Fossil Fuels

Digging out the truth about Saudi oil

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A senior Saudi Arabian oil official said in 2007 that the kingdom has 388 billion barrels of recoverable crude oil reserves, about 45 percent more than official public estimates. But about the same time, a retired Saudi Aramco executive met with U.S. diplomats in Dhahran, and asserted that Saudi figures in general are wildly overblown, and that his country is headed for a production peak around 2020, followed by a slow decline, according to new Wikileaks cables. The issue is pivotal.

Energy funds, energy flows

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The recent report from World Wildlife Fund insisting that the world can transition to renewable energy while maintaining current developed world lifestyles and abolishing Third World poverty is simply one more in a long series of loudly heralded cornucopian fantasies well detached from the hard realities of the industrial world’s predicament. The sheer amounts of cheap energy that modern civilization has to hand has blinded too many people to the fact that “vast” and “infinite” are not synonyms — and that blindness has significant implications for the near future.

To ‘Frack’ or not to ‘Frack’?

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Ohio, the home of John D. Rockefeller’s Standard Oil, and site of the world’s largest oil-producing provinces in the late 19th century, is again at the center of the action in domestic fossil fuel production as a controversial drilling technique, known as fracking, is draining Ohio’s remaining oil and gas reserves. With global oil production peaking and the number of new large oil finds dwindling, is increased domestic production in Ohio and other states through fracking a vital contribution to our energy security, or a fate to be fought?

Book review: “The Tyranny of Oil” by Antonia Juhasz

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Before we can hope to prepare the US for climate change and peak oil, Antonia Juhasz says citizens can and must break the power of Big Oil in Washington. Until we dislodge America’s “oiligarchy,” any plan to ramp up clean energy and conservation is doomed to fail. Oil may be the most powerful industry on Earth, but Juhasz thinks that if we break up Exxon, Chevron and the other oil majors in the style of Standard Oil, AT&T or Enron, we take bring Big Oil back down to a manageable size and take back America’s energy future.

Review: Localisation and Resilience by Rob Hopkins

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The dissertation is a case study of the first official Transition Town, the English market town of Totnes, long a popular tourist destination known for its alternative culture. Using interviews, focus groups, questionnaire surveys and other social science research methods, the study examines the degree to which the Transition ideals of localization and resilience have become a reality in Totnes. (Transitioners endorse a number of upbeat definitions of a resilient community, a popular one being “[a] culture based on its ability to function indefinitely and to live within its own limits, and able to thrive for having done so.”*)

Egypt and the thirst for oil – Feb 7

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– “Walk like an Egyptian” – the Egyptian Revolution: Jan 25, 2011 (video)
– Oil falls on unfounded Egypt report, profit-taking
– Civil unrest in Middle East, concern among investors
– We All Helped Suppress the Egyptians. So How Do We Change?
– Clinton rings alarm bells about Middle East – oil reserves running out
– Egypt and the Global Oil Market: Geopolitics Is Back
– Jan Lundberg: Arab World’s Turmoil May Spell Sudden Petrocollapse