Oil’s Wild Price Swings Set to Create Global Chaos
As the current global oil glut shakes up petro states around the world, oil prices are becoming more volatile than Donald Trump tweets.
As the current global oil glut shakes up petro states around the world, oil prices are becoming more volatile than Donald Trump tweets.
If you wanted to build a standalone microgrid in Africa, powered by local renewable resources, and make it reliable enough to run a neonatal intensive care clinic, how would you do it?
“The depressing reality about climate change is that we could solve the problem, at manageable cost, but are failing to do so.” So the Financial Times Editorial Board concluded on 26th December.
Rapid progress towards clean energy is needed to meet the global ambition to limit warming to no more than 1.5C above pre-industrial temperatures.
Turiel’s proposal has raised a considerable debate among the experts, with several of them challenging Turiel’s interpretation. Turiel himself and Gail Tverberg (of the “our finite world” blog) discussed the validity of the data and their meaning. Below, I reproduce the exchange with their kind permission.
Should fossil fuel companies that knew their products contributed to climate change for nearly 40 years and did nothing about it now be allowed to have their say inside the UN climate talks?
What does it mean for a society to have “energy security”? Although there are more than forty different definitions of the concept, they all share the fundamental idea that energy supply should always meet energy demand.
Our goal presently is to broaden the discourse on energy futures. If we cannot always provide comprehensive answers in the space available, we hope at least to provoke thought about new questions, with the aim of unsettling some assumptions about energy futures presently held with undue confidence.
The energy turning point is unequivocal. In the years preceding the historic Brexit referendum, and the marked resurgence of nationalist, populist and far-right movements across Europe, the entire continent has faced a quietly brewing energy crisis.
The Energy Information Administration (EIA) recently highlighted a little-discussed benefit of using renewables like wind and solar to produce electricity: Unlike most power sources, they require “almost no water.”
Hopes that global CO2 emissions might be nearing a peak have been dashed by preliminary data showing that output from fossil fuels and industry will grow by around 2.7% in 2018, the largest increase in seven years.
Nature is complex and human behavior is irrational; only the past explains the future. Matthieu Auzanneau’s book Oil, Power, and War: A Dark History, helps us understand the oil industry’s past, which in turn helps us envision the future of not only petroleum, but also the global industrial economy.