Oil

Michele Bachmann Petroleum Geologist

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Rep. Michele Bachmann, a lawyer now turned petroleum geologist, announced to a South Carolina crowd recently, “Under President Bachmann you will see gasoline come down below $2 a gallon again. The day that President Obama became president,” she said,  “gasoline was $1.79 a gallon. Look what it is today.” 

Low Carbon and Economic Growth: Are both compatible in developing economies?

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At the intersection of global energy depletion and concerns about human impact on the environment lie some serious and oft overlooked issues. Largely gone from our public discourse is the idea that oil is infinite. It is now accepted, even to previous staunch cornucopians, that increasing, or even maintaining oil production will come only at higher costs. The new response to the energy/environmental crisis is to transition to a green economy, replacing our declining stocks of fossil sunlight with new technologies able to harness our current sunlight in its various forms. That these renewable technologies are available, viable and becoming more popular is not in question – however, whether these low carbon strategies can combine with now more expensive fossil fuels to maintain a growth trajectory for both the developed and developing worlds is another question entirely.

Civil disobedience vs the tar sands – Aug 22

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-Tar Sands and the Carbon Numbers
-A Debate: Should the U.S. Approve TransCanada’s Massive Keystone XL Tar Sands Oil Pipeline?
-Interview: James Hansen on the Tar Sands Pipeline Protest, the Obama Administration and Intergenerational Justice
-Dozens Arrested in Pipeline Protest
-Tar Sands Pipeline Protests Continue

When technology fails

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We speak with engineer, author and speaker Mat Stein about his books, When Technology Fails and the upcoming, When Disaster Strikes. Mat explains how our illusion of abundance and order can be easily shattered through solar flares, EMP strikes and peak oil.

The supply of money in an energy-scarce world

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Money has no value unless it can be exchanged for goods and services but these cannot be supplied without the use of some form of energy. Consequently, if less energy is available in future, the existing stock of money can either lose its value gradually through inflation or, if inflation is resisted, be drastically reduced by the collapse of the banking system that created it. Many over-indebted countries face this choice at present — they cannot preserve both their banking systems and their currency’s value. To prevent this conflict in future, money needs to be issued in new, non-debt ways.

Colin Campbell on embedded energy

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Colin Campbell is the originator of the concept of “peak oil” with the article that he wrote in 1998 in “Scientific American”, together with Jean Laherrere. He is also the founder and honorary chairman of the Association for the Study of Peak Oil (ASPO). He lives in Ireland, in the village of Ballydehob with his wife, Bobbins. Last month, he wrote me a letter that contains several interesting observations on embedded energy and on people’s life. With his permission, I am reprinting it – slightly edited – together with my answer.

The US Energy Information Administration’s faulty peak oil analysis

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The United States Energy Information Administration (EIA) remains optimistic about the future of global oil supply and maintains that global peak oil will not likely occur before 2030. How does the EIA remain optimistic given the growing trend throughout the world towards energy pessimism? This post will explain the methodology that underlies the EIA’s optimistic oil supply vision, and will point out two important flaws in this methodology that call their results into question. … a corrected application of EIA’s approach agrees well with many reports suggesting the likelihood of a near-term or historical peak in global conventional oil.