Peak oil review – Dec 19
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Europe
-Iran
-Iraq on its own
-IEA’s December oil market report
-Quote of the week
-Briefs
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Europe
-Iran
-Iraq on its own
-IEA’s December oil market report
-Quote of the week
-Briefs
An interview with activist and writer Naomi Klein that captures her thoughts on the Occupy Movement, the tar sands pipeline, and how to prepare for the largest economic shock yet.
It’s all too easy to feel that hope is lost. But with your help, we’re determined to make 2012 the year that resilience built.
2011 has been another turbulent year … looming behind it all — increasingly acknowledged, but still not often addressed — resource, environmental, economic, and social constraints.
For Post Carbon Institute, the question has not been, “What to do?” but rather, “What to do first?” There are so many challenges, all of them interrelated, and so many areas that need attention. Building on the wise counsel of our Fellows, Board, Advisers, Allies, and Supporters, PCI has developed three primary strategies:
The big oil news this week was that OPEC came to an agreement – albeit a bit of a fudge– showing something of a recovery from June’s “worst meeting ever”. Last time around the group failed to agree new quotas and was upstaged two weeks later by the IEA releasing strategic reserves to offset loss of production from Libya.
There are many uncertainties to how a European collapse might unfold, but Europe is at least twice as able to weather the next, predicted oil shock as the United States. Once petroleum demand in the US collapses following a hard crash, Europe will for a time, perhaps for as long as a decade, have the petroleum resources it needs, before resource depletion catches up with demand.
Europe is ahead of the United States in all the key Collapse Gap categories, such as housing, transportation, food, medicine, education and security. In all these areas, there is at least some system of public support and some elements of local resilience. How the subjective experience of collapse will compare to what happened in the Soviet Union is something we will all have to think about after the fact.
As I type this, Big Oil’s representatives in the House and Senate are pushing legislation that would rush approval of the Keystone XL tar sands pipeline. Up until now, President Barack Obama has stood strong, threatening to reject any bill that includes the pipeline.
But in the last hour, some terrible news has begun to leak from Washington, D.C.—President Obama seems to be on the verge of caving on Keystone.
– Shock as retreat of Arctic sea ice releases deadly greenhouse gas (methane)
– Lundberg to McKibben: Combatting the “jobs” argument for the XL pipeline
– Guardian on climate conference: sometimes inching forward looks like progress
– Thoughts on Bruce Sterling: It gets boring being a Cassandra (Bardi)
Too many proposals for dealing with the end of the age of cheap abundant energy either ignore the economic dimension or offer wildly optimistic estimates. The widening spiral of economic dysfunction in today’s industrial societies makes both those stances problematic. We need to consider the possibility that an economic system that has few ways to pursue projects that don’t make a profit will find it impossible to profit from the measures that might ensure its survival.
A midweekly roundup of peak oil news, including:
-Developments this week
As The Big Engine That Couldn’t has faltered for several years, it is becoming increasingly clear the economy is running off the tracks. Both investors and the public are beginning to realize the long-revered goal of endless economic growth is failing. Anger and fear are widespread, as the livelihoods and hopes of ordinary Americans are being destroyed. Anger runs among the “99%” over economic injustices that favor the “1%”. Fear, however, may run among 100% over this question: How do we live when economic growth fails?
– Al Jazeera on World Petroleum Conference in Doha (video)
– Reining In the ‘Soft Costs’ of Solar
– Overview of Low Energy Nuclear Reactions (LENR) – NASA presentation
– Canadian MP, Laurin Liu, proposes sustainable energy strategy
– ASPO-Switzerland: Benzin und Diesel immer teurer
A look at tidal power, which is virtually inexhaustible on relevant timescales, is less intermittent than solar/wind (although still variable), and uses old-hat technology to make electricity. Is it “abundant,” “useful,” or “a waste of time”?