Fossil Fuels

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.

2011 ASPO-USA Conference: Day 1

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I recently attended the ASPO-USA annual conference in Washington, DC. Overall, I found the presentations and discussion to be very engaging. The vibe this year had much less of a doomsday feel than last year and the topic of how best to tell an engaging Peak Oil story came up often. In the notes below I attempt to recap the sessions I attended with the caveat that these notes reflect primarily what I paid attention to. No attempt is made to be complete or unbiased in my coverage of the conference. I apologize in advance for any omissions or misrepresentations. In the next few weeks ASPO should make videos of the presentations available on aspo.tv.

Will the “economic price” limit oil production?

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In a widely-circulated article in September 2011, Chris Skrebowski, who runs a peak oil consulting firm and was editor of the Petroleum Review for eleven years until 2008, argued that there are two forms of oil peak. One is, or will be, caused directly by depletion – the oil is no longer in the ground in sufficient quantities for producers to be able to maintain production. The other is the economic oil peak, which he says is the “price at which oil becomes unaffordable to consume and therefore to produce.” He says that oil becomes unaffordable when the “cost of the supply exceeds the price economies can pay without destroying growth at a given point in time.” In other words, the unaffordable limit is passed when extra cost of the oil after a price increase captures all, or more, of the increase in income that the growth process seemed likely to deliver.

Peak oil: the five most common misconceptions

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As far as peak oil goes, most of us can agree that just as it did in the U.S. in 1970, global oil production will inevitably decline. The points of contention are the timing, the steepness of the decline, the impact on the global economy, and the ability of other energy sources to fill the supply gap. Some believe it will be a non-event, and some people believe it will be catastrophic.

I still believe in the Peak Lite scenario; in fact I think that view has been validated. I also believe that my view on the Long Recession is supported by the state of the economy as well as the continued strength in oil prices. As far as the consequences of peak oil, I believe that what we are seeing now with respect to the economy is a prelude to what we will see for the next few years

ASPO conference: Adapting to future scenarios

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I just attended the Saturday session of the 2011 ASPO USA conference…There were four morning sessions listed: Investor’s Roundtable featured Robert Rapier, whose R-Squared blog I read a bit, Community Adaptation and the Post-Peak Economy with ArchDruid John Michael Greer and Kollapsnik Dmitry Orlov, each of whom I follow a lot, Bringing Peak Oil into the National Policy Debate, and Innovative Communications, Writing a New American Story with Farmer/Author Sharon Astyk, who I also follow a lot. I chose Community Adaptation and sat in the front row.