Peak oil review – May 28
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The EU crisis
-Iran
-Retail gasoline prices
-Quote of the week
-Briefs
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The EU crisis
-Iran
-Retail gasoline prices
-Quote of the week
-Briefs
G8 leaders meeting last weekend in Camp David will have been cheered by the recent slide in oil prices – albeit that the weakening in price is largely a consequence of the increasingly dire economic news. Nevertheless the group issued a statement to the effect that should the price start heading back in the other direction they will be calling on the IEA to take action…
-Busting the carbon and cost myths of Germany’s nuclear exit
-The energy transition juggernaut
-Clean energy as culture war
A weekly review including:
-Oil and the Global Economy
-The EU Crisis
-Iran
-Quote of the Week
-Briefs
Apollo is a small town in western Pennsylvania, part of the old coal and steel belt that surrounds Pittsburgh. The people who grew up there have learned what harm the corporations who employed them and their relatives and friends have done and continue to do. Men, women, and children were poisoned by that uranium fuel plant and that glass plant. Yet, for the most part, they ignore this, content to contemplate instead their “warm and fuzzy” memories, as one person put it.
The prospect of weaker oil demand in the face of the Euro crisis was balanced this week by warnings from the IEA and Saudi Arabia. Sadad al-Husseini, the former head of Exploration and Production at Saudi Aramco, wrote that “$100 for Brent is quite a correction and it will be a challenge to sustain such a low price beyond the short term”…
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The EU at a crossroads
-China slowing
-IEA’s monthly report
-Quote of the week
-Briefs
Fears of a new phase in the European debt crisis, a decline in oil imports to China in April, and the prospect of a new round of international talks on Iran’s nuclear programme have seen oil prices drop back from recent highs in the past two weeks. Despite all this however, and reports from OPEC that it bolstered supply by 320,000 barrels in April, Brent oil still stands around $112/barrel.
– Thomas Homer-Dixon: Exploring the climate “mindscape” (oil supplies and energy junk)
– Government influence is negative for energy fuel policy
– The German Switch from Nuclear to Renewables
– Scientists’ Arctic drilling plan aims to demystify undersea greenhouse gases
– Ancien directeur de TOTAL: Nouvelles découvertes et gaz de schiste retarderont à peine le pic pétrolier
A mid-weekly roundup of peak oil news, including:
-Developments this week
For nearly 25 years now, the idea that it might be possible to extract unlimited amounts of energy from the nucleus of a hydrogen atom at low temperatures has been pretty much in disrepute. When major laboratories were unable to detect nuclear reactions on their work benches back in 1989, the whole notion of what was then called “cold fusion” was debunked as junk science and for most remains so to this day. Fortunately however, a few scientists kept plugging away on just how one could get heat from the nucleus of a hydrogen atom. Now their efforts seem to be paying off.
In a week in which the Leveson inquiry shone a light on the overlap between big business and politics, news that Shell made £2m an hour in Q1 demonstrated only too well why creating the political will to move away from oil appears to be such an uphill battle.