Insight and inspiration in turbulent times.
The New Year failed to ring in the customary changes this time round. The great economic hangover moves into its fourth year with many predicting that things will take a turn for the worse during 2012. Geopolitically, the standoff between the West and Iran escalated over the holiday, hoisting oil prices over $113/barrel once again.
-Canadian crude oil production to increase 3300% by 2100
-Burning Oil to Keep Cool: The Hidden Energy Crisis in Saudi Arabia (report)
-A perilous and crucial quest – video interview with Daniel Yergin
-Brazil, short of biofuel, can’t open spigot to US
Richard Heinberg joins James Howard Kunstler, Nicole Foss, Dmitri Orlov and Noam Chomsky in a panel discussion. Reviewer: "These extraordinary clearseers analyse precisely the catastrophic crises which — amongst many other things — are bringing on the steady, relentless collapse of the US empire."
(Transcript and audio)
The year ended with little change in the assessment for the prospects for global oil supplies. Despite all the hype concerning new oil finds and technological breakthroughs in oil production, these developments still are not contributing enough new oil to offset the annual decline of 3 million b/d from existing fields and the annual increase of circa 1 million b/d of new demand. The bottom line among those following this issue is that global oil production likely will start to decline in the next one to five years as depletion gets ahead of very-costly-to-produce new sources of “oil.”
Co-operatively-owned energy generation is a vibrant and growing sector in the UK. The first co‑operatively-owned wind turbines, Baywind in Cumbria, started turning in 1997. Since then, over 7,000 individual investors have ploughed over £16 million into community-owned renewable energy. This report summarises insights gained from visits to five co-operatively owned energy projects during the summer of 2011.
My resolution for 2012 is to be naive — dangerously naive.
– NYT: Oil Price Would Skyrocket if Iran Closed the Strait of Hormuz
– RT: Crude Plan: Iran war & double recession? (video)
– Iran could be bluffing in the strait of Hormuz – but can US risk calling it?
-Josh Fox, Director of Gasland, on the Lies of Hydrofracking
-What the Frack?
-Ohio earthquake was not a natural event, expert says
-Ohio Quake Spurs Action on 5 Wells, Won’t Stop Oil and Gas Work
-Fracking Rules Show Obama on ‘Wrong Track,’ Oil Group Says
Let’s make this clear from the beginning: The Post Carbon Reader is not an easy read. Indeed, if you’re looking for a breezy take on the end of the world, I would instead recommend World War Z. But whereas Max Brooks’s novel is a gore-drenched take on the zombie apocalypse, I’d state that The Post Carbon Reader is much more horrifying. There is little to fear of a rise of the undead. But throughout the Reader’s 450+ pages, it becomes clear just how and in what manner we are collectively destroying our fragile planet. … That said, The Post Carbon Reader is an essential read, for no other purpose to have the quotable facts and information readily available.
– EU agrees Iran oil embargo
– Iran’s Real Weapon Of Mass Destruction Is Oil Prices
– Iran prepares bill to bar foreign warships from Persian Gulf
– Obama Seeks to Distance U.S. from Israeli Attack (Iran)
– Iran’s new show of force
– Tehran Times: U.S. presence in Persian Gulf is damaging: Iran defense minister
– Nuclear Fuel Test Won’t Hasten Iran Bomb: Experts
– NYT: Iran Warns the United States Over Aircraft Carrier
– Oil up 3 percent on Iran warning and U.S., China data
– Iran risk accounts for up to $10-15 of oil price: Reuters’ Kemp (video)
– Crude Oil Prices Could Rise This Year, But Prices Could Be Very Volatile
– Conflict in Straits of Hormuz? $200 a Barrel Oil?
The Royal Town Planning Institute (RTPI) describes itself as “the UK’s leading planning body….” It recently released a 59-page discussion paper on Peak Oil, partly in preparation for a forum on this issue which is scheduled for January 17th in London.
