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.


Higher-risk 'Shallow Fracking' More Common than Suspected: Study

The fracking of oil and gas less than a mile from aquifers or the Earth's …

Shale Gas Reality Check

Recently, the EIA released its Annual Energy Outlook 2015 and so we asked …

The Community Energy Revolution

Impact investing is investing to achieve a return in something you also …

Peak Oil Review - July 27

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

Energy Crunch - Green taxes: love or hate?

Green taxes have been under attack on all fronts lately.

Nine Reasons Why Low Oil Prices May “Morph” Into Something Much Worse

Why are commodity prices, including oil prices, lagging? Ultimately, the …

Peak Oil Review - July 23

As prices continue to fall, concerns are increasing on Wall Street as to the …