Fossil Fuels

When oil and gas are depleted

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In this year, 2011, we are enjoying a lifestyle beyond the most optimistic dreams of past generations. We are benefitting from the whirlwind of achievements in science and technology during the last hundred years. There has never been a century like the one just passed, and there will never be another like it. Lifestyles will be very different when oil and gas are depleted.

ODAC Newsletter – July 29

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Profits were up at the supermajors again in Q2 as high oil prices offset the rising cost of new production. Shell’s Peter Voser said that high prices were having an effect on demand for oil, especially in Europe – this could be seen reflected in flat UK growth figures and weak numbers even for major German manufacturing companies.

The scourge of ‘peak oil’

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Energy derived from oil reaches, quite literally, every aspect of our lives. From the clothes we wear, to the food we eat, to how we move ourselves around, without oil, our lives would look very differently. Yet oil is a finite resource. While there is no argument that it won’t last forever, there is debate about how much oil is left and how long it might last.

Cut energy demand to meet shortage

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Between April last year and March this year, the world was struck by three Black Swan events that ‘everyone’ knew would happen, yet, strangely, seemed unprepared for when they did. The Gulf of Mexico oil leak, the political upheavals in the Middle East and North Africa (Mena) region and the earthquake-tsunami-nuclear tragedy in Japan are already inflicting history-altering impacts, not the least, because they have significantly and immediately reduced the world’s supply of cheap energy.

Impacts of shale gas and shale oil extraction on the environment and on human heath – Report

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At a time when sustainability is key to future operations it can be questioned whether the injection of toxic chemicals in the underground should be allowed, or whether it should be banned as such a practice would restrict or exclude any later use of the contaminated layer (e.g. for geothermal purposes) and as long-term effects are not investigated. In an active shale gas extraction area, about 0.1-0.5 litres of chemicals are injected per square metre.

This holds even more as the potential shale gas plays are too small to have a substantial impact on the European gas supply situation.

The present privileges of oil and gas exploration and extraction should be reassessed in view of the fact that the environmental risks and burdens are not compensated for by a corresponding potential benefit as the specific gas production is very low.

‘Malaise’: The last time a president told the truth about energy

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The anniversary of Jimmy Carter’s “Malaise” speech this month begs the question, Can a president talk to the public honestly about energy and survive? I say yes. The speech itself was brilliant. And the public loved it. If many other things hadn’t gone wrong, that speech could’ve saved Carter’s presidency and put America on the path to a sane energy policy while we still had time. Carter’s case offers a strong lesson for today.