Insight and inspiration in turbulent times.
The world is heading for a renewed oil crunch as soon as 2013 due to shrinking production capacity and growing demand in the emerging markets, according to reports from two investment banks. Both BofA Merril Lynch and Barclays Capital conclude non OPEC production is close to peak, meaning a shift back to reliance on OPEC for new capacity…
-The Spotless Garden
-Seed trends – food gardening, pickling
-Impressed by a Possible Future
After having seen the Roma (gypsies) listen attentively to two hours of lessons on the biological carbon cycle and ask intelligent questions afterwards, I was impressed. So, I told myself; why not peak oil? And here I am in front of the whole class. Romani men and women; about 20 people; all coming from the same camp, nearby.
Oil supply optimists claim that new technology combined with private development of the world’s remaining oil resources–most of which are now under the control of government-owned companies–would vastly increase global oil production and put off any decline for decades. Texas oilman Jeffrey Brown isn’t buying it, and he cites the history of oil production in Texas and the North Sea to explain why.
A midweekly roundup of peak oil news, including:
-Prices and production
-Venezuela
From time to time sailing ships get mentioned as one technology that will serve in post petroleum scenarios but some readers may not know that there are already hundreds in service worldwide, maintaining a tradition of moving goods and people across water that goes back 400 centuries. By contrast, our recent epoch of fossil fueled ships stands out as a brief and brilliant blip in a continuum of what may turn out to be humankind’s most enduring form of transport.
…The Culture of Maximum Harm tries to achieve its journey by taking as much as it possibly can, and by doing as much damage as it possibly can. And the reason it does this is because it has one primary goal, which is achieve continuous growth – and that’s economic growth, in terms of the word “growth” – and economic growth cannot be sustainable. So, this culture, which I believe is unique in human history, is doing something that is uniquely destructive. In other words, it is the Culture of Maximum Harm – it is the most harmful way that humans can exist.
-Rehearsals for a Civil War
-Athens: The First Domino?
-Our world balances on a sea of debt
-Joseph Stiglitz: Bankers Made Reckless Bets on the Economy, Knowing Taxpayers Were Going to Pick up the Tab
-Finger on the Scale
-Secret AIG Document Shows Goldman Sachs Minted Most Toxic CDOs
-Does Facebook deserve the hell it’s catching from Greenpeace?
-Saudi Arabia to export solar power soon, US says
-Energy expert Lovins brings conservation message
-The new wave: Harnessing the power of the ocean
Dr. Larry Hughes’ recent study entitled “Eastern Canadian crude oil supply and its implications for regional energy security” was recently published in Energy Policy (Jan. 2010, 8 pgs)…Hughes’ analysis of the drop in export capacity of key “safe suppliers” fits nicely with the work of Jeff Brown, Robert Hirsch, Jeff Rubin, and Paul Stevens, all of whom have addressed the impending threat of oil export decline. Hughes’ analysis appears to be unique insofar as he has applied the export decline syndrome to the energy security of a specific import-dependent region.
Oilwatch monthly for February 2010
