Fossil Fuels

ODAC Newsletter – Jan 14

by

This week saw the release of the full report by the National Commission into the Deepwater Horizon Spill and Offshore Drilling. Last week’s pre-release of Chapter 4 saw blame for the disaster attributed to a culture of complacency around safety both in the industry and its regulators. This week’s full report included the commission’s recommendations…

To protect and serve: interview with Mike Ruppert

by

You may know author Michael Ruppert in one of his many roles as a truth-seeker: the chain-smoking star of the documentary film “Collapse,” the seemingly boundless energy source behind CollapseNet, a former beat cop and police detective and a sometime 9/11 theorist. In this interview, Ruppert reveals a new role as a spiritual seeker, saying that with societal collapse in the offing, “God is on the table.”

The Deepwater Horizon spill report – Jan 12

by

-Oil spill report: Initial analysis
-Disregard for safety led to Deepwater Horizon spill
-Panel Faults Oil Firms, Calls for Better Oversight
-National Oil Spill Commission Finds Right Problems, Issues Wrong Solutions
-Missed Opportunity: Spill Commission Rejected by Drillers

The globe’s limitations: How peak oil threatens economic growth

by

In the second video in the series “Peak Oil and a Changing Climate” from The Nation and On The Earth productions, Richard Heinberg, senior fellow with the Post Carbon Institute, discusses how depleting oil supplies threaten the future of global economic growth. According to Heinberg, historically there has been a close correlation between increased energy consumption and economic growth. If the economy starts to recover after the financial crisis and there is an increased demand for oil but not enough supply to keep up with that demand, we may hit a ceiling on what the economy can do.

2011: Living in interesting times

by

Some economists have high hopes for 2011. The stock market has broken 11,000 and many predict GDP growth. I don’t necessarily see a rising stock market and GDP as indicators of economic health, especially since the vast majority of stock market gains goes to a very small minority of people. The stock market may zoom, GDP may grow, but what will be happening to the majority of people – considering the forces and trends that are in play? Maybe it’s my pessimistic side, but I continue to have some major concerns about the economy…

Peak Coal: the Olduvai perspective

by

Coal will not be able to replace the other fossil fuels. Whether extraction peaks in 2011 or in 2050, the probabilities of coal on its own being able to help the world avoid the Olduvai cliff are slim at best.

Certainly, this fossil fuel can still become more relevant as a fuel in some regions of the world.
This can occur in the US for instance, if reported reserves are anywhere near a geological reality. In such places, coal can provide time for a smoother transition to a fully renewable energy paradigm, but on a global scale, the panorama is entirely different.

For states or nations that are net importers today but do not possess realistic reserve perspectives, the use of coal is more a thing of the past than of the future.

Commentary: The Tierney-Simmons bet

by

Five years ago, John Tierney, a columnist with The New York Times, and Matt Simmons, peak oil guru and founder of energy investment bank Simmons & Co., made a bet. Simmons argued that oil prices would be much higher in 2010. Tierney, a believer in human ingenuity and a follower of economist Julian Simon, took the other position. Simon, a so-called Cornucopian, argued that there would always be abundant supplies of energy and other natural resources and that the real price of commodities like oil would remain stable or decline over time.