Insight and inspiration in turbulent times.
Like everything else in China, coal production statistics are simply immense. China now consumes and produces close to 50% of all the coal in the world. Thus, changes in Chinese consumption and / or production may have a dramatic impact upon the global coal market.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Deepwater Horizon Saga
-China
-Quote of the week
-Briefs
– Lloyd’s adds its voice to dire ‘peak oil’ warnings
– Emirates banker: Will oil be coal?
– India cuts gas subsidy in favor of greener investments?
– Peak oil postponed again
Hopes rose this week that BP may be in a position to attempt to ‘kill’ the Macondo oil leak a couple of weeks ahead of its previously anticipated date. The first of two relief wells is now close to the target, and a top BP executive is reported to have told Wall Street Journal that, should weather conditions remain favourable, the well could be shut off by 27th July. With this optimistic, but by no means assured backdrop, Tony Hayward spent this week visiting Middle Eastern investors in an attempt to shore up BP against hostile takeover bids…
-Climate photo of the week: BP oil spill
-Canada: The Saudi Arabia of the North?
-The Gulf Spill – The Battle over the Drilling Moratorium
Environmental author Bill McKibben and his international campaign 350.org are joining the solar company Sungevity in a new effort to encourage President Obama to reinstall an updated set of solar panels on the White House roof.
The blogosphere overfloweth with indignation and facts and advice for third-persons regarding the Deepwater Horizon oil spill. So let’s get personal instead. Consider for a moment the various ways which WE (that would be you and me) might choose to relate to it. Ready?
-Science and The Gulf Spill – Scientists Gauge The Impact of Oil
-Saudi Arabia’s real energy problem(s)
-What happens when coal is gone?
-Saudi’s Announcement
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Deepwater Horizon
-China
-Quote of the week
-Briefs
Busting the myth of progress is a precursor to changing industrial civilisations’ current unsustainable path.
Back in 2000, the EIA developed their first power-point presentation covering the topic of peak oil. A version of it was presented by EIA Administrator Jay Hakes to the American Association of Petroleum Geologists…What was the EIA’s rationale at the time? How has their view held up a decade later?
What should be taken from this record of the complexity gurus? Certainly, they have technical knowledge which few can match. And, they keep track of developments in their respective areas much more thoroughly than nonspecialists. So, given that, why are their judgments frequently so mistaken?
