New Book: Powerdown by Richard Heinberg
Powerdown is a brilliant analysis of the options available to a civilization facing resource depletion, biosphere collapse, and financial insolvency.
Powerdown is a brilliant analysis of the options available to a civilization facing resource depletion, biosphere collapse, and financial insolvency.
Once production peaks then it can’t meet demand and then prices will rise and it will be the equivalent of the oil shock in the 1970s. That will be a huge boost to renewables.
Human nature is such that we tend to wait for a crisis to happen before we react. However, as the current series of articles on the looming energy crisis highlight, we do so at our peril.
The data I am being told by engineers who have worked on Ghawar suggests that this decade will see it’s peak. As Ghawar goes, so goes the world.
In best-case scenarios, like Exxon Mobil, production is relatively flat. Many more energy companies are pumping less oil than they were a year ago.
In a fascinating new documentary, The End of Suburbia – Oil Depletion and the Collapse of the American Dream, the central question is this: Does the suburban way of life have a future? The answer is a resounding no.
With the end of cheap oil on the horizon, Puerto Rico continues to move toward alternatives, but is it moving fast enough?
There is no other oil producer on earth that can even begin over time to replace a significant short fall in Saudi Arabia’s oil. So if in fact, Saudi Arabia is at their peak production, then so is the world.
Energy demand has become a runaway train. There’s no way we can stop that train until we hit a brick wall.
When oil prices have doubled to $80 and a second Great Depression threatens global political stability, our president will assemble a 9/11-style commission to explain the intelligence and policy failures that led to the crisis. The verdict will be familiar: The stunning blow to the world economy brought about by the sudden, unexpected depletion of fossil fuel should have been anticipated and prevented.
China is relying on coal-fired power plants to meet severe electricity shortages, but such heavy polluters are damaging the environment and harming its people and its neighbours.
The oil majors are quietly panicking because they cannot find sufficient new projects or fields big enough to make a material difference to companies of their size.