Fossil Fuels

Dwindling energy resources will put the economy at risk

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Professor Emeritus of Agricultural Economics of the University of Missouri at Columbia John Ikerd argues that humans cannot wait much longer to address the reality that economic growth is unsustainable—because the world is running out of energy resources. “We simply can’t continue to grow at the rate we’ve been growing in the past.”

Cities, Towns, and Suburbs: Local goverment in a time of peak oil and climate change

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Many responses to peak oil urge individual and community solutions, ignoring government. They argue that since government hasn’t done anything to address the problem, citizens and businesses must take matters into their own hands. Some even argue that government is part of the problem, particularly federal and state governments. This attitude is shortsighted.

Energy – April 5

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– Brent jumps to 2-1/2 year peak
– VOA: Libyan Rebels Preparing to Export Oil
– Chomsky: Libya and the World of Oil
– 6 surprising ways oil prices affect you
– BBC: Over a Barrel
– Jim Rogers on the Dangers of Price Inflation, the Promise of Commodities and America’s Continued Decline
– Can ‘peak oil’ help slow climate change?

A film review: ‘Gasland’

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The second half of the oil age will be very, very different from the first half. The first half was awash with cheap, easy-to-find and easy-to-produce oil and gas. The second half will be the story of expensive-to-produce hydrocarbons, from increasingly inaccessible places … Unless we are able to break our addiction to hydrocarbons sooner rather than later, it will be a wretched and increasingly desperate time of squeezing fuel out of anything we can.

 

Commentary: Will we be able to maintain & replace our energy & transportation infrastructure in a post-peak oil world?

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However, when we look at the global economy from the point of view of a long-term decline in global net oil exports, it seems very likely that, to paraphrase a famous quote, what can’t be funded and maintained won’t be funded and maintained; and that the funding and maintenance problem will probably continue to become most apparent in the short term in American suburbia and exurbia.

Japan’s peak oil dry run

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For large parts of eastern Japan that were not directly hit by the tsunami on 11 March 2011, including the nation’s capital, the current state of affairs feels very much like a dry-run for peak oil. This is not to belittle the tragic loss of life and the dire situation facing many survivors left without homes and livelihoods. Rather, the aim here is to reflect upon the post-disaster events and compare them with those normally associated with the worst-case scenarios for peak oil.

ODAC newsletter – Apr 1

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The oil price firmed to around $117 this week as evidence emerged of the impact of the Libyan crisis on the oil supply. Bloomberg reported that OPEC oil output dropped in March as Saudi Arabia failed to make up the loss in production from Libya. Reuters reported that Saudi has unexpectedly called on oil companies to expand its drill count by 30%. It is not clear whether this is in an attempt to add further spare capacity, or whether the kingdom is struggling to raise production.

What President Obama should have said regarding energy policy

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“I am afraid we have not been entirely open and honest about the situation in the past, but I want to make a change, and talk about the real energy situation, and start making plans for a lower-energy world. In the not too distant future–probably within the next 20 to 50 years, but perhaps as soon as the next 10 years, we will need to go back to using just the energy resources that we receive each day to sustain this world. This will require a very different type of society than we have today.”