Fossil Fuels

A summary of Adam Brandt’s “Review of Mathematical Models of Future Oil Supply”

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This paper has two goals. First, it provides a systematic review of oil depletion models produced to date. This serves to make obscure past works (often difficult to find) available to a wider audience so as to limit repetition of past efforts. Second, this paper provides synthesizing critique of previous modeling efforts, with the aim of improving future oil depletion modeling.

Energy consumption and progress

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I’ve written lately that economists are the high priests of Progress. I don’t subscribe to the doctrine of Progress, which is a faith-based view of our future. Apparently, for most people all of the time, the alternative is simply unthinkable. The truth is that we had wars 4,000 years ago, and we have wars now. The large majority of human beings were poor and disenfranchised 4,000 years ago, and the large majority still are today.

Personality profile: Do you “go with the flow” or do you “stock up” just in case?

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The balanced personality would want three things: 1) That we have a reasonably large stockpile of critical goods in case of a temporary disruption of flows, 2) that what we rely on for our survival be by and large renewable, and 3) that our demand for renewable resources would come into balance with the supply we can reasonably expect–considerably less than fossil fuels have provided us.

An optimistic diary (for once)

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I’m usually known as one of the doomers’n’gloomers on the blogs, with diaries and comments on the economy heavily leaning towards negative views. And to a large extent, I still stand by these positions and fully expect (i) the economy to dive again and (ii) an even worse financial crisis coming our way.

I’m also part of the peak oil / peak resources crowd, and do not consider our current civilisation, especially as hundreds of millions in emerging markets rush to embrace it, to be sustainable. … But, surprisingly, I also have a number of arguments to be optimistic for the medium term, i.e. that let me hope that I will not spend my late years in poverty and/or in the middle of societal collapse.

A Pearl River tale, power and pride in China

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For a few days last week, global news agencies pursued the peculiar story of the world’s worst traffic jam, which was reported to have lasted for around nine days and stretched across about 100 kilometres of a major highway leading to Beijing. China’s latest instance of leading the world, now in the scale and size of traffic jams, is a direct consequence of the modern uses and abuses of energy.

ODAC Newsletter – Aug 27

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Cairn Energy announced this week that it had found evidence “indicative of an active hydrocarbon system” off Greenland. The news comes in the middle of a bidding round for oil and gas exploration licences there. The US Geological Survey estimated in 2008 that the region contains approximately 90 billion barrels of technically recoverable oil, but producing the stuff would combine the extreme challenges of deepwater drilling, extreme cold, and ice. Any accident would be massively harder to deal with than Deepwater Horizon because of the country’s remoteness…

Plotting the coming oil shock

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A study based on the Hubbert model of peak oil suggests a coming global oil shock may begin as early as 2014 – which ties in with the timeline suggested in a variety of other reports and statements. Despite getting a showing online, and in the occasional business report, [peak oil is] yet to break into the mainstream media. I recently considered three major energy reports published so far in 2010 which take a number of different views on the issue.

Heinberg on peak oil and economic growth & Montpelier’s Village-building Convergence

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Author Richard Heinberg’s nine books include The Party’s Over: Oil, War and the Fate of Industrial Societies and Peak Everything: Waking Up to the Century of Declines. He discusses what we know about peak oil, as well as its connection to the end of economic growth.