Insight and inspiration in turbulent times.
The Energy Report aligns with several others in recent years in confidently claiming that we could transition to full reliance on renewable energy, without any disruption of high material living standards or the pursuit of economic growth. These reports are typically quite impressive involving glossy formats with lots of coloured graphs and pictures, a large cast of heavy-weight authors, and a long list of high-powered endorsements.
– Protests Against Forced Eviction from US-Backed Coal Mine Continue in Bangladesh
– Shell and Cairn Energy Announce ‘Risky’ Drilling Plans in Arctic
– Why is the UK backing biomass power?
According to The Times, Iraq’s oil ministry is to reset its oil production target for 2017 reducing it down from 12 million barrels per day to between 6.6-7 mb/d. The news is of no surprise to anyone (with the possible exception of Donald Trump)…
Midday begins a week of daily programming devoted to one of the most urgent matters facing people of Maryland, the United States and planet Earth — our energy problems and solutions. The week begins with a look at energy consumption and sustainability. Our guests include Alan Knuckman, Agora Financial’s broad-market analyst, Malcolm Woolf, director, Maryland Energy Administration and Laura Schaefer, Associate Professor, Department of Mechanical Engineering and Materials Science, Center for Energy, University of Pittsburgh.
The OFS would require that 50 percent of new automobiles in 2014, 80 percent in 2016, and 95 percent in 2017, would be warranted to operate on non-petroleum fuels in addition to or instead of petroleum based fuels. Compliance possibilities include the full array of existing technologies – including flex fuel, natural gas, hydrogen, biodiesel, plug-in electric drive, and fuel cell – and a catch-all for new technologies. This requirement will then provide certainty to investors to produce alternative fuels and fueling stations to have a variety of pumps supplying those alternative fuels.
-Pioneering wind energy study looks 30-50 years ahead for global warming impact
-Wind industry and Decc urged to come clean on output of wind farms
-Why Germany’s offshore wind parks have stalled
The Energy Report does not provide a satisfactory analysis of the issue. It fails to defend assumptions adequately and it omits discussion of crucial issues. To put it mildly, its general conclusion is not established at all persuasively. More importantly, the Report appears to provide yet more proof that renewables can save energy-intensive and growth obsessed societies. It therefore helps to ensure that thought will not be given to the possibility that sustainability cannot be achieved unless there is dramatic reduction in levels of production, consumption, affluence and GDP, and therefore unless there is extremely radical social change, including the abandonment of growth economies.
Around 3 billion people, or half of the world’s population, rely on unsustainable biomass based energy sources, including wood, and around 1.6 billion people still lack access to electricity. With an Integrated Food Energy System (IFES), FAO believes that people will have access to sustainable and reliable energy.
I was surprised that CNBC (I sometimes think that the first “C” stands for Cornucopian*) just ran two programs that seriously talked about resource limits, Sprawling from Grace on Wednesday and Fuel on Thursday.
Of the two, I think that Sprawling from Grace was a lot better, but having said that, it seemed to me to be largely a remake of End of Suburbia, and in fact Jim Kunstler was prominently featured in both. But Sprawling was on CNBC, while End of Suburbia was not.
President Obama’s to-do list:
– Increase domestic production of oil.
– Root out fraud and manipulation in oil markets.
– End $4 billion in subsidies to oil and gas companies.
– Invest in renewable energy.
Confusion around the true extent of the spare oil production capacity of Saudi Arabia increased this week following a statement by Saudi oil minister Ali al-Naimi that his country had reduced production in March by 800,000 barrels–this despite the loss of 1 million barrels/day of production from Libya. Al Naimi went on to claim that global markets are currently oversupplied.
The IEA reported this week that there are preliminary signs of oil demand destruction due to soaring prices. Goldman Sachs underlined this viewpoint on Tuesday by advising its clients to sell oil, copper, platinum and cotton. Prices fell in response, although concern over conflict in the Middle East and Saudi production saw prices nudging up again by the end of the week.
