Insight and inspiration in turbulent times.
During the CNN Republican presidential debate Tuesday, November 23, Newt Gingrich made statements about U.S. potential oil supply that reveal either total ignorance of energy or supremely dangerous demagoguery. He stated that the United States could discover and produce enough oil in 2012 to cause a worldwide oil price collapse.
Every November following the publication of the IEA’s World Energy Outlook, the leadership of the Agency travels to major capitols in an effort to explain to the world’s leaders the conclusions of the new publication. Parts of this year’s briefings contain not-so-subtle hints as to what sort of energy policies the world’s leaders might like to follow if they want to avoid killing off all life on earth a century or so from now. Earlier this week the travelers stopped in Washington, where sandwiched between visits to various dignitaries they briefed an assemblage of some 200 journalists. Here is my report.
I often don’t bother arguing with the “Drill, Baby, drill” folks – the reason is that while I think they are misguided and their lack of understanding of the possibilities of US oil are embarassing, they also have a point – as we get further down the energy curve, most of our available energy resources will be exploited if it is economically viable to recover the oil or the gas. It simply will happen – environmental sensitivity will not be a major factor.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Sanctioning Iran
-Turmoil in Europe
-Saudi growth
-Quote of the week
-Briefs
The following question ought to be an obvious one to anyone who knows that Canada imports 43 percent of the oil it consumes: Why isn’t there any discussion of a new pipeline to eastern Canada where most of the oil consumed is imported?
Has ExxonMobil — the annoyingly prissy schoolboy who always obeys the teacher — risked weakening one of its distinguishing pillars in order to break into a single oil patch? And if so, could that shake up the global oil market along with geopolitics?
We are referring to the news, indiscreetly disclosed by a Kurdistan official last week, that the northern Iraqi region has signed an oil exploration agreement with Exxon. The reason this is a problem is that Kurdistan has been in a long-standing turf war with the folks in Baghdad over how to divide the spoils from its hydrocarbon riches.
Hall and Day (2009) report that the Energy Return on Energy Invest (EROI) for coal might be as high as 80 and that for hydropower, EROI is 40. Does this mean that coal is twice as ‘good’ as hydro? The answer is no, and in this post I will discuss how this relates to the idea of an EROI Threshold
Saudi Arabia announced this week that it is halting its $100bn oil expansion programme, claiming that the requirement for the kingdom to increase production has “substantially reduced” in the face of emerging new oil and gas supplies.
How do we move away from a fossil-fuel based society? David Holmgren, ecological design engineer and co-originator of the term “Permaculture” discusses this very question.
A midweekly roundup of peak oil news, including:
-Developments this week
For years, governments, industry, and TV ads told us natural gas is the safe bridge fuel while we move away from dirty coal and oil. Cornell University scientist Robert Howarth wondered “Is that true?”…Program includes 27 minute speech by Professor Robert Howarth of Cornell at ASPO USA 2011, November 2nd in Washington D.C. recorded by Carl Etnier of Equal Time Radio, Vermont…Then a follow-up interview this week with Robert Howarth, to fill in his hurried climax of the speech…that methane emissions, when calculated over 20 years…could add up to at least 44% of all greenhouse gas emissions in the United States!
After my talk in Norwich last week, I met a local authority emergency planner, who said that he had found the talk, and the Transition take on resilience, very illuminating. He pointed me in the direction of the latest “Strategic National Framework on Community Resilience”, the latest “national statement for how individual and community resilience can work”, published by the Cabinet Office in March of this year. It is a fascinating document, and is indeed the first official government document on community resilience that refers explicitly to the Transition movement, and as such deserves a post reflecting on it. It also offers a tantalising glimpse into what a government response to peak oil, climate change and economic contraction might look like if anyone had the imagination to create one.
