Consumption & Demand

Strategic petroleum reserves: The world’s last ‘swing producer’ tries to save the economy

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Global leaders are now implementing another stimulative measure that they hope will prevent the economy from teetering over into recession once again: lowering oil prices through the coordinated release of 60 million barrels of oil into the market from government-run strategic petroleum reserves. The move seemed to have the desired effect as oil prices fell more than 5 percent after the announcement. The question is: Why did they wait until now?

ODAC Newsletter – June 24

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The oil market was plunged into turmoil as the IEA announced it will tap its strategic reserve for only the third time ever. The agency had hinted in the past months that it might be prepared to release stocks to offset the shortfall in production from the Libyan crisis, to calm prices and avoid a “hard landing” for the global economy.

Peak Oil – the clear and present danger

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Global oil production (crude oil plus condensate) has been on a plateau / in decline for 7 years resulting in high energy prices that are feeding inflation, eroding family budgets and crippling the World economy. It is time for the international political community to awaken to the risks posed by Peak Oil. A British Government report published last week under a Freedom of Information Act (FOIA) request makes clear that civil servants working at the UK department of Energy and Climate Change (DECC) seem very aware of the risks posed by peak oil, and yet the British Government seems happy to continue to ignore warnings.

Less heat, more light on peak oil

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“Because money talks and BS walks, if the hydrogen economy was an apprentice working for Donald Trump, it would’ve been fired in the first season.” This is just one of the pearls of wisdom from Transition Voice’s new “Snarky Guide to Peak Oil.” It’s got the facts you need to debunk energy myths and the attitude you need to defuse a heated discussion with a smile.

Clean and Green Investment Forum — Summary

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On June 6 and 7, I attended Opal Financial’s Clean and Green Investment Forum. I was invited to take part in a panel on “Green Energy in Emerging and Frontier Markets”. The forum brought together clean tech entrepreneurs and investors as well as a few academics and analysts and proved very stimulating. The overall vibe was one of optimism and opportunity — we’re talking entrepreneurs and investors here.

300 ans d’energies fossiles en 300 secondes

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Dubbed French version of Dubbed French version of the PCI video ‘300 Years of FOSSIL FUELS in 300 Seconds’. L’histoire humaine des 300 dernières années dont le développement repose sur les énergies fossiles.

Review: Reinventing Collapse – Revised and Updated by Dmitry Orlov

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Neither an economist nor a formally trained scholar, Dmitry Orlov is perhaps best described in his own words, as “more of an eyewitness” to the phenomenon on which he writes. He’s a Russian émigré who saw the Soviet Union fall firsthand and has been drawing on this experience in warning of the coming U.S. collapse. He came to fame five years ago with a smash-hit Internet article that won him a loyal following and a subsequent book deal. The book, Reinventing Collapse, is now in its second edition—and regardless of how well it holds up to scholarly scrutiny, it’s admirable in its wit and prodigious street smarts.