ODAC Newsletter – March 11

Oil prices were buffeted this week by escalating violence in Libya and fear of further disruption in the Middle East on the one hand, and a new debt crisis in the Eurozone threatening further economic turmoil on the other. In Libya this week the Gaddafi regime has launched a full scale military offensive against the rebels and appeared on Thursday to be gaining the upper hand.

How much energy can our forests provide? & The possibilities and consequences of large-scale oil cutoffs

As oil prices rise, heating our homes with wood becomes more attractive. Steven Hamburg is the Chief Scientist of the Environmental Defense Fund, and he co-authored a recent report on the potential of northeastern forests to meet our energy need. Tom Whipple writes the weekly Peak Oil Review, and his latest edition says, “Collapse would not be too strong a term to apply to the global economy should Saudi oil production of 9 million b/d be halted or severely restricted by domestic unrest.” We talk to him about what he sees that indicates Saudi production may become shut in, and why that’s so important.

Farm prices, food prices, and biofuels

It’s worth noting that the energy content of the human food supply is about a sixth of the energy content of the human fuel supply (about 86 mbd of liquid fuels, equivalent to somewhere in the neighborhood of 120-130mbd of ethanol). This is the core problem with converting food to fuel – we are taking from a small pool to try to make up for deficiencies in a large pool, and we will have a much bigger effect on the level of the small pool than the bigger pool.

Doing Due Diligence

To people who follow the energy industry closely, it’s a common occurrence to come across announcements from companies proclaiming to have developed the key to the ‘next big thing’ — for solving the world’s energy crisis. Maybe they say they can take any sort of waste biomass and turn it into fuel — ethanol, diesel, pyrolysis oil, mixed alcohols — at very low cost. Or they say they can produce renewable electricity at a price competitive with coal.

The layperson reads the news release and is curious: “Is this real?”

Are more people turning to wood heating?

The opening paragraph of some newspaper and magazine articles about wood heating make the claim that more households are burning wood due to the high cost of conventional energy sources. This assumption is logical enough considering there is plenty of income insecurity and increasing costs lately. But a review of the few available sources of statistics calls this conclusion into question.

My congressman has selective science disorder

Fred Upton been much in the news of late as chairman of the Committee on Energy and Commerce of the U.S. House of Representatives. He told us as recently as April 24, 2009 that “climate change is a serious problem that necessitates serious solutions.” But now that he has finally gotten a little power, he has contracted selective science disorder.

Earth’s Limits: Why Growth Won’t Return

The 2008 crude oil price, $147 per barrel, shattered the global economy. The “invisible hand” of economics became the invisible fist, pounding down world economic growth to match the limitations of crude oil production.—Kenneth Deffeyes (petroleum geologist). An excerpt from Chapter 3 of Richard Heinberg’s upcoming book The End of Growth.