The Norwegian gas bubble will soon burst
The Norwegian gas adventure will end much earlier than the authorities have stated. In ten years production will decline dramatically according to new calculations from Uppsala University.
The Norwegian gas adventure will end much earlier than the authorities have stated. In ten years production will decline dramatically according to new calculations from Uppsala University.
The Chief Executive Officer of insurance giants Lloyds is warning that the world is facing a “period of deep uncertainty” over the decline of fossil fuels – and may soon be coping with $200-a-barrel oil.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Deepwater horizon
-Has the EIA admitted to peak oil?
-Quote of the week
-Briefs
Two months ago the PBS show, “NOW,” examined the issue of hydraulic fracturing and its apparent environmental and health impacts. PBS built its story around the exceptional efforts of Josh Fox, the maker of the recent award-winning documentary, “Gasland.”
A weekly roundup of peak oil news, including:
-Production and prices
-the Deepwater horizon
-Venezuela
-Quote of the week
-Briefs
-Energy stat of the week
Resource collapse is bigger than peak oil, and bigger even than the projected depletion of natural gas, coal and uranium – it encompasses each and every natural resource extracted, exploited or otherwise processed on an industrial scale. We’re experiencing problems with our living environment – climate, soil and water – that are more than just energy issues.
More than 90 per cent of the world’s energy comes from non-renewable sources – and its decline can be projected on a Hubbert bell chart. It’s just that we are more familiar with the concept of peak oil. After all, oil is the world’s largest source of energy, and the size and immediacy of the problem tends to overshadow debate on the remaining energy sources. But Hubbert’s model proves versatile, as the exploitation of any non-renewable resource – from oil to uranium – follows similar patterns.
Occasionally you come across an anti-peak-oil polemic that’s so self-defeating that it makes you wonder if our problems might not in fact be a lot greater, and more urgent, than you had previously considered.
A weekly roundup of peak oil news, including:
-Prices and production
-Iraq
-Iran
-Power shortages
-Quote of the week
-Briefs
On January 28th, 1969 the Union Oil Company’s Platform A, located six miles from Santa Barbara, CA experienced a “blow-out.” Highly pressurized deposits of natural gas pushed upward against the newly bored well causing oil to leak from the pipe and casings…The blow-out was devastating. Ironically, and tragically, this year’s Earth Day celebrations coincided with another oil rig blow-out, this time offshore of Louisiana. Like other recent mining disasters, the explosion and sinking of the rig caused by a well blow-out has claimed the lives of at least eleven workers.
Oil demand was down this week — as were most European flight schedules. The eruption of the Eyjafjallajokull volcano wrought further damage to the airline industry,which is already on its heels as a result of high fuel prices and recession…
-Ritter OKs bill on natural-gas power plants
-Three themes emerge from Algeria’s gas exporters’ meeting
-Gas exporters push for prices to be linked to crude
-A contrarian makes another call – this time, natural gas
-UK natural gas storage: The politics, and the pundits