recently, plans announced last week by international oil giant BP to export U.S.-produced crude oil ought to have Americans howling. For such a plan to be good energy policy--rather than merely profitable for the oil industry--the United States would have to be producing more than enough oil to meet its own needs.