Insight and inspiration in turbulent times.
– Oil Without Apologies: Chevron’s CEO on energy and peak oil
– Japan, Oil and the Fragility of Globalization
– Thinking about peak oil and Transition in Ghana
– While the Saudi elite looks nervously abroad, a revolution is happening
The IEA reported this week that there are preliminary signs of oil demand destruction due to soaring prices. Goldman Sachs underlined this viewpoint on Tuesday by advising its clients to sell oil, copper, platinum and cotton. Prices fell in response, although concern over conflict in the Middle East and Saudi production saw prices nudging up again by the end of the week.
Instead of Saudi production increasing to compensate for Libya, total world production decreased, and oil prices went up sharply to enforce the necessary conservation on the world’s oil consumers.
A midweek roundup of peak oil news, including:
-Developments
-The Oil Market Report
The International Monetary Fund recently released its latest World Economic Outlook (WEO), April 2011. Chapter 3 of this document is titled, “Oil Scarcity, Growth, and Global Imbalances” (36 pgs). As far as this author is aware, the IMF has not done any previous work on peak oil, and the new Outlook seems to be the first acknowledgment by the IMF that the peaking of global oil production is a situation which could be both imminent and serious.
– Bolivia enshrines natural world’s rights with equal status for Mother Earth
– Bolivia After the Storm (raising fuel prices)
– German Greens on the rise
– WikiLeaks cable: Politicians, military – not militants – behind most Nigeria oil thefts
Rob Hopkins describes our fossil-fuelled industrialised lifestyle as an addiction. We’re addicted to oil. And that presents humanity with a major dilemma: we find ourselves stuck inside a destructive self-replicating system with very few ideas of how to get out of it. We can either get together and find ways to liberate ourselves, or face the consequences of a planetary meltdown. Tough call either way.
Reviews of three novels set in the wake of the oil age:
– Player One by Douglas Coupland
– Ship Breaker by Paolo Bacigalupi
– Afterlight by Alex Scarrow.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Conflict in the Middle East and North Africa
-Japan
-The fear factor
-Quote of the week
-Briefs
The Heirloom covers a lot of intellectual ground without leaving a small geographic area. In addition to casting a penetrating look at our present and potential future, it serves as a coming-of-age story for young Ben Naiche, who is torn between the rapidly vanishing techno-world and the rapidly vanishing remnants of his native heritage.
“You’re so pessimistic,” one student said. Another added, “There are alternative energy sources and electric cars that are coming along.” Yet another said, “Look, oil prices are high because of speculation –there’s really lots of oil left.” … Another, who had not spoken during the discussion, said, “I get what you’re saying; it’s pretty damned late to be thinking about this stuff if you’re right, isn’t it?”
– Shell’s outgoing UK boss has seen oil firm’s role shift in a changing climate
– Edward Burtynsky’s Oil Exhibition Shines
– Energy and Security Issues in the Red Sea Transforming as the Age of Gas Begins in Earnest
– Fukushima Daiichi and Decision Time
– Fukushima Nuclear Disaster at One Month: The Explosion of Nukespeak
