Peak oil notes – Aug 12
A midweek roundup of peak oil news, including:
-Supply and demand
-IEA’s monthly oil market report
A midweek roundup of peak oil news, including:
-Supply and demand
-IEA’s monthly oil market report
Every year the National Conference of State Legislators (NCSL) holds a conference where legislators from all over the U.S. gather for updates on major policy concerns. This year the organization found that issues surrounding the future of nation’s energy supply were becoming of such paramount importance to state governments that it set up a task force to study the issues; produced a report on meeting the energy challenges; and devoted a whole day prior to the annual meeting to an “Energy Policy Summit.” … A key unstated issue was completely ignored: resource depletion
Oil and safe drinking water are on parallel courses to depletion – a scarcity that will lead to starvation, disease and warfare. The issue here is drinking water. And there is a lot less of that than seawater. Due to a number of management issues, made worse by climate change, drinking water is fast becoming a geopolitical resource to rival oil – a flashpoint at various places around the globe.
Global warming is not a standalone issue. At the same time as we are trying to decarbonize our entire society and cope with the erratic weather events of early climate change, we are simultaneously being hit with peak oil and economic contraction.
Energy Investment banker and leading peak oil proponent Matthew Simmons died suddenly on Sunday [Aug. 8], following an apparent heart attack. While Simmons did not come up with the idea of peak oil – geophysicist M King Hubbert first published the theory in the 1950s — he arguably did more than anyone to publicize it. It was Simmons’ 2005 classic Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy, that turned discussion of peak oil from a fringe environmental concern into something with business pages credibility.
The Gulf of Mexico’s capacity to recover from previous environmental assaults — especially the 1979 Ixtoc explosion — provides encouragement about the prospects for its post-Deepwater future. But scientists remain worried about the BP spill’s long-term effects on the health of the Gulf and its sea life.
If human civilization is to make the move to a steady state economy that provides prosperity without growth, it must meet people’s basic mobility needs without reliance on fossil fuels. The U.S. requires a revolutionary transformation of its transportation systems, and recent experience with the downsides of oil provides a potent political push to overcome inertia.
Looking at the news, most current stories have a common thread. Wars over oil; oil spill; catastrophic flooding in Pakistan and record cold waves in the Southern Hemisphere; wheat prices up on drought in Russia; forest and peat fires from the heat; economies cratering from higher energy costs and banking bubbles; states, provinces, and municipalities teetering on bankruptcy; unemployment skyrocketing; right-wing militant groups finding traction; civil rights trampled as authoritarianism hardens; and billions still being spent to keep people in the dark on peak oil and climate change.
Matthew R. Simmons, founder of the Ocean Energy Research Institute in Rockland, Maine, passed away suddenly on Sunday. He is survived by his wife, Ellen, and their five daughters. Mr. Simmons was also former chairman of Simmons & Company International. Details of services are pending. In lieu of flowers, the family asks that donations be made to the Ocean Energy Research Institute.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Macondo well
-In the Congress
-Peak Coal?
-Quote of the week
-Briefs
Every year the National Conference of State Legislators (NCSL) holds an annual conference where legislators from all over the US gather for updates on major public policy issues facing the nation. This year the organization found that issues surrounding our country’s future energy supply were becoming of such paramount importance to state governments that it set up a task force to study the issues; produced a report on meeting the energy challenges; and devoted a whole day prior to the annual meeting to an ―Energy Policy Summit‖ where some 15 speakers gave presentations on various aspects of energy.
There was an almost audible sigh of relief this week in the US as BP and the White House proclaimed the ‘static kill’ procedure on the Macondo oil well a success. With elections approaching the Obama administration will be keen to draw a line under the oil spill and focus on other issues, as reflected by a surprisingly upbeat press conference on Wednesday in which officials announced not only the plugging of the well but also the apparent disappearance of 75% of the spilled oil…