Insight and inspiration in turbulent times.
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 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…
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).
With BP’s oil well close to being permanently sealed, we are beginning to gain more insight into the effects the blowout will have on oil production in the years ahead.
In Europe, natural gas has great importance. Many people believe (some countries even instituted policies) that it will be the fuel that will become the bridge to an energy future with less reliance on coal and nuclear power. Furthermore, in 2009, about 26% of the primary energy consumption of the 27 members of the European Union came from natural gas, making it a very important fuel today.
Coal mining has dominated the economy of Appalachia for more than a century and has drastically altered much of the regional ecology. Among the primary impacts of coal mining are degraded soils, slurry impoundments, contaminated streams, polluted air, human health effects, and a reduction in biodiversity. We address the broad issue of Appalachia’s future by proposing an alternative to the devastating large-scale practice of surface mining in central Appalachia, including mountaintop removal and valley fill surface coal mining.
It is “morally unconscionable” for the fossil fuel industry, and the politicians who carry their water in Congress, to stand in the way of action on climate change, says Climate Progress blogger Joe Romm. A Senior Fellow at the Center for American Progress and former US Department of Energy official, Romm says California voters have an opportunity this November to defeat the forces seeking to delay action on climate change by rejecting an attack on AB 32…
Left unaddressed during the past 3 years in most of the debates between economists has been the problem of energy. The reason is simple: post-war economists don’t do energy, except as an ever-expanding resource that the credit system and technology makes available. For the post-war economist, the supply curve of energy–save for brief lags–is always coming back into rough equilibrium with the economy.
A weekdly roundup of peak oil news, including:
-Oil and the global economy
-The Macondo well
-In the Congress
-Quote of the Week
-Briefs
