Peak oil review – December 12
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Europe in the breach
-China slipping
-Notes from the World Petroleum Congres
-Quote of the week
-The Briefs
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Europe in the breach
-China slipping
-Notes from the World Petroleum Congres
-Quote of the week
-The Briefs
-E.P.A. Links Tainted Water in Wyoming to Hydraulic Fracturing for Natural Gas
-Shale gas drilling’s dirty secret is out
-Encana throws cold water on EPA report
-Ex-oil worker blasts shale gas industry
-No U.S.-style shale gas boom in EU: E&Y
-Petrochina says new shale gas find tough to develop
While the Bakken boom offers a hopeful story in which American ingenuity and nature’s endless bounty emancipate us from energy oppression and dependence on evil and oppressive foreign dictators, musings of energy independence are premature, misguided and misleading. The problem with the Bakken story as told by Crooks and others is that it lacks historical context. Referring to recent developments as an energy revolution implies that there are no lessons to be learned from history. But as Mark Twain put it, “history doesn’t repeat itself, but it does rhyme.”
– Five Truths About Our Energy Future (from the IEA’s Fatih Birol)
– Is Oil Fueling the Rise in Political Partisanship? (analysis)
– Peak oil debate losing relevance due to new upstream technology: Repsol CEO
– David Strahan: Has the world reached economic peak oil?
If there is one unshakable belief in America today it’s that the U.S. economy can and must continue to grow. That’s why the messages delivered in November in Washington D.C. at a gathering of oil geologists, scientists, economists and others challenging that core belief went largely unheeded in the nation’s capital. The approximately 300 people who attended the 7th Annual Conference of the Association for the Study of Peak Oil–USA (ASPO-USA) in the shadow of the U.S. Capitol were told that economic growth is no longer possible as oil production flattens and declines, that U.S. energy independence is impossible and that domestic shale gas will fall far short of fueling American prosperity even while polluting the nation’s vital aquifers.
Mortimer Zuckerman, the chairman and editor in chief of U.S. News & World Report, announced on November 25, 2011 that America’s energy problems are over thanks to the shale gas revolution. Unfortunately, this is not really true.
The primary contributor to the US becoming a net exporter of refined products and the primary contributor to the decline in US net oil imports is declining consumption in the US, as the US and many other developed countries have been forced, post-2005, to take a declining share of a falling volume of Global Net Exports (GNE), which are calculated in terms of Total Petroleum Liquids.
The WSJ reporters are taking a symptom of Peak Exports, i.e., declining US oil consumption, and presenting it as a positive story.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Sanctioning Iran
-Turmoil in Europe
-Saudi growth
-Quote of the week
-Briefs
For years, governments, industry, and TV ads told us natural gas is the safe bridge fuel while we move away from dirty coal and oil. Cornell University scientist Robert Howarth wondered “Is that true?”…Program includes 27 minute speech by Professor Robert Howarth of Cornell at ASPO USA 2011, November 2nd in Washington D.C. recorded by Carl Etnier of Equal Time Radio, Vermont…Then a follow-up interview this week with Robert Howarth, to fill in his hurried climax of the speech…that methane emissions, when calculated over 20 years…could add up to at least 44% of all greenhouse gas emissions in the United States!
As global energy production peaks, our consumer-driven society is being forced to rethink its values and creatively adapt to a less energy intensive world. Richard Heinberg, senior fellow of the Post Carbon Institute and author of The End of Growth joins Luke to discuss the end of consumerism.
In recent years, we have heard statements indicating that it is possible to decouple GDP growth from energy growth. I have been looking at the relationship between world GDP and world energy use and am becoming increasingly skeptical that such a decoupling is really possible.
Although the Canadian Gas Association calls methane a versatile, abundant and safe fuel, its unconventional cousin, shale gas, has been shaking the ground all the way from Lancashire, England to Dallas, Texas.