Peak oil notes – October 20
A midweekly roundup of peak oil news, including:
-Developments this week
-Futures
A midweekly roundup of peak oil news, including:
-Developments this week
-Futures
A new report from Greenpeace calls for the complete closure of all Japanese nuclear power plants by 2012. The report was released at the same time as the new Prime Minister, Yoshihiko Noda, was making his first policy speech to parliament calling for the restart of all reactors that are currently offline due to routine safety checks and maintenance.
Canada has joined the ranks of exporting oil nations and now supplies more petroleum to the United States than Mexico or Saudi Arabia. The unconventional character of mined bitumen as well as the startling revenue it generates for government coffers has irrevocably changed the country. Five per cent of the nation’s GDP comes from oil while bitumen makes up 25 per cent of the nation’s exports. As the wild debate about the Keystone XL pipeline illustrates, Canada’s $200-billion energy project has also become a global lightning rod. No oil exporting nation, whether Christian or Muslim, is immune from the corrosive influence of oil money and its dirty politics. Yet Canada has anointed bitumen as the nation’s new “economic engine” without setting clear public policy goals or assessing the economic risks.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Middle East
-China
-The Oil Market Report
-Quote of the week
-Briefs
Peak Oil predictions range from the year 2000 to 2100 with the highest concentration of forecasts from 2005 to 2016. Confidence in international oil reserves data is lacking. As such, different forecasters make different assumptions about future undiscovered oil amounts and oil reserves, resulting in a wide range of peak oil estimates. Viewing this wide time disparity in forecasts as problematic, the research objective was to look for an economic cross-check indicator, metric, or alternative data-based means to corroborate or refute existing peak oil estimates.
– IEA chides MENA producers to increase output capacity (Jeffrey Brown comments)
– World’s top energy provider is beginning to look beyond oil
– Saudi oil Saudi energy demand to double by 2028
– Irish student newspaper tackles peak oil and climate change
– The Depression: If Only Things Were That Good
– Adjusting the economy to the new energy realities of the second half of the age of oil
– The Ecology of Marxian Political Economy
Both the IEA and OPEC cut their oil demand forecasts this week for 2011 and 2012 on the worsening economic outlook…
A midweekly roundup of peak oil news, including:
-Developments this week
-The oil market report
The September 2011 issue of the American Journal of Public Health offers several papers on peak oil. Ten years ago this special issue would have been revolutionary; five years ago it would have been an urgent warning. Its appearance in 2011, however, leaves this participant/observer disappointed.
When gas fracking and other “unconventional” energy resources are discussed in the media the focus is usually on the technology used to produced the energy, or the impact this might have on the environment. In fact, the significant feature of the exploitation of unconventional energy resources is that our present energy situation is so precarious that companies and governments consider these valid energy sources; public interest demands that this aspect of the problem be examined.
Increasingly, those of us who were ready to move with President Obama four years ago are deciding to leave normal channels and find new forms of action. Here’s an example: by year’s end the president has said he will make a decision on the Keystone XL pipeline, which would carry crude oil from the tar sands of northern Alberta to the Gulf of Mexico.
The nation’s top climate scientists sent the administration a letter indicating that such a development would be disastrous for the climate. … But every indication from this administration suggests that it is prepared to grant the necessary permission for a project that has the enthusiastic backing of the Chamber of Commerce, and in which the Koch Brothers have a “direct and substantial interest.”