Insight and inspiration in turbulent times.
Svenska Dagbladet, one of the largest newspapers in Sweden, has now made a review of the book Peeking at Peak Oil (read the article in Swedish). In a special note they have compared the predictions that Matt Simmons made for Saudi Arabia and the predictions in the new book Peeking at Peak Oil.
As researchers at Boulder’s National Center for Atmospheric Research (NCAR) joined 32,000 other Coloradans in fleeing the fires, ExxonMobil CEO Rex Tillerson spoke to the Council on Foreign Relations about the “manageable” risks of climate change. “… “As a species that’s why we’re all still here: we have spent our entire existence adapting. So we will adapt to this,” he said. “It’s an engineering problem, and it has engineering solutions.”
– Has The Peak Oil Idea… Peaked? If so, does the planet stand a chance?
– Oil: the party is over, says OpenMind AM
– Exxon CEO Rex Tillerson: The New North American Energy Paradigm: Reshaping the Future
– Australia’s growing oil imports are an energy security issue
– 10 mouse clicks to calculate Australian crude oil depletion of 83 per cent
Global oil consumption increased by 0.7 percent in 2011 to reach an all-time high of 88.03 million barrels per day, according to new research conducted by the Worldwatch Institute for its Vital Signs Online service. This rate of increase was considerably slower than in 2010, when oil consumption rose by 3.3 percent following a decline of 1.3 percent in 2009 due to the global financial crisis.
There’s an interesting divergence between the extreme complexity of the predicament that besets contemporary industrial civilization, on the one hand, and the remarkable simplicity of the failures of reasoning that have sent us hurtling face first into that predicament, on the other. Nearly all of those failures share a common root, which is the inability—or at least the unwillingness—of most people in the modern world to pay attention to the natural cussedness of whole systems.
– Peak-Oil is now! (true but there is some delay due to unconventional oil and gas)
– Plateau Oil now! (true, since 2005 at just above 80 Mb/d, but not for very much longer as the potentials of unconventional oil and gas are extremely limited)
– The precise moment of PO is not so important anymore, as we are probably already at or closely before the peak according to many.
[Great summary]
Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity is likely to grow by nearly 20 percent by 2020, which could prompt a plunge or even a collapse in oil prices, according to a new study by a researcher at the Harvard Kennedy School (Leonardo Maugeri, a former oil industry executive).
– The Potential Upside of Captivity
– The Death of Petro-State Risk
– Is Peak Oil Dead?
– Dave Cohen: Should We Still be Concerned with Peak Oil?
Every week another article comes out arguing that peak oil is dead and that we are in a new era of liquid fuel abundance. In the first of a series Andrew McKay takes on the authors of these overly optimistic puff pieces and explains paragraph by paragraph exactly why these people are so wrong.
Americans are reading, almost on a daily basis, about increasing oil and gas production in the US. For example, Daniel Yergin wrote about his optimistic outlook for increasing US oil and gas production in an OpEd piece in the June 10, 1012 New York Times entitled “Americas New Energy Reality.”
It’s certainly true that US oil and gas production has rebounded from the production low following the 2005 Gulf of Mexico hurricanes, but a careful analysis of the production data suggests that the production outlook it not quite as rosy as most people seem to believe.
There’s a lot going on in the TV show The Walking Dead that’s worthy of comment, but there’s one aspect of the show that has struck me in particular- that the civilization we’ve built and have come to depend on, could be undermined in short order, returning us quickly to a survivalist state of nature.
West Texas Intermediate crude oil, which had been selling for $105 a barrel at the end of March, fell to $80 a barrel last week, while Brent has come from $125 down to near $90. These price declines will translate into substantial savings for U.S. consumers in the weeks ahead.
