Fossil Fuels

The peak oil crisis: Is $50 oil in the offing?

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In the last few weeks, there has been an upswing in articles emanating from prestigious commentators, such as the American Enterprise Institute (AEI), and Fortune magazine, which attempt to debunk the notion that the world’s oil supplies may start to fall in the next few years.

The Long and the Short of It: Existential Comfort in the Age of Hopkins and Greer, Part III

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There is in Greer no sense that we are a singular people standing at a singular moment where history has opened up to provide us with breath-taking possibilities: “Human societies, like fence lizards, are organic systems, and they respond to changes in their environments in much the same way” (85); “history is an ecological phenomenon, governed by the same laws as other processes in nature” (241). Thus we aren’t going to be confronted with a fork in the road, the road less travelled made famous according to the predominant misinterpretation of the Frost poem, with a moment to act or not, as the opening lines of The Handbook suggests.

What kind of jobs?

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Jobs, yes, but what kind? While Obama proposes to build highways (with some runways and railbeds thrown in), and the national GOP continues to say “no,” what are local politicians doing? Some crucial economic steps could be taken only by the feds, but is there anything to be accomplished meanwhile on the state or county levels?

Deep in Ecuador’s rainforest, a plan to forego an oil bonanza

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Ecuador’s Yasuni National Park is one of the most biodiverse places on Earth and is home to remote Indian tribes. It also sits atop a billion barrels of oil. Now, Ecuador and the United Nations are forging an ambitious plan to walk away from drilling in the park in exchange for payments from the international community.

Global oil supplies as reported by EIA’s International Petroleum Monthly for September 2010

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My post is mainly an update to OPEC’s Spare Crude Oil Capacity – Will it Disappear by the End of 2011?, based on data which the EIA reported in the past few days. I will also briefly present updates to recent developments in OECD and Non OECD oil supplies/consumption.

Interview with Bob Hirsch on his team’s new book—“The Impending World Energy Mess”

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Robert L. Hirsch, Roger Bezdek and Robert Wendling have coauthored a new publication, this time a book called “The Impending World Energy Mess: What It Is and What It Means to You,” a book to be released by publisher Apogee Prime late this month…He has spent his entire career working in the energy realm, from the oil sector to numerous forms of electric power generation. In 2005, this team published “The Peaking of World Oil Production: Impacts, Mitigation and Risk Management.” Steve Andrews caught up with Bob Hirsch last week for Steve’s last interview and final work with the Peak Oil Review.

ODAC Newsletter – Sep 10

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Wednesday saw the release of BP’s Deepwater Horizon Accident Investigation report – the company’s version of the events that led to the explosion of the Deepwater Horizon oil rig. BP admits responsibility for some of the list of technical and human failures which it says led to the disaster, but also heaps blame on both the rig owners Transocean and contractors Halliburton…

Trend break in oil supply

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The enthusiastic professionals in Paris report that: “Global oil supply fell 250 kb/d to 86.8 mb/d in August, as non-OPEC output dipped to 52.4 mb/d on seasonal maintenance in Canada, the UK and Russia.” As often, the agencies don’t completely agree on what’s going on, with OPEC now seeing July as only a partial restoration of production cuts in June, but the IEA still seeing it as taking production to a higher level. But both concur that August is now below the level of February.