Peak Oil Review – Oct 3
A weekly review including:- Oil and the Global Economy
-Libya
-Gasoline prices
-Quote of the Week
-Briefs
A weekly review including:- Oil and the Global Economy
-Libya
-Gasoline prices
-Quote of the Week
-Briefs
Joseph Tainter and Tadeusz Patzek are authors of a soon-to-be-released book called”Drilling Down: The Gulf Oil Debacle and Our Energy Dilemma.” This book is not simply the story of the Gulf oil spill (although it does tell this story, quite well). Tainter and Patzek use the story of Gulf oil spill as the background for discussing the energy-complexity spiral, and its relationship to this accident.
Even as symptoms of peak oil begin to manifest themselves, the public remains ignorant that stringency in oil supplies lies at the heart of them (though peak oil is admittedly part of a complex web of problems related to our broader energy and resource use). Why is this so?
From the long view the level of oil production on a graph in this decade may well look like a peak. But from closer in, as we experience it day to day, month to month, and year to year, production may seem to be on a long, bumpy plateau.
“There are no solutions, only responses,” says EHS professor Brian Schwartz, co-director of the Program on Global Sustainability and Health and a nationally recognized expert on the health consequences of peak oil. “You can deny climate change forever, but you can’t deny the rising price of oil. The limitations to ever-increasing production are a geologic reality.”
The coming era of petroleum scarcity is “probably the most underreported issue of our time,” says Schwartz, MD, MS. He and Bloomberg School colleagues have spent much of the past decade looking at how ever-more-costly petroleum will affect some of the key drivers of public health, and what strategies we should adopt now to minimize future health consequences.
– How North Dakota Became Saudi Arabia (& Jeffrey Brown’s rebuttal)
– Deepwater Gulf of Mexico: Reserves versus Production
– Cockburn: ‘Peak Oil’ Takes A Deadly Blow
– Winnow out biases in energy issues tome (Yergin review)
The debt crisis and the war in Libya continued their push and pull on the oil price this week with the outlook currently weakening over fears of a Eurozone recession. Despite this Brent continues to trade at over $100/barrel – around double the price at which any previous economic recovery has occurred. The rising cost of energy is playing out in a number of ways…
– “Rome didn’t collapse in a day” – adult comic about one man’s awakening to peak oil
– Is Yergin Correct about Oil Supply? by Gail Tverberg (an Opinion the WSJ did not run)
– Forget about peak oil (Yergin interviewed by “Salon”)
– The UK’s North Sea production declines below 1 million barrel per day
– N. American oil output could top 40-year-old peak
– The End of Cheap Uranium
– Peak Phosphorus (video from ABC Australia’s “Catalyst”)
A midweekly roundup of peak oil news, including:
-Developments this week
Significant technological advances rarely make eye-catching headlines as they come from many small advances involving numerous scientific disciplines. However, every now and again it becomes clear that progress is being made.
Randy Udall’s humorous and poignant presentation on peak oil was published today, recorded at the Local Future conference. Local Future invites visionaries, activists, and leaders to apply to the 2011 International Conference on Sustainability, Transition and Culture Change: Vision, Action, Leadership. Confirmed speakers include Nicole Foss, Dr. Steve Keen, T.S. Bennett, Sally Erickson, Guy McPherson, Jan Lundberg, Gregory Greene, Kurt Cobb, Stephanie Mills and Aaron Wissner. [The Udall video is posted here.]
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The International Energy Outlook 2011
-A Chinese Slowdown?
-Quote of the week
-Briefs