Peak oil notes – Oct 9
Mid-Week Update. Energy prices continued to fall this week with New York futures trading below $87 a barrel on Wednesday and London oil falling to a close of $91.37.
Mid-Week Update. Energy prices continued to fall this week with New York futures trading below $87 a barrel on Wednesday and London oil falling to a close of $91.37.
A weekly update, including: -Oil and the Global Economy -The Middle East and North Africa -China -Ukraine -Quote of the week -The Briefs
A weekly update including Oil and the Global Economy, The Middle East & North Africa, China, Ukraine, Quote of the Week, The Briefs.
The recent shutdown of Kashagan oil field in Kazakhstan represents one of the most scathing riches-to-rags stories in modern oil history.
•China cracks down on emissions to combat choking smog •China’s first coal-to-gas plant soon to pump gas to Beijing •China’s smog reduction plan could add to water stress and boost emissions •China Faces Gas Shortage after Cutting Coal Consumption •China’s oil demand to 2020 •Beijing slashes car sales quota in anti-pollution drive •Shale Gas Revolution Not Coming To China Anytime Soon •China faces a long battle for blue skies
Citibank has released an interesting report on "peak coal" in China – referring to peak demand rather than any supply driven peak of production (something I view as quite far off) -The Unimaginable: Peak Coal in China. The limit to coal use appears to be how much pollution the Chinese population is willing to tolerate – a reminder that there is more than one "limit to growth".
•China’s Bad Earth •Pesticides, fungicides harming bee colonies, UM study says •Can Agriculture Reverse Climate Change?
Never in my life have I been so happy to see New Mexico’s blue skies…That’s how I felt after a nearly two-week visit to China in May…
A weekly update, including:
-Oil and the Global Economy
-Middle East and North Africa
-China’s Economy
-Quote of the Week
-Briefs
A midweek update. Wednesday was a down day with oil, natural gas, gasoline futures, and the equity markets all dropping sharply. NY oil futures were down 2.8 percent, closing at $94.45, as the EIA reported that US crude stocks rose by an unexpected 2.7 million barrels last week to the highest level in 22 years.
As the term “China syndrome” has already been taken, I am terming what is happening in the country these days the “Beijing syndrome,” for China’s capital seems to be shaping up as the epicenter of a great upheaval to come. A “syndrome” is a group of symptoms that, when taken together, point to a more serious underlying disease; which, of course, is what we see emerging in the contention between China’s rapid growth and its environment.
A weekly roundup, including:
-Oil and the global economy
-The Middle East & North Africa
-China
-Quote of the Week