" />
Building a world of
resilient communities.



ODAC Newsletter - Jan 22

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 dropped this week on rising US inventories, a strengthening dollar, and news of a further crackdown on credit in China. Speaking from the World Future Energy Summit in Abu Dhabi this week, Richard Jones, Deputy Executive Director of the IEA predicted that there would be little price volatility in 2010 as existing supplies and stock build ups would balance demand. This sunny outlook is clearly vulnerable to the risks described in last week's newsletter.

Speaking in London Jeffrey Currie of Goldman Sachs warned that more serious oil shortages will return in 2011 as supply fails to keep up with demand. Currie blamed the shortfall on the credit crunch which has “interrupted the investment phase”. Such a prediction assumes a global economic recovery and the continuation of high growth in the developing economies, neither of which is assured.

The growing supply challenge is born out in the announcement this week that both Conoco and Total are to expand their operations in the Alberta tar sands despite the heavy costs involved both in environmental damage and investment. In an interesting twist a group of Shell shareholders led by FairPensions has issued a resolution requiring the company to give a review of the risks in its tar sands policy at its upcoming annual general meeting. FairPensions cited carbon costs and potential damage to Shell’s reputation from environmental degradation as some of the risks.

In the UK this week a report by the Royal Society of Engineers caught the attention of the press, not really for its content, but for a nice soundbite quote from its author labelling roof-mounted wind turbines and solar panels as “eco-bling”. The report itself focuses on the need to create efficient buildings to reduce emissions and energy requirements in the face of resource constraints. Its primary recommendations are around the lack of expertise in the construction industry to achieve this and the training required to fill this gap. The report even includes a peak oil chart – but none of this makes a sexy headline. “Eco-bling”, on the other hand, now that’s something a headline writer can work with.

View our Reports and Resources page


Oil Trades Near $76; Refiners Slash Processing on Weak Demand

Back to top

IEA sees fine balance in oil demand and supply

Back to top

Oil Shortages to Reappear in 2011, Goldman Sachs Says

Back to top

Shell faces shareholder revolt over Canadian tar sands project

Back to top

Conoco, Total to expand oil sands project

Back to top

Oil and gas sector forecast for 12% growth in 2010

Back to top

India to tackle pollution with energy cuts

Back to top

OPEC Compliance With Cuts Fell to 58% in December, IEA Reports

Back to top


BP and Sinopec join forces in shale gas talks

Back to top


Britain finally waves farewell to radioactive waste from abroad

Back to top

Bitter row throws French nuclear industry into turmoil

Back to top


Germany, France cut support for solar power

Back to top

U.S. says wind could power 20 percent of eastern grid

Back to top

Offshore wind power : Oil rigs to whirligigs

Back to top


Buildings threaten UK emission targets, report says

Back to top

Security fears threaten smart meter plan

Back to top


UN drops deadline for countries to state climate change targets

Back to top

Murkowski to call on Congress to block federal greenhouse gas regulation

Back to top


China's economic growth soars by 10.7 per cent

Back to top

Russia diversifies into Canadian dollars

Back to top

UK economy faces decade of 'painful readjustment'

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.

The Real EROI of Photovoltaic Systems: Professor Hall Weighs in

The EROI of our various energy options, and its associated issues, may be …

The Desperate Plight of Petro-States

Pity the poor petro-states. 

Possible Energy Constraints to Further Urbanization

How long can the trend toward urbanization continue in the face of this …

Peak Oil Review: A Midweek Update - 26 May 2016

A midweek update. Oil prices surged on Wednesday following the news that US …

Oil and Gas Activities Behind Texas Earthquakes Since 1925, Scientists Conclude

If you've felt an earthquake in Texas at any point over the last four …

But What's the REAL Energy Return of Photovoltaic Energy?

According to a recent, comprehensive study of the scientific literature (1), …

Peak Oil Review - May 23 2016

 A weekly roundup of peak oil news, including: -Quote of the week -Oil …