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After Oil

The weightless economy still has dirty old oil pumping through its veins, as the recent fuel blockades demonstrated, says David Fleming. In the next ten years, the growing demand for oil will permanently overtake a shrinking supply — playing havoc with price. Why are western governments doing nothing to prepare?

Safe to breath

Shane Perryman, Energy Bulletin

The Guardian recently ran an article titled: “The oxygen crisis: Could the decline of oxygen in the atmosphere undermine our health and threaten human survival?)

Not to worry. The O2 released from photosynthesis comes from H2O. Thus there will never be a shortage of material for the production of O2 so long as there is water on this planet. There is no “peak oxygen.”

THE END OF CHEAP OIL

Colin J. Campbell, Scientific American

In 1973 and 1979 a pair of sudden price increases rudely awakened the industrial world to its dependence on cheap crude oil. Prices first tripled in response to an Arab embargo and then nearly doubled again when Iran dethroned its Shah, sending the major economies sputtering into recession. Many analysts warned that these crises proved that the world would soon run out of oil. Yet they were wrong.

Energy and Permaculture

Even the most productive sustainable systems imaginable would never sustain large-scale cities, a global economy, and Western material affluence even if all the conventional energy conservation strategies were to be adopted. This is a bitter pill to swallow for Westerners raised on the notion of material progress.

Oil price trends through 2004-2010

World oil stocks, depending on country and using periodic data from the IEA, EIA and oil analysts, in fact remain well below average figures for the 2000-2003 period. Combined with recent – extreme – figures from the IEA for world oil production (well over 82 Mbd) the overall reading is that world oil markets will remain tightly supplied with generally uptrending prices, right through the period to 2010.