Insight and inspiration in turbulent times.
Iran’s announcement on Sunday that it was cutting off oil sales to Britain and France ahead of the EU embargo sent Brent crude oil prices soaring to a 9 month high of $124/barrel and an all-time UK high of over £78. The price of oil is now firmly back in the news alongside a rash of articles rejecting peak oil, declaring imminent US energy independence, and discussing the changing balance of geopolitical power away from OPEC…
A midweekly roundup of peak oil news, including:
-Developments this week
-Tighten fracking regulations, scientists urge US officials [report]
-Gas-Fracking Ban in Upstate New York Upheld by State Court Judge
-Exxon tempers European shale gas enthusiasm
-Canada revs up for fight over second tar sands oil pipeline
-EU tar sands pollution vote ends in deadlock
-Canada threatens EU over tar sands
-Cut all fossil-fuel use: scientists
Lee Brain, son of an oil man, receives a standing ovation and brings a crowd to tears after delivering powerful & inspirational testimony in front of the Northern Gateway Pipeline Joint Review Panel in Prince Rupert on February 18, 2012.
El informe explora alguno de los escenarios de transición de energía propuestos actualmente, mostrando por qué, hasta el momento, la mayoría son demasiado optimistas, ya que no tienen en cuenta todos los factores relevantes que limitan la expansión de fuentes energéticas alternativas.This is a Spanish translation of the Post Carbon Institute and International Forum on Globalization and report ‘Searching for a Miracle’.
All this new technology seems to say there may be some hope for life after oil. For now the two biggies seem to be cold fusion and cheap hydrogen, but neither of these are as yet sure for the immediate future. It seems likely we are going to have much more efficient motor vehicle within the next 10 years and probably longer range electric vehicles. There might even be enough biofuels to run our airplanes.
When I first approached the topic of societal energy in 2004, I became aware for the first time that our energy future was not in the bag, and proceeded to explore alternative after alternative to judge the viability and potential pitfalls of various options. I have retraced my steps in Do the Math posts, exposing the scales at which different energy sources might contribute, and the practical complexities involved. My spooky campfire version of the story, a la Tolkien: The Way is Shut.
Though there’s been a flurry of books about the Occupy movement in the last few months, few of them have said much about energy and the environment. Predictably, writers have largely focused so far on the core issues that originally filled Zuccotti Park last fall, an unfair economy and politics corrupted by corporate lucre.
Now comes a new title on Occupy that takes ecological overshoot seriously, Occupy World Street: A Global Roadmap for Radical Economic and Political Reform. Refreshingly, the book also zeroes in on the issue that the energy-savvy find behind all our financial and political woes today: peak oil.
-Energy independence, or impending oil shocks?
-Oil: In perpetuity no more
-Saudi Aramco to Re-Open Oldest Field to Tap Heavy Oil, EIU
Bottom Line: In the world we must strive to achieve, however difficult or implausible it may seem today, expanded extraction of the tar sands has no place.
Coal seemed to have peaked in 1990, but it was an illusion. The growth of coal production during the first decade of the 21st century has been impressive; never seen before in history. So, King Coal is coming back and he may soon reclaim the title of ruler of the energy world that it had lost to crude oil in the 1960s.
