Peak oil notes – Dec 16
A midweek roundup of peak oil news, including:
-Developments this week
-China
A midweek roundup of peak oil news, including:
-Developments this week
-China
I’m starting to think that the oil markets in 2010 are just a more chaotic version of the markets as they were in 2007. You will recall that in 2007 oil the price was rising, demand was outstripping supply, OPEC said the markets were well-supplied, and would not raise output quotas and the Venezuelans were saying $100/barrel was a fair price for oil. Most of this has happened just in the past week.
This article is in response to last month’s article by Kathy Leotta and her colleagues, Observations on local governments’ preparedness for fuel supply disruptions. First, I congratulate Kathy on her earlier research and thank her for reviving this neglected topic in her most recent paper. The purpose of my submission is to support and supplement various observations made by the Leotta team.
The literature on Liquid Fuel Emergencies is considerable, dating back to rationing during World War Two. The Government Accountability Office (GAO) in the USA did some exceptional work for two decades (1975- 1994). Unfortunately, there have been relatively few studies during the past 15 years, with the notable exceptions of the comprehensive analysis by Alan Smart for the Government of Australia and Kathy’s research in the USA.
America is in the doldrums and President Obama risks becoming a one-term president. For too long politicians have treated the words “peak oil” as political cyanide. But could coming clean about the world’s energy challenge be just what Obama needs to save his presidency while giving America a boost at the same time?
A year ago peak oil author Dave Cohen christened 2009 “A Year We Will Live To Regret.” But as it happens, 2010 has brought its own mother lode of discouragement, failure and tragedy. It began on the heels of the bungled climate change summit in Copenhagen, a major blackout in southern France and news of a disastrous crash in Yemen’s oil revenues. Before the year had rounded its halfway mark, it had presided over the Deepwater Horizon oil spill, the worst environmental disaster in U.S. history. And as if all this weren’t enough, 2010 also saw the sudden and unexpected death of one of the very icons of the peak oil movement, the revered Matthew R. Simmons.
Global Public Media’s Julian Darley speaks to David Hughes, geologist with Natural Resources Canada, about global and North American oil and natural gas supply issues.
This report is a synthesis of the current state of knowledge on energy resources and global climate and environmental change. The findings clearly indicate that the convergence of peak energy resources and dangerous anthropogenic climate and environmental change will likely have a disastrous impact in the near- and long-term on the quantity and quality of human life on the planet
[Excerpts from a free online book from a group at University of California at Santa Barbara.]
Among the most compelling nuggets of information contained in the batch of United States diplomatic documents released by WikiLeaks and published in leading international newspapers is the list of installations in more than fifty countries which the state department in Washington deems to be a US security concern.
Without increased revenue, legislatures will have no choice but to make deep cuts in spending. Some argue that peak energy in general, and peak oil specifically, implies that the current levels of revenue are a “new normal.” If that is the case, the cuts made next year may well be permanent. … As a member of a state legislative budget staff, I helped with new member orientation every two years… This essay provides an accessible (and hopefully interesting) look into the possible consequences of the budget crises on state government spending.
An alternative agricultural model based on polycultures of perennial crops will likely be more than just a ‘good idea’ in the coming post-carbon era – it’ll be a damn NECESSITY. So grab your shovels, America — it’s time to begin the transition to an agriculture that stands a chance.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The IEA’s Oil Market Report
-Forecasts
-US gasoline prices
-Managing China’s Economy
-Quote of the Week
-Briefs