" />
Building a world of
resilient communities.

MAIN LIST

 

ODAC Newsletter - Nov 19

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.

The Gulf of Mexico oil disaster has increased the risk of an imminent global oil crunch — so says the UK Industry Taskforce on Peak Oil and Energy Insecurity (ITPOES). The group, whose members include Virgin and Stagecoach among others, called on the government to speed up adoption of renewables and energy efficiency measures, and to engage with them on a contingency plan to address the risks of peak oil. Meanwhile a study from the University of California at Davis has found that at present investment rates supply could fall 90 per cent short of demand before oil is replaced with other fuels.

But there was also good news as the National Grid issued announced Britain is on target to meet its 2020 renewables target. Agreements have now been secured to generate 32GWs of power, 3GW more than necessary. However, the National Grid warned that reform of planning and energy markets will be required to ensure that all of the additional capacity becomes a reality.

The detail of the government's nuclear policy remains unclear, but an article in The Telegraph this week claims that assurances of 'no subsidies' are likely to be rather semantic. Lib Dem Energy Secretary Chris Huhne, who now supports nuclear despite his party's opposition, insists new stations will not be subsidised. But it has been clear for some time that the definition of 'subsidy' may well be interpreted in its narrowest sense as industry negotiates other forms of support to underwrite the risk.

Risk to the Euro appears to have been deferred again this week as Ireland moves towards accepting a bail out. The markets rallied in anticipation of the news, but the worry is that Spain and Portugal will now be tested. The financial crisis looks far from over, and while a slow economy dampens fuel consumption, it is also likely to slow the urgently-needed move away from fossil fuels.

Oil

Business warns of 'oil crunch'

Back to top

Protect us from peak oil, says Richard Branson (and others)

Back to top

Oil will run out 100 years before new fuels developed: study

Back to top

Oil Rises, Paring Weekly Loss, as Sovereign-Debt Concern Eases

Back to top

Who's right on oil demand, OPEC or the IEA?

Back to top

BP failed to learn from past 'near misses': oil spill panel

Back to top

Greenland wants $2bn bond from oil firms keen to drill in its Arctic waters

Back to top

Oil Exploration, Production Spending May Climb 5%, Wood Mackenzie Says

Back to top

Gas

Gazprom expansion fuels hiring spree

Back to top

China's Natural Gas Supply May Fail to Meet Demand Next Year, Caijing Says

Back to top

Pittsburgh council bans natural gas drilling

Back to top

Coal

'CCS Is One of the Few Options to Minimize CO2 Emissions'

Back to top

Biofuels

Climate change and disease will spark new food crisis, says UN

Back to top

Will the decline of newsprint boost biomass energy?

Back to top

US ethanol exports fuel European unease

Back to top

UK

National Grid declares readiness for 2020 renewables goal

Back to top

Confusion as ministers meddle with £1bn green tax on business

Back to top

Government blinks first in UK's nuclear stand-off

Back to top

British Gas to raise gas and electricity bills by 7%

Back to top

Economy

Britain slumps another £10bn into the red

Back to top

Ireland fights to retain economic sovereignty

Back to top

China inflation surges to 25-month high

Back to top

Transport

Aviation industry 'ditches' hydrogen

Back to top

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Make connections via our GROUPS page.
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.


Solar Warriors vs. the Black Snake of Tar Sands

This past week, Henry Red Cloud, a descendent of Chief Red Cloud and …

Peak Oil Notes - Apr 24

It has been an active week for the oil and gas markets as the Ukrainian …

Fracking - headlines

•Marcellus shale legacy wells showing increasing depletion rates …

UN Panel Looks to Renewables As the Key to Stabilizing Climate

In its latest report, the IPCC makes a strong case for a sharp increase in …

The EIA is seriously exaggerating shale gas production in its drilling productivity report

The EIA is the elephant in the room when it comes to energy statistics. Its …

Peak Oil Review - Apr 21

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

Those Fracking Lies

A review of Snake Oil: How Fracking’s False Promise of Plenty …