Fossil Fuels

UK Government to work with business on plans to tackle peak oil threat

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Business leaders today welcomed a commitment by the Government to work with the private sector on contingency plans to protect the UK and its economy from the growing risk of rising oil prices. It follows a meeting between Chris Huhne, Secretary of State for Energy and Climate Change, and representatives from the UK Industry Taskforce on Peak Oil and Energy Security (ITPOES). During the meeting, the Secretary of State agreed that the Department for Energy and Climate Change and ITPOES should work more closely together on peak-oil threat assessment and contingency planning.

Commentary: ASPO-USA asks: “What are we missing?” – Part 1

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There are so many challenges facing us as a result of Peak Oil and related issues that it is easy to miss something important. ASPO-USA asked more than 50 leaders on Peak Oil to share what they felt was the most critical issue we’ve all been missing, the thing every one of us should be talking about – but aren’t. The answers were eye-opening, and have started a discussion that continues.

The case for a disorderly energy descent

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The energy descent from peak oil production imposes decades of contraction in the global economy. An orderly contraction, particularly in the US, is not likely for a number of reasons. The decline of the oil civilization is a phenomenon and spectacle of such complexity that understanding it requires a systems perspective. This summary of the case for a disorderly contraction and its core drivers demonstrates the capacity of systems tools to show the interlocking feedback structure that shapes how this momentous change plays out over time.

Fracking myths and climate capitalism

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Worried about high oil prices and exploding nuclear plants? Carry on shoppers, because we’ve found gold right under our feet – a bonanza of natural gas. Yes, fracking will fill your tank, heat your house, and light up the streets for another 100 years. At least that’s what we’ve been told. A new report out from the Post Carbon Institute pokes a sharp pin in the natural gas bubble. We’ll hear from energy analyst David Hughes.

ODAC Newsletter – May 20

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There appeared to be signs of growing panic behind the latest declaration from the International Energy Agency. The statement calls on oil producing countries to increase production and reduce costs in order to avert economic crisis. To date Opec members have been insisting that the market is well supplied and that prices are being driven by speculation…