Peak oil notes – June 30
A midweekly roundup of peak oil news, including:
-Developments this week
A midweekly roundup of peak oil news, including:
-Developments this week
We are living in an important historical moment. The last time we saw an economic collapse on this scale it took the dislocation and suffering of the 1930s and the Second World War to put the uncontrolled market back into its box and the tensions in the Eurozone are indications of the sorts of passions that result from economic failure provoked by selfishness and greed.
I don’t think we’re really going to understand this friction between, and the potential energy arising from, transition and “activism/action” unless the latter term gets further granularity. “Transition justice” is a new term and probably means different things to everyone. How this gets woven explicitly into the framing of Transition is a question we’ve not answered yet. But at least we’re asking that question.
Looking at the oil supply & demand fundamentals, next year looks like an accident waiting to happen. If economic growth in emerging economies remains on track, and that is a big If, the next oil price shock will occur in 2012.
There has been much speculation on these blog pages about the existence of OPEC spare capacity. The oil rig count for Saudi Arabia, Kuwait, Abu Dhabi and Qatar (SKAQ) provides some clues. The sharp rise in operational oil rigs in February 2011 suggests to us that usable spare capacity does not exist and that new useful capacity (light sweet?) must be built by drilling new wells. This takes time. It also suggests that there is goodwill among these OPEC members to try and boost supply to tame oil prices.
It took three 150 hp plus tractors, two backhoes and a bulldozer to finally free the rig. In the process three pull chains, each with 55,000 pound pulling capacity, snapped in one awesome surge of assembled horsepower. The country road alongside the field looked like a superhighway as the local population drove by to enjoy the show.
According to staggering new statistics from the United Nations Food and Agriculture Organization (FAO), roughly one-third of the food produced worldwide for human consumption is lost or wasted, amounting to some 1.3 billion tons per year. In the developing world, over 40 percent of food losses occur after harvest—while being stored or transported, and during processing and packing. In industrialized countries, more than 40 percent of losses occur as a result of retailers and consumers discarding unwanted but often perfectly edible food.
If biomass can help power plant owners ease away from coal faster, that is certainly a good thing. The Dominion announcement is particularly relevant given the number of planned plant retirements in the coal industry – there are currently 190 generators around the U.S. set to be shut down, and there’s a dwindling appetite to replace them with more coal.
A very large fraction of the alternative energy projects being proposed these days are large, expensive, and designed to perpetuate the specific technological and economic forms of the present. A very large fraction of the equivalent projects envisioned and tested during the energy crisis of the Seventies, by contrast, were small, cheap, and presupposed a significantly different way of dealing with concepts of energy, technology and wealth. The former may be more popular just now but the latter have much more to offer in the future into which our present actions are backing us.
The free flow of solar radiation that powers life on earth should be diminished, suggest some, including American Enterprise Institute’s S. Thernstrom, because it threatens the growth of our candle-making economy that requires filling the atmosphere with heat-trapping gasses.
This morning, I took the oil consumption page of the BP spreadsheet, and applied a mechanical test to each country: was 2010 the highest year of consumption over the range 1990-2010?
Yields from arable crops in the East of the country, (which is where the main arable crops like wheat are grown in this country), are going to be down by at least 25% and maybe more, because the damage has been done. It can’t be recovered – it’s too late for that now. It’s not all fine now and it really shows that a spring like this, which seems to be becoming the norm…..for the last four years we’ve had pretty dry springs – not as dry as this one but it seems to be becoming a pattern.