Last week held some disappointment in the Senate, but some evidence of resistance to the imperial Presidency in the House. I had been searching for words to summarize my desire for the Democrats to stand up for the Constitution. Luckily, someone did a much better job than I could, and even framed it as a helpful pharmaceutical ad!
http://www.markfiore.com/spineocrat
I also have been reading a blog focused on Peak Oil:
http://theoildrum.com/
It is populated mainly by those with some experience in the oil and gas industry, so they know many of the details to look for in making an informed analysis of oil and gas issues. In general, the opinion on the site is that we are past or quite near “peak” oil, and that while there may be plenty of oil left in the ground world-wide, the easy stuff is getting close to being tapped out.
My latest foray onto the site focused on the discussion of the state of Saudi Arabia’s oil production. Specifically, the accuracy of quoted reserves and current water cut of their giant fields, and especially Ghawar. Seems to be a pretty bleak picture, even though reliable data is to be hard to come by (for westerners) in KSA.
The upshot is that the fields are being managed, pushed hard but not absolutely full out, so that there is some spare capacity. But when the fields start to drop off (this means higher water cut primarily), the drop off will be precipitous. Given the size and rate of production of Ghawar in particular (approx. 6% of total world production), a sudden drop in output looks to put oil prices well above current levels. Probably $150/barrel. Minimum.
While some on the site think this will cause a sudden and very violent disruption to world civilization, many think things will be painful, but not catastrophic. But in general, it is very sobering reading. Especially when one considers these people know the details of what they are talking about, and they are attacking the questions in a rational, thoughtful manner. Granted, there are some concerns about the accuracy of some of the data, but it is often easy to see what is an especially optimistic assumption, and work on that as a best-case scenario. Makes me want to move onto a solar/wind powered farm ASAP.