Building a world of
resilient communities.



ODAC Newsletter Nov 9

Welcome to the ODAC Newsletter, a weekly roundup from the Oil Depletion Analysis Centre at nef dedicated to raising awareness of peak oil.

The end of the US election season and a return of the incumbent Barack Obama saw oil markets turn their attention back to the economy. Despite much talk of upside the picture remains bleak with the US showing a huge deficit, and the EU still unresolved on how to deal with its highly indebted members. Oil prices showed their steepest decline of the year on Wednesday before recovering slightly to around $107/barrel for Brent.

OPEC acknowledged both the growing impact of shale oil, and the depressed global economy in their 2012 outlook. The group forecast a significant impact for shale in the coming years, but expects only modest shale growth from 2020 with the "best shale oil plays tapped first". It expects the oil to continue to come at a high price though remaining around $100/barrel — of course many OPEC nations require a high price to balance their national budgets. In Iraq, the other great hope for new oil, the lack of an oil policy was in focus again this week as Exxon announced plans to pull out of its $50 billion West Qurna project. Exxon is moving ahead with deals under more favourable terms in Iraq's Kurdish region. Such developments must call into question the IEA's recent projections for Iraqi oil production growth.

In the UK negotiations on the energy bill continue both behind the scenes and in the newspapers. A group of 20 Conservative MPs wrote to the Prime Minister outlining their concern that the government is putting renewables investment at risk. Renewable, nuclear and CCS business leaders combined forces in a letter to Ed Davey in support of a decarbonisation target in the energy bill. Meanwhile a new report from the London School of Economics in association with Npower Energy and the economy: The 2030 outlook for UK businesses recommends that businesses focus on energy efficiency and self-generation since energy is likely to expensive in any event.

View our Reports and Resources page


Shale oil will change global supply, Opec admits

Back to top

Iraq says Exxon to quit oilfield, ends Turkey TPAO deal

Back to top

Iraq's oil: The Kurdish opening

Back to top

Oil lobby and Koch-backed groups spent $270m on anti-Obama ads

Back to top

Oil Fluctuates After Rebounding From Lowest Level in Four Months

Back to top

Rio Says World Cup a Bust as Congress Strips State of Taxes

Back to top

Italy looks to boost crude oil production by 150% in energy policy shakeup

Back to top


Government 'prepared to walk away' from EDF nuclear talks

Back to top

Sellafield audit shows safety costs spiralling

Back to top


Onshore wind farm costs plummet by over a third

Back to top

Government causes wind farm 'investment freeze'

Back to top

MPs haul Severn Barrage scheme out of cold storage

Back to top

Exclusive: Newport community solar project raises £50,000 in one week

Back to top

Report: Returns from solar soar as panel costs fall

Back to top

Windfarms: is community ownership the way ahead?

Back to top


Ethanol Going Ugly Turns Bush Plan Into Obama Test

Back to top


UK energy sector requires £330bn to achieve carbon targets, says LSE report

Back to top

Landlords poised to flick switch on £100m energy efficiency scheme

Back to top

Opower turns customers on to energy efficiency

Back to top

Cameron set to defend coalition's position on green economic growth

Back to top

Industry letter calls for decarbonisation target in energy bill

Back to top

Huge scale of UK's 'dash for gas' revealed

Back to top


European companies announce 10,000 job losses

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.

Review: 7 key scenes in Leonardo DiCaprio’s climate film Before the Flood

Before the Flood, a new feature-length documentary presented and produced by …

Transition in Cities  

It is widely assumed that the ongoing migration of rural peoples to …

Peak Oil Review: A Midweek Update - 20th Oct 2016

 A midweek update. This week’s EIA stocks report gave a …

Oil & Money: Tackling Corruption and Climate Change

This week, senior executives of the oil and gas industry will be meeting at …

CCC: UK must Act Now to Secure Zero-Carbon Heat by 2050

UK heating must be virtually zero-carbon by 2050, says the Committee on …

Peak Oil Review - Oct 17, 2016

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

Deepwater Horizon and our emerging 'normal' catastrophes

We think of the world we live in as static and linear rather than dynamic …