Oil

Creating a post-peak future you will want to live into

by

The future most people are living into is beginning to disappear. The financial crisis threw the first punch, but oil depletion will deliver the knockout blow. The moment people realize that the society they have known their whole life can no longer function the same way without the energy provided by oil, it will become glaringly apparent that the future will be very, very different.

Interview with Jeff Rubin, part 2

by

“Everybody gets peak oil in some sense because, you know, what’s BP doing drilling in a mile of water at the Macondo well, or planning to develop the Tiber field which is much deeper below the ocean floor? Or for that matter, what’s Suncor doing in the tar sands? We’re there because that’s all that’s left. They may not want to articulate it as peak oil, but their actions speak louder than their words.”

Laughs for doomers

by

Boris Yelnikoff is a self-described “Nobel-level thinker” who feels beseiged by “microbes,” one of his many terms for people who don’t see “the big picture.” And, what’s the big picture? He tells us in the first five minutes of Woody Allen’s latest movie, “Whatever Works,” when he says, “On the whole, I’m sorry to say, we’re a failed species.”

BP’s deadline to give facts on Gulf oil spill

by

BP has been given until Friday, July 2 to provide documentary evidence establishing exactly what is happening behind the scenes at their ongoing Gulf of Mexico oil spill. This material would answer current worst-case scenario speculation about the state of BP’s Mocando wellbore – whether it is structurally compromised – and the ongoing attempts to dig relief wells…The demand comes in a letter written by Congressman Edward J. Markey, chairman of the Energy and Environment Subcommittee.

ODAC Newsletter – June 25

by

The IEA’s latest medium term report on oil and gas presents a rosier outlook than before. The supply-demand balance will be easier than previously forecast, the Agency now says, as continuing economic weakness dampens demand growth, and stronger oil prices encourage more investment in production capacity. But the report hedges its optimism, warning that potential geopolitical eruptions, and ripple effects from the Deepwater Horizon disaster on offshore drilling remain as risks…

Gulf drilling freeze lifted as oil disaster worsens

by

A U.S. federal judge has blocked the six-month moratorium on offshore oil drilling, just as more credence is being given to the notion that the Deepwater Horizon disaster has resulted in multiple leaks on the seafloor – due to well casing damage – making containment a munch lengthier process.

Peak oil — a crisis postponed

by

As the global economy goes, so goes oil demand. If the outlook for the global economy is not so good, oil consumption will stagnate or increase very slowly. If oil demand grows slowly or not at all, consumption will remain below the world’s productive capacity, as measured in millions of barrels-per-day. If oil demand remains below the available supply, there will be no oil price shock.

The lost civilization: Finding a reality-based frame of reference in the age of delusion

by

We are a lost people. Here in the frantic, waning days of industrial civilization, we have almost completely lost our bearings. We no longer know who we are, what we are, when we are, where we are, or why we are. And as we prepare to embark on a harrowing descent from our civilization’s peak, it would behoove us to find an honest, reality-based frame of reference. So let’s get out our navigation equipment — it’s time we ‘found’ ourselves!

BP-style extreme energy nightmares to come

by

On June 15th, in their testimony before the House Energy and Commerce Committee, the chief executives of America’s leading oil companies argued that BP’s Deepwater Horizon disaster in the Gulf of Mexico was an aberration — something that would not have occurred with proper corporate oversight and will not happen again once proper safeguards are put in place. This is fallacious, if not an outright lie.