Consumption & Demand

ODAC Newsletter – Jan 28

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Saudi oil minister Ali al-Naimi hinted this week that OPEC might move to increase oil production to satisfy rising demand. Both OPEC and the IEA are anticipating demand growth this year, and with Brent crude close to $100/barrel the pressure on OPEC is growing…Many of the OPEC nations face serious threats of their own as they struggle to generate jobs for their growing populations. No doubt the house of Saud and other OPEC leaders will be casting a wary eye at the recent uprising in Tunisia and the riots in Egypt.

Energy: Hydrocarbons in North America

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The sheer scale of our dependency on nonrenewable, energy-dense "fossilized sunshine" is often lost on those who believe that renewable energy sources can supplant hydrocarbons at anything like today’s level of energy consuption. Thus it is prudent to examine the prognosis for fossil fuels within North America, as they will make up the bulk of our energy consuption for many decades to come…

ODAC Newsletter – Jan 21

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BP increased its exposure to the ‘wild east’ this week through a new joint venture with the state-owned Russian oil giant Rosneft. Given the rocky history of its existing joint venture, TNK-BP, the deal illustrates the risks BP has been forced to take to gain access to meaningful oil resources…

If Britain starts fuel rationing, could US be next?

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Facing up to imminent peak oil and runaway climate change, the UK could start rationing fuel within ten years. Rationing sounds scary. But it’s much fairer than the alternative, which is to let high prices determine who drives and who doesn’t. And the Brits’ innovative plan for Tradable Energy Quotas would reward energy conservation while softening the blow of higher costs. Meanwhile, the US continues to be in denial about both climate and energy depletion. Is there any way this British plan could come to Washington?

Energy security

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So what should we do? We must be explicit about why we want good domestic climate and energy policy. Let’s say that it is needed to achieve peace and stability. Let’s say that climate change and competition for dwindling energy reserves are both causes of instability and violence. We should make it clear that there the other causes of instability and violence – like nuclear proliferation and inequality – need to be dealt with too. Finally let’s be very clear that our vision for renewables and good domestic climate policy is totally inconsistent with the dominant approach to security.

TEQs Tradable energy quotas: A policy framework for peak oil and climate change

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A report launched today by the Lean Economy Connection, commissioned by the All Party Parliamentary Group on Peak Oil, calls for a nationwide system for ensuring fair and equal access to fuel as energy scarcities develop. The report, entitled Tradable Energy Quotas, sets out a detailed proposal for a scheme which would ensure fair and equal entitlements to fuel and energy under conditions of scarcity, while also guaranteeing that the government meets its commitment to an 80% reduction in carbon emissions by 2050.