-Prepare to celebrate OPEC's demise
-U.K. Climate Plan Set To Curb Impact Of Oil Shocks, Report Shows

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Peak oil - May 22

Click on the headline (link) for the full text. Many more articles are available through the Energy Bulletin homepage


Read Chapter 2 "Peak Oil" in Peeking at Peak Oil

Kjell Aleklett, Aleklett's Energy Mix
Springer has now decided to make Chapter 2 of Peeking at Peak Oil public for anyone to read. I hope you like it.

Contents
1 Introduction .. 1
2 Peak Oil .. 7
3 A World Addicted to Oil .. 17
4 The Global Oil and Gas Factory .. 23
5 The Art of Discovering an Oil fi eld .. 31
6 The Oil Industry’s Vocabulary .. 41
7 The Art of Producing (Extracting) Oil .. 53
8 The Size of the Tap: The Laws of Physics and Economics .. 65
9 The Elephants: The Giant Oil Fields .. 73
10 Unconventional Oil, NGL, and the Mitigation Wedge .. 95
11 Peak of the Oil Age .. 121
12 Oil from Deep Water: The Tail End of extraction .. 149
13 Peeking at Saudi Arabia: “Twilight in the Desert” .. 169
14 Russia and the USA: The Oil Pioneers .. 191
15 China and Peak Oil .. 205
16 Peak Transportation .. 219
17 Peak Oil and Climate Change .. 233
18 Why Military and Intelligence Agencies Are “Peeking at Peak Oil” .. 261
19 How Can We Live with Peak Oil? .. 277
20 An Inconvenient Swede .. 317
Epilogue .. 323
Index .. 327
(21 May 2012)



Prepare to celebrate OPEC's demise

Roger Altma, Financial Times
Last weekend the leaders of the G8 issued a statement warning darkly of oil market disruptions. Apparently, they misunderstand this market because their statement missed the point by a wide margin...
(21 May 2012)
The writer is chairman of Evercore Partners and a former US deputy Treasury secretary.


U.K. Climate Plan Set To Curb Impact Of Oil Shocks, Report Shows

Sally Bakewell, Bloomberg
U.K. efforts to switch to low-carbon power sources may lessen the negative impact of an oil-price shock, a study found before the government publishes its plans to attract investors in clean-energy generation.

The country’s proposed climate policies would reduce the effect of jumps in energy prices on disposable household income by half by 2050, research group Oxford Economics said today in a government-commissioned report. They’d also mitigate the impact on business investment, inflation and unemployment, it said.

Britain, seeking an 80 percent cut in greenhouse-gas levels by 2050, will publish a draft energy bill next week setting out reforms to the electricity market as it seeks funds to replace aging power plants, upgrade grids and expand renewable energy. Oil and gas price gains can push up consumer prices, squeezing incomes while boosting costs for energy-intensive industries.
(18 May 2012)
Link to report

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