Fossil Fuels

Gas boom goes bust

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The current boom in drilling for ‘unconventional’ gas has helped raise US production to levels not seen since the early 1970′s. This has been an incredible boon to consumers and has kept spot prices contained below $5 per million BTU for the past year, recently dropping below $3/mmbtu. Unfortunately, this price is below the cost of production for many of these new wells. When the flood of investment currently pouring into natural gas drilling operations dries up, the inevitable bust will be as scary as the boom was exciting.

Oil – Feb 6

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– Oil prices will rise as supplies tighten? Hardly. (NEW)
– Energy policy and the Madness of Crowds (NEW)
– Debate rages on when oil will peak
– Too Much Energy Used to Mine, Move Bitumen Says BC Firm
– Saudi Oil Minister Calls Global Warming “Humanity’s Most Pressing Concern”

Energy – Feb 3

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– Science: Live Chat: Peak Oil—Is the Well Running Dry? (NEW)
– Michael Lynch: The Unfounded Fear of the ‘Peak Oil’ Monster
– Science: Technology Is Turning U.S. Oil Around But Not the World’s
– Once, men abused slaves. Now we abuse fossil fuels
– Thomas Homer-Dixon: Our peak oil premium
– The End of Elastic Oil
– Power paradox: Clean might not be green forever
– How Much Energy Does Energy Efficiency Save?

ODAC Newsletter Feb 3

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High oil prices ensured that profits at the major oil companies rose again in 2011 – Shell’s full year profits leapt 54% to $28.6 billion while Exxon’s increased 35% to $41.1 billion. With this kind of money at stake it is no surprise it is almost impossible to get a sensible debate about our energy future…

The recovery of the human

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The myth of the machine, the theme of last week’s Archdruid Report post, has implications that go well beyond the usual terms of discussion in the peak oil scene. One of those implications, which I mentioned briefly last week, unfolds from the way that so many people who are concerned about peak oil fixate obsessively on the hope that some kind of machine will solve the problem.

The Peak Oil Crisis: Election 2012

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What does peak oil have to say to us about the coming election? In general, those who understand the nuances of the phenomenon of the peaking of global oil are saying that world oil production is either at or is very close to reaching its all-time peak. In recent years leveling out of conventional oil production has resulted in a fivefold increase in oil prices. This increase in oil prices is believed by many to be a key reason, if not the key reason, for the economic troubles currently besetting much of the world.

Computing in the Long Emergency

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Where will computing go in the coming years? I thought I should find out, so I watched a roundtable and other talks and interviews on the subject (warning: it’s pretty dry stuff). I came away underwhelmed. I struggled to figure out what these guys were seeing that I wasn’t. I’m not sure I’ve figured it out. Eventually I came back to the one key issue that’s missing from their roundtable conversation—and that of most conversations among engineers in the computing world—limits, both ecological and material.