Insight and inspiration in turbulent times.
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…
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.
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.
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.
– Tom Whipple: E=mc2 (cold fusion developments)
– The Estonian connection: Or how I started worrying about oil shale
– Experts see demand for oil and gas declining
– La fin du pétrole, c’est pour quand ?
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.
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 midweekly roundup of peak oil news, including:
-Developments this week
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.
The United Nation’s Food and Agriculture Organization (FAO) released an interesting document during the UN Conference on Climate Change in Durban last week. Energy Smart Food for People and Climate (ESF, 78 pgs) focuses on the mitigation of food-related carbon emissions. The document argues that mitigation can be achieved through efficiencies behind the farm gate and beyond it. There are several references to risks surrounding the future availability and affordability of oil, but the primary driver of this document and its call for fundamental changes in food production is climate change, not concerns over future oil supply. This is unfortunate, as a dual focus would have brought a greater urgency to the report’s recommendations and perhaps to the Durban conference itself.
If there is one unshakable belief in America today it’s that the U.S. economy can and must continue to grow. That’s why the messages delivered in November in Washington D.C. at a gathering of oil geologists, scientists, economists and others challenging that core belief went largely unheeded in the nation’s capital. The approximately 300 people who attended the 7th Annual Conference of the Association for the Study of Peak Oil–USA (ASPO-USA) in the shadow of the U.S. Capitol were told that economic growth is no longer possible as oil production flattens and declines, that U.S. energy independence is impossible and that domestic shale gas will fall far short of fueling American prosperity even while polluting the nation’s vital aquifers.
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.
