Oil

ASPO-USA Conference: Experts to seek “truth in energy”, find solutions to end of cheap oil

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Experts on energy and the economy will gather on Capitol Hill, November 2-5, to confront the global challenge of resource depletion, Peak Oil, and the end of cheap energy—with a focus on economic implications and strategies to navigate an uncertain and rapidly changing future.

“Peak Oil, Energy & the Economy”, the 2011 conference of the Association for the Study of Peak Oil & Gas USA (ASPO-USA), will feature cutting edge research and analysis by leading experts from North America and Europe. Under the theme of “Truth in Energy”, the event will take a hard look at America’s energy and economic challenges, and the actions required to tackle them.

The Oil Game: a free pdf workbook

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A while ago I posted a film here about Tom Harper’s “The Oil Game”, a programme of teaching young people about peak oil that he has been doing in schools in the south east of England. Tom has now finished a workbook for people who want to run this programme elsewhere, containing the games and activities that he developed. It was interesting to read on Energy Bulletin today about a cartoon book called Luz which uses cartoons to introduce ideas around peak oil to a younger audience. More of these kind of resources seem to be emerging all the time.

Energy literacy is the education we need

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Cell phone and hand-held technology depend on myriad inputs that are not simply conjured from thin air, however magically they appear in iStores and Web ads. All that plastic wrapping of the device itself comes from…you guessed it, petroleum. Oil. The very stuff the International Energy Agency said has hit its peak. In the future, all the way to the year 2020 (and before) the cost for everything is going up, uP, UP! And all this because of the increasing scarcity and rising cost of energy. That’s difficult on its own, and made no easier when jobs are going down, down, down. This is the dot to connect to make predictions about the future.

Peak oil, peak debt, and the concentration of power

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The transition before us is not merely a transition in fuel types. It is also a transition in the whole energy infrastructure, both physical and psychological; a transition away from big power plants, distribution lines, and metered consumers; away from capital-intensive drilling, refining, distribution, and consumer fueling stations. More broadly, it is a transition away from centralization, concentration, and all the social institutions that go along with it.

One of the top questions for our time: how will Peak Oil affect the economy?

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Peak oil might hit sometime during the next five years. How might this affect the world economy. We examine important dynamics about oil prices, some misunderstood by many writing about Peak Oil — from doomsters to cornucopians. The bottom line: we cannot reliably forecast what will happen. Peak oil might have little effect — or crush the economy.

KunstlerCast: The end of growth

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A two part conversation between Richard Heinberg and James Howard Kunstler. The conversation covers peak oil, financial dysfunction, political convulsions, generational conflict, techno-grandiosity, the fate of industrial agriculture and the suburban living arrangement. Heinberg also reacts to being labeled a “Doomer.”.

Oil shocks in a global perspective: are they really that bad?

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We find that the impact of higher oil prices on oil-importing economies is generally small: a 25 percent increase in oil prices typically causes GDP to fall by about half of one percent or less. While cross-country differences in impact are found to depend mainly on the relative size of oil imports, we also show that oil price shocks are not always costly for oil-importing countries: although higher oil prices increase the import bill, there are partly offsetting increases in external receipts.

… The finding that the negative impact of higher oil prices has generally been quite small does not mean that the effect can be ignored. Some countries have clearly been negatively affected by high oil prices. Moreover, our results do not rule out more adverse effects from a future shock that is driven largely by lower oil supply than the more demand-driven increases in oil prices that have been the norm in the last two decades. In terms of policy lessons, our findings suggest that efforts to reduce dependence on oil could help reduce the exposure to oil price shocks and hence costs associated with macroeconomic volatility. At the same time, given a certain level of oil imports, developing economic linkages to oil exporters could also work as a natural shock absorber. [extracts only]