Peak oil review – Feb 20
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Iranian confrontation
-The Greek bailout
-Quote of the week
-Briefs
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Iranian confrontation
-The Greek bailout
-Quote of the week
-Briefs
Recent developments in oil markets and the global economy have, once again, triggered concerns about the impact of oil price shocks around the world. This column wonders whether the fuss is really necessary. It presents evidence of relatively small negative effects of oil price increases.
Far from being discouraged by the rash of peak oil denunciations in the media lately, I am invigorated by it. Remember: we’re now on offense; they’re on defense. The opposition has to explain why oil production has been flat since 2005 despite high prices. And, the twisted logic and demonstrably false assertions they offer will provide ever better opportunities to trump them again and again.
– NPR: Ex-Shell CEO and Peak Oil Researcher Face Off Over America’s Energy Future
– WaPo: Has the United States beaten peak oil? Not so fast.
– Much ado about Hotelling: Beware the ides of Hubbert (Hubbert curve is a major determinant for oil prices)
– ¿Cuánto petróleo hace falta para extraer un barril de petróleo? (Charles Hall intervista)
– Roland Vially, géologue à l’IFP : “les hydrates de méthanes pourraient constituer une nouvelle source de gaz à l’horizon 2030”
No individual or organization is always going to be right when it comes to projections of future oil production. What we should expect is that in general, an individual or organization should more often than not be within some reasonable range of the actual future production level. Unfortunately, the U.S. DOE/EIA’s projections are too frequently off by a substantial amount.
Obviously getting by without fossil fuels (owing to impending shortages of oil, natural gas and coal) will be an incredibly rude shock for all of us. Our current telecommunication, transportation and retail infrastructure, as well as our current system of industrial agriculture, are based on the abundant availability of cheap fossil fuels. On the plus side, Fleeing Vesuvius is full of a number of specific strategies, currently being tried in Ireland and elsewhere, for building resilient communities to withstand this transition to a non-fossil energy society.
Oil prices gained this week, touching $120/barrel on Thursday, in response to rising tension over Iran including two key developments. One was Tehran’s announcement that Iranian made nuclear fuel rods had been loaded into a research reactor for the first time…
Video of a spirited debate on peak oil between John Hofmeister (Shell) and Ted Patzek (University of Texas and ASPO-USA).
A midweekly roundup of peak oil news, including:
-Developments this week
Today’s post goes into the global consumption of energy and provides a dataset in Excel for researchers on global primary energy consumption from 1830 to 2010. We are now burning 10 times as much energy as a century ago to provide the goods and services we consume. Energy consumption is still increasing rapidly
I wondered whether in seeing resilience just as something we do in order to be prepared for a crisis, we were missing a trick: that we might instead see it as an opportunity. How might our settlements look if we began to think in terms of resilient food, resilient energy, resilient economies? Might this shift in thinking actually contain the potential for an economic and cultural renaissance for the places we live? It felt to me to be a powerful question.
Having looked at the major alternatives to fossil fuel energy production (summarized here), we come away with the general sentiment that the easy days of cheap energy are not evidently carried forward into a future without fossil fuels. That’s right, fossil fuels will be dead and gone. Is it time to pile them on the cart to be hauled away?