Consumption & Demand

ODAC Newsletter – Mar 23

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Brent oil prices flirted with $125/barrel again this week before dropping back on news of weaker than anticipated European and Chinese industrial activity. The political and economic pressure of surging prices prompted Saudi oil minister Ali Al Naimi to claim the kingdom can raise production by 25% (2.5 mb/d) immediately if necessary. But that was in flat contradiction to his recent admission that 700mb/d of Saudi’s claimed 2.5 mb/d spare capacity could not be brought on stream in under 90 days – three times longer than the standard definition.

Tom Murphy Interview: Resource depletion is a bigger threat than climate change

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Rising geopolitical tensions and high oil prices are continuing to help renewable energy find favour amongst investors and politicians. Yet how much faith should we place in renewables to make up the shortfall in fossil fuels? Can science really solve our energy problems, and which sectors offers the best hope for our energy future? To help us get to the bottom of this we spoke with energy specialist Dr. Tom Murphy, an associate professor of physics at the University of California. Tom runs the popular energy blog Do the Math which takes an astrophysicist’s-eye view of societal issues relating to energy production, climate change, and economic growth.

If only we had free energy

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I thought I’d do a thought experiment. Suppose tomorrow morning a hypothetical university—let’s call it T.I.M.—sends out their weekly press release claiming a “revolutionary breakthrough” that will change the way we think about energy. Unlike every other time in the past decade they’ve made this claim, though, suppose this time it’s actually true: they’ve discovered a way of producing extremely cheap energy—as near to “free energy” as can be imagined.

Oil, politics, talk and reality- Mar 21

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-Saudi Arabia Can Raise Output 25% If Needed, Naimi Says
-Tech Talk – Going Back to the First Look at Saudi Arabian Oil Production
-Saudi Arabia sends tankers to US with pledge to bring down oil price
-FACT CHECK: Does more US drilling ease gas pump pain? Math, history show that hasn’t happened
-Tapping Petroleum Reserve has gotten trickier
-US exempts Japan and EU nations from Iran oil sanctions

Energy in East Africa

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In most East African countries access to electricity is very low. Besides electricity, there is a basic need for energy. In Eastern African countries most of the energy consumed is produced from traditional solid biomasses, such as the burning of wood.

The search for combustibles begins early in the morning, includes several hours of walking, and, in cases where no trees are to be found, digging for roots with bare hands; in some regions this activity is accompanied by the constant danger of violent and sexual assaults. In areas where there is no wood left for burning, cow dung or other waste is used for fuel.

Towards a new model of health and well-being

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The good life is not about consumption, but rather about connection and engagement. Focal practices require work and commitment; however, they offer as their reward spaces and occasions to nurture our health, talents and relationships in the context of an engaged and healthy life.

World energy consumption since 1820 in charts

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In this post, I provide…charts showing long-term changes in energy supply, together with some observations regarding implications. One such implication is how economists can be misled by past patterns, if they do not realize that past patterns reflect very different energy growth patterns than we will likely see in the future.