Building a world of
resilient communities.



Oil, Gas and CCS - June 19

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

Energy expert Byron King on peak oil, natural gas and rare earth

Capital Account, RT News
Agora Financial’s energy expert Byron King says the worlds largest oil fields are depleting and global discovery rates are NOT keeping up. So what’s the future of energy? Are green energy players losers without subsidies? Can anything compete with natural gas when its price is so low?...

(15 June 2012)
Recommended by Michael Lardelli.

Chart of the week: a picture of world oil

Rob Minto, FT Alphaville Blog
Oil is crucial to the world’s energy supply, representing a third of global energy consumption – the largest component.

So who produces it, who uses it, who has it? And how do emerging markets compare to developed economies? Chart of the week takes a look...Chart and commentary at original
(18 June 2012)

Europe shale push shaken by Exxon's Poland pullout

Maciej Onoszko, Reuters
Europe's most ambitious shale gas plans were in disarray on Monday after U.S. major ExxonMobil announced it would pull out of exploration projects in Poland.

Poland's lucrative reserves had spurred hopes of transforming Europe the way a shale boom has left the United States brimming with supplies, potentially turning the Poles into net gas exporters.

That was until March, when a government report revealed the country's likely reserves were about one-tenth the size of previous estimates.

At the weekend, Exxon, which earlier this year cautioned that commercial production of Polish shale was at least five years away, said it would not go forward with exploration...
(18 June 2012)

‘Carbon capture’ too risky, earthquake prone: US study

A proposed method of cutting harmful carbon emissions in the atmosphere by storing them underground risks causing earthquakes and is unlikely to succeed, a US study said on Monday.

The warning came in a Perspective article in the Proceedings of the National Academy of Sciences, just days after another independent US study warned that carbon capture and storage (CCS) risked causing earthquakes.

CCS is currently considered a “viable strategy” by the UN Intergovernmental Panel on Climate Change for pollution control from coal-based electrical power generation and other industrial sources of carbon dioxide, said the PNAS study.

But while no large-scale projects are yet under way, the huge volume of fluid that would need to be stored below ground for long periods of time make the notion unrealistic, argued the study by experts at Stanford University in California...
(19 June 2012)
Link to report abstract

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 "Syrian Sickness": What Crude Oil Gives, Crude Oil will Take Away

Crude oil had created modern Syria, crude oil has destroyed it.

Drought Influenced Syrian Civil War; So What, Says U.S. Congress

This singular thought, that climate change can stir dangerous human …

Peak Oil Review - Nov 23

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

Despite Low Oil Prices, Renewable Power Gaining Traction, Energy Agencies Report — But Not Yet Fast Enough for the Climate

The shift away from coal and towards renewable sources of energy is slowly …

Peak Oil Notes - Nov 19

 A midweek update.Oil futures fell as low as $39.91 a barrel in New …

Keeping warm with minimal heating: small-scale solutions

I discuss some of the ways you can add the equivalent of an extra layer of …

Can We Afford the Future?

As a child of the 1950s I grew up immersed in a near-universal expectation …