Peak oil review – May 9
A weekly roundup of peak oil news, including:
-Oil and the global economy
-China
-Disturbing reports
-Briefs
-Quote of the week
A weekly roundup of peak oil news, including:
-Oil and the global economy
-China
-Disturbing reports
-Briefs
-Quote of the week
The ASPO conference was back to the old continent with a joint organization by ASPO-Belgium and ASPO-Netherlands. Set at the political heart of Europe with an ambitious programme that called in many speakers outside the ASPO circle, even outside the ASPO view of the world, the expectation was high.
The Energy Report aligns with several others in recent years in confidently claiming that we could transition to full reliance on renewable energy, without any disruption of high material living standards or the pursuit of economic growth. These reports are typically quite impressive involving glossy formats with lots of coloured graphs and pictures, a large cast of heavy-weight authors, and a long list of high-powered endorsements.
With the environmental crisis, we’re now in a situation where we can decide whether biologist Ernst Mayr was right or not. If nothing significant is done about it, and pretty quickly, then he will have been correct: human intelligence is indeed a lethal mutation. Maybe some humans will survive, but it will be scattered and nothing like a decent existence, and we’ll take a lot of the rest of the living world along with us.
– Protests Against Forced Eviction from US-Backed Coal Mine Continue in Bangladesh
– Shell and Cairn Energy Announce ‘Risky’ Drilling Plans in Arctic
– Why is the UK backing biomass power?
Barbastro seemed to be willing to tackle wider questions and to ask unmentionable questions; for instance, do we really own everything in this planet? If we are justified in poisoning people in order to produce combustible liquids and gas, why don’t we jump to the ultimate consequence and turn human corpses into oil? Some talks in Brussels were frankly scary, but in Barbastro some presentations made you feel like running away screaming.
– Oil’s Plunge, Dollar’s Rise Trigger Broad Selloff
– It’s Time for Obama to Spook the Oil Markets (by opening the SPR)
– Michele Bachmann is wrong about oil
According to The Times, Iraq’s oil ministry is to reset its oil production target for 2017 reducing it down from 12 million barrels per day to between 6.6-7 mb/d. The news is of no surprise to anyone (with the possible exception of Donald Trump)…
On Tuesday 3 May The Greens and the European Free Alliance arranged a Peak Oil seminar in the EU Parliament entitled: Peak oil: Weaning Europe off its oil addiction.
At some point in the future, perhaps even that soon, politicians and Administrators are going to complain “but nobody told us!!” and rush to blame the industry yet again. But the truth is that there was a group that was keeping the records, and who could tell those with the responsibility to fix it that there was a problem. And the Administration just closed it down. We will regret that lack of information and the warning messages that it would have brought.
– Act now on peak oil or curtail mobility, says European Commission
– The Mother Of All Price Signals Is Upon Us, Says Investor Jeremy Grantham
– Big oil price swings are here to stay (video)
– Russia halts petrol exports
The 9th ASPO conference is the only international conference exclusively dedicated to fossil fuel depletion and its economic and social consequences. The (currently available) links to ASPO 9 Conference Presentation slides + video’s can be found in PDF format in the program table below.