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.

« $500 Oil Coming Part 2 - Beyond Fossil Fuel
Toyota will show hybrid vehicle fueled by CNG - CNET News »
2008-11-20 3:20

NEDA: Oil firms need to reduce prices by P9 - Philippine Star

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...
Email This Post Email This Post
NEDA: Oil firms need to reduce prices by P9
Philippine Star, Philippines -5 hours ago
Enrile noted that last July, when oil prices were at their peak, oil companies purchased crude oil at P6,244 per barrel which, based on a foreign exchange …

More: continued here

This entry was posted on Thursday, November 20th, 2008 at 3:20 am and is filed under Peak Oil News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

All brands and product names are trademarked or registered trademarks of their respective companies
Copyright of syndicated content belongs to it’s respective author or news organization - Original content is Copyright © 2008 - Peak Oil Watch - All Rights Reserved
Peak Oil Watch is powered by Wordpress and the Magellan theme - Email - Hosted at HostGator - Part of the JD Web Publishing Network