Oil and natural gas depletion and our future
Concise summary by a professor of mechanical engineering. Presented to the Mayor’s Green Team in Columbus, Ohio by members of the Central Ohio Relocalization Effort (CORE).
Oil
Peak oil and gas – July 21
Peak oil by any other name
A natural gas crisis coming?
Oil tanker stocks fall
Mexico, Venezuela oil slumps could hit U.S. supply
Norway’s trade surplus down
Rapier: This week in petroleum
Canada energy round-up
A report on the American Petroleum Institute conference call and review of the NPC report
Since the National Petroleum Council (NPC) is an industry group and has always provided optimistic forecasts in the past, it shouldn’t be a surprise that its report doesn’t go all the way to peak oil indications. But it definitely starts talking about peak oil, recommending many of the actions that one would expect based on peak oil indications.
Peak oil – July 20
Peak oil – when? (online survey)
Arab News: Global thirst for crude set to rise
Singapore, Dubai, HK suited to a PO world
Are Democrats the peak-oil party?
What happens to Kenya when oil is $100/brl?
Yergin interviewed about NPC report
CIBC predicts $100 oil by end of next year
AutoWeek discovers peak oil
United States – July 19
Foreign demand for U.S. securities surges to record (but China sells U.S. Treasuries)
The battered Hummer that symbolises a divided nation
Murdoch’s arrival worries Wall Street Journal employees
Exaggerated oil recovery
A closer look at the National Petroleum Council (NPC) report: the case of the “missing” graph. Enhanced oil recovery (EOR) been used in the United States for three decades. By its own admission, the NPC’s previous estimates for EOR production didn’t pan out. Are you willing to take the chance that the NPC is right this time?
Transport – July 19
Fingers Point as NYC Traffic Plan Runs Aground
UKs green promises on transport policy derailed
Aus. car industry in a hole, perhaps it should keep digging
Hummer owner gets angry message
Peak oil – July 19
OPEC countries ignore West’s agenda
Updated oil forecasts, including S.A.
Dubai crude output down rapidly
Iraqi oil production still below target
ODAC news
NPC report on oil/gas supplies – July 19
Peak oilers: “We’ve won respect”
NPC acknowledges peak oil
Globe & Mail: Oil executives sound alarm
Bloomberg:Oil supply to trail demand by 2030
Denver Post: Oil-shale funding promoted
Dallas News: NPC stresses urgency
Fatih Birol interview in Le Monde full translation
Full translation of June 26 interview with Fatih Birol, chief economist with the International Energy Agency, in which Birol predicts the oil market will face ‘a wall’ between now and 2015.
“Hard Truths” about global energy detailed in new NPC study
“Over the next 25 years, the United States and the world face hard truths about the global energy future,” that will require “all economic, environmentally responsible energy sources to assure adequate, reliable supply,” the NPC advises in a 422-page report delivered today to the Secretary of Energy. (Full report and summary now online.)
The National Petroleum Council report
in summary, the NPC report is saying that production will increase by around 25% over the next twenty five years, but this increase is entirely reliant on finding large amounts of new oil, mainly in the Middle East. Unfortunately, it is rather unlikely that the existing claims of oil reserves in the Middle East are true, and even less likely that massive amounts more oil can be found there. Even if it could, the Middle East is the least politically stable region of the world, and relying ever more heavily on it for critical inputs to our economy is likely to be fairly painful at regular intervals.
