Peak Oil Review – Oct 3
A weekly review including:- Oil and the Global Economy
-Libya
-Gasoline prices
-Quote of the Week
-Briefs
A weekly review including:- Oil and the Global Economy
-Libya
-Gasoline prices
-Quote of the Week
-Briefs
Joseph Tainter and Tadeusz Patzek are authors of a soon-to-be-released book called”Drilling Down: The Gulf Oil Debacle and Our Energy Dilemma.” This book is not simply the story of the Gulf oil spill (although it does tell this story, quite well). Tainter and Patzek use the story of Gulf oil spill as the background for discussing the energy-complexity spiral, and its relationship to this accident.
Even as symptoms of peak oil begin to manifest themselves, the public remains ignorant that stringency in oil supplies lies at the heart of them (though peak oil is admittedly part of a complex web of problems related to our broader energy and resource use). Why is this so?
From the long view the level of oil production on a graph in this decade may well look like a peak. But from closer in, as we experience it day to day, month to month, and year to year, production may seem to be on a long, bumpy plateau.
“There are no solutions, only responses,” says EHS professor Brian Schwartz, co-director of the Program on Global Sustainability and Health and a nationally recognized expert on the health consequences of peak oil. “You can deny climate change forever, but you can’t deny the rising price of oil. The limitations to ever-increasing production are a geologic reality.”
The coming era of petroleum scarcity is “probably the most underreported issue of our time,” says Schwartz, MD, MS. He and Bloomberg School colleagues have spent much of the past decade looking at how ever-more-costly petroleum will affect some of the key drivers of public health, and what strategies we should adopt now to minimize future health consequences.
– How North Dakota Became Saudi Arabia (& Jeffrey Brown’s rebuttal)
– Deepwater Gulf of Mexico: Reserves versus Production
– Cockburn: ‘Peak Oil’ Takes A Deadly Blow
– Winnow out biases in energy issues tome (Yergin review)
The global economy is headed toward collapse, revolutions are breaking out across the Middle East, famine is ravaging Africa and the world is approaching a peak oil crisis. No, these are not headlines ripped from the news; these are the challenges facing Windows and Mac gamers in “Fate of the World: Tipping Point from Red Redemption.”
This hardcore strategy game puts players in hypothetical situations within a realistic world, with threatening scenarios based on the latest science and modeling technologies covering the next two centuries. Players must balance economic, political and environmental needs in order to save the world (or destroy it).
The debt crisis and the war in Libya continued their push and pull on the oil price this week with the outlook currently weakening over fears of a Eurozone recession. Despite this Brent continues to trade at over $100/barrel – around double the price at which any previous economic recovery has occurred. The rising cost of energy is playing out in a number of ways…
– “Rome didn’t collapse in a day” – adult comic about one man’s awakening to peak oil
– Is Yergin Correct about Oil Supply? by Gail Tverberg (an Opinion the WSJ did not run)
– Forget about peak oil (Yergin interviewed by “Salon”)
– The UK’s North Sea production declines below 1 million barrel per day
For a change, here is a non-Cassandric post. The growth of photovoltaic and wind energy has been impressively fast during the past 2-3 decades. We have generated an energy revolution: renewable power has a market and it grows. It is a revolution that can’t be stopped any more.
– Slow Money brings slow food values to investing
– Remembering Wangari Maathai
– The Pioneers of Our Climate, Water and Food Security (small decentralized approaches)
– Robert Socolow: Climate Wedges reaffirmed
Bill McKibben’s latest book is a well-chosen and arranged collection of climate-related writings by the likes of James Hansen, Al Gore and George Monbiot, which McKibben edits and introduces. Significantly, the book contains writings by Inhofe and his ilk as well, the better to understand “the lines of attack climate deniers have used over and over,” in McKibben’s words,
Journalist Mason Inman does what the mainstream media won’t: he gives a balanced, critical look at the claims of energy historian Daniel Yergin about peak oil. (Latest in a series. )
#3 – We’re finding oil faster than we’re using it?
#4 – Only the pessimists have been wrong?
#5 – Peak oil = running out of oil?