Letters from America
An agriculture student from a small North Indian village writes home to his sister about the bizarre way of life he encounters during a stay in America. (An updated “Gulliver’s Travels”)
An agriculture student from a small North Indian village writes home to his sister about the bizarre way of life he encounters during a stay in America. (An updated “Gulliver’s Travels”)
A U.S. federal judge has blocked the six-month moratorium on offshore oil drilling, just as more credence is being given to the notion that the Deepwater Horizon disaster has resulted in multiple leaks on the seafloor – due to well casing damage – making containment a munch lengthier process.
On June 15th, in their testimony before the House Energy and Commerce Committee, the chief executives of America’s leading oil companies argued that BP’s Deepwater Horizon disaster in the Gulf of Mexico was an aberration — something that would not have occurred with proper corporate oversight and will not happen again once proper safeguards are put in place. This is fallacious, if not an outright lie.
In a perfect world, our partners, roommates, children and other assorted members of our lives would say “Oh, I’m so thrilled you are growing a garden/part of a CSA – now I can get rid of the honey-barbecue chips and the fast food, and start really appreciating rutabagas like I’ve always wanted to.”
When Big Oil breaks ranks, and one partner in a world-class deal accuses the other of gross negligence, you know that fear has overcome the industry. But fear of what? One presumes it’s the permanent loss of future — or even currently permitted — drilling rights in the Gulf of Mexico because of the disastrous oil spill, in addition to offshore deals around the world. After all, as I’ve written here before, the primacy of Big Oil rests on its claim to technological superiority.
Anna L. Peterson’s “Everyday Ethics and Social Change: The Education of Desire (EE) concedes that is it is our nature to hope, even “when nothing in our world indicates progress is possible” (Pg. 1). She’s not a Pollyanna, noting there are no “valid arguments to justify moral and political hope… This book is about the connection between ‘that which is hoped for’ in our everyday lives and the possibility of [bringing about] this good on a larger and more lasting scale”.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Deepwater Horizon
-Peak oil and the President’s speech
-Quote of the week
-Briefs
Jeff Rubin was the chief economist at CIBC World Markets for almost twenty years. He as one of the first economist to accurate predict soaring oil prices back in 2000 and is now a sought-after energy expert. Peak Oil Review caught up to him in Toronto last week. Part 1 of a 2-part interview.
BP’s oil disaster is partly the result of approaches to risk which lead us to believe we know more than we do.
-The Costs of Natural Gas, Including Flaming Water
-Marcellus Shale gas drilling put under microscope: Moratorium weighed as towns, people wary of potential mishaps
-Struggle for Central Asian energy riches
-Russia Cuts Gas Deliveries to Belarus
The first half of this essay sketched out the unfamiliar terrain that’s beginning to open out in front of the peak oil community as the concept of hard energy limits seeps back out into public awareness, after thirty years of exile in the Siberia of the imagination where our society imprisons its unwelcome truths. One probable feature of that landscape is the rise of revitalization movements among people in the industrial world.
One view is that energy prices will rise, substitutes will be found, and prices will come back down again, perhaps settling at a somewhat higher equilibrium reflecting the cost of producing the substitute energy source… Another view, popular among those concerned about peak-oil, is that oil and energy prices will just keep rising. If scalable substitutes aren’t found, some expect that oil prices will rise from their current price of $75 barrel, to $100 barrel, to $200 barrel, to $300 barrel, and eventually to $1,000 barrel or more.