<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 Oil Market Report<br />
-Ethanol and the drought<br />
-Quote of the week<br />
-Briefs</p>

<p>This post continues a theme I covered in my book Power Plays. Part 1 covered the impact on oil price and supply in Petroleum Demand in Developing Countries. Here I discuss some of the climate change implications.</p>
<p><a href="http://www.energybulletin.net/stories/2012-08-09/climate-change-and-developing-countries">read more</a></p>

<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 midweekly roundup of peak oil news, including:<br />
-Developments this week</p>

<p>So far 2012 is the fourth most volatile year for oil prices since 1982. The other top three years were 2007,2008 and 2009. Since the production of oil from conventional sources peaked in 2005 we have reached a new paradigm: highly volatile oil prices.</p>
<p><a href="http://www.energybulletin.net/stories/2012-08-08/new-paradigm-volatile-oil-markets">read more</a></p>

<p>Our understandings and expectations of the world have been shaped by our experience of economic growth. The dynamic stability of that growth has habituated us to what is ‘normal.’ That normal must soon shatter. – David Korowicz</p>
<p><a href="http://www.energybulletin.net/stories/2012-08-07/degrowth-expensive-oil-and-new-economics-energy">read more</a></p>

<p>Seventy percent of the Arctic’s natural gas reserves are thought to be on Russian territory. It’s no wonder then that Russia is particularly active in the Arctic at the moment. Last year a deal was announced between Rosneft, Russia’s largest state petroleum company, and ExxonMobil to extract petroleum and gas in the Arctic. Billions are to be invested in these projects over the coming years.

<p>In his 2010 book, Romney speaks about Peak Oil, cites Matt Simmons's book "Twilight in the desert" and says that, "whether the peak is already past or will be reached within a few years, world oil supply will decline at some point." And then he doesn't say that the solution is just drilling more.

<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>This week in the ASPO-USA Webinar series, Dr. Charles A.S. Hall presented his talk “Peak Oil, Declining EROI and the New Energy-Economic Reality. Dr.

<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 />
-India's power grid<br />
-Kurdistan<br />
-Quote of the week<br />
-Briefs</p>

<p>I've met David Korowicz and he is a thoughtful, deeply knowledgeable, highly analytical, caring man who worries that the global system we now labor under is headed for what might be called the ultimate crash. To Korowicz, a physicist turned risk consultant, that system resembles nothing so much as a house of cards waiting to be blown down by the next financial hurricane that comes its way.</p>

The proposed Enbridge Northern Gateway Project has been the catalyst for fiery debates over the re

<p><span class="inline inline-left"><img src="http://www.energybulletin.net/sites/default/files/images/ripped_paper_cropped-180x180.thumbnail.png" alt="" title="" class="image image-thumbnail" width="100" height="100" /></span>At 78 pages of scholarly, somewhat jargon-laden prose, 'Trade-Off: Financial System Supply-Chain Cross-Contagion' by David Korowicz is not quick reading, nor is it light re

<p>When you go to the mountains, you go to the mountains. When it's the desert, it's the desert. When it's the ocean, though, we generally say that we're going "to the beach." Land is our element, not the waters of our world, and that is an unmistakable advantage for any oil company that wants to drill in pristine waters.</p>

<p>Conventional wisdom might suggest that as oil prices rise, developing countries would be less able to afford oil, leaving wealthier countries to bid against each other for increasingly higher-priced supplies. But that is not at all what happened over the past decade, and the trend may give developed countries a reason for concern.</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>US oil and gas reserves grew faster than at any time in the past 35 years according to figures released this week by the EIA.