Fossil Fuels

”A little tuft can often overturn a large load”

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The load that has now overturned is the finance world’s wagon with virtual money. … When they put the wagon back onto its wheels again new oil will be needed to get it moving. Compared with earlier crashes the volume of new oil will be limited and new, clever energy solutions will be needed. It is time to plan for a future after Peak Oil.

Federal energy incentives have chiefly benefited oil, natural gas industries; nuclear, renewables lag

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Public interest in the role of federal incentives in shaping today’s energy marketplace and future energy options has risen sharply. That interest has met with frustration in some quarters and half-truths in others because of the difficulty in developing a complete picture of the incentives that influence today’s energy options. The difficulty arises from the many forms of incentives, the variety of ways in which they are funded, managed, and monitored, and changes in the agencies responsible for administering them.

The timing of the financial crisis & peak oil

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When the froth is gone, there is still a very vibrant economy hiding underneath. In fact, and this is where I start to get concerned, to the degree that we refocus our efforts away from keeping the froth full of air, we’ll start to focus more of our effort to revving up the fundamental economic engine that sits beneath it. And so will the rest of the world, which brings me to the other half of the equation: Peak Oil.

ODAC Newsletter – Oct 10

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Another week of financial mayhem, bank bailouts and sinking stock markets has seen the oil price continue to fall. The IMF six monthly report reduced its global growth forecast for 2009 from 3.9% to 3.0% with much sharper cuts in the US and Europe. This was reflected in a reduced oil demand forecast by the U.S. Energy Information Administration. The slide has prompted OPEC to consider an early meeting to attempt to prop up prices.

Economic Meltdown in America Saves the World from Peak Oil

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It had seemed abundantly clear over the year beginning mid 2007 that rampant economic development in less developed countries, along with the maintenance of economic development in more developed countries, spooked the oil markets. After all both China and India were growing economically at around 10% level.
However, that may be changing.