Oil

New IMF working paper models impact of oil limits on the economy

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The IMF is to be commended on putting together this analysis. The big step forward is that questions about the impact of geological depletion of oil on the economy are starting to be addressed. The fact that the paper also points out the level to which oil prices will need to rise, if oil production is to rise at 0.9% a year between now and 2020, is important as well. However, some important issues are not addressed in the paper.

Energy and peak oil – May 7

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– IMF working paper – “The Future of Oil: Geology versus Technology”
– World Oil: Aleklett’s new analysis of peak oil is refreshingly comprehensive
– Now Playing at a Computer Near You: The ASPO-USA Webinar Series
– T. Boone Pickens: Biggest Deterrent To U.S. Energy Plan Is Koch Industries
– Cheap Oil Built ‘The American Way’ but All the Cheap Oil is Gone

The oil industry’s deceitful promise of American energy independence

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Faced with increasing political obstacles to oil and natural gas exploration in many countries around the world, the oil industry is focusing again on the United States. The industry is using the deceitful promise of energy independence to cajole Americans and their policymakers into relaxing environmental regulations and opening protected public lands and restricted offshore areas to drilling.

The conversation we need to have – Age of Limits conference May 25-28 in Pennsylvania

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It’s time to talk instead about the things that actually matter in the age of limits that’s coming on the heels of the age of excess now ending — about what can be saved, what must be let go, and what options might enable individuals, families, and communities to make it through the troubled years ahead. That’s the conversation that needs to happen now, as the age of limits begins, and it’s the conversation a number of us hope to launch and to foster at the Age of Limits conference this Memorial Day weekend. (May 25-28, Artemas, Pennsylvania)

ODAC Newsletter – May 4

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The shale gas ‘revolution’ suffered another blow this week as the US Securities and Exchange Commission announced an investigation into dealings between industry leader Chesapeake Energy and its chief executive Aubrey McClendon. It emerged recently that McClendon had been taking a private stake in each well the company drills and, unbeknownst to shareholders, borrowed over $1 billion against them…

Seven myths used to debunk peak oil, debunked

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Peak oil is a fact, not a theory. From US conventional oil production peaking in 1970 to global conventional oil production peaking in 2006 the figures are indisputable. Even institutions such as the International Energy Agency (IEA) and publications like The Economist that are not known for alarmism have admitted that oil production from conventional sources has peaked.

So why are there still commentators who refuse to believe peak oil?