Kevin Kelleher (a blogger focused on alternative fuels) analyzes a report (PDF link here) written by Jeff Rubin (CIBC World Markets) outlining a grim possibility of $7/gas by 2010 that will last until 2020. Once again, we are well advised to begin preparing for a potential downturn in giving, exacerbating the already tight financial situation [...]
Michael Meacher writing in the Guardian has an insightful analysis about the short-term future of oil. It is likely that oil-based local conflicts will continue and expand in the future, and the effects could spill over on missionaries.
The oil industry has produced a report, “Facing the Hard Truths about Energy,” by 175 authorities including all the heads of the world’s big oil companies, which for the first time predicts that oil and gas may run short by 2015.
More agencies report being hurt by record breaking fuel prices, with operational funds leaking away. How are you preparing for a funding crunch due to rising costs, declining donations and a devalued dollar?
Richard Pike thinks we’re doing our math wrong, and we have twice as much oil as some have said.
UPDATE, 5/2008: It is hilarious reading about $80/barrel oil now, just a few short months later, when oil has already reached $130/barrel. The likelihood of it hitting $200/barrel is not insignificant. I wonder where we’ll be in 6 months from now? –Ed.
Oil trends are important to monitor. The rising cost of oil leads to a [...]