Peak oil review – May 16
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Mississippi flood
-The IEA’s monthly report
-China’s problems
-In Washington
-Quote of the week
-Briefs
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Mississippi flood
-The IEA’s monthly report
-China’s problems
-In Washington
-Quote of the week
-Briefs
Marcus Aurelius didn’t know about entropy, but he had very clear how the universe is in continuous flow. Things change and this is the only unchangeable truth. I think this is our destiny and what we have to do. Likely, we won’t be able to save the world we know. Probably, we won’t be able to avoid immense human suffering for the years to come. Yet, we must do our best to try and – who knows – what we’ll be able to do might make a difference. I think this is the lesson that Marcus is telling to us, even from a gulf of time that spans almost two millennia.
Oil demand appears to finally be responding to high oil prices, most significantly in the US where petrol prices have hit $4/gallon. The IEA cut its 2011 demand forecast by 190,000 barrels/day on news of increased US stockpiles and reduced consumption, and prices dropped back from recent highs to around $110/barrel for Brent…
“The most important conclusion of this paper is that the peak of global coal production from the existing coalfields is imminent, and coal production from these areas will fall by 50% in the next 40 years. The CO2 emissions from burning this coal will also decline by 50%. Thus, current focus on carbon capture and geological sequestration may be misplaced. Instead, the global community should be devoting its attention to conservation and increasing efficiency of electrical power generation from coal.”
A midweek roundup of peak oil news, including:
-Developments this week
My attempt to introduce –from the inside- peak oil as a public health threat illustrates how a regime of truth controls the agenda of schools of public health.
The shale gas industry might brush up on its John Lennon (“Life is what happens while you’re busy making other plans.”). Alerted numerous times of fast-coming federal regulation unless it goes transparent and begins to police itself, the industry’s hard-liners have dug in under the assumption that — as has befallen so many other seemingly inevitable business reforms — this one too will die of its own accord.
A detailed new energy report argues that the natural gas industry has propagated dangerously false claims about natural gas production supply, cost and environmental impact. The report, "Will Natural Gas Fuel America in the 21st Century" is authored by leading geoscientist and Post Carbon Institute Fellow J. David Hughes.
“Why free inhalers? Because COAL CARES,” announces a website that claims to be “a goodwill campaign from your neighbors at Peabody Coal.” But Coal Cares is actually a spoof done in the culture-jamming style of Adbusters or The Yes Men by a new coalition called Coal Kills Kids. It’s good fun with a purpose — to debunk industry claims that coal is safe.
Hour two, on day two, of Midday’s special series Power Ahead continues looking at fossil fuels. The focus of this hour is coal. Our guests this hour are Richard Heinberg, author and senior fellow, Post Carbon Institute., Don Shields, executive director, Center for Energy, University of Pittsburgh, Roger Bezdek, clean coal and energy security advocate and Mike Moore, president, Maryland Coal Association.
-Japan to Cancel Plan to Build More Nuclear Plants
-Nuclear commission pinpoints 2021 for German atomic shutdown
-Shrinking Oil Supplies Put Alaskan Pipeline at Risk
-Methane contamination of water rises near to shale gas sites, study shows
-France set to heed shale oil protests
Humans have an innate need for status and for novelty in their lives. Unfortunately, the modern world has adopted very energy- and resource-intensive ways of meeting those needs. Other ways are going to have to be found as part of the move to a more sustainable world.