Insight and inspiration in turbulent times.
Tom Whipple What is likely the best current thinking on the peak oil situation concludes that world oil production will stop growing at the end of this year; will just balance annual global depletion of 4 million b/d for the next four years or so; and then enter into irreversible decline.
Zone5 Podcast #3 with Dr. Colin Campbell on Peak Oil, the Financial Collapse, Adaptation and What the Future May Hold. Colin Campbell, founder of the Association for the Study of peak Oil and Gas, is officially retired from his career as oil geologist and Peak Oil pundit but kindly agreed to this interview for the zone5 podcast.
-UN alarmed at lack of global support for Haiti’s immediate agricultural needs
-Haiti Is Open For Business
-Haiti: A Creditor, Not A Debtor
-US Brags Haiti Response Is A ‘Model’ While More Than A Million Remain Homeless In Haiti
-China losing appetite for U.S. debt
-Metal prices rising strongly again
-Collapse of the euro is ‘inevitable’: Bailing out the Greek economy futile, says FRENCH banking chief
-Goldman Goes Rogue – Special European Audit To Follow
-The Making of a Euromess
-Did peak oil cause the present financial crisis?
-Controversy mounts in EU over fall-out from biofuel
-British Airways to fly jets on green fuel made from London’s rubbish by 2014
-BA’s biofuels plans mean a lot of garbage: the problem of “peak waste”
-Getting Your Family On Board With Food Storage
-The community-owned, timber-framed, self-heating village shop
-Nitrogen for Free
-In The Public Interest: What’s Next for High-Speed Rail?
-Mayor: Metro riders come first
-The Bikeway Network
If I were to ask 10 random people what they would expect would be a sign of the arrival of “peak oil”, I would expect that all 10 would say “high oil prices”. Let me tell you what I think the symptoms of the arrival of peak oil are
1. Higher default rates on loans
2. Recession
What would happen if the unthinkable would happen? Author Edwin Black’s threatens not with a slow run-of-the-mill peak oil scenario, but rather an acute (perhaps terrorist-induced?) fuel crisis because of reduced global availability of oil by 5-10% for a period of least a month. Black then goes on to propose A Plan for how the U.S. could cope with such a disaster in his book “The Plan: How to rescue society when the oil stops – or the day before” (2008).
-What’s stopping us getting solar power from deserts?
-Norway plans the world’s most powerful wind turbine
-It’s Green Against Green In Mojave Desert Solar Battle
-How Wrong Is the IPCC?
-Bill Gates: the Most Important Climate Speech of the Year
-Team Finds Subtropical Waters Flushing Through Greenland Fjord
-Oil firms drop group lobbying for US climate bill
A midweek roundup of peak oil news, including:
-Prices and production
-Iran
