Peak Oil Watch

“Peak Oil” is the highest point on the oil production curve. After we reach “Peak Oil” (and we may have already reached it) it is a downward slope of oil production until we completely run out of oil. The world needs an alternative supply of energy, very soon, or we will face a downward spiral of economic troubles caused by an increasingly lower supply of oil until we reach worldwide economic collapse.

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2008-04-30 3:20

Nigeria: MEND attacks cut oil export by 500000 bpd

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South-South based militant group, Movement for the Emancipation of the Niger Delta (MEND), has claimed that its Operation Cyclone meant to cripple Nigerian oil exports is recording success with the shutdown of 500000 barrels per day in …

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