Peak oil review – April 4
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Conflict in the Middle East
-Japan
-Obama’s Energy Plan
-Quote of the week
-Briefs
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Conflict in the Middle East
-Japan
-Obama’s Energy Plan
-Quote of the week
-Briefs
However, when we look at the global economy from the point of view of a long-term decline in global net oil exports, it seems very likely that, to paraphrase a famous quote, what can’t be funded and maintained won’t be funded and maintained; and that the funding and maintenance problem will probably continue to become most apparent in the short term in American suburbia and exurbia.
-International Conference on Global Land Grabbing
-Coalition Government ‘must step up to the plate on sustainable food’
-Subsidies and the “True Cost of Food”
-Kenyans fear Dakatcha Woodlands biofuel expansion
-Who feeds Bristol? Towards a resilient food plan
-Huber warns EU president of glyphosate danger to livestock and plant
The oil price firmed to around $117 this week as evidence emerged of the impact of the Libyan crisis on the oil supply. Bloomberg reported that OPEC oil output dropped in March as Saudi Arabia failed to make up the loss in production from Libya. Reuters reported that Saudi has unexpectedly called on oil companies to expand its drill count by 30%. It is not clear whether this is in an attempt to add further spare capacity, or whether the kingdom is struggling to raise production.
The disjointed news flow from Tokyo Electric Power Company (Tepco) continues to provide a confusing picture of the status of the 4 crippled nuclear power stations at Fukushima Dai-ichi on the East coast of Japan. This is leading to a very broad spectrum of opinion on the actual status and future consequences. The spectrum of opinion ranges from those who argue that Fukushima Dai-ichi is on course to become a Chernobyl scale incident or worse, to those who argue this is a storm in a teacup pointing out that reactors have been hit by a large earthquake, gigantic tsunami and survived with minimal casualties so far. So where does the truth lie?
A midweek peak oil roundup, including:
-Developments this week
-America’s new oil policy
What I object to is this style of science based on press releases which are only hype and no substance. I understand that scientists are human beings and they like to be in the spotlight once in a while. I understand also that one may need to use these methods in order to get research grants. But, in the long run, this is something that only generated false hopes and disillusion.
There are so many things to consider here—the actual safety, the consumer acceptance, and what other food is available. In some countries after Chernobyl, health and environment officials simply increased the threshold for safety. The rationale was that it was better to eat some fresh foods that had a bit of radioactivity than to eat only processed, imported foods. It will take a lot of monitoring to sort through this over time.
At the same time, it’s important to have a realistic understanding of efficiency’s limits. Boosting energy efficiency requires investment, and investments in energy efficiency eventually reach a point of diminishing returns. Just as there are limits to resources, there are also limits to efficiency. Efficiency can save money and lead to the development of new businesses and industries. But the potential for both savings and economic development is finite.
I think it’s this sudden growth of biofuels that is the main shock to the global food system that has led to a reversal of the decades long fall in prices, and in fact price spikes in the last five years.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Conflict in the Middle East
-Japan
-Quote of the week
-Briefs
Based on geology, many analysts have forecast the onset of the decline of world oil production in the next 2-5 years. Legitimate national interests, mismanagement, and political upheaval can only hasten that onset.