Energy Policy

Peak Moment 155: Peak Oil: Adapting for Big Changes Ahead

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With a long-time eye to declining energy resources, Bart Anderson envisions a very different society in five years. The former editor of Energy Bulletin.net offers advice for post-oil living: Understand the problem. Prepare psychologically for big shifts and the unexpected. Find your niche and get good at it. See what your great grandparents did as a model for living well within limits. “Live poor and learn to do it well” as Bart did as a graduate student. Things will be very different, he said, but we’ll make it through.

Peak Oil: The Eventual End of the Oil Age

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We cannot be lulled into a false sense of security: though oil prices have declined from their historic highs, there is little doubt that peak oil is real. A 2008 research project completed at Washington University in St. Louis found strong evidence in support of the theory. Please feel free to circulate this academic document as a primer on peak oil.

Peak Oil, the Decline of the North Sea and Britain’s Energy Future (report excerpt)

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The central message of the presentation is that Britain – irrespective of the ramifications of the global issue of peak energy – faces a series of problematic choices in order to re-negotiate our lifestyle within the biophysical limits that will assert themselves over the next few decades. These problems cannot be avoided, and they are complex because they affect so many aspects of our economic, social and material well-being today. For that reason they are innately political, and thus require the political parties of Britain to engage with these issues in order to map out a means of dealing with the crises these changes will generate.

Peak Oil Reality: Industry Experts Offer Growing Drumbeat of Supply Warnings (press release)

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Groups and individuals speaking out about forthcoming world oil supply challenges are frequently stereotyped as a fringe element with little knowledge about the oil industry. But their warnings are increasingly supported by some surprising allies: senior petroleum industry officials, consultants and analysts. Call these serious-minded critics the Harsh Realists.

The oil-economy connection

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Saudi Arabia’s oil production company is Saudi Aramco. Its former Vice President of oil exploration and production, Sadad al Husseini, recently made the following comment on oil prices at the 30th Oil & Money Conference, held in London on October 20-21: “…as you go up to say $90 a barrel, you’re consuming 4.5% of the global economy [for oil]. That in itself is a ceiling – you cannot go indefinitely into more expensive alternatives without destroying [the] economy and therefore destroying demand…”

How (not) to resolve the energy crisis

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Increasing the share of renewable energy will not make us any less dependent on fossil fuels as long as total energy consumption keeps rising. Renewable energy sources do not replace coal, oil or gas plants, they only meet (part of) the growing demand. The solution is simple: set an absolute limit to total energy production. Why should we not be able to cope in 2030 with the amount of energy we consume today?

International Energy Agency calls ‘Peak’ on OECD Oil Demand

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In World Energy Outlook 2009, the International Energy Agency seems to have dropped a bombshell that has been quietly (and politely) ignored. In their main ‘reference scenario’, the IEA forecasts that OECD demand has already peaked – it never recovers the levels seen before the oil price spikes and financial crisis unfolded.

Response to George Will: “There is still no alternative to oil”

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George Will had quite a few figures in his commentary “There is still no alternative to oil” that suggested there are no supply problems concerning oil. I think there are a few more figures that should be added to assess the oil supply situation.