Fossil Fuels

Charles Hall on the biophysical economy & Bill Schubart on resiliency in hard times

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Professors Charles Hall and Kent Klitgaard’s new book is Energy and the Wealth of Nations: Understanding the Biophysical Economy. Hall explained what the biophysical costs of energy are, and why they’re more important than the price. He revealed how his understanding of peak oil helped him plan in 1970 a successful retirement investment strategy that paid off in 2008. This Wednesday, November 16 is the fall conference of Vermont Businesses for Social Responsibility, with the them, “Resiliency in Uncertain Times.” VBSR executive director Andrea Cohen talked about why they chose the theme even before Tropical Storm Irene hit the state, and author and entrepreneur Bill Schubart discussed his take on resiliency. Schubart will moderate a panel on the theme Wednesday morning.

Canadian Gas Exports Threaten Energy Security

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Natural gas has been hyped of late as a way to reduce carbon emissions and reliance on oil and coal in business-as-usual growth scenarios. Much of this speculation rests on new technology to produce gas from previously inaccessible shale reservoirs.

Governing politicians in British Columbia have been particularly receptive to the perceived gold mine that could result from developing shale gas in northeast British Columbia and constructing the Pacific Trail Pipeline so that gas may be exported to Asia via a new terminal in Kitimat. Does this make sense considering the longer term interests of Canadians?

At Growth’s End

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In Extraenvironmentalist #28 we speak with Richard Heinberg about his most recent book The End of Growth which uses data on global economies and international energy supplies to argue that the paradigm of economic growth has ended forever. Richard says that while our economies will still grow in the future, they’ll be constrained to lower and lower rates of growth that won’t be able to support money systems and financial obligations

Das Blut der Welt (The Blood of the World)

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(In German) Stefan Aust and Claus Richter have created a two part documentary on the history of oil starting with whale oil and the move from conventional oil to unconventional oil. Includes analysis on depletion and geopolitical implications.

Includes interviews with: Colin Campbell, ASPO; Fatih Birol, IEA; Matthias Bichsel, Shell, Alexander Medwedew, Deputy CEO Gazprom; Christof Rühl, Chief Economist BP; Gerhard Schröder former German Chancellor; Martin Winterkorn CEO Volkswagen Group; Dieter Zetsche, CEO Daimler AG.

Peak oil narratives

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So, people tend to be attracted more by pleasant fables rather than by inconvenient truths. That doesn’t mean that truth needs to be unpleasant, negative, or apocalyptic. However, if we want to pass our message to the public, data alone are not enough; scientific results must be presented in ways that take into account the human side of the problems. How to succeed in this task is an open question, but Antonio Turiel, who keeps the blog “The Oil Crash”, has examined it in a recent post titled “running away from reality dedicated to the “Chemtrails” legend.

Peak oil – Nov 9

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– ASPO-USA Conference Takeaways
– IEA economist Fatih Birol: ‘We have to leave oil before it leaves us’ (interview)
– New book by Colin Campbell: Peak Oil Personalities
– Peak Cheese: the bleak science of cheese depletion

Hubbert’s third prophecy

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M.K. Hubbert: “Our principle constraints are cultural…we have evolved a culture so heavily dependent upon the continuance of exponential growth for its stability that it is incapable of reckoning with problems of non-growth…it behooves us…to begin a serious examination of the…cultural adjustments necessary…before unmanageable crises arise…”

Dmitry Orlov: “Hubbert was right. Again.”

The problem is described and solutions are offered.