" />
Building a world of
resilient communities.

MAIN LIST

 

ODAC Newsletter - Dec 17

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.

"...we don't know when exactly the oil is going to start peaking and production is going to start running down, but...we don't as a nation want to be putting ourselves in hock...to these sorts of markets..." So said UK Energy Minister Chris Huhne speaking on Radio 4's Today Programme on Thursday. ODAC believes that this is the first time a UK energy minister has actually acknowledged peak oil as a factor driving policy. While the statement remains vague on timing, this is nonetheless a very welcome shift.

The comments came as the government announced a slew of measures aimed to produce a decisive shift towards low carbon electricity. The measures include support for reserve capacity to handle intermittency in renewable generation, a floor under the carbon price, and feed-in-tariffs to replace the Renewables Obligation. The government means to avoid another 'dash to gas' which would this time rely largely on imported fuel. Critics claim the policies will be unnecessarily costly, while Huhne argues that the volatility and insecurity of oil and gas supplies mean the coalition's approach will be cheaper in the end. The devil will be in the detail, but to ODAC this looks a major improvement in energy policy, including measures we have supported for some time.

The rising costs of oil production were brought into focus again this week as the US government filed charges against BP, its partners, and insurers Lloyds of London over the Deepwater Horizon disaster. BP's share price dropped as a result, and Wikileak revelations about a similar near-miss at a BP platform in Azerbaijan 18 months before the Macondo blowout will do nothing to reassure investors.

2010 may be remembered as the year of oil leaks and Wikileaks, but was also the year in which the International Energy Agency declared that peak conventional oil has already happened, and in the UK both the outgoing Labour and the new Conservative/Lib Dem governments seemed tentatively to acknowledge that peak oil may just be a reality.

This is the last ODAC newsletter of 2010 - we will be back on January 7th, 2011. If you have found our newsletter useful this year, 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. All at ODAC wish you a Happy Christmas and all the very best for the New Year.

Oil

United States sues BP over Gulf oil disaster

Back to top

WikiLeaks cables: BP suffered blowout on Azerbaijan gas platform

Back to top

Oil Rises From Two-Week Low as U.S. Economic Data Improves Demand Outlook

Back to top

OPEC Cheating Most Since 2004 as Options Signal Oil Hitting $100 Next Year

Back to top

Canadian oil sands firms team up on tailings study

Back to top

What is the future of the Canadian Oil Sands Region?

Back to top

Canada couldn't handle big oil spill: watchdog

Back to top

Ghana Oil Wealth May Trigger Borrowing Spree, Not Fund Future Generations

Back to top

Gas

New York governor halts gas "fracking" until July

Back to top

Nigeria to drop Dick Cheney charges after plea bargain

Back to top

Coal

Coal Imports May Rise 78% to China, India, Drive Up Prices: Energy Markets

Back to top

CCS blow as Powerfuel enters administration

Back to top

Ratcliffe activists found guilty of coal station plot

Back to top

Nuclear

Sellafield security 'flaws' exposed

Back to top

The government isn't telling us the true cost of nuclear waste disposal

Back to top

Renewables

Salty solar plant stores sun's heat

Back to top

Mining and Minerals

U.S. At Risk Of Rare Earths Supply Disruptions

Back to top

Global resources spending soars

Back to top

Biofuels

EU plans to tackle unwanted impacts of biofuels

Back to top

UK

Huhne plans 'greater energy certainty'

Back to top

U.K. Proposes Carbon Floor, Set Price to Cut Emissions

Back to top

Why electricity bills may go up with or without Huhne's reforms

Back to top

£500 on electricity bills to pay for green energy

Back to top

Climate

Court refuses to block EPA effort to regulate GHGs

Back to top

Global warming deal hopes revived after Cancun agreement

Back to top

Transport

Subsidies to jump start UK green car revolution

Back to top

Beijing eyes new car fees to ease congestion: paper

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.


World Oil Production at 3/31/2014-Where are We Headed?

The standard way to make forecasts of almost anything is to look at recent …

Peak oil notes - July 24

A midweek update. New York crude futures have traded in a narrow range …

Onshore Wind Power Is Now Cheapest Form Of New Electricity In Denmark

A new analysis from the government of Denmark found that wind power is by …

Keeping Oil Production From Falling

Production flows from a given oil field naturally decline over time, but we …

Oil Abundance? Not So Fast- A Risk Checklist

Understanding how we use oil and where it comes from provides many reasons …

Peak Oil Review - July 21

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

Australia Becomes First Nation to Repeal Carbon Tax

With Australia’s standing as the world’s highest per-capita …