" />
Building a world of
resilient communities.

MAIN LIST

 

ODAC Newsletter - Apr 8

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 oil price hit a two and half year high this week of $123/barrel as the Libyan conflict continues to dominate market sentiment. This pushed the sterling value of crude to an all time high, exceeding even its level in the summer of 2008 when the dollar price reached $147/barrel, because the pound has slumped 17% against the greenback since then. Prices had fluctuated mid week as Portugal became the latest Euro nation to request a bail out raising again the spectre of a Euro crisis.

The damaged Fukishima reactors in Japan reportedly avoided further calamity as a result of a magnitude 7.1 earthquake which hit North East Japan on Thursday. Meanwhile work to stabilise the reactors continues.

In the UK nuclear safety regulators delayed their decision on new reactor designs by Areva and Westinghouse by 3 months to await the outcome of the safety review ordered recently by Energy Secretary Chris Huhne. The debate over the safety of nuclear power continued to rise in pitch this week — ODAC trustee David Strahan provides his view on the difficult choices to be made around power generation.

In the UK this week there were concerns that the rising oil price will damage the fragile economy with costs for industry, construction, and of course transport rising. The government is also under pressure to rethink its new tax on the oil industry as companies warn that it will result in a reduction in North Sea investment — especially in gas.

Oil

Libyan unrest sends oil prices soaring to $123 a barrel

Back to top

Inflation fears limit Beijing fuel hike

Back to top

Oil could hit $200-$300 on Saudi unrest, former minister says

Back to top

Reports of BP resuming Gulf drilling a 'misconcepton'

Back to top

BP unites Christians in opposition to high exec pay and poor safety

Back to top

Total Says U.K. Open to Easing Effects of Oil Tax

Back to top

Oil-Sands Standards to Tighten

Back to top

Coal

Coal price reaches new heights as demand from Asia soars

Back to top

World Bank to limit funding for coal-fired power stations

Back to top

Nuclear

The real cost of not going nuclear

Back to top

Japan quake: Nitrogen pumped into nuclear reactor

Back to top

'Fukushima Has Made Me Start to Doubt'

Back to top

Fukushima disaster delays UK nuclear approval

Back to top

Renewables

Wind farm efficiency queried by John Muir Trust study

Back to top

Investment in US clean technology highest since 2008

Back to top

G.E. Plans to Build Largest Solar Panel Plant in U.S.

Back to top

Biofuels

Biofuels Industry Battles Past Bumps in the Road

Back to top

Rush to Use Crops as Fuel Raises Food Prices and Hunger Fears

Back to top

In Spain, scientists look for fuel of the future in algae

Back to top

UK

Soaring oil prices 'could put the brakes on UK's manufacturing boom'

Back to top

Oil price rises will hit road repairs

Back to top

Turbine?maker warns on wind subsidies

Back to top

Petrol sales plummet as prices climb

Back to top

Climate

Senate rejects measure to stop EPA on climate

Back to top

Economy

Spain rules out becoming bailout victim after Portugal succumbs

Back to top

Geopolitics

Libyan rebels near Ajdabiya 'killed in Nato air strike

Back to top

Gaddafi forces attack eastern oilfields

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.


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 …

Breaking the Grip of the Fossil Fuel Economy: If It Can Happen in Appalachia, It Can Happen Anywhere

The people who agreed to spend their days digging coal from the underside of …

Agrivoltism

What is the best way to utilize sunlight: grow food or to produce fuel?

Peak Oil Notes - July 17

After falling steadily for three weeks, New York oil futures reversed on …