Insight and inspiration in turbulent times.
Although one yearns for global warming to indeed not exceed 2 degrees Celsius (or less, as African countries demand), the take-home message from the Copenhagen COP meeting is that polluters and growth mongers, large and small, will not let up.
-Copenhagen: a look back at the most striking narratives
-If you want to know who’s to blame for Copenhagen, look to the US Senate
-There is a way ahead after Copenhagen
-Copenhagen: Things Fall Apart and an Uncertain Future Looms
-All over the map: Rounding up editorial reax to Copenhagen
-No One Is Going To Save You Fools
-Copenhagen – Historic failure that will live in infamy
-Terminator 2009
-A Climate Con: Analysis of the Copenhagen “Accord”
…Conventional crude production – Latest figures from the Energy Information Administration (EIA) show that crude oil production including lease condensates increased by 261,000 b/d from August to September 2009, resulting in total production of crude oil including lease condensates of 72.59 million b/d…
The greatest mistake that they did before Copenhagen was to focus the spotlight only on climate. If the world situation is to develop in a positive way in the future then this one-lane track must be broadened into a four-lane highway. One only needs to examine the global welfare equation (HWB) to understand what those four lanes are: Food and water, climate, economy, and peace on Earth.
In February this year, global oil production / demand hit an interim low of 84.0 million barrels per day (mmbpd) and the average price of West Texas Intermediate (WTI) that month was $39.16 / bbl. Since then, demand has recovered to 85.9 mmbpd in November and the average price was $78.08 / bbl. A rise in demand of 2.3% has led to an oil price rise of 99.4%.
As ODAC News went to press, hopes of a deal in Copenhagen were finally rising, after two weeks of chaos and acrimony.
A weekly review including:
– Production and prices
– Trouble in Copenhagen
This is my last column for 2009. The past year was notable for what didn’t happen.
-Iraq strengthens hand at OPEC with oil deals
-Iraq Auctions Development Rights to Oil Fields
-Majnoon win gives Shell a boost
-Shell, Lukoil to Join Iraqi Top Producers Based on Winning Bids
-Greece Struggles to Stay Afloat as Debts Pile On
-Obama and Rubin at the Bada Bing
-Cleaners ‘worth more to society’ than bankers – study
-A Tax By Any Other Name Gains Wider Support
-Gulf petro-powers to launch currency in latest threat to dollar hegemony
-Adventures in Capitolism
“as mankind proceeded to get bigger and bigger we silently crossed a threshold”
-Damning New Evidence Raises Concerns About Threats to New York’s Water From Gas Drilling
-Filmmaker felt “Haynesville” energy
-New breed strikes lucky at Iraq oil auction
-Big Oil Seen in ‘Race to the Altar’ After Exxon Deal (Update1)
