Fossil Fuels

Energy – Sept 12

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-Wind could meet many times world’s total power demand by 2030, Stanford researchers say
-EU proposal would limit use of crop-based biofuels
-Indian blackout held no fear for small hamlet where the power stayed on
-Asia Risks Water Scarcity Amid Coal-Fired Power Embrace

Review: Too Much Magic by James Kunstler

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…Kunstler has a new work of social criticism titled Too Much Magic, his first nonfiction book since The Long Emergency came out in 2005. The book is an inquiry into a skewed, delusional perception of reality that Kunstler thinks has become “baseline normal for the American public lately.” Americans, he says, have been led astray by the incredible technological advancements of recent times. We’ve come to believe that any problem we face is solvable—as if by magic—with the application of some new technology.

The Magic of Shales

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Under the Securities and Exchange Commission’s (SEC) new rule for oil and gas, companies have been allowed much greater freedom to book reserves. On the surface, there is a good argument to be made for expanding the definition of allowable booked reserves. But in practice, this may have opened the door to false valuations of shale assets.

Our years of magical thinking: interview with James Kunstler

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“Everybody’s got a plan until they get punched in the mouth.” — Mike Tyson

“That’s a pithy way of saying where our country, perhaps the developed world, is at right now,” notes author James Howard Kunstler. We’ve blown past the mileposts for global peak oil, says Kunstler in his new book, Too Much Magic: Wishful Thinking, Technology and the Fate of the Nation, and we expect technology to save us.