Insight and inspiration in turbulent times.
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.
-Read Chapter 2 “Peak Oil” in Peeking at Peak Oil
-Prepare to celebrate OPEC’s demise
-U.K. Climate Plan Set To Curb Impact Of Oil Shocks, Report Shows
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.
If the world can be seen in a grain of sand, watch out. As Wisconsinites are learning, there’s money (and misery) in sand — and if you’ve got the right kind, an oil company may soon be at your doorstep.
Energy journalist and author Maggie Koerth-Baker interviewed about her book, Before the Lights Go Out at Minnesota Public Radio’s “Bright Ideas”. A good intro into why there are no ‘silver bullets’.
A weekly review including:
-Oil and the Global Economy
-The EU Crisis
-Iran
-Quote of the Week
-Briefs
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.
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.
The prospect of weaker oil demand in the face of the Euro crisis was balanced this week by warnings from the IEA and Saudi Arabia. Sadad al-Husseini, the former head of Exploration and Production at Saudi Aramco, wrote that “$100 for Brent is quite a correction and it will be a challenge to sustain such a low price beyond the short term”…
-Dump the pump: could peak oil be voluntary?
-Shell’s Majnoon deal highlights Iraq oil target verdict
-Insight – Peak, pause or plummet? Shale oil costs at crossroads
– Can we please just declare the end of ‘peak oil’ and start worrying about something important?
– The U.S. Has A Lot Of Shale Oil, So What?
– Chevron VP: Technology can unlock new fields, curb fears of peak oil
– The Biggest Threat to High Oil Prices
– Amory Lovins: A 50-year plan for energy (video)
– U.S. energy independence is no longer just a pipe dream
A midweekly roundup of peak oil news, including:
-Developments this week
