Insight and inspiration in turbulent times.
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.
Prelude may be the first thriller novel explicitly about peak oil (numberless thrillers concern the nefarious machinations of international oil conglomerates — ultimately those are stories about peak oil too). It follows a short period in the life and career of Cassie Young, an oil industry analyst based in Washington, DC.
Saudi Arabia’s recoverable oil reserves may have been overstated by 40%. That was the warning sent to Washington from its embassy in Riyadh in 2007, according to a cable released by Wikileaks this week. The source was Sadad al-Husseini, former head of E&P at Saudi Aramco, who allegedly told US diplomats in Riyadh that Saudi’s claimed reserves of some 700bn bbls were overinflated by 300 billion barrels of ‘speculative resources’, and that output would peak once the kingdom had produced half of its original proven reserves of 360bn barrels. With 116bn produced so far, the diplomats concluded that on this basis Saudi’s peak could come in the early 2020s.
The only way that biomass achieves carbon neutrality is if growing forests sequester — that is, absorb from the atmosphere — as much or more carbon dioxide than is released in the burning process…It takes only seconds to burn a tree’s worth of wood, and decades for that tree to grow back and sequester the same amount of carbon.
The recent report from World Wildlife Fund insisting that the world can transition to renewable energy while maintaining current developed world lifestyles and abolishing Third World poverty is simply one more in a long series of loudly heralded cornucopian fantasies well detached from the hard realities of the industrial world’s predicament. The sheer amounts of cheap energy that modern civilization has to hand has blinded too many people to the fact that “vast” and “infinite” are not synonyms — and that blindness has significant implications for the near future.
Ohio, the home of John D. Rockefeller’s Standard Oil, and site of the world’s largest oil-producing provinces in the late 19th century, is again at the center of the action in domestic fossil fuel production as a controversial drilling technique, known as fracking, is draining Ohio’s remaining oil and gas reserves. With global oil production peaking and the number of new large oil finds dwindling, is increased domestic production in Ohio and other states through fracking a vital contribution to our energy security, or a fate to be fought?
The dissertation is a case study of the first official Transition Town, the English market town of Totnes, long a popular tourist destination known for its alternative culture. Using interviews, focus groups, questionnaire surveys and other social science research methods, the study examines the degree to which the Transition ideals of localization and resilience have become a reality in Totnes. (Transitioners endorse a number of upbeat definitions of a resilient community, a popular one being “[a] culture based on its ability to function indefinitely and to live within its own limits, and able to thrive for having done so.”*)
All of the world’s energy needs could be provided cleanly, renewably and economically by 2050, according to a major new study by WWF. Two years in preparation, The Energy Report breaks new ground with its global scope and its consideration of total energy needs including transport, and making adequate and safe energy available to all.
In a report meant to be both inspiring and reassuring, the WWF ambitiously declares that the world can switch to 95% renewable energy sources by 2050. The Scenario depends largely on increased efficiency and regulated flows of energy through a great system of interconnection. People are remarkably absent. The ostensible reason is that the report is focused on what is “technically possible,” which is more about joules and btus than about human behavior.
Nervousness about the mounting political turmoil in Egypt kept Brent blend above $100/barrel this week. There is concern not only about oil deliveries through the Suez Canal and the Sumed pipeline, but also the wider context…
Our new Energy Report confirms that all the world’s energy needs could be provided cleanly, sustainably and economically by the year 2050. Renewable energy is the way ahead. Fossil fuels like oil and coal could become relics of the past. And the sooner we start planning for that cleaner, greener world, the sooner it can be a reality. The new Energy Report we’ve launched today shows that turning the world’s energy supplies green is not only possible, it’s absolutely essential.
There is a story implicit in the farmer’s relation to the land, and it is our culture’s central organizing myth, the one that informs all the other stories we tell. The story is just a few words long, but its implications are widespread and profound. The story is this: everything belongs to us.
