The Wall Street Journal reports that Think, a Norwegian company formerly owned by Ford, is gearing up to produce 10,000 all electric cars a year in Norway and plans to build its first model and later a second one as well in the U.S.  No time line for American production (or Norwegian sales, for that matter) is indicated.  The cars are intended for city use because they have a relatively limited range before refueling. One interesting aspect to the plan is that Think will offer three different types of battery …

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Matt Simmons has published a fascinating overview of past and likely future global oil production.  He argues that the “petro-optimists” lack evidence for maintaining that “high” oil prices are an aberration.   He firmly believes oil prices are too low.

While he rues the poor and sometimes inconsistent nature of the available oil production statistics, Simmons finds that they nonetheless suggest that production of conventional crude oil peaked in May, 2005.  To satisfy the continuing growth in demand the world has relied upon demand destruction through higher prices, the addition of significant …

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Norway’s gradual shift from oil to gas production will push up natural gas sales by 23 percent next year while oil output drops to levels last seen in the early 1990s, the government’s 2008 budget draft showed on Friday. read full post

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