Building a world of
resilient communities.

MAIN LIST

 

Oil and gas industries set to struggle

The renewable energy expert Harald Rostvik has warned of an imminent collapse in the oil and gas industries as supplies run dry.

Speaking at a Sustainable Housing Seminar run by Robert Gordon University, he pointed to falling UK and global production and warned that the race to find alternative energy sources was not progressing fast enough.

"As opposed to 1973 and 1991 when oil prices rose dramatically for a short period, what is happening today is permanent," he said.

"It is probably too late to avoid these dramatic consequences on a global scale, we've simply left it too late," he added.

"But we can attempt to soften the blow by introducing a massive energy efficiency upgrade and switching to renewable sources."

Meanwhile, a report commissioned by the UK Offshore Operators' Association has suggested that, although gas and electricity prices are indeed rising, they are likely to stabilise by 2007.

Whether or not gas and oil supplies are imminently to dry up, the Government is keen to promote alternative, renewable energy source as part of its struggle against greenhouse gas emissions.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.


2014 biggest year ever for solar, but oil price threat looms

Will only time tell whether it will be enough to keep solar panels cheap …

Rethink the Grid: Personal Power Stations

Rethinking the grid is quickly emerging as one of the hottest topics.

Goldilocks Is Dead

For oil, the Goldilocks zone has ceased to exist. This will have staggering …

US enters undulating crude oil production plateau in 2015

Feel-good-outlooks make the TV audience happy, but sleepy.

Global Shale Fail: Oil Majors Leaving Fracking Fields Across Europe, Asia

As Post Carbon Institute has pointed out in two major reports, estimated …

Peak Oil Review - Mar 23

A weekly review including Oil and the Global Economy, The Middle East & …

Cheap oil, complexity and counterintuitive conclusions

The chief intellectual challenge of our age is that we live in complex …