Oil

Degrowth and peak oil

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Today, we are discussing another kind of degrowth, intended mostly as a personal choice and most of us seem to believe that it is a good thing. It is an attitude that looks similar to the one we had about peak oil 10 years ago. But is it possible that we are making the same mistake? That is, could we be too optimistic about what degrowth can bring to us?

Global oil exports in decline since 2006: What will importing nations do?

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It is with trepidation that independent petroleum geologist Jeffrey Brown has watched global oil exports decline since 2006. With all the controversy in the past several years over whether worldwide oil production can rise to quench the world’s growing thirst for petroleum, almost no one thought to ask what was happening to the level of oil exports. And yet, each year a dwindling global pool of exports has been generating ever greater competition among importing nations and has become a largely unheralded force behind record high oil prices.

ODAC Newsletter Sept 21

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Oil prices fell dramatically this week to $107/barrel for Brent, on worsening economic news from China and Europe, and assurances from Saudi Arabia that it is ready to pump more oil to keep prices down. The speed of the fall on Monday however is something of a mystery and has led to an investigation by the Commodity Futures Trading Commission and the FSA.

Arctic Death Spiral: New local shipping and drilling pollution may speed up polar warming and ice melting

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We’ve known for a long time about basic polar amplification. Warming melts highly reflective white ice and snow, which is replaced by the dark blue sea or dark land, both of which absorb far more sunlight and hence far more solar energy. More recently another insidious feedback has become obvious — as the Arctic ice retreats, big oil companies can drill for more fossil fuels whose combustion will accelerate warming and ice retreat…Local pollution in the Arctic from shipping and oil and gas industries, which have expanded in the region due to a thawing of sea ice caused by global warming, could further accelerate that thaw, experts say.

Report from a meeting in China about the pipelines for oil export from Canada’s oil sands

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One of the reasons that I am in China just now is that Uppsala University is discussing increased collaboration with the Chinese University of Petroleum in Beijing, CUPB. It is Professor Feng of the School of Business Administration at CUPB that leads research on Peak Oil at that university. He has just organised a workshop with the theme “The Impacts of Peak Oil”.