The Green Files > What Peak Oil Will Mean for St. Louis

[Urban Review - St. Louis] Peak Oil is not a new term but many are not familiar with the concept. The basic principal is world-wide oil production is a bell curve and that at some point in time we will hit a peak with production just meeting demand.

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http://www.peakoil.blogspot.com [Peakoil.blogspot.com] Peak Oil News: In 1980, oil peaked at the inflation-adjusted equivalent of $95 a barrel or some $4.50 per gallon. Demand for gasoline in North America is notoriously inelastic and given the state of alternative forms of transportation, $4-5 per gallon (roughly $5,000 per year in gasoline costs for the average vehicle) may not dampen demand that much.

[Bojack.org] Jack Bog's Blog: Provided, that any municipal corporation designated as a port under any general or special law of the state of Oregon, may be empowered by statute to raise money and expend the same in the form of a bonus to aid in establishing water transportation lines between such port and any other domestic or foreign port or ports, and to aid in establishing water transportation lines on the interior rivers of this state, or on the rivers between Washington and Oregon, or on the rivers of Washington and Idaho reached by navigation from Oregon's rivers; any debts of a municipality to raise money created for the aforesaid purpose shall be incurred only on approval of a majority of those voting on the question, and shall not, either singly or in the aggregate, with previous debts and liabilities incurred for that purpose, exceed one per cent of the assessed valuation of all property in the municipality."No county, city, town or other municipal corporation, by vote of its citizens, or otherwise, shall become a stockholder in any joint company, corporation or association, whatever....

[Blog.pdamerica.org] Discussion of PDA Letter/Petition on Iraq: It is usually represented graphically in a bell curve. The peak is the top of the curve, the halfway point of the world’s all-time total endowment, meaning half the world’s oil will be left.

Indymedia.iehttp://www.indymedia.ie [Indymedia.ie] ChevronTexaco's CEO banking on peak oil situation - International ...: The general consensus is that if gas prices fall ChevronTexaco’s $16 billion purchase of Unocal was a huge mistake. The author of this article makes the convincing argument that this “risk” was made because ChevronTexaco’s CEO, David O’Reilly, knows that the peak in oil production is going to happen sooner rather then later.

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