Peak oil review – May 17
A weekly roundup of peak oil news, including:
-Production and prices
-the Deepwater horizon
-Venezuela
-Quote of the week
-Briefs
-Energy stat of the week
A weekly roundup of peak oil news, including:
-Production and prices
-the Deepwater horizon
-Venezuela
-Quote of the week
-Briefs
-Energy stat of the week
We still don’t have the faintest idea how much oil is spewing out of the well in the Gulf. Nor do we have the faintest idea what the full environmental consequence of what may well be the biggest single-event human-caused. ecological disaster of all time (the very fact that I have to add the word “single-event” to that statement should tell you something). We know that it is almost certainly more than all the low estimates to date, and we know that the ecological consequences will be huge, lasting and we do not understand them.
This article concisely summarizes most of what has been discussed in Energy Bulletin over the past few months regarding Peak Oil. Reading all this news, I realized we are now actually facing The End of The World (As We Know It). I struggled for awhile with how to write about this. Despair is not the answer.
There was much to welcome in the new coalition’s energy policy. In particular, ODAC supports the commitment to a “huge increase” in anaerobic digestion; raise renewables targets; the “full establishment” of feed-in-tariffs while maintaining the existing banded ROCs to ensure continuity for big renewables investors; a shift of aviation duty from people to planes; scrap Heathrow’s third runway and block new ones at Stanstead and Gatwick.
It is now more than two months since we published out article (read the peer-reviewed paper) that showed that the IPCC’s emissions scenarios of 2000 (the same scenarios that are used by the world’s climate researchers to calculate future temperature increases) cannot be realized. We have also reported on this internationally at the Energy Bulletin. What amazes me most is that not one single journalist around the world thinks that this is interesting. I don’t think they realize the magnitude of our research result.
-Relief wells
-Flow diversion: “top hat” and pipe insertion
-Top kill/junk shot
-New BOP
-Congressional hearing reveals “significant problems”
-Cementing
A senior House Democrat said that the blowout preventer that failed to stop an oil leak in the Gulf of Mexico had a dead battery in its control pod, leaks in its hydraulic system, a “useless” test version of one of the devices that was supposed to close the flow of oil and a cutting tool that wasn’t strong enough to shear through joints that made up 10 percent of the drill pipe.
-Peak Relationships: the end of suburbia up close and personal
-I share their despair, but I’m not quite ready to climb the Dark Mountain
-The End of Thatcherism
Resource collapse is bigger than peak oil, and bigger even than the projected depletion of natural gas, coal and uranium – it encompasses each and every natural resource extracted, exploited or otherwise processed on an industrial scale. We’re experiencing problems with our living environment – climate, soil and water – that are more than just energy issues.
When BP’s Deep Water Horizon well exploded in the Gulf of Mexico on April 20, it was difficult to imagine the scope of its impact on the delicate coastlines of Louisiana and adjacent states. Today, the former platform site continues to spill about 5,000 barrels a day – or 210,000 gallons – into the Gulf, with no containment strategy yet in sight.
We are appoaching all the wrong limits at blowout speed. The choices are do nothing (crash) or “degrowth” (planned radical contraction). Speeches from 1st North American Degrowth Conference.
Chances are that unless you’re a total financial wonk, you’ve never heard the term “seigniorage.” But you should, because doing the right thing with it could help solve several major, interrelated problems.