" />
Building a world of
resilient communities.

MAIN LIST

 

ODAC Newsletter - March 18

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 earthquake and tsunami which ripped apart the northern half of Honshu in Japan on Friday has caused a massive humanitarian disaster and a nuclear emergency which may still develop into a major catastrophe. The wider knock on effects could be a backlash against nuclear power, and further global economic instability as a result of damage to what is the worlds 3rd largest economy. Meanwhile in Libya the civil war raged on, and in Bahrain protests became bloody as the government turned to military force and outside help to retain power.

The full effect of the crisis at the Fukushima nuclear plant remains unclear at this stage. What is already clear though is that the safety of the industry is being called into question once again, just as it looked to be on the cusp of a renaissance. Germanys Angela Merkel went furthest, calling for a "measured exit" from nuclear and shutting down the countys seven oldest reactors for a 3 month moratorium. China announced on Tuesday that it is suspending its nuclear building programme until a review has been completed, and other countries including the UK also announced reviews. Governments are likely to face a huge loss of public confidence in nuclear which could reopen debate about its cost and safety. Delays could increase demand for gas and coal, but may also strengthen the investment case for renewables. Either way power prices look likely to rise.

Oil prices eased back early in the week on the perceived threat to oil demand of an economic slowdown. There is fear that the impact of tsunami damage on the Japanese economy will have a knock on effect into the wider global economy. On Thursday prices rose again on concern that violence and unrest in the Middle East will affect supply. Prices are likely to continue to see-saw in the coming weeks as events develop.

On Tuesday Bahrain declared a 3 month state of emergency and invited in troops from the Gulf Cooperation Council, including Saudi forces, to quash the demonstrations. The government then sent in the tanks against protestors drawing widespread condemnation. There were reports on Thursday of protests by Shiites in Saudi Arabia calling for the withdrawal of forces.

In Libya Gaddafis army advanced this week using their superior weapons and air power, and closing in on the opposition stronghold of Benghazi. Late on Thursday night the UN Security Council passed a resolution approving air strikes and "all necessary measures", short of an invasion, to protect Libyan civilians. The resolution has the support of the Arab League. It could however involve the UN in a protracted conflict to oust Gaddafi with unpredictable consequences.

Oil

World energy crunch as nuclear and oil both go wrong

Back to top

Oil Surges as UN Approves Libya No-Fly Zone; Credit Suisse Raises Forecast

Back to top

Alberta tar sands pipeline project delayed

Back to top

Shell plans $100bn investment drive

Back to top

Gas

European Gas Rises After Japan Quake, German Reactor Decision

Back to top

More views on Japans effect on gas prices

Back to top

Coal

US proposes air rules that may hit coal-fired power

Back to top

Moray Firth rocks 'could store 15 years of carbon emissions'

Back to top

Nuclear

IAEA urges Japan to give more information on nuclear crisis

Back to top

Experts Had Long Criticized Potential Weakness in Design of Stricken Reactor

Back to top

Japan crisis: Germany to speed up nuclear energy exit

Back to top

Germany to shut down pre-1980 nuclear plants

Back to top

China suspends nuclear building plans

Back to top

Huhne inquiry weighs nuclear crisis

Back to top

Barack Obama to press ahead with plans to build new nuclear power stations

Back to top

Japan nuclear plant: Panic buyers seek out salt, seaweed and red wine as rumour fuels fallout fears

Back to top

Renewables

Islay to get major tidal power scheme

Back to top

Geopolitics

U.N. council approves no-fly zone over Libya

Back to top

Bahrain Declares a Three-Month State of Emergency as Gulf Soldiers Arrive

Back to top

Saudi Shi'ites call for Bahrain troop withdrawal

Back to top

Economy

This tragedy will have an impact far beyond Japan

Back to top

Portugal hit by debt downgrade from ratings agency

Back to top

Panic over Japan triggers market turmoil

Back to top

Upcoming Event

9th International Peakoil & Gas Conference

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.


Peak Oil Review - Sept 1

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

A Big Summer Story You Missed: Soaring Oil Debt

Last July the government agency, which has collected mundane statistics on …

Global Biofuels Status Update

Today I want to take a deep look at the global biofuels picture, drawing …

Peak oil notes - August 28

A mid-week update. Oil prices have been quiet this week trading around the …

Update on US natural gas, coal, nuclear, renewables

On August 6, I wrote a post called Making Sense of the US Oil Story, in …

The Peak Oil Crisis: When?

 The key question is just how many more months or years will production …

Community energy in Ireland: the technological aspects

It is important to keep in mind that technologies aren’t neutral.