Insight and inspiration in turbulent times.
Sam Fletcher For at least the 3 decades and probably beyond”we will need to find and produce even more oil than we do today, a very challenging responsibility for all of us in the petroleum industry,” said Rex W. Tillerson, president of ExxonMobil Corp.
As the nuclear power industry stages a nationwide comeback, New England is emerging as a major battleground in the industry’s campaign to be recognized as a ”green” energy source.
Creating A Sustainable Future (CASF) is planning to establish a people-centered professional community for sustainable living. The community would be based around a progressive learning center.
Many individuals could save themselves a great deal of aggravation by recognizing the fundamental and permanent (or soon-to-be permanent) changes in the crude and products markets instead of berating OPEC and others about some obsolete notion of a fair price for oil.
Scientists meeting at the American Geophysical Union conference in San Francisco debated Tuesday whether the world has plenty of oil for centuries to come — or if it faces impending shortages that might trigger economic chaos, even war, in coming decades.
Opponents in a long-running debate over when the world will run out of oil squared off Tuesday in a crowded room of scientists, reaching only one conclusion: The supply of fossil fuels is fixed and the world economy will eventually have to wean itself from oil.
Supply is ahead of demand — but falling prices probably won’t last long.
For the last two centuries the burning of fossil fuel – coal, natural gas and crude oil – has been propelling human civilization. But fossil resources are finite – they really will run out – and their use has altered Earth’s atmosphere. On both fronts, Americans are in denial.
In few industries do statisticians have to behave like spies, but those charged with collecting data on oil supplies have to rely on secret networks of informers in terminals around the world, who monitor tanker timetables and scrutinise shipping movements to report on changes in import and export volumes.
Some residents of Willits, California are using community planning to prepare local sustainable responses to the coming global energy peak.
Lord Browne claims that there are no pressing physical supply constraints on oil.
The world’s airline industry is set to rack up losses of almost $5bn (£2.6bn, 3.6bn euros) this year, global airline body IATA has forecast.
