Peak oil review – September 5
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Exxon deal
-The Marcellus gas estimates
-Dangers in the Middle East
-Quote of the week
-Briefs
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Exxon deal
-The Marcellus gas estimates
-Dangers in the Middle East
-Quote of the week
-Briefs
A midweek update of peak oil news, including:
-Developments this week
-Exxon, Moscow, and the Arctic
– Aleklett’s new book: “Peeking at Peak Oil”
– Economist James Hamilton on “Fundamentals, speculation, and oil prices”
– Has Peak Oil Come To The Non-Opec World? Maybe. (Forbes)
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Restarting Libyan exports
-The Keystone pipeline
-Gas in the Marcellus shale
-Quote of the week
Briefs
As rebels take Tripoli, foreign powers are eyeing the prize of Libya’s high quality crude oil. There are vast oil spoils to distribute. The Libyan oil industry produced 1.6 million barrels a day prior to the war. The country is thought to have 46 billion barrels of reserves – the largest in Africa.
As long as communities still rely on centralized, fossil-fuel powered energy plants to generate power, democratization of the electrical grid will remain a dream. But the past 10 years have seen an exponential growth in the adoption of renewable energy alternatives, namely home solar and wind power, which presents an unprecedented opportunity for transformation.
A midweekly roundup of peak oil news, including:
-Developments this week
-Restarting Libyan production
A government of Alberta cabinet briefing note dated Aug. 3, 2011 says, “Shale gas environmental concerns in the media and in the public in other jurisdictions are potentially problematic for energy development and environmental management in Alberta.” The note also reveals that one of Canada’s most powerful lobby group, the Canadian Association of Petroleum Producers, has approached the Alberta government about shale gas issues in order “to enhance public communication.”
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Middle East
-Global power shortages
-Quote of the week
-Briefs
Markets plunged again on Thursday as warnings of a double dip recession grow louder. Morgan Stanley described the eurozone and the US as “dangerously close to a recession”. Yet oil prices have softened only slightly, and Brent crude remains above $105/barrel…
Back in the 1960s and 1970s, the country that was the “big growth story” was the Soviet Union. Its oil consumption grew by leaps and bounds. Its space program grew; its military program grew; and it became much more industrialized. But then something happened to stop the amazing growth story. The Soviet Union became the Former Soviet Union (FSU) in late 1991, and even before that, oil production and consumption slowed. It is not the purpose of this article to analyze precisely what happened, but it appears that at least part of the problem was a drop in the price of oil, starting about 1981…
In his book The Coal Question from 1865 William Stanley Jevons examined for how long the United Kingdom could continue to fuel its economy based on cheap supplies of coal. At the time the UK consumed about 93 million tons of coal providing nearly all of its energy supply. His estimate was that within a maximum of a hundred years, or perhaps even within one or two generations, production would be in retreat due to an increase in the cost of mining which would, in Jevons’ words, “Injure the commercial and manufacturing supremacy of England.”
In this post I’ll look back at history to show that Jevons correctly foresaw the fate of the British coal industry. In Britain a peak in production occurred around 1913 caused by increasing coal mining costs, lack of technological innovation, rising competition from abroad, a number of political decisions disadvantaging coal as a fuel source, declining profits, and a slump in British economic growth coinciding with World War I.