ODAC Newsletter – June 1

Fears that Spain may be heading for a bailout, weaker than anticipated US growth, and signs that China is not about to embark on any major fiscal stimulus saw oil prices drop again sharply on Wednesday. May has now seen the biggest monthly oil price drop since December 2008. Should the decline continue we will soon be in territory which makes the marginal, more costly to produce barrel uneconomic.

Oil and water— drilling stirs new concerns in Ohio

In the late 1800s northwestern Ohio was at the center of an oil boom as the state became the nation’s largest crude producer. Today Ohio is at the center of another fossil fuel boom, where a new drilling method — hydraulic fracturing (fracking) combined with modern horizontal drilling — is releasing natural gas from deep underground shale, leading to a rush of new leases. Is drilling safe or are contamination concerns unfounded?

Review: Jeff Rubin on The End of Growth

Jeff Rubin is currently touring his new book, The End Of Growth. As the former Chief Economist for CIBC World Markets he brings an intimate knowledge of financial markets and how they work to the peak oil/end of growth community populated by other venerable thinkers such as Richard Heinberg, Chris Martenson and John Michael Greer.

Global scarcity: Scramble for dwindling natural resources

National security expert Michael Klare believes the struggle for the world’s resources will be one of the defining political and environmental realities of the 21st century. In an interview with Yale Environment 360, he discusses the threat this scramble poses to the natural world and what can be done to sustainably meet the resource challenge.