Fossil Fuels

World Petroleum Congress in Doha, Qatar – ExxonMobil: ‘Technology to beat Peak Oil’ and Total pulls itself into line

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Before the World Petroleum Congress in Doha, Qatar the newspaper Gulf Times wrote in an article that, “A highlight is the keynote speech that will be delivered by Total’s President and CEO, Christophe de Margerie on the theme: “Peak oil – ahead of us or behind us?” on December 7”. The fact that Peak Oil is the theme for one of the seven main presentations at the congress shows that Peak Oil is now an important topic of discussion in the international and national oil industries. Earlier, Total had indicated that they believed Peak Oil could occur before 2030 so it was with some suspense that we awaited the message from Total and their managing director de Margarie.

Behind the Durban Blame Game

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Why did the Durban climate talks fail? Ultimately, the culprit is the near-universal pursuit of economic growth. All the major players want growth: the US, because it’s still pulling out of a recession; China, because it knows 10 percent annual growth can’t go on forever, but is trying to avoid a hard landing; Europe, which is trying to pull out of its sovereign debt spiral. The US and China, in particular, know that fossil fuels have given them growth in the past, and are especially reluctant to give them up now.

Thoughts on why energy use and CO2 emissions are rising as fast as GDP

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In a recent post, I discovered something rather alarming–the fact that in the last decade (2000 to 2010) both world energy consumption and the CO2 emissions from this energy consumption were rising as fast as GDP for the world as a whole. This relationship is especially strange, because prior to 2000, it appeared as though decoupling was taking place: GDP was growing more rapidly than energy use and CO2 emissions. And even after 2000, many countries continued to report decoupling.

ODAC Newsletter – Dec 9

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OPEC head Abdullah El-Badri warned European leaders on Wednesday against imposing sanctions on Iranian oil, stating that the 865,000 barrels a day which goes mostly to Southern Europe would be difficult to replace. Global supply is already tight and oil prices remain stubbornly high despite the chronic Euro-crisis…

What Peak Oil Looks Like

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One of the perennial themes of peak oil discussion over the last decade or so has been what the world will look like once the age of cheap abundant energy comes to a close. While the arguments are ongoing, the answer may already have arrived. With a tip of the hat to green economist Herman Daly, the Archdruid explains.

Radio China International and 20th World Petroleum Congress in Doha, Qatar

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Yesterday I received an email and a telephone call from Radio China International. They inquired if I would be willing to answer a few questions on the occasion of the 20th World Petroleum Congress in Doha, Qatar. Every third year the world’s oil producers gather for a large congress. For the first time they have now gathered in the Middle East. The interview with Radio China International has now been completed and it is interesting to look at the questions that they wanted to discuss…They sent me written copies of the questions that they wanted to discuss so let’s look at what worries and interests China.

A course to keep you from crashing

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Economists never told us the story of financial inequity. It took the Occupy movement to do that. And many economists still continue to tell us reassuring fairy tales about how economic growth must and will return.

So, who are you going to trust? Start with Chris Martenson, one of the lay financial analysts who did predict the banking collapse in fall 2008.

Review: The Wealth of Nature by John Michael Greer

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Having written extensively on occultism and the esoteric, and himself an adept in ritual magic, John Michael Greer is an eager student of the unexplained. Yet he’s also a sharp observer of the unexamined assumptions that people make about the physical world around them, and how these assumptions have helped land the world in its present crisis. One common presupposition is that nature is independent of the world of human economics, and thus can be treated as a disposable resource. An environmentalist and a devout follower of the druid path, Greer knows better, and he’s written several books seeking to dispel this mistaken dismissal of nature.

Iran – possible implications of an oil embargo

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Does Thursday’s announcement that the EU is considering to ban oil imports from Iran epitomise the draining of power from west to east? The big winners here will be China and India, who do not fear rising Iranian influence and who will gladly soak up any additional oil exports they may have to offer. However, ending this small dependency upon Iranian oil imports in Europe does clear the way for military action without the need to ponder the immediate consequences on oil imports.