Insight and inspiration in turbulent times.
The Gulf of Mexico’s capacity to recover from previous environmental assaults — especially the 1979 Ixtoc explosion — provides encouragement about the prospects for its post-Deepwater future. But scientists remain worried about the BP spill’s long-term effects on the health of the Gulf and its sea life.
If human civilization is to make the move to a steady state economy that provides prosperity without growth, it must meet people’s basic mobility needs without reliance on fossil fuels. The U.S. requires a revolutionary transformation of its transportation systems, and recent experience with the downsides of oil provides a potent political push to overcome inertia.
Looking at the news, most current stories have a common thread. Wars over oil; oil spill; catastrophic flooding in Pakistan and record cold waves in the Southern Hemisphere; wheat prices up on drought in Russia; forest and peat fires from the heat; economies cratering from higher energy costs and banking bubbles; states, provinces, and municipalities teetering on bankruptcy; unemployment skyrocketing; right-wing militant groups finding traction; civil rights trampled as authoritarianism hardens; and billions still being spent to keep people in the dark on peak oil and climate change.
Matthew R. Simmons, founder of the Ocean Energy Research Institute in Rockland, Maine, passed away suddenly on Sunday. He is survived by his wife, Ellen, and their five daughters. Mr. Simmons was also former chairman of Simmons & Company International. Details of services are pending. In lieu of flowers, the family asks that donations be made to the Ocean Energy Research Institute.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Macondo well
-In the Congress
-Peak Coal?
-Quote of the week
-Briefs
Every year the National Conference of State Legislators (NCSL) holds an annual conference where legislators from all over the US gather for updates on major public policy issues facing the nation. This year the organization found that issues surrounding our country’s future energy supply were becoming of such paramount importance to state governments that it set up a task force to study the issues; produced a report on meeting the energy challenges; and devoted a whole day prior to the annual meeting to an ―Energy Policy Summit‖ where some 15 speakers gave presentations on various aspects of energy.
There was an almost audible sigh of relief this week in the US as BP and the White House proclaimed the ‘static kill’ procedure on the Macondo oil well a success. With elections approaching the Obama administration will be keen to draw a line under the oil spill and focus on other issues, as reflected by a surprisingly upbeat press conference on Wednesday in which officials announced not only the plugging of the well but also the apparent disappearance of 75% of the spilled oil…
In a predawn vote Wednesday, New York State’s senate passed a bill that reaches beyond the debate over the environmental safety of drilling for gas in the Marcellus Shale and would effectively ban almost all gas and oil drilling in the state until next spring. The bill circumvents an environmental review by the state’s regulatory agency that could be finished this year.
-Independent Study: Oil Shale Is a Poor Energy Source
-Scientists Cast Doubt on Claims BP Spill’s No Threat to Gulf
-Ecuador pledges no oil drilling in Amazon reserve
-Deepwater oil drilling moratorium job-loss picture is getting clearer
-We Fight for the Oil We Need to Fight for the Oil
-Oil company, law enforcement block media access to public sites hit by Michigan oil spill
Two must-read interviews with energy market investors both point to a coming demand-driven spike in oil prices, despite professing differing views on peak oil.
Rick Rule, founder of Global Resource Investments, Ltd., speaks of “sharply higher world oil prices in the next 5 years,” and Charles Maxwell, senior energy analyst for Weeden & Co. that “oil will reach at least $150 a barrel around 2015.” It’s interesting that, despite professing different takes on the concept of peak oil, they end up at remarkably similar conclusions about demand outstripping supply within the next few years.
This essay this isn’t about bitterness. It’s about the decisions we make in light of an ambiguous future. One of the costs of making moral choices is breaking the strong emotional ties to a prior life. My own future, if I have one, is necessarily rooted in the past. For the better part of a decade, I was the model professor, if only from the standpoint of university administrators.
There seems to be an on-going debate among peak oilers and many economists as to which came first, the chicken (peak supply flow) or the egg (peak demand).
