Peak oil review – July 4
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Middle East – North Africa
-Energy Shortages
-The New York Times on shale gas
-Quote of the week
-Briefs
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Middle East – North Africa
-Energy Shortages
-The New York Times on shale gas
-Quote of the week
-Briefs
Every now and again it seems like a solution has been found to our energy problems, one that will allow us all to go on consuming (and wasting!) for decades, if not forever. In the last few years shale gas has bubbled to the top of the pile and is now being widely touted by the oil and gas industry as: a) a clean, green alternative to coal and oil; b) proof that Peak Oil/Gas is many years off; and c) a cheaper use of government subsidies than support for renewables.
“Equal Time” hosts a wide-ranging interview with Kurt Cobb, author of the peak-oil-themed thriller Prelude, and a separate interview with Vermont Law School faculty member Don Kreis about the courtroom battle over Vermont’s Yankee nuclear power plant.
The fallout from the IEA’s recent decision to release 60 million barrels of oil reserves continued this week. OPEC members criticized the IEA for “breaching its own principles” and interfering with the market. Traders too seemed little impressed with the move as prices recovered last week’s losses, as Greece drew back from the brink. After all, 60 million barrels is less than a day’s global consumption.
A recent series of studies and rebuttals have debated the greenhouse gas impacts of shale gas production as compared to coal. Post Carbon Institute Fellow David Hughes, author of the groundbreaking report, "Will Natural Gas Fuel America in the 21st Century?", provides an analysis of two conflicting studies. His conclusion: Shale gas is worse than coal for the climate over a 30-50 year timeframe, depending upon the technology used.
A midweekly roundup of peak oil news, including:
-Developments this week
-The Shale Gas Scam Goes Public
-Reality Check for the Natural Gas Boom: A Look at the NYT Shale Gas E-Mails
-Chesapeake Energy Corporation Comments on Inaccurate and Misleading New York Times Article
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Tapping the reserves
-China
-Quote of the week
-Briefs
-Behind Veneer, Doubt on Future of Natural Gas
-S.E.C. Shift Leads to Worries of Overestimation of Reserves
-Insiders Sound an Alarm Amid a Natural Gas Rush
Yale Environment 360 asked industry officials, scientists, and conservationists to answer the following two-part question: “Can hydraulic fracturing of gas and oil reserves in shale formations be done on a large scale without significant negative impacts on water supplies, air quality, and local communities? As fracking continues to expand rapidly, do you believe more stringent federal and state regulations are needed and, if so, what should they be?” Among the wide range of views, one theme emerged: Shale gas fracking in the U.S., which to date has been less strictly regulated than other sectors of the oil and gas industry, is almost certainly headed for a period of tougher federal and state environmental controls.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Iraq
-The IEA’s reports
-China
-Quote of the week
-Briefs
Dubbed French version of Dubbed French version of the PCI video ‘300 Years of FOSSIL FUELS in 300 Seconds’. L’histoire humaine des 300 dernières années dont le développement repose sur les énergies fossiles.