Peak oil review – July 25
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Libya
-China
-Iran – India
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A weekly roundup of peak oil news, including:
-Oil and the global economy
-Libya
-China
-Iran – India
Between April last year and March this year, the world was struck by three Black Swan events that ‘everyone’ knew would happen, yet, strangely, seemed unprepared for when they did. The Gulf of Mexico oil leak, the political upheavals in the Middle East and North Africa (Mena) region and the earthquake-tsunami-nuclear tragedy in Japan are already inflicting history-altering impacts, not the least, because they have significantly and immediately reduced the world’s supply of cheap energy.
At a time when sustainability is key to future operations it can be questioned whether the injection of toxic chemicals in the underground should be allowed, or whether it should be banned as such a practice would restrict or exclude any later use of the contaminated layer (e.g. for geothermal purposes) and as long-term effects are not investigated. In an active shale gas extraction area, about 0.1-0.5 litres of chemicals are injected per square metre.
This holds even more as the potential shale gas plays are too small to have a substantial impact on the European gas supply situation.
The present privileges of oil and gas exploration and extraction should be reassessed in view of the fact that the environmental risks and burdens are not compensated for by a corresponding potential benefit as the specific gas production is very low.
Dreams of exploiting mineral wealth on other celestial bodies lurk not only in the minds of young boys, but also in the minds of intelligent and completely sane adults. The most recent iteration of this dream comes from scientists working on fusion energy.
In the several years or so since peak oil began generating significant literature and debate, it has attracted a diverse array of thinkers. To name a few, there are insiders like Colin Campbell and Ken Deffeyes who sounded the first warnings; a clinical psychologist in the field of “peak oil blues,” Kathy McMahon; an archdruid practiced in nature’s less readily perceptible energies, John Michael Greer; and a couple of highly engaging social critics, Jim Kunstler and Dmitry Orlov. Richard Heinberg’s distinction is that he’s hands-down the most prolific peak oil author, now having written half a dozen books on the subject and a few others touching on it tangentially. His latest, The End of Growth, is yet another grand performance.
Thirty days on from its decision to release reserve oil stocks, the IEA announced Thursday that it will take no further action for the moment. This, along with positive news from the latest European emergency summit, and signs from Washington that the US may avoid its looming self-inflicted default, saw oil prices strengthen to more than $118/barrel.
Checkout what went on at our latest web chat with Bill McKibben, David Hughes and Kate Sheppard.
At last count there were at least a dozen mega dangers looming on the horizon all of which have the potential to change the nature of global civilization in profound ways. Yet the body politic seems to take little or no notice and concerns itself largely with issues that will soon be swept away by change. These dangers range from the depletion of our fossil fuel and mineral resources, to shrinking food and water supplies, to rising oceans, to political upheavals.
A midweekly roundup of peak oil news, including:
-Developments this week
-Japan’s nuclear industry
The heating of Earth remains the most urgent symptom of humanity’s mismanagement of our technological civilization. Desperately seeking answers for a low carbon energy regime, some observers propose a “nuclear renaissance” to replace hydrocarbons. Nuclear companies, nations, and advocates offer nuclear as a possible “low-carbon” energy path. However, the evidence in hand shows that nuclear energy is not the solution to humanity’s energy needs that many hope for. Here are the reasons…
A spanish translation of the Post Carbon Institute report ‘The Food and Farming Transition: Toward a Post-Carbon Food System’.El sistema alimentario norteamericano descansa sobre unas bases inestables de insumos de combustible fósil masivos. Ante la disminución de las reservas de combustible el sistema alimentario se debe reinventar. El nuevo utilizará menos energía, y la energía que use vendrá de fuentes renovables. Podemos empezar la transición al nuevo sistema inmediatamente mediante un proceso de cambio planificado, graduado y rápido. La alternativa no planificada –la reconstrucción desde la base tras el colapso- sería caótica y trágica.
The UK desperately needs a new energy strategy based on a realistic assessment of its assets, its needs and the options available to it. Unfortunately, its freedom for technical and financial manoevre is deeply restricted by its self-imposed Climate Change Act and its commitment to the EU’s 20-20-20 targets.