The peak oil crisis: The summer of 2012
One has to go back to the 1930’s to find a time when so much of civilization was in turmoil at once.
One has to go back to the 1930’s to find a time when so much of civilization was in turmoil at once.
A midweekly roundup of peak oil news, including:
-Developments this week
In this weeks episode of R-Squared Energy TV, I discuss the recently released paper by former Eni executive Leonardo Maugeri — in which he suggests global oil supplies will increase by 17 million barrels per day by the end of the decade — as well as George Monbiot’s highly publicized reaction to the report.
In the first installment of this series, I took a look at U.S. and global oil reserves according to the 2012 BP Statistical Review of World Energy. Today, I want to examine oil production statistics since 1965.
– Norway: A Political Risk Lesson For Oil (oil workers strike, prices rise)
– Are Natural Gas Liquids as Good as Oil?
– „Das ganze Land in Gebrauch nehmen“ – Norway plans to drill in the Arctic
– Peak Oil Reloaded (1/2)
– « Nier l’imminence du pic pétrolier est une erreur tragique », dit l’ancien expert pétrolier de l’AIE
– Nicole Foss: The Guardian Is Ignoring The Critical Paradox Of Peak Oil
– The world is oil rich so let’s all enjoy it while we are here
– How Many Years Of Oil Do We Have Left To Run Our Industrial Civilization, Keeping In Mind That Oil Is A Resource And Has An Economical End?
– Europa am Peak
– Le altre fossili, la sfida dello shale
What happens to individuals also happens to entire societies. Take a neurotic Peak Oil-denying industrial civilization, put it through a terrible global financial crisis, tell it that economic growth is over forever, and what you get a psychotic, delusional industrial civilization.
-Confirmed: Fracking can pollute [report]
-Shale gas drilling declines in Pennsylvania’s Marcellus region
-Drilling trucks have caused an estimated $2 billion in damage to Texas roads
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Economic growth
-The Iranian confrontation
-Quote of the week
-Briefs
– Debate over natural gas drilling now being waged at universities
– Guatemala farmers losing their land to Europe’s demand for biofuels
– Tax Billionaires, Carbon to Improve Prosperity, says UN
– Is Union Busting to Blame for Power Outages in D.C.?
– David Suzuki: Renewable Energy, Not Carbon Capture and Storage
Everyone knows that world oil production has been running between 88 and 89 million barrels per day (mbpd) this year because government, industry and media sources tell us so. As it turns out, what everyone knows is wrong.
It’s wrong not because the range quoted above can’t be found in official sources. It’s wrong because the numbers include things which are not oil such as natural gas plant liquids and biofuels. If you strip these other things out, then world oil production has been running around 75 mbpd this year.
– Jeremy Leggett: Monbiot says he was wrong on peak oil but the crisis is undeniable
– Peak Oil Reloaded
– Oil and Illusions
– ‘Unser Öl’: Warum unser Sprit nie wieder billig wird
– In the valley of the shadow of peak oil
– Civilization and the Price of Oil