" />
Building a world of
resilient communities.



ODAC Newsletter - Dec 2

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.

Evidence that the oil price is killing the economy came by the tanker-load this week. The FT reported that the cost of oil imports to the EU has increased from $280bn in 2010 to $402bn this year. Meanwhile the newly created Office of Budget Responsibility for the UK named oil prices as a key factor in a drastic downward revision of its economic and fiscal outlook released this week. With the price of a barrel driven higher by geology and geopolitics, there is no prospect of meaningful relief until our oil dependency is radically reduced.

Chancellor George Osborne acknowledged the effect of the oil price in an interview on Radio 4's Today Programme, but his response has been depressingly short-termist. The most direct measure was a further postponement of the fuel duty escalator — there will now be no rise until August 2012 at the earliest. While this will play well with voters it does nothing to address the crux of the problem — the urgent need to reduce oil dependency. Other energy measures in the Autumn Statement included the postponement of government spending on carbon capture and storage, and rebates for energy intensive industries as the government moved further away from its green agenda towards an economic-growth-at-all-costs programme. A more positive move was a cap on rail fare increases - although they can still rise a sizeable 6%.

One area where the government does seem to be working hard is in its apparent efforts to derail a European move to designate oil from tar sands as higher emission fuels. Such a move would cause suppliers trying to meet transport fuel emission targets to avoid such fuels. The Guardian revealed that UK ministers are working closely with Canada, BP and Shell to avoid that outcome. Energy Secretary Chris Huhne restated Britain's commitment to meeting emissions targets before joining other leaders at the Durban Climate Change Conference, but he looks increasingly isolated in the government. We are moving towards both an economic and environmental crash.


EU oil import costs soar above $400bn

Back to top

More Fuel for the Euro Zone's Fire

Back to top

Oil Rises to Two-Week High After Central Banks Boost Liquidity

Back to top

UK secretly helping Canada push its oil sands project

Back to top

Oil sands opponents turn focus to Enbridge project

Back to top

Cairn finds no oil off Greenland

Back to top

Uganda's Oil Could Be Gift That Becomes a Curse

Back to top


New York City fracking hearing draws opposition

Back to top


EU prepares for 80 per cent increase in renewables capacity

Back to top

Wind power to make up half of Danish energy use in 2020

Back to top

UK's faith in nuclear power threatens renewables, says German energy expert

Back to top

Geothermal heat may be accessible via old oil and gas wells, scientists say

Back to top


George Osborne delays fuel duty rise and caps rail fare increases

Back to top

Autumn statement: George Osborne slams 'costly' green policies

Back to top

North Sea oil revenue report 'stark reading'

Back to top

Greg Barker slams 'bonkers' proposals to delay solar incentive cuts

Back to top

Largest carbon capture plant in UK opens in Yorkshire

Back to top


The Texas solution: save water and reduce CO2 emissions

Back to top


European Refiners Wary of Potential Iran Oil Ban

Back to top

Britain to announce new Iran sanctions

Back to top


American Airlines forced to seek shelter from economic storm

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.

Water, History, and Finance Converge As Sioux Nation Mounts Storied Battle Over Oil Pipeline

Heavy snow and winter cold settled this month on thousands of Native …

Five Ways the Paris Agreement can Address Oversupply of Fossil Fuels

The World Energy Outlook 2016, released last week, is just one among an …

Moving Slowly and Deliberately at Standing Rock: A Report on Life in the Camp

I am moving slowly and deliberately and thinking about the world we need to …

Trudeau Approves Kinder Morgan Trans Mountain Pipeline As Part of Canada’s ‘Climate Plan’

Justin Trudeau announced the approval of the Kinder Morgan Trans Mountain …

Rise of Trump and Trudeau haven’t changed need for radical climate action

The entire system must be put into question, not just who joins the new …

COP22: Can we UNF*CK the UNFCCC?

But can any of us imagine how frustrating beyond words it must be for …

Invest in the Future, not the Past: 4 Reasons to Divest from Fossil Fuels

With the benefit of hindsight, would you have wanted your pension being …