My latest column in The StarPhoenix In the past two weeks I have written about energy and the coming oil shortage that is driving oil and gas prices higher. When you are talking about peak oil, many authors see this as the end of mechanized civilization and suggest we will head back to a pre-industrial [...]
peak oil
Column: Handling debt poses challenge
Today’s column in The StarPhoenix. Former mayor Henry Dayday wrote to council in May questioning how much debt the city was taking on and how Saskatoon residents were going to pay for it. He pointed out that the city has $175 million in debt on its books and potentially another $225 million related to new [...]
Peak Oil is here
Jeff Rubin in the Globe and Mail …Mr. Husseini acknowledged Saudi production is never likely to get to Aramco’s 12.5 million barrel per day target. Instead, the country is struggling to produce even 10 million barrels a day and it may soon encounter a production peak after which flow rates will inevitably decline. Yet the [...]
2009 in Review
This is late but we all need to deal with disappointment in our lives. Memorable events for 2009: Heading to Chicago Thanksgiving weekend freezing at the lake Freezing at the cabin in late April with snow on the ground Favorite books I read in 2009: The BLDGBlog Book The War by Ken Burns The Kennedys [...]
Warren Buffett’s $26 billion gamble on the next big thing
This is huge Most investors looking for the "next big thing" seek out whiz-bang investments like alternative energy, lifesaving biotech drugs, handheld Internet devices and, for doomsayers, hard assets like gold. Railroads, which had their heyday in another era, are rarely mentioned as a must-have investment for those looking to get rich. So why is [...]
BP finds giant new crude oil field in the Gulf of Mexico
First the good news and that is British Petroleum has found a giant crude oil field in the Gulf of Mexico. It may be one of the biggest oil finds of the year, if not the decade. In recent weeks, executives at BP’s exploration centers in Houston and London have been closely tracking the progress [...]
