Peak oil review – March 19
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Iranian confrontration
-Gasoline prices and the SPR
-Bunker Fuel
-Quote of the week
-Briefs
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Iranian confrontration
-Gasoline prices and the SPR
-Bunker Fuel
-Quote of the week
-Briefs
-Older nuclear plants pose safety challenge: IAEA
-Protesters link arms around the world to decry nuclear power
The Fukushima Nuclear Disaster – One Year Later – Radio Ecoshock
-No Primrose Path
-Australia passes controversial nuclear waste bill
-IAEA: “significant” nuclear growth despite Fukushima
Finally, a plausible explanation for the Obama-Cameron political orgy — ‘love-in’ doesn’t quite do it — in Washington this week. For Cameron the benefit of this floorshow was obvious — like Blair with Bush, revelling in the reflected glory of US power — but Obama’s motive remained a mystery. What could possibly justify gifting all that folderol and face time with the world’s most powerful man? Yesterday we got the answer: international cover for a politically motivated release from strategic petroleum reserves, that’s what.
The Washington Post is beginning to understand the realities underlying America’s gasoline price problem and look behind the political bombast far enough to develop a somewhat realistic appraisal of our energy situation.
However, the newspaper has to take one more giant step before it comes completely in touch with reality. One searches in vain for any mention in a recent article that conventional petroleum production, from which our high-priced gasoline is made, has been stagnant for the last six years – i.e. global oil production is peaking. Once this threshold is crossed we (the press, the administration, political candidates, and the body politic) can begin a meaningful discussion of our options for the future.
A midweekly roundup of peak oil news, including:
-Developments this week
-EPA’s Proposed Fracking Rules Seen Cutting Gas Drilling
-As NY Turns to Fracking, Farmers Cash In
-Sierra Club Spurns $30 Million Gift as Fracking Turns Toxic
The principal cause of higher prices — a fundamental shift in the structure of the oil industry — cannot be reversed, and so oil prices are destined to remain high for a long time to come.
We are now entering a world whose grim nature has yet to be fully grasped. This pivotal shift has been brought about by the disappearance of relatively accessible and inexpensive petroleum — “easy oil,” in the parlance of industry analysts; in other words, the kind of oil that powered a staggering expansion of global wealth over the past 65 years and the creation of endless car-oriented suburban communities. This oil is now nearly gone.
Tough-oil reserves will provide most of the world’s new oil in the years ahead. One thing is clear: even if they can replace easy oil in our lives, the cost of everything oil-related — whether at the gas pump, in oil-based products, in fertilizers, in just about every nook and cranny of our lives — is going to rise. Get used to it. If things proceed as presently planned, we will be in hock to big oil for decades to come.
We go to Japan to speak with Aileen Mioko Smith, executive director of the Kyoto-based group Green Action, as Japan marks the first anniversary of the massive earthquake and tsunami that left approximately 20,000 dead or missing and triggered a meltdown at the Fukushima Daiichi nuclear power plant. It was the world’s worst nuclear disaster since Chernobyl…We also speak with Saburo Kitajima, a contract laborer and union organizer from the Fukushima Daiichi nuclear power plant. “The workers at the Fukushima plant are currently working under extreme circumstances.”
– Oil Price Distant From 1980s Agony When U.S. Income Adjusted
– Bill McKibben: Why Not Frack?
– Uranium production in Africa, and what it means to be nuclear
– Peak oil starts to bite the budget
For the oil industry this was CERAweek. As might be expected the conference was an occasion for considerable optimism about energy breakthroughs and successes especially in unconventional production. Behind the self-promotion there were nonetheless some notes of alarm in the air…
-Garth Lenz: The true cost of oil (TEDX talk with photos)
-To the Last Drop (video)
-Exxon in spotlight after Papua New Guinea landslide
An awe-inspiring takedown of a sloppy story on the death of peak oil.
Alan Kohler, who is known for his excellent financial graphs on the ABC TV (Australia) 7 pm News came out with an opinion piece on peak oil which does not display the level of research expected from him. Almost no statement in his article can be supported by statistical evidence. No numbers are shown to prove that shale oil can compensate for oil decline in maturing oil fields around the world.
What’s worse, the fight over oil in and between Middle East and North Africa (MENA) countries due to peaking in key countries is completely forgotten. The EIA estimates that despite increasing unconventional oil production the dependency on OPEC oil will not be reduced. Reserves and resources are mixed up and those vast gas reserves are neither used to replace coal nor oil (as transport fuel). The CO2 from an assumed unconventional oil and gas boom will cook us alive.
The problem with such articles is that they contribute to further delay the real transformation away from oil (and fossil fuels in general) which can only be done by massive rail projects and preserving oil where it will be needed most: in agricultural production and transport of food to the cities.