" />
Building a world of
resilient communities.



ODAC Newsletter - Oct 16

Welcome to the ODAC Newsletter, a weekly roundup from the Oil Depletion Analysis Centre, the UK registered charity dedicated to raising awareness of peak oil.

Oil prices rose this week breaking the $75/barrel mark for the first time this year. The gains were mainly fuelled by rising equity prices and a falling dollar. The mood of economic optimism was shared to a degree by OPEC with the organization increasing their 2010 demand forecast by 300,000 barrels/day. Most of that growth is predicted to be from the developing economies.

A new research report from IHS Cambridge Energy Research Associates (CERA) claims, not only that most new oil demand will come from emerging markets, but that OECD oil demand peaked in 2005 and is in decline. The press release goes on to say that the actual decline in demand will be modest, with petroleum destined to remain the major transport fuel for the next 25 years - a statement which utterly ignores the implications of peak oil.

Some of those who are concerned about this disconnect are looking for a possible lifeboat in the form of shale gas. In an article in this week’s Daily Telegraph, Ambrose Evans-Pritchard reports on the excitement emanating from the gas industry. In Guest Commentary this week ODAC trustee and author of High Noon for Natural Gas, Julian Darley, brings his perspective to this phenomenon.

The UK saw 2 high profile energy reports released in the last week, one from OFGEM and the other from the Committee for Climate Change, both of which highlight shortcomings in the government’s energy policy. Just as it looks increasingly likely that the Conservatives will be returned to power, it is becoming clear that the market driven energy policies which they set in motion, and were then adopted by New Labour, have created a legacy of declining infrastructure and a system, which despite much talk about ‘green’ investment, is still structurally tied to fossil fuels. To quote Jeremy Warner in the Telegraph this week, it seems that “Leaving it to markets to sort out may have been a mistake. Leaving it to ministers was a much bigger one.”

View our Reports and Resources page


Oil Set for Biggest Weekly Gain in 2 Months as Stockpiles Fall

Back to top

OPEC sees stronger 2010 world oil demand

Back to top

Oil Demand Has Peaked in Developed Nations, Never to Return - Report

Back to top

Russia 2010 oil output to fall -Bernstein analysts

Back to top

Lower taxes lure big oil to Iraq oilfield deals

Back to top

Kurdistan Halts Oil Exports

Back to top


Energy crisis is postponed as new gas rescues the world

Back to top

Sellers on the spot ahead of gas war

Back to top

Putin Travels to China to Expand $100-Billion Energy Relations

Back to top

Russia not against being paid for gas in roubles

Back to top


World needs big drive for carbon capture-IEA

Back to top

Catch Me If You Can: Does the IEA’s Carbon Capture Plan Make Any Sense?

Back to top

Clean coal dealt second blow as Danish energy giant pulls out of Scottish plans

Back to top


Buyer lines up for BG’s power arm

Back to top


Britain's 'energy gap' is down to ministers, not market failure

Back to top

Power cuts forecast to hit UK in four years

Back to top

Cars must be electric, says climate tsar

Back to top

Alternating current

Back to top

How to make the last oil pay

Back to top


Saudis Seek Payments for Any Drop in Oil Revenues

Back to top


Investor alarm as Finance Minister blasts corporate Japan's ethics

Back to top

Decline in Chinese trade slowing

Back to top

US retail in sharpest 2009 fall

Back to top

Dow Jones breaks through 10,000

Back to top

Jobless, oil dependency challenge Russia-Medvedev

Back to top

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.

We Are Seneca Lake: Josh Fox & Fracking Opponents Fight Natural Gas Storage Site in Upstate NY

With over 250 arrests and counting, We Are Seneca Lake is becoming one of …

Resilience Roundup - May 22

 Shell’s Arctic voyage marks beginning of peak oil era...

Albert Einstein, Soil, Honey Bees and Biodiversity

Among the manifold quotes that are attributed to Albert Einstein, are …

California State of Emergency: Up To 105,000 Gallons of Oil Spill in Santa Barbara from Plains All American Pipeline

Up to 105,000 gallons of oil obtained via offshore drilling have spilled …

Hijacking the Anthropocene

How the anti-green ‘Breakthrough Institute’ misrepresents …

Claim the Sky!

By asserting that all of us collectively own the sky, we can begin to use …

Seattle activists throw ‘unwelcome party’ for Arctic-bound Shell oil rig

With the Polar Pioneer’s 400 by 300-foot dimensions, the fight over …