Energy Policy

Book review: Beyond Oil Bust: Investigating Oil Economics, Society and Geopolitics

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In their recently published book ‘Beyond Oil Bust’ two researchers of the University of Nicosia [Cyprus], James Leigh and Predrag Vukovic analyze the dramatic changes in the supply and demand of one of the most important sources of energy, oil, and they point to possible negative repercussions for the geopolitical map of the world. The authors first of all analyze the role of oil in the world economy starting from the first years of the twentieth century till today.

ODAC Newsletter – Aug 5

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An eleventh hour political deal on the US debt crisis this week turned out to be just a stepping stone in the ongoing economic and fiscal crisis. By Thursday markets were plunging again on fears that Italy or Spain may default, and on the growing anticipation that the US may be returning to recession after Q1 GDP growth numbers were revised down from 1.9% to 0.4%.

Peak oil perceptions: how Americans view the risks of major spikes in oil prices

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A strong majority of Americans say it is likely that oil prices will triple in the coming five years and that such a tripling would be harmful both to the economy and to public health. Conservatives and those dismissive of climate change are among the most concerned by the threat of a major spike in oil prices, suggesting that a broad cross section of Americans may be ready to engage in dialogue about ways to manage the risks associated with peak petroleum.

Why you can’t fight climate change without peak oil

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Clive Hamilton has been researching energy and its problems for years. But judging by his book on why the world’s governments have failed to slow industrial society’s slide towards climate disaster, Hamilton is either willfully ignorant of peak oil, or too scared to talk about it. But like too many people who care about climate change, he’s only getting half the story — and helping to handicap the climate movement in the process.

ODAC Newsletter – July 29

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Profits were up at the supermajors again in Q2 as high oil prices offset the rising cost of new production. Shell’s Peter Voser said that high prices were having an effect on demand for oil, especially in Europe – this could be seen reflected in flat UK growth figures and weak numbers even for major German manufacturing companies.

The scourge of ‘peak oil’

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Energy derived from oil reaches, quite literally, every aspect of our lives. From the clothes we wear, to the food we eat, to how we move ourselves around, without oil, our lives would look very differently. Yet oil is a finite resource. While there is no argument that it won’t last forever, there is debate about how much oil is left and how long it might last.