Consumption & Demand

Oil Prices Are Not Going to Spike Again Just Yet

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The party isn’t over — at least not yet. For the last year, relatively low oil prices have helped us all cope with the economic collapse. We’ve paid less for gasoline than we have for years. And businesses have paid less for running their factories, planes and product transportation. But last week we began hearing the music die down and waiters moving guests out the door.

Reflections from ASPO: Contradiction, EROI, and Future Energy Supplies

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One feature of this year’s ASPO conference that I most enjoyed was the contradiction amongst presentations. Marcio Mello gave an animated talk on Sunday night about the pre-salt formations off the coast of Brazil quoting that there are upwards of 500 billion barrels of oil available, an extravagant estimate that peak oilers are unused to hearing. Monday morning two talks on natural gas were juxtaposed in tone and content, one claiming that natural gas is the “American Treasure” and the other claiming that shale gas is marginally profitable, let alone a “treasure.”

Path to a peace economy

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I start with a basic truth. A persistent pattern of violence against people, community, and nature is inherent in the institutional structure of our existing economy. You don’t treat a cancer with Band-Aids, and we can’t resolve our current economic crisis with marginal regulatory adjustments. It is time to rethink and restructure.

European gas buyers unwilling to pay for security of supply

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Even as we’ve been going through years of hand-wringing about security of supply, and about how Russia was an unreliable gas supplier, it comes out the European gas buyers are themselves increasingly refusing to pay the price that underpins the security of their Russian supplies, and are breaking their contractual obligations towards Gazprom, making Europe, erm, a less reliable customer…

The great biofuels debate – Oct 27

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-Biofuel Displacing Food Crops May Have Bigger Carbon Impact Than Thought
-Biofuels rather than electric cars to meet renewables target
-Tanzania Suspends Biofuels Investments
-Who says it’s green to burn woodchips?
-Carbon advantage of biofuels may be overstated

Economic dominoes continue to fall

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Passing the world oil peak has had, and doubtless will continue to have, relatively little impact on the long-term price of gasoline. The economic implications of getting through the first half of the Oil Age have been much more significant, a trend that seems likely to continue until the collapse is complete.

Copenhagen Is Supposed to Fail. DIY!

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Much passionate concern is flying around regarding the United Nations meeting on climate this December in Copenhagen. We hear it from honest activists and from politicians who sound trustworthy on this most crucial matter. An example is Gordon Brown, Prime Minister of Great Britain, who deserves a prize for eloquence in warning us of climate change.

Self-jiving nation

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The scene in the White House these days must be a sort of Opera Bouffe, in which an earnest and rather grave young man moves from one roomful of lesser officials to another in which all agree to pretend that they have prevented the nation from falling into something they call “the abyss.” At the end of Act I, a young deputy FDIC commissioner in the Little Mary Sunshine mold gets down on one knee, belts out a show-stopper about the glories of a bright and shining “tomorrow,” and the audience goes out for intermission to discover that the city has been burning down around the theater all night.