Energy Policy

Resilient people, resilient planet: a future worth choosing

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Now more than ever, leaders need to focus on what matters most – the long-term resilience of people and the planet – the High-level Panel on Global Sustainability urged in its report presented today to UN Secretary-General BAN Ki-moon in Addis Ababa.

The 22-member Panel, established by the Secretary-General in August 2010 to formulate a new blueprint for sustainable development and low-carbon prosperity, was co-chaired by the presidents of Finland and South Africa. The final report contains 56 recommendations to put sustainable development into practice and to mainstream it into economic policy as quickly as possible.

(excerpts from the final report)

Why climate change will make you love big government

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Climate-change calamities, devastating for those affected, have important implications for how we think about the role of government in our future. During natural disasters, society regularly turns to the state for help, which means such immediate crises are a much-needed reminder of just how important a functional big government turns out to be to our survival.

ODAC Newsletter – Jan 27

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President Obama exuberantly embraced America’s new oil and gas frontier this week in his State of the Union address. Clearly aiming to steal some Republican election thunder, he pledged to open 75% of potential oil and gas resources, and repeated claims that the US is sitting on enough natural gas to last for 100 years (see insightful commentary on the numbers behind this from Chris Nelder, and more on gas prospects from David Strahan.

Oil prices, exhaustible resources, and economic growth: report extract

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This chapter explores details behind the phenomenal increase in global crude oil production over the last century and a half and the implications if that trend should be reversed. I document that a key feature of the growth in production has been exploitation of new geographic areas rather than application of better technology to existing sources, and suggest that the end of that era could come soon. The economic dislocations that historically followed temporary oil supply disruptions are reviewed, and the possible implications of that experience for what the transition era could look like are explored.

Article in Nature: “Oil’s tipping point has passed”

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The prominent scientific journal Nature has just published an article that supports what we in the peak oil world have been saying for years.

James Murray of the University of Washington and David King of the University of Oxford say that global oil production peaked in 2005 at about 75 million barrels a day.

The “supply of cheap oil has plateaued,” said King. “The geologists know where the source rocks are and where the trap structures are,” according to Murray. “If there was a prospect for a new giant oil field, I think it would have been found.”

(Excerpts from news articles about the article.)

After the nuclear disaster, Japan considers a green future

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Last March, a 9.0 magnitude earthquake and subsequent tsunami left nearly 20,000 dead or missing and destroyed 125,000 buildings in the Tohoku region of Japan. The two disasters also caused three reactors at the Fukushima Daiichi nuclear power plant to melt down, which released dangerous levels of radiation into surrounding areas and led to national power shortages. Tokyo’s iconic neon signs were switched off as rolling blackouts spread across the country. Faced with the greatest reconstruction task since World War II, Japan is asking difficult questions about the future of its energy supply and just what sort of society should emerge from the ruins.

A jump start for the clean economy

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Every state can create clean energy funds, or CEFs, which are typically supported by a small surcharge on monthly electricity bills. So far 22 states have done so, generating $2.7 billion overall for the clean technology sector during the past decade. Most have used the money to install tens of thousands of solar panel arrays, wind turbines and biomass facilities.

Commentary in Nature: Can economy bear what oil prices have in store?

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Stop wrangling over global warming and instead reduce fossil-fuel use for the sake of the global economy.

That’s the message from two scientists, one from the University of Washington and one from the University of Oxford in the United Kingdom, who say in the current issue of the journal Nature (Jan. 26) that the economic pain of a flattening oil supply will trump the environment as a reason to curb the use of fossil fuels.

The “tipping point” for oil supply appears to have occurred around 2005, says James W. Murray, UW professor of oceanography. The commentary concludes: “This will be a decades-long transformation and we need to start immediately. Emphasizing the short-term economic imperative from oil prices must be enough to push governments into action now.”

Obama falsely claimed U.S. oil production at an all-time high

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Giving false hope, Obama claimed several times last year that U.S. oil extraction was at an all-time high, when actually it’s in a long-term decline. Whatever people say about the future, at least I hope we can be honest about the past, and put our current position in a long-term perspective. That’s not too much to hope for, is it?