ODAC Newsletter – 6 Mar
Weekly round up from a UK perspective.
Weekly round up from a UK perspective.
US Treasury secretary attacks oil, gas tax breaks
Limbaugh vs. the Front Porch
I’m Captain Asphalt
Global warming is a global emergency
Copenhagen And Beyond: Climate Change Is An Emergency
Industry leaders denying climate change, says UK science minister
In July 2008, the price of crude oil reached an historical high level of US$147 per barrel. However, as a consequence of falling demand over the following six months, the price declined by well over 60%. This article examines the causes behind the oil price spike, which has become a serious commercial threat to many airlines.
TOD: Saudi Arabia’s Crude Oil Production Peaked in 2005
IEA says oil capacity crunch looms at end of 2013
Where Is Oil Production Headed?: An Adverse Scenario
Oil producers running out of storage space
Number of Rigs Drilling for Natural Gas in U.S. Drops to 5-Year Low
Lessons from the Collapse of the USSR (Orlov video)
British historian Mark Jones on the world crisis
The Free Nature Movement
Nate Hagens – On Credit, Depletion, Energy Nationalization – Radio Interview
A mid-week update, including:
-Prices and production
Recently, Dr. Robert Hirsch wrote an article titled “Peak oil – what do we do now?”. This brief but content-laden article opined that Peak Oil was essentially past tense, and it correctly implied that little mitigation has taken place, to date…but notably missing was any mention of natural gas.
It appears there are least two possible scenarios that could play out in the months ahead. Either demand holds up to a level at which OPEC can control the situation and we have higher prices, or the Great Recession causes demand for oil to simply melt due to lack of economic activity and declining incomes.
With the decline in rig counts, a shortage of natural gas may come much sooner than you might think.
For setting energy policy, the U.S. needs to have a detailed, mine-by-mine analysis of resources and reserves based on current data using all of the available geological and mathematical tools for modeling. In the end, we should not be surprised to learn that only a small fraction of previously estimated coal reserves will ever be economically recoverable.
Towards a Scale-Free Energy Policy
Bright Green, Light Green, Dark Green, Gray: The New Environmental Spectrum
The World of Tomorrow 1 The Old Future