" />
Building a world of
resilient communities.



ODAC Newsletter - Dec 10

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.

As 2010 draws to a close, we would like to thank you for following us this year. If you have found our newsletter useful, please consider supporting ODAC by donating whatever you can afford to help us continue our work. We very much appreciate your support. Click here to donate.

Oil reached a two year high above $90/barrel this week before falling back on mixed economic news. A growing list of analysts including JP Morgan, Goldman Sachs and Barclays Capital are now forecasting prices above $100/barrel in 2011. Despite the upward pressure on prices OPEC is not expected to announce any changes to its production quotas at its meeting today. Instead compliance is likely to remain low as countries cash in on the higher prices.

Among rash of revelations, Wikileaks delivered a number of cloak-and-dagger energy-related stories. We heard how Libya had threatened 'enormous repercussions' against Britain if Lockerbie bomber Ali al-Megrahi was not released; how Shell had apparently infiltrated Nigerian government departments; and how Hugo Chavez toned down his usual hostility and courted private oil companies to rescue Venezuela's oil industry and economy. So far there have been no revelations about governments' private views on peak oil.

The British government clarified its plans to fund new nuclear clean up and decommissioning this week. Nuclear operators will be responsible for paying for decommissioning up to a cap of £1bn, just over 3 times the current cost of disposal. The cap is intended convince the industry to invest, but opponents fear the cap is too low and taxpayers will still be on the hook.

This week also saw the introduction into parliament of the government's Energy Bill. The Bill includes the Green Deal, a long awaited measure for homeowners and businesses to borrow money to make energy saving upgrades to their property, and pay back the amount over time via their energy bills. The Bill as yet makes no concrete demands of the rented sector, and other measures will be required for those on low incomes, but it is a positive step to have a major scheme aimed at energy conservation.


Oil Rises for a Second Day After China's Crude Imports Climb

Back to top

JPMorgan Says Crude Oil Price Will Reach $120 a Barrel Before End of 2012

Back to top

OPEC May Have to Act if Oil Gets to $100, Secretary General Says in Quito

Back to top

OPEC has been down this road once before

Back to top

WikiLeaks cables: Lockerbie bomber freed after Gaddafi's 'thuggish' threats

Back to top

WikiLeaks cables: Shell's grip on Nigerian state revealed

Back to top

WikiLeaks cables: Oil giants squeeze Chávez as Venezuela struggles

Back to top

China May Postpone Fuel Price Increases on Inflation, CICC Says

Back to top

A Shetland oil spill could reach Norfolk and Greenland, Chevron admits

Back to top

Desire Petroleum says no Falklands oil discovery

Back to top


US independents to buy into shale oil boom

Back to top

US gas export plan sparks price fears

Back to top

Dick Cheney and others face charges in Nigeria

Back to top

Repsol Makes Argentina's Largest Gas Find in 35 Years in Neuquen Province

Back to top

EU Wants To Clamp Down On Abuses In Energy Trading

Back to top


EU Commission caves in to Germany on coal subsidy deadline

Back to top

Mining and Minerals

Japan's Toyota Tsusho in India rare earths plan

Back to top

Hitachi Develops Machinery to Recycle Rare Earths for Use in Electronics

Back to top


UK lays out new nuclear clean up proposals

Back to top

Deal to tackle poorly insulated homes is unveiled

Back to top

UK gas U-turn angers energy users

Back to top

Speeding up support decision for UK renewable energy

Back to top


U.S. Court To Hear Utilities' Emissions Suit Appeal

Back to top

Shipping to steer cleaner carbon course

Back to top

Editorial Notes: The Oil Depletion Analysis Centre (ODAC) is an independent, UK-registered educational charity working to raise international public awareness and promote better understanding of the world's oil-depletion problem.

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 Curse of the Modern Office

The information society promises to dematerialise society and make it more …

Howling at the USGS’s Wolfcamp Announcement

The recent USGS announcement about the Wolfcamp play may inspire another …

Transition in Ireland  

Ireland is one of the most advanced countries in energy transition, getting …

Trudeau’s Six Unanswered Questions on Kinder Morgan Expansion

In early November, the Trudeau government tabled a ministerial panel report …

Tiffany's Fallacy: the Mineral Pie is Shrinking, and Most of What's Left is in the Sky

In the debates that deal with energy and fossil fuels, it is rather common …

Peak Oil in a Fact-Free World: the New "Oil Bonanza" in West Texas

So, the USGS comes out with a press release that the media immediately …

Why the Office Needs a Typewriter Revolution

Artificial cooling and digital equipment are the main drivers behind the …