Updating world deepwater oil & gas discovery

Deepwater oil production will help reduce the decline in world oil production from aging fields. The IEA claims that four Saudi Arabias need to be discovered up to 2030 to replace the present decline in production (about 5 %/a). The deepwater ultimate is likely to represent less than half of Saudi Arabia’s oil ultimate. It is not enough!

Peak Moment 211: The straight poop on sustainable farming

Innovative farmer Joel Salatin says sustainable agriculture requires both perennials (like native grasses) and herbivores (like cattle) to build soil. Mimicking patterns from nature, this maverick Virginia farmer rotates cattle followed by chickens into short-term pasture enclosures, where their poop fertilizes the earth. His new book Folks, This Ain’t Normal is a critique of the industrial food system, and envisions a future where humans are participants in a regenerative, sustaining community of abundance

Chesapeake and JPMorgan: Risk (mis)management with other people’s money

If you were personally faced with betting on complicated nonsense with your own money, you’d never do it. But JPMorgan was betting with other people’s money, with deposits, with INSURED deposits no less. Now, JPMorgan traders thought they understood the risks. Obviously, they didn’t. And, probably they couldn’t. They pretended to be able to understand the world through models that simply cannot account for unquantifiable risks, risks in the real world.

Fermentation: to infinity and beyond!

Fermented foods are a huge part of food preservation, a bigger part that most of us know. I think sometimes we underestimate fermenting as a means of keeping things alive because it doesn’t hold foods entirely in seeming stasis as canning or freezing do (yes, canned and frozen foods degrade too), which is what many of us really want. But what fermented foods do really well is work with the seasons to keep food cyclically – they are the ultimate preservers gift for people who want to be regularly engaged with their dinner.

Sandor Katz’s new book The Art of Fermenation is astonishingly comprehensive and fascinating. Besides the incredible history, recipes, cool pics of the microorganisms you are playing with, ideas for experimentation and socio-culture of food, there is Katz’s basic manifesto – we are not better off, safer, healthier or happier when we hand off the tools of food production and preservation to others.

The convenience city ultimatum

After 13 weeks of exploring the problems and opportunities of a sustainable Vancouver by 2050, what did 17 University of British Columbia students and three teachers come up with? Were they able to find a way to make housing affordable, our streets livable, and our burden on the planet much much lighter? Did they find a hopeful way forward, against the odds, to an equitable, affordable, sustainable, and economically vibrant city?

ODAC Newsletter – May 11

Fears of a new phase in the European debt crisis, a decline in oil imports to China in April, and the prospect of a new round of international talks on Iran’s nuclear programme have seen oil prices drop back from recent highs in the past two weeks. Despite all this however, and reports from OPEC that it bolstered supply by 320,000 barrels in April, Brent oil still stands around $112/barrel.

Energy – May 10

– Thomas Homer-Dixon: Exploring the climate “mindscape” (oil supplies and energy junk)
– Government influence is negative for energy fuel policy
– The German Switch from Nuclear to Renewables
– Scientists’ Arctic drilling plan aims to demystify undersea greenhouse gases
– Ancien directeur de TOTAL: Nouvelles découvertes et gaz de schiste retarderont à peine le pic pétrolier