Fossil Fuels

Peak oil futures: same crisis, different responses

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Peak oil theorists predict an impending terminal decline of world oil production, with no adequate alternate resource and technology available to replace oil as the backbone resource of industrial society. Instead of endlessly debating whether peak oil theorists are right or wrong, let us simply ask what would happen if they were right. Based on historical case studies I suggest that there would be different reactions in different parts of the world, ranging from predatory militarism to authoritarian retrenchment and the mobilization of local resilience.

Peak oil, prices, and supplies – May 6

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-Groundhog Day for Oil
-Oil disaster may prove tipping point for world oil production
-Mother of all gushers could kill Earth’s oceans
-Peak Oil and the Return of the Jet Set
-Not So Fast: With Gas Prices Low, A Return To Oil
-Caution Required for Gulf Oil Spill Clean-Up, Bioremediation Expert Says

From the Deepwater Horizon

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The Gulf of Mexico “spill” is really a man-made underwater volcano of oil. This accident taps a primeval fear in the human mind. Something dark and uncontrollable rushes out of the Earth, poisoning the global oceans. Could that really happen? Richard Heinberg, Anita Burke, Riki Ott, Antonia Juhasz, and new song “Corporate Catastrophe”.

The principle of subsidiary function

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When a society’s problems are caused by too much complexity, adding more layers of complexity is a recipe for more problems. In the abstract, this is easy enough to grasp, but applying it in practice is quite another matter. Fortunately, the writings of maverick economist EF Schumacher come to the rescue with another of his counterintuitive but valuable insights.

Totnes Energy Descent Action Plan website launched today!!

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It gives me the greatest pleasure this morning to launch the Totnes Energy Descent Action Plan website. The site makes the full version of the UK’s first EDAP freely available, invites comments and discussion, and will act as a dynamic portal for people to discuss the Plan and reshape subsequent revisions.

Inconvenient? You Ain’t Seen Nothing Yet (book review)

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Get used to it, baby: if there were an easier available place to find new oil than a mile beneath the sea, they’d be drilling there. The accident in the Gulf of Mexico, however damaging it is already, however widely it may spread, is minor compared with what is happening, invisibly, above our heads. That’s the message of Bill McKibben’s new book, Eaarth, and what he’s been warning about for over two decades.

Peak oil, prices, and supplies – May 4

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-BP Fought Safety Measures at Deepwater Oil Rigs
-Toyota’s Bill Reinert on Peak Oil
-How Bad Is the Oil Spill? Ask the Pelicans
-Asean members try to forge agreement on oil and gas rich Spratly Islands
-Track the Gulf of Mexico oil spill movement in animated graphic
-Response options for BP oil spill

China’s coal bubble…and how it will deflate U.S. efforts to develop “clean coal”

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The conventional wisdom in energy-and-environment circles is that China’s economy, which is growing at a rate of eight percent or more per year, is mostly coal powered today and will continue to be so for decades to come…Most of this conventional wisdom is correct, but some of it is plain wrong—so wrong, in fact, that environment-, economic-, and energy-policy wonks are constructing scenarios for the future of U.S. and world energy, and for the global economy, that bear little or no resemblance to the reality that is unfolding.

Industry leaders seem to be showing more openness to energy descent issues

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I’ve spent the last two days at the Institute for the Future’s Ten-Year Forecast retreat in Sausalito, CA…At this retreat, I introduced ideas relating to peak net energy, and the possibility of major changes in the years ahead. I found industry leaders much more open than I had expected to listening to and understanding our energy predicament, and talking about what may be ahead. In this post, I would like to tell you about my experience.

Worse than 1789?

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Senator Levin pretty much had Goldman Sach’s Lloyd Blankfein dead in a casket with that now-notorious email from GS’s head of sales and trading, Tom Montag, describing one of their billion-dollar investment “products” as “one shitty deal.” Levin seemed to delight in crossing the boundary into the realm of the unspeakable, knowing that even the so-called “family” newspapers and cable TV networks would have to report it. And just to make sure nobody missed the point, the senator repeated that phrase at least twenty times before the day was over.

Optimism versus reality in peak oil media battle

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The optimists may have long been winning the peak oil media battle – as Matt Simmons observes – but we are beginning to see information coming out on the business pages that allows us to piece together a more balanced story. Right now, much of this focuses on everyone’s favourite cause for optimism, the oil sands…But do the facts support this rampant enthusiasm? I’d suggest not.