Peak oil review – August 27
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Restarting Libyan exports
-The Keystone pipeline
-Gas in the Marcellus shale
-Quote of the week
Briefs
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Restarting Libyan exports
-The Keystone pipeline
-Gas in the Marcellus shale
-Quote of the week
Briefs
The war in Libya entered the endgame this week: fighting continues, and fierce pockets of resistance remain, but oil companies are already queuing up to get back into action. Estimates vary on how quickly, and indeed whether Libya can return to its 2010 production capacity.
As long as communities still rely on centralized, fossil-fuel powered energy plants to generate power, democratization of the electrical grid will remain a dream. But the past 10 years have seen an exponential growth in the adoption of renewable energy alternatives, namely home solar and wind power, which presents an unprecedented opportunity for transformation.
“Traditional” economic measurements and the dominant paradigm no longer work in a world of peak debt, peak energy and peak disasters. Can a new way of talking shift things? My interview with Richard Heinberg, Senior Fellow of Post Carbon Institute on his latest book The End of Growth: Adapting to Our New Economic Reality. He’s diagnosed the problem. Now, how to communicate the issue to everyday folks and policy makers? Heinberg weighs in.
A midweekly roundup of peak oil news, including:
-Developments this week
-Restarting Libyan production
How fast do we need to transition off of fossil fuels? What industrial capacity is available today for different alternative energy technologies and what is likely to be available in the future? What might we do if we can’t replace fossil fuels with alternatives fast enough, and what might the consequences be? I finally got around to re-doing these calculations, and wanted to go through the numbers.
A government of Alberta cabinet briefing note dated Aug. 3, 2011 says, “Shale gas environmental concerns in the media and in the public in other jurisdictions are potentially problematic for energy development and environmental management in Alberta.” The note also reveals that one of Canada’s most powerful lobby group, the Canadian Association of Petroleum Producers, has approached the Alberta government about shale gas issues in order “to enhance public communication.”
Transition Voice’s review of Richard Heinberg’s latest book, The End of Growth: Adapting to Our New Economic Reality.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Middle East
-Global power shortages
-Quote of the week
-Briefs
Markets plunged again on Thursday as warnings of a double dip recession grow louder. Morgan Stanley described the eurozone and the US as “dangerously close to a recession”. Yet oil prices have softened only slightly, and Brent crude remains above $105/barrel…
Colin Campbell is the originator of the concept of “peak oil” with the article that he wrote in 1998 in “Scientific American”, together with Jean Laherrere. He is also the founder and honorary chairman of the Association for the Study of Peak Oil (ASPO). He lives in Ireland, in the village of Ballydehob with his wife, Bobbins. Last month, he wrote me a letter that contains several interesting observations on embedded energy and on people’s life. With his permission, I am reprinting it – slightly edited – together with my answer.
“If anyone tells you that there’s a single-factor explanation for societal collapse,” says collapse guru Jared Diamond, “you know right away that they’re an idiot. This is a complex subject.” So, forget about peak debt, peak oil, peak climate, peak Harry Potter or even peak everything as the single most important problem that could bring today’s whole pulsing, beaming and txt-mssgng mess down into a lifeless pile of shorted-out microchips, rusted carburetors and busted sporks from Taco Bell. Diamond gives the Five Fatals that could do us in, using the example of the unlucky Greenland Norse.