Earth in trouble – 1 July
-Oil, water shortages, climate change could provoke wars: report
-Sylvia Earle: If the sea is in trouble, we are all in trouble
-Like a grenade in a glasshouse
-Peak oil is ‘getting closer’ but the world is not ready
-Oil, water shortages, climate change could provoke wars: report
-Sylvia Earle: If the sea is in trouble, we are all in trouble
-Like a grenade in a glasshouse
-Peak oil is ‘getting closer’ but the world is not ready
Looking at the oil supply & demand fundamentals, next year looks like an accident waiting to happen. If economic growth in emerging economies remains on track, and that is a big If, the next oil price shock will occur in 2012.
If biomass can help power plant owners ease away from coal faster, that is certainly a good thing. The Dominion announcement is particularly relevant given the number of planned plant retirements in the coal industry – there are currently 190 generators around the U.S. set to be shut down, and there’s a dwindling appetite to replace them with more coal.
A 30-year war for energy preeminence? You wouldn’t wish it even on a desperate planet. But that’s where we’re headed and there’s no turning back.
Bahrain wouldn’t seem to have a lot to offer, except that it seems to offer something for a million people (half of which are guest workers) living on a desert island. Why is it generating so much interest? Is there any oil left there? In this article, I will discuss some recent developments between Bahrain and its neighbors in the context of its long history.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Tapping the reserves
-China
-Quote of the week
-Briefs
The public’s understanding of oil supply issues has not been enlightened by media coverage. From my perspective, the media does a terrible job of providing factual information concerning oil supply and oil price issues. Aspects of these issues appear to be taboo even for a media outlet such as National Public Radio which supposedly has the objective of educating the public about important societal issues.
Writing this book has been a fascinating work. Re-examining the story of “The Limits to Growth” opens up a whole new world that urban legends and propaganda had tried to bury under a layer of lies and misinterpretations. We all have heard of the “mistakes” that the authors of LTG, or their sponsors, the Club of Rome, are said to have made. But LTG was not “wrong”: nowhere in the 1972 book you find the mistakes that are commonly attributed to it.
Global leaders are now implementing another stimulative measure that they hope will prevent the economy from teetering over into recession once again: lowering oil prices through the coordinated release of 60 million barrels of oil into the market from government-run strategic petroleum reserves. The move seemed to have the desired effect as oil prices fell more than 5 percent after the announcement. The question is: Why did they wait until now?
There has been a lot of commentary within the peak oil movement as of late noting that the concept seems to be creeping ever closer to mainstream acceptance. While we should be heartened that the logic of our arguments is finally beginning to shine through the fog of denial and obfuscation, we also need to remind ourselves that we still have a long way to go before any major political leader will be willing to come out and flatly acknowledge the truth. So how will we know when that happens? I suspect it will be when we hear this phrase uttered in connection with peak oil: “Nobody could have predicted…”
The oil market was plunged into turmoil as the IEA announced it will tap its strategic reserve for only the third time ever. The agency had hinted in the past months that it might be prepared to release stocks to offset the shortfall in production from the Libyan crisis, to calm prices and avoid a “hard landing” for the global economy.
We must be honest with the public. Oil prices are headed much higher over the next 5 to 10 years unless we jumpstart the transition to low-cost alternative fuels, something even oilman T. Boone Pickens has said.