Peak oil review – Apr 12
A weekly roundup of peak oil news, including:
-Prices and production
-China’s drought
-Venezuela’s power crisis
-Oil prices and economic recovery
-Quote of the week
-Briefs
A weekly roundup of peak oil news, including:
-Prices and production
-China’s drought
-Venezuela’s power crisis
-Oil prices and economic recovery
-Quote of the week
-Briefs
U. S. Secretary of Transportation Ray LaHood may soon be nominated for heresy-of-the-year award for an impromptu speech at the 2010 National Bike Summit last month. In that speech he said federal transportation policy will no longer favor automobiles over bicyclists and walkers. As anyone who regularly rides a bicycle knows, this change is big precisely because automobiles and bicycles share much of the same infrastructure. But this very fact may bode ill for the bicycle in a post-oil future.
We cannot expect our government leaders to help society transition off of heavy oil dependence on account of their being controlled by “big business” interests. Therefore, it is up to average citizens to create the reforms that lead into localized economic and social development.
– US military warns oil output may dip causing massive shortages by 2015 (Guardian)
– Will peak copper haunt us before peak oil?
– Energy Secretary Chu’s optimistic view of energy future at EIA conference
– German study quantifies speculative premium in crude prices
– Horse-drawn Hummer
Improved job creation data in the US along with strong Asian demand led to a run on oil prices this week taking the price of a barrel beyond $87 and out of the ‘goldilocks’ $70-$80 territory of recent months. Forecasts for the rest of the year are all over the board…
A midweek roundup of peak oil news, including:
-Prices and production
-Droughts
-Eruption in Kyrgzstan
One of the world’s foremost educators on Peak Oil, Richard Heinberg, in an exclusive interview for MMNews: “We are currently seeing the end of economic growth as we have known it.” Further on, he talks about the financial / economic crisis, monetary changes vis-à-vis a shrinking energy supply, and the Century of Declines: “Peak Everything.”
In this final installment of the Minimum EROI series we calculate the minimum EROI required from our energy sources to support the current transportation infrastructure of the U.S.
Now, if you are wondering why a falling water level in the Venezuelan highlands should be if interest to Americans, the answer is easy. Despite years of political tensions between the Chavez government and Washington, the U.S. is still importing some 800,000 barrels a day of crude from Venezuela.
– Blood on the streets in Kyrgyzstan revolt
– Upheaval in Kyrgyzstan as leader flees
– Kyrgyzstan at the hub of superpowers’ plans
– Bloodshed on streets of Kyrgyzstan as government cracks down on protesters
– The Pentagon also expects an imminent oil shock
– Peak oil man [Colin Campbell] shifts focus to peak price, demand
– DECC start to ‘get’ peak oil… or maybe not
– Saudi Arabia’s crucial role in the crude price outlook
When I began writing about peak oil professionally in 2006, it was generally considered a tinfoil hat theory. The notion that oil production might peak around 2012, plus or minus, was only taken seriously by a few analysts who were considered extremely pessimistic.