The enthusiastic professionals in Paris report that: "Global oil supply fell 250 kb/d to 86.8 mb/d in August, as non-OPEC output dipped to 52.4 mb/d on seasonal maintenance in Canada, the UK and Russia." As often, the agencies don't completely agree on what's going on, with OPEC now seeing July as only a partial restoration of production cuts in June, but the IEA still seeing it as taking production to a higher level. But both concur that August is now below the level of February.
Wednesday saw the release of BP's Deepwater Horizon Accident Investigation report – the company's version of the events that led to the explosion of the Deepwater Horizon oil rig. BP admits responsibility for some of the list of technical and human failures which it says led to the disaster, but also heaps blame on both the rig owners Transocean and contractors Halliburton...
A midweek roundup of peak oil news, including:
-Prices and production
-The BP report
-Toxic dispersants in Gulf oil spill creating hidden marine crisis
-Gulf Doctors Advised to Learn to Treat Oil-Related Illnesses
-Oxygen drops near BP spill but no "dead zone"-US
-BP oil spill disaster report paves way for bitter legal battle
-BP Spill Report Hints at Legal Defense
-BP oil spill report: the Deepwater Horizon blame game
There’s a palpable sense of expectation as we cruise down the canal. Two dozen people and barely a word passes between us. It’s not the roar of the triple outboard engines, nor the forced camaraderie of strangers thrust together, with only their environmentalisms in common. Rather, it’s the sense that we’re travelling towards something—not a place, but a phenomenon, an event—whose name we know but whose face we have not yet seen.
Someday there will be thousands of scholarly books on how political systems coped or failed during the transition from fossil fuel-sustained civilizations to that which is to come. For now, however, there are practically none as only a relative handful of the 6.7 billion on earth today have even a glimmer that the great transition is underway.
In this seven part KrisCan interview with energy analyst Chris Nelder, they cover topics ranging from the consequences of the moratorium from the Macondo well blowout in the Gulf of Mexico to the legitimacy of Cap and Trade; how U.S. offshore oil drilling will affect domestic oil supply in the coming decade and how policy in America curtails the incentivizing of an energy transition to more renewable sources.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-Food
-The moratorium
-The Bundeswehr on peak oil
The April 2010 oil leak in the Mexican Gulf illustrates the risks being taken to extract oil from inaccessible fields, and in June a Lloyd’s 360° risk insight report said, “we have entered a period of deep uncertainty in how we will source energy for power, heat and mobility and how much we will pay for it.” The reason why such damaging extraction methods are pursued, and why Lloyd’s are telling us we face a “new energy paradigm” rather than normal market volatility, is that oil discoveries peaked 40 years ago, and oil supply is probably at its maximum, with decline soon to follow. This has substantial implications for transport, food, jobs, health, and health care.
The Witch of Hebron picks up a couple of months after World Made by Hand ended. Returning to the small upstate New York town of Union Grove, the new book further defines the post-apocalyptic setting, adds depth to characters who played only minor parts in the first story, ties up loose ends from the previous book and introduces some all new dilemmas. And it does all of this against the backdrop of a full-moon Halloween, lending a delicious sense of foreboding to the proceedings.
Nicole Foss, a.k.a. Stoneleigh, of "The Automatic Earth" launches her modern day "Paul Revere" style tour in Michigan on September 10. Foss received rave reviews for her presentation at the Transition Towns UK conference, and recently appeared on the Financial Sense News Hour with Jim Puplava. Foss takes a "big picture" approach and describes peak oil in the context of the economic crisis, adding essential information to the understanding of the future.
- "How to Boil a Frog" TV premiere in Canada next Wednesday!
- Peak oil and happy cows (interview with IEA's Fatih Birol)
- Voices of the Transition
- Kurt Cobb: Fossil Fuels vs. The Public Interest
- Is Fracking Even Worse Than Drilling?
- Canada tar sands industry ignoring toxic river pollution
...now does seem to be an auspicious moment to hold forth with a new piece of Peak Oil theory, because this is the year when, for the first time, just about everyone is ready to admit that Peak Oil is real, in essence, though some are not quite ready to call it by that name.
A report by the German armed services (the Bundeswehr) on the implications of peak oil on national security was leaked to the internet this week and picked up by Der Spiegel. The report, which was produced by the Future Analysis department of the Bundeswehr Transformation Centre, acknowledges that peak oil will happen, and that while estimates of the timing vary it could be any time from 2010 with the impacts on security likely to be felt 15 to 20 years later.
- China Cuts Rare Earth Export Quota 72%
- Rare earth minerals from China are rarer
- Why the world is running out of helium
- Time to close the global energy gap
- Putin opens Russian section of Siberian-Pacific oil pipeline
This week a study on peak oil by a German military think tank was leaked on the Internet. The document shows that the German government is closely studying the issue of peak oil, and is aware of the potential for serious consequences as oil production declines. The study is reminiscent of the Hirsch Report, commissioned by the U.S. Department of Energy, that warned of the risks posed by peak oil. ... Below is a friend's translation of the major points in the report.
RICHARD GILBERT and DAVID BRAGDON discuss the future of transportation systems as we near the end of cheap oil. What are the solutions? How will we get there? Are we facing the end of the internal combustion engine?
A midweekly roundup of peak oil news, including:
-Prices and production
-China continues to grow
Algae are tiny biological factories that use photosynthesis to transform carbon dioxide and sunlight into energy so efficiently that they can double their weight several times a day. As part of the...
Texas Institute of Science is the leading global entity providing research, development, testing, and application engineering services to its Client’s R&D divisions around the world. Through...
Late July officials from six countries met in Turkey and signed an agreement to build the Nabucco pipeline. The pipeline will run from Turkey’s eastern border through Bulgaria, Romania, Hungary and...
One of the most enterprising people you will ever get to meet in the whole of Africa, are the Nigerian people from the southeastern region, they say. I have not really been around Africa but...
If you are considering taking up the great sport of golf for exercise, business concerns, or merely as a hobby, you should make sure you are picking the right golf clubs for your particular golf game...
The rapidly growing 'Network of Professionals' program of Texas Institute of Science (www.TxIS.us) is aimed at highly motivated professionals who interact with technology-based companies in their...
With the world facing one of the most significant economic downturns in the last century, an increasing number of corporations are acting very cautious with their existing liquid assets....
Here at Lets Be Silly tm and our correspondents, Because Oil Matters tm, we are dedicated to being silly and making oil matter Zeig Heil to the Oil!
Climate change is a hot topic in politics and on the web. Some refer to it as "Global Warming" but here we can accept all view points. Our world is changing including the weather...
Looking for technical partners to set up JV oil service company in West Africa/Nigeria. Primarily to bring in expertise Not Capital. thx Ebipere
Hello All Here How interesting! The petroleum club has in fact, a spot for biofuels It seems at this stage, I am the only one here who is involved in biofuels If that is not so, could the others if...
With coalition naval forces moving into position in the Persian Gulf to protect Bahrain and Saudi oil facilities from al-Quaeda threats, do you think Iran may view this as military pressure on them...
Anyone looking for CAT3512 brand new 2003 models with desert radiators? I have multiple units available. Middle East location for inspection.
A large Saudi engineering and construction company is looking for English-speaking managers to oversee their infrastructure projects and pubic works; civil and electrical and mechanical engineers,...
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