" />
Building a world of
resilient communities.



ODAC Newsletter - Nov 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.

US oil prices rose this week on news that the glut of crude stocks at Cushing Oklahoma, which has depressed the benchmark WTI contract for months, may soon be drained. Enbridge is to buy the Seaway pipeline which runs from the Houston area to Cushing, and plans to reverse its flow. The news followed the announcement last week that a decision on Transocean's controversial Keystone XL pipeline extension (which would also have relieved the Cushing glut by shipping oil from Canada direct to Louisiana) will now be delayed for at least a year to allow time to further examine the proposed route. The delay was hailed as a victory by climate and anti tar sands protesters.

The price difference between the WTI and Brent crude (which is more representative of world markets), has now shrunk to around $9 from a high of nearly $28 earlier in the year. The Brent price dropped this week on reports that Libyan oil production is being restored somewhat faster than expected, and fears of further contagion in the Eurocrisis as markets turn up the heat on Spain and France. Nor was it helped by another bleak warning from Bank of England governor Mervyn King, who said the British economy is at a standstill and has a "one-in-three" chance of starting to shrink over the coming months.

With cuts beginning to bite and unemployment on the rise discord is growing in the streets and in the political arena. It should come as no surprise that rising petrol prices are back in the firing line. An e-petition against the planned 3p fuel duty increase gathered more than the 100,000 signatures needed to earn a parliamentary debate this week , and the Commons passed the motion with strong support from Conservative MPs. Robert Halfon, the MP who called the debate, said it was an "issue of social justice". Perhaps, instead of calling for cuts to fuel duty, he should start to bone up on Tradable Energy Quotas (TEQs).

The motion is powerless, of course, and Business Secretary Vince Cable warned on Wednesday that cutting the duty is not an option given the state of Treasury coffers. Yet the issue could escalate; fuel prices are much higher today than those that provoked the petrol protests of 2000, which brought the country to a standstill in days.

The government has another growing rebellion on its hands at the moment following its announcement of proposed drastic cuts to the solar feed in tariffs. Last week a coalition of UK solar companies started legal action to fight the cuts. This week The Guardian got hold of a secret briefing document which showed that Lib Dem Councillors are lining up oppose the plan, which they believe is likely to hurt them at the ballot box. Maybe Energy Secretary Chris Huhne can draw some comfort from a Bloomberg New Energy Finance (BNEF) report which forecasts on-shore wind will match gas-fired power on price by 2016.


Oil prices surge on pipeline plans by Enbridge, TransCanada

Back to top

Crude Oil Falls From Five-Month High on Signs Europe Crisis Is Spreading

Back to top

Spared in War, Libya's Oil Flow Is Surging Back

Back to top

Brazil police probe Rio de Janeiro Chevron oil spill

Back to top

Biggest Oil Find in Decades Becomes $39B Caution

Back to top

Pitfalls on the Road to Tapping New Energy

Back to top

Britain asks Iraq to back off after threats to Exxon

Back to top

A New Era of Gunboat Diplomacy

Back to top


Global 'gas cartel' is a long way off, experts say

Back to top

Iraq Approves Shell Gas Deal

Back to top


Onshore wind farms seen cost-competitive by 2016

Back to top

Hurricane Irene blows National Grid profits off course

Back to top


Parties clash over future of nuclear power in France

Back to top

Australia Seeks End of India Uranium Ban

Back to top


EU biofuel target seen driving species loss: study

Back to top

'Pee power' is possible, UK scientists find

Back to top


MPs attack Government for fuel taxes that 'destroy communities'

Back to top

UK taxman's share of petrol pump price drops

Back to top

Sainsbury's aims for zero waste landfill — but is anaerobic digestion the best way?

Back to top

Liberal Democrats prepare to revolt over solar subsidies crackdown

Back to top


Kuwait orders tight security after parliament stormed

Back to top


Bank of England warns of growth standstill

Back to top

OECD: Major Economies to Slow

Back to top


Airlines call for Air Passenger Duty to be scrapped

Back to top

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 Rise of Community Energy

Around the world, the idea that communities install, own, and enjoy some of …

State of The Transition, November 2016: Steps forward continue to outnumber steps back

The global energy transition remains in a state of net forward momentum as …

World Energy Outlook 2016 – Fatih Birol in Brussels

On 16 November 2016 the International Energy Agency (IEA) presented its …

Waiting for the Climacteric: or, the Return of the Greentard

...I want to broach some wider energy-related issues with the help of two …

Peak Oil Review - Dec 5 2016

A weekly roundup of peak oil news, including: -Quote of the Week -Graphic of …

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 …