Fossil Fuels

UK riots’ resource and cultural roots: an in-the-trenches report

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Youngsters are running riot around the country. Some of us, who work in education and on the ‘street’, predicted and warned of this possible eventuality. It has happened. Our kids have been trained to consume; have been thwarted by lack of progression and aspiration. …. The middle classes didn’t bother about the ‘ghettos’ of housing estates where such behaviours have been going for years, and, us, working in these areas, just knew that eventually something would kick off. Well, it has.

When the sovereign falls: Is this the endgame for world markets?

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Back in May in response to a question during an interview I suggested that when the sovereign debt of a major nation is finally questioned, it will signal the endgame for the worldwide bull market in just about everything. That moment has arrived, and my thesis will now be tested.

And, I’m not talking about the United States. I’m talking about France.

ODAC Newsletter – Aug 12

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This week saw riots on Britain’s streets and in world markets. The IEA monthly oil report referred to the oil market as a ‘big dipper ride’ as Brent oil dropped below $100 for the first time since early February, before regaining some of the losses later in the week. Pundits compared the turmoil with 2008, but in some ways it looks far worse…

The peak oil crisis: technology

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Let’s face it! The whole fossil fuel thing – widespread use of coal, oil, and natural gas could not have happened without technological advances. Without the steam engine, the coal age would have been limited to a handful of people living near surface coal seams and burning coal for heat and cooking, and perhaps a little metal smelting. All the rest of the industrial age – the internal combustion engine and nearly everything else grew out of some technological development coupled and the abundant energy from fossil fuels.

A fifty million dollar tipping point?

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At a press conference on July 21, New York City Mayor Michael Bloomberg announced that he was contributing $50 million to the Sierra Club’s Beyond Coal Campaign. Michael Brune, head of the Sierra Club, called it a “game changer”. It is that, but it also could push the United States, and indeed the world, to a tipping point on the climate issue. It is one thing for Michael Brune to say coal has to go, but quite another when Michael Bloomberg says so. Few outside the environmental community know who Michael Brune is, but every business person knows Michael Bloomberg as one of the most successful business entrepreneurs of his generation.

Haircuts for All . . . or Free Money?

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To get past the wall of potential financial-monetary collapse, governments would have to resort to extraordinary emergency measures. In the best instance, this would create time and space to begin coming up with long-term, infrastructural responses to declining energy supplies and climate change—responses involving the redesign of transport systems, power generation and transmission systems, food systems, and so on. Of course, there is no guarantee that time, once gained, will be well spent. Nevertheless, in principle the wall can be traversed.

 

Canadian Government: Greenhouse gas emissions from tar sands may double by 2020

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A newly-released report from the Canadian government reinforces the looming environmental impact of tar sands oil: As producers ramp up their activity, due in large part from a projected increase in demand from U.S. refineries, greenhouse gas emissions from Alberta’s tar sands could double by 2020 compared to 2010 levels.

Norway’s mad killer, private justice and the future of the state

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Vigilante, klan, family and private justice, all are the path to barbarism today just as surely as they were when Aeschylus wrote the Oresteia. I will stand on the side of civilization for as long as I am able. The only alternative I see is what philosopher Thomas Hobbes called “a war of all against all.”

Book review: Beyond Oil Bust: Investigating Oil Economics, Society and Geopolitics

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In their recently published book ‘Beyond Oil Bust’ two researchers of the University of Nicosia [Cyprus], James Leigh and Predrag Vukovic analyze the dramatic changes in the supply and demand of one of the most important sources of energy, oil, and they point to possible negative repercussions for the geopolitical map of the world. The authors first of all analyze the role of oil in the world economy starting from the first years of the twentieth century till today.