Insight and inspiration in turbulent times.
“You have to acknowledge that shale gas is a relatively new and significant contribution to North American supply. But I don’t believe it’s anywhere near the magnitude that is commonly discussed and cited in the press. There are a couple of key points here. First the reserves have been substantially overstated. In fact I think the resource number has been overstated.”
As elsewhere in western Europe, the advanced liberal consumer democracies are ever more unable (politically unwilling) to implement genuine change. Deutschland’s rulers in Berlin firmly believe that techno-managerial innovation (and a hefty dose of financial risk-taking) will continue to provide cures for current ideas of what is unsustainable. As has happened time and again in Europa’s history of nations, from the mid-19th century onwards, the costs of such ‘revolutions’ will be externalised elsewhere (east and south), and the ecological sustainability that Germany’s admirable network of communes have long been admired for will remain out of reach of the country’s policy and practice.
As dozens of ships at the BP spill site are forced to head for harbour by the approach of Tropical Storm Bonnie, work to plug the well permanently could be delayed by up to two weeks. But eight days on the temporary cap is still holding, and officials are now ‘encouraged’ by the results. Earlier this week they were concerned that seepage near the well might be evidence of damage from the disaster that could lead to a further leak…
July 2010 edition of Oilwatch Monthly
-BP testimony: Officials knew of key safety problem on rig
-EPA Whistleblower Accuses Agency of Covering Up Effects of Dispersant in BP Oil Spill Cleanup
-Workers on Doomed Rig Voiced Concern About Safety
Dwindling global oil supplies are leaving the world ever more reliant on a group of unstable countries – many of which are themselves facing major domestic problems right now.
Believe it or not, many of the world’s major oil exporters cannot maintain their own domestic energy requirements. Venezuelan consumers endure electricity blackouts of “seven or eight hours a day,” but less well known is the situation in the Middle East, where residents are facing rolling power outages just as summer temperatures soar, and with it, the demand for air conditioning.
Whether Beijing’s formula of mixed capitalism and state control of key enterprises will prove to be durable over the long run has yet to be seen. What we do know, however, is that a few more years of surging energy consumption will soon be playing havoc with energy prices around the world.
A midweekly roundup of peak oil news, including:
-Prices and production
-Deepwater Horizon
For more than 100 years the coal-producing counties of eastern Kentucky have been dependent on the coal industry, which has dominated them politically and, submitting only to the limits of technology, has come near to ruining them. The legacy of the coal economy in the Kentucky mountains will be immense and lasting damage to the land and to the people. Much of the damage to the land and the streams, and to water quality downstream, will be irreparable within historical time. The lastingness of the damage to the people will, to a considerable extent, be determined by the people.
I’ve been musing on the interaction between a) an extended period of economic stagnation/contraction due to deleveraging, and b) peak oil.
-The Impending Peak and Decline of Petroleum Production: an Underestimated Challenge for Conservation of Ecological Integrity
-How Much Does a Gallon of Gas Cost?
-Offshore Oil Drilling and Hurricane Risks
-BP’s Tony Hayward ‘set to step down’
An amazing thing has happened. According to the International Energy Agency (IEA), China has now surpassed the United States as the world’s biggest energy consumer.
