Fossil Fuels

“I think 2011 is going to be an interesting year… in the Chinese sense…” (Heinberg interview)

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First of all, we have a very fragile economy that could come apart, almost at a moment’s notice. Then we have the political situation in the Middle East, which is forcing oil prices up and which could in turn cause the economy to come apart at the seams at any moment. So putting all those things together, it’s a very, very volatile situation. I think 2011 is going to be an interesting year… in the Chinese sense…

As nuclear falters, here is a practical, affordable (and safe) clean electricity plan

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In the wake of the Japanese nuclear debacle, we need a practical and affordable clean electricity plan that does not rely on new nuclear power. This article presents just such a Plan. New nuclear is absent from the Plan not because of any safety concern, but simply because it fails the “practical and affordable” test. President Obama called for “80% Clean Energy” by 2035. This Plan presents how we can do it right.

Memo to market: High oil prices are DE-flationary

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As the European Central Bank prepares to raise interest rates to prevent inflation, the bank cites rising commodity prices, particularly oil prices, as a sign of that inflation. What the bank and other market participants don’t seem to understand is that high commodity prices and, in particular, high oil prices are deflationary.

The oil addiction – March 12

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– Obama Confronts Oil-Policy Critics
– “We Want More Millionaires In America”: With Gas Prices Soaring, Lawmakers Call For President Obama To Stop Picking On Oil Industry
– Demanding Cheaper Oil is Disastrous
– Q & A with geologist Sally Odland
– Should West Help Oil States Kick the Oil Habit Too?

ODAC Newsletter – March 11

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Oil prices were buffeted this week by escalating violence in Libya and fear of further disruption in the Middle East on the one hand, and a new debt crisis in the Eurozone threatening further economic turmoil on the other. In Libya this week the Gaddafi regime has launched a full scale military offensive against the rebels and appeared on Thursday to be gaining the upper hand.

Censored scientists, dirty politics and the nuclear distraction

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NASA climatologist James Hansen’s book, just out in paperback, is a fascinating look at his crusade to get America a rational climate policy before it’s too late. He wants to levy a carbon tax, entirely phase out coal and leave unconventional fossil fuels in the ground. But he also likes nuclear power. Reactor meltdown on Hansen Island?

Review: Disaster on the Horizon by Bob Cavnar

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It’s been nearly six months since BP Plc.’s runaway oil well in the Gulf of Mexico, which caused the largest unintentional offshore spill on record, was finally deemed “effectively dead.” And those six months have brought almost as many books on the disaster. Cavnar’s book has a particular ring of authenticity, and I suspect that’s because he’s the only one of the above authors to have spent a career in the oil and gas drilling business.

No end to the Tunisian contagion and $100-plus oil prices

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There’s a presumption out there that things look tough in the Middle East, but that soon enough — maybe by summer — they will sort themselves out, and becalm the volatile prices of oil and gasoline. Not so, says veteran oil analyst Edward Morse, a student of history who correctly called the 2008 oil bubble while everyone else was still throwing money into the pot. “This is not a one-off disruption,” Morse says. Instead, we’re in a new age of geopolitical risk that threatens to disrupt the region for a decade or even longer.