Peak oil review – May 24
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Deepwater horizon
-Repercussions
-Sanctions on Iran
-Quote of the Week
-Briefs
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Deepwater horizon
-Repercussions
-Sanctions on Iran
-Quote of the Week
-Briefs
Oil spill update for May 24, including:
-What caused the disaster
-EPA weighs sanctions against BP
-Dispersants
-MMS deficiencies in Alaska
-Increasing insurance costs
As the work I do circulates around the nation and the world, I frequently encounter resistance to the use of the word “collapse” to describe the unprecedented changes that humans and the earth community is now experiencing. Many people insist that we should focus only on “Transition” and the “Great Turning” because these words make more bearable and palatable the challenges of present and future time. The word collapse, they argue, should be ditched.
“Let’s build a smarter planet.” This is IBM’s inspirational slogan, intoned as a benediction at the end of their 2010 advertisements. They do not say, “Let’s make a smarter adaptation to our planet Earth, out of which we were created and by which we are sustained.” It is the planet that is insufficiently smart, not its evolutionary prize-winning, big-brained, star tenant.
The blowout and oil spill on the Deepwater Horizon in the Gulf of Mexico was caused by a flawed well plan that did not include enough cement between the 7-inch production casing and the 9 7/8-inch protection casing. The presumed blowout preventer (BOP) failure is an important but secondary issue. Although the resulting oil spill has potentially grave environmental implications, recent efforts to limit the flow with an insertion tube have apparently been effective. Continuous efforts to slow or stop the flow include drilling two nearby relief wells that may intersect the MC 252 wellbore within 60-90 days.
Oil prices fell below $70/barrel this week before recovering slightly. The drop reflected market nervousness about the gravity of the Euro crisis and its potential impact on the global economy, coupled with continued high US crude oil stocks. In the meantime all eyes continue to be focused on the Gulf of Mexico where challenges to BP’s estimate of the size of the oil spill is further damaging the credibility of the company…
While lying awake late at night worrying about what kind of world my children will inherit, I find it helpful to come up with schemas for the most obvious and inevitable of the large societal problems. It makes them seem slightly more manageable to place them in order of importance, or time. Further, being clear on what are the biggest and most important problems is an essential prerequisite to thinking about solutions: these problems all interact, and solutions to the smaller of them may not be radical enough to address the larger of them.
Cars promise mobility, and in a largely rural setting they provide it. But in an urbanizing world, where more than half of us live in cities, there is an inherent conflict between the automobile and the city. After a point, as their numbers multiply, automobiles provide not mobility but immobility, as well as increased air pollution and the health problems that come with it. Urban transport systems based on a combination of rail lines, bus lines, bicycle pathways, and pedestrian walkways offer the best of all possible worlds in providing mobility, low-cost transportation, and a healthy urban environment.
-Dark Mountain: Issue 1
-Natural Regression
-‘Historic’ day as first non-Latin web addresses go live
-The Coming Greenhouse World
If you have to pose the question in today’s title, then you have also gone a long way toward answering it. When I say “the world” I am referring to the global economy in the short-term (within 1 year). I don’t doubt “the world” is falling apart in the long-term, but that will takes years (oil price shocks) or decades (dead oceans) to unfold. Obviously, shorter-term outcomes influence the timing of (still inevitable) longer-term outcomes.
A midweek roundup of peak oil news, including
-Prices and production
-Deepwater Horizon
-Iranian nuclear fuel
-BP bows to demands from Congress and scientists for live feed of oil leak
-Gulf spill reminds America: The era of ‘easy oil’ is over
-How the global oil watchdog failed its mission (1/3)