Demand destruction: who gets destroyed?
Demand destruction is at the core of misconceptions by economists about the likely course of events leading up to and following an oil peak.
Demand destruction is at the core of misconceptions by economists about the likely course of events leading up to and following an oil peak.
A fleet of new ships built for BG and other companies to meet Britain’s growing energy needs by bringing in liquefied natural gas (LNG) from abroad has been hit by leaks and safety scares.
An evening with Dr. Colin Campbell and Graham Strouts, Schull, West Cork, Dec. 2005
“..One of the first things a community can do, then, is to educate itself about energy- try to achieve a basic level of energy literacy: how many of us have much idea about how much energy we actually use in the running of our homes?”
We are faced with an impending shortage of the source of energy which is hardest to replace – liquid fossil fuels. And we are faced with the environmental consequences of the fossil fuel burning which has permitted us to be standing here now. The structure, the complexity, the diversity of our lives, everything we know, everything that we have taken for granted, that looked solid and non-negotiable, suddenly looks contingent.
Comedian Richard Pryor, who passed away last week, was famous for saying, “Who you gonna believe? Me or your lying eyes?” In a way, those who believe that a peak in world oil production is not far away (or possibly already here) are asking the American public the same question.
Dec. 19 (Bloomberg) — Goldman Sachs Group Inc. analyst Arjun Murti, who roiled oil markets in March by saying crude may reach $105 a barrel, now says that may be conservative if the “peak oil” theory is right and world supplies are running out.
With the amount of shopping days until Christmas fast running out, consumers who would like to make ‘green’ choices are often helpless to change their behaviour, according to research at the University of Surrey. The project, which was funded by ESRC, warns policymakers that eco-taxes and information campaigns have only a limited impact on how people behave.
Dmitry Debunks some well established myths on GDP & Energy efficiency, and Huber “EROEI doesn’t matter”.
The high energy prices that have put this year into the record books have also fostered the rebirth of a concept most Americans aren’t comfortable with — conservation.
Contemplating the end of oil is frightening, even terrifying. …But since it is Thanksgiving, let’s take a clear-eyed look at our situation and see if there is anything that we can be thankful for.
Venezuela to sell cheap oil to U.S. poor /
Qatar, US launch huge LNG project in strategic alliance /
Review of oil movie Syriana /
Opec set to lift secrecy about oil production /
Big Oil’s greed exacts an awful toll for profits /
Pacific islands scramble to cushion skyrocketing world fuel prices /
Saudi Arabia asks for “road map” of oil demand
The solutions proposed by the Swiss electricity business establishment rely on “business as usual” assumptions, with no mention made of Peak Oil.