A water-well drilling outfit in Wichita County hit oil causing the oil boom to begin. The Electra oilfield produced approximately ten million barrels between 1911 and the mid-1920s. The population of Electra grew from 1,000 people in 1910 to 5,000 within months. 1914: Houston Ship Channel ...
'Peak oil' crisis, and drastic change, coming our way In the U.S., Al Gore just launched a $300-million ad blitz to increase awareness about climate change, aiming to have his fellow citizens cut their greenhouse-gas emissions by 90 per cent by 2050. Something similar needs to happen...
By exploring the worldview of peakists, and the unexpected way that the fear of peak oil and climate change transformed many members of this left-leaning group into survivalists, Schneider-Mayerson builds a larger analysis of the rise of libertarianism, the role of oil in modern life, the p...
"Johnathan and this car are going to make history," Young told The Wichita Eagle. "We're going to change the world; we're going to create a car that will allow us to stop giving our wealth to other countries for petroleum." Young has poured about $US120,000 ($A126,000) so far ...
One would be an increase in supply of cheap oil. The other would be a decline in demand—a continuation of the current recession. If the price does drop $20, I think it will be more of a signal that world economies are floundering and demand is sinking. I suspect what we’re looking...