Oil optimists grow more outlandish
As the troubling realities of future oil supplies begin to penetrate offficial circles, the oil optimists are making even more outlandish claims.
Oil
Economics – Sept 24
-Books for Review: Portfolios of the poor
-Post-Bubble Malaise
-A year after financial crisis, the consumer economy is dead
-It’s Business as Usual Again for Wall Street’s Casino Capitalists
-Why the era of economic growth is over
-The “green-Prometheans” – better, but still a futile gesture?
Review of CNA Report: “Powering America’s Defense: Energy and the Risks to National Security” (May 2009)
This report was issued by the Center for Naval Analyses’ Military Advisory Board, which consists of a dozen retired senior military officers. Powering America’s Defense comes two years after the Military Advisory Board’s landmark report, “Climate Change” (May, 2007). This review of Powering will examine the way its authors deal with the issues of peak oil, oil imports and the potential for oil supply shocks.
Peak oil, prices and supplies – Sept 22
-Not your average peak oil theory, from Macquarie
-Total issues oil shortage warning
-Would You Know How to Survive After the Oil Crash?
-Squeezing the last bit of oil from Mother Earth
-UK at risk of global energy shock, says MPC’s Andrew Sentance
Web & media – Sept 22
-Let a thousand eco-documentaries bloom!
-Six Questions for Peter Maass on the Violent Twilight of Oil
-Yes Men Hoax: “Special Edition” of NY Post Warns of Climate Change Threat
-Barack Obama Must See Michael Moore’s New Movie (and So Must You)!
Environmental Impacts of Oil Sands Development in Alberta
The oil sands are an issue of global importance. As conventional sources of crude oil are depleted, unconventional sources of oil, such as the bitumen found in oil sands, play a larger role in offsetting declining conventional production. The Canadian oil sands are the second largest proven oil reserve after Saudi Arabia.
Commentary: Mission Critical: Can Shale Gas Save the World?
In late August the Vancouver Sun ran an article on the bullish prospects for Canadian shale gas. The piece began this way: “What energy crisis? Despite what you may be hearing about a global peak in oil production, waning reserves, and $100-plus oil prices, North America is suddenly awash in fossil fuel.”…
Original Sin
In our history, the American nation committed obvious sins against select groups of people, and we’ve paid bitterly for some of that. But now it’s our sins against the land itself that threaten to sink the USA as a viable enterprise.
Peak oil review – Sept 21
A weekly review including:
– Production and prices
– The crack spread
– Ominous forecasts
– Quote of the week
– Briefs
Mind-sized Hubbert
Many Oil Drum readers imagine what is ahead as a slide down the net energy curve, as the amount of oil and natural gas available gradually decline. Somehow, business as usual will continue, but at a lower level, as resources deplete. But what if a better model for what is ahead is overshoot and collapse?
ODAC Newsletter – Sept 18
This week saw further oil discoveries in the Santos Basin and off the coast of Ghana, extending a run of sizeable finds in recent weeks. Following much breathless reporting of such discoveries, it was good to them put into context by solid analysis from Morgan Stanley and Bank Macquarie…
The Aftermath of the Great Recession, Part I
Today’s article is the first of a two-part series in which I attempt to forecast general economic conditions that will affect the oil market over the next 10 years. Despite Galbraith’s sensible warning, what we will experience in the aftermath of the Great Recession is not a complete mystery. Strong evidence suggests that during the next decade, the global economy will struggle to regain a sound footing supporting vigorous growth.
