Oil

Major reports point to oil supply turmoil and price volatility

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Major energy reports published this year are pointing to a significant rise in the price of oil due to supply constraints sometime over the next three years – the only disagreement is how soon.

So far 2010 has seen three international reports considering the future of oil production, demand and prices. These were published by high profile groups that command widespread respect – in turn, a collection of UK industrialists, the US military and a joint effort between Europe’s most recognized insurance company and a politically connected think-tank.

Largely ignored by the media, and considered separately online as they came out, it is interesting to do a compare-and-contrast between documents produced for widely different audiences on each side of the Atlantic.

The simple future beyond oil: The convergence of our economic and ecological futures and the importance of change

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We are living through “interesting times”; credit crises, recession and rising debt threaten to destabilise nation states. Whilst reckless bankers and traders might have a certain amount of responsibility, if we are to understand the larger processes that are driving these trends we need to stand back and look at the human system as a whole. Change is inevitable – it’s one of the implications of the Laws of Thermodynamics. What we need to understand is the way human ecology works within these natural physical processes, how the contradictions between human systems and these natural processes define what is “unsustainable”, and what this means for our future as we adjust to the natural limitations of our environment.

Peak oil, coal, lithium, phosphorus …. Aug 22

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– Peak oil alarm revealed by secret official talks
– What if there’s much less coal than we think?
– Peak Everything – a libertarian view
– Go solar before it’s too late!
– Think OPEC exports won’t decline? You’re living in a dreamworld

The illusion of individual risk

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Every society attempts to determine which risks will be borne by the individual and which will be borne by the community. My task is to convince you that the idea of individual risk is flawed, and that to the extent we organize our society around it we are being hoodwinked by a false libertarian ideology, one that tells us there are choices available to the individual the consequences of which will fall only to that individual.

ODAC Newsletter – Aug 20

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OPEC followed the IEA this week by revising its monthly oil demand forecast for 2010 and 2011 upwards. OPEC now forecasts an increase of 140,000 barrels to reach 86.56 million barrels per day (bpd) in 2011. This figure is still 1 million bpd shy of the IEA forecast and assumes stable US demand. Growth is anticipated to come from the emerging economies, which was underlined by news this week that China has now overtaken Japan as the second largest economy…

Review: Transport Revolutions by Richard Gilbert and Anthony Perl

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Transport Revolutions presents an ambitious vision of a world, 15 years from now, that is well on its way to kicking oil and being run on renewably produced electricity. The book’s authors, internationally recognized transport policy experts Richard Gilbert and Anthony Perl, readily acknowledge the enormity of this challenge, with transport worldwide currently 95 percent dependent on oil.

Up Water Tower Hill

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In “The Story of Here Begins” I asked myself the question: Setting aside the issues of the wide world for a second, who and what are right here under my nose? Well, from the top of Water Tower Hill, one answer is abundantly clear: My little ten-mile world is filled with cars. Lots and lots and lots—a god king hell of a lot—of cars. A large slice of the blame for a century’s worth of wrong turns can be laid at the feet of this one invention. More than any other single toy in the playroom of technology, it has enabled us to go completely crazy—and to get there in air conditioned comfort and style!

Remembering the remarkable Matthew R. Simmons

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Matt Simmons was arguably the most influential individual on this side of the Atlantic to warn about the coming peak-and-decline of world oil production. Beginning in 2001, when he published his ground-breaking white paper on the world‘s giant oil fields, Matt alerted presidents, politicians and whoever else would listen that our energy joyride was headed for deep trouble. He drove himself tirelessly, riding the speaker circuit at breakneck speed, visiting some 25 countries to deliver over 400 fact-filled energy talks to industry, investment, academic, and general interest audiences.

Then, suddenly, he was gone.