Fossil Fuels

Night Thoughts in Hagsgate

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There are times, at least for me, when the fate in store for industrial society can be seen with more than the usual clarity. I’m thinking just now of the time I looked out a train window and saw an abandoned factory, not yet twenty years old, with foot-high saplings rising incongruously from the gutter around the roof; or of another time, in a weekend flea market here in Cumberland, when I found a kid’s book on space travel I’d loved as a child, flipped through the pages, and found myself face to face with the gap between the shining future we were supposed to have by now and the mess that was actually waiting for us when we got here.

Crude and Condensate reached new highs in January

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The EIA helpfully produces a breakdown of the global liquid fuel supply into components. This allows us to distinguish change in the supply of “oil” – narrowly defined as crude oil plus condensates (hydrocarbons which come out of the ground as liquid) – from changes in other things (natural gas “liquids”, most of which are actually gases like ethane, propane, and butane, ethanol, and refinery volume changes.

The human factor

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It was the enlightenment, certainly, through which a whole host of new political views about public voice and the independent integrity of the individual emerged into the mainstream, even if took another 150 years, or even 200, to work themselves out. And at the same time it was the beginning of the age of extraction, when humankind started to use the stored resources of the planet at scale for their profit and endeavour. Both of these ideas are still the dominant frames of our public discourse, certainly in the richer world, and shape (almost completely) competing arguments about sustainability.

How the fracking mess is about to make the mortgage mess worse

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One fact ought to tell you all you need to know about the risks faced by homeowners signing leases for natural gas drilling on their property: Wells Fargo & Company, both the largest home mortgage lender in the United States and a major lender to the country’s second largest producer of natural gas, Chesapeake Energy Corp., refuses to make home loans for properties encumbered with natural gas drilling leases.

Oil report from the “Diplomatic Council on Energy Security”

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It feels as though we now have the first informed American report on the oil issue. One is struck by how well they describe the problem that ASPO and my research group have attempted to raise awareness of during the last 10 years. That this group of Americans perceive reality in a different way than is common in the USA is presumably because they are diplomats who have been outside the USA’s borders and have studied their nation from a different perspective.