Fossil Fuels

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.

Lines of defence (I): The thin brown line

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There’s a palpable sense of expectation as we cruise down the canal. Two dozen people and barely a word passes between us. It’s not the roar of the triple outboard engines, nor the forced camaraderie of strangers thrust together, with only their environmentalisms in common. Rather, it’s the sense that we’re travelling towards something—not a place, but a phenomenon, an event—whose name we know but whose face we have not yet seen.

Politics in the Great Transition

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Someday there will be thousands of scholarly books on how political systems coped or failed during the transition from fossil fuel-sustained civilizations to that which is to come. For now, however, there are practically none as only a relative handful of the 6.7 billion on earth today have even a glimmer that the great transition is underway.

KrisCan interviews energy analyst Chris Nelder

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In this seven part KrisCan interview with energy analyst Chris Nelder, they cover topics ranging from the consequences of the moratorium from the Macondo well blowout in the Gulf of Mexico to the legitimacy of Cap and Trade; how U.S. offshore oil drilling will affect domestic oil supply in the coming decade and how policy in America curtails the incentivizing of an energy transition to more renewable sources.

Nicole Foss, “Stoneleigh”, launches “Paul Revere” tour in Michigan

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Nicole Foss, a.k.a. Stoneleigh, of “The Automatic Earth” launches her modern day “Paul Revere” style tour in Michigan on September 10. Foss received rave reviews for her presentation at the Transition Towns UK conference, and recently appeared on the Financial Sense News Hour with Jim Puplava. Foss takes a “big picture” approach and describes peak oil in the context of the economic crisis, adding essential information to the understanding of the future.

Oil, health, and health care

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The April 2010 oil leak in the Mexican Gulf illustrates the risks being taken to extract oil from inaccessible fields, and in June a Lloyd’s 360° risk insight report said, “we have entered a period of deep uncertainty in how we will source energy for power, heat and mobility and how much we will pay for it.” The reason why such damaging extraction methods are pursued, and why Lloyd’s are telling us we face a “new energy paradigm” rather than normal market volatility, is that oil discoveries peaked 40 years ago, and oil supply is probably at its maximum, with decline soon to follow. This has substantial implications for transport, food, jobs, health, and health care.