Peak oil review – Sept 10
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Middle East
-The Eurozone crisis
-Quote of the week
-Briefs
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Middle East
-The Eurozone crisis
-Quote of the week
-Briefs
“Everybody’s got a plan until they get punched in the mouth.” — Mike Tyson
“That’s a pithy way of saying where our country, perhaps the developed world, is at right now,” notes author James Howard Kunstler. We’ve blown past the mileposts for global peak oil, says Kunstler in his new book, Too Much Magic: Wishful Thinking, Technology and the Fate of the Nation, and we expect technology to save us.
The summer holidays brought no relief on oil prices with Brent climbing back to $115/barrel. Sanctions on Iran and hurricane Isaac are having an effect, but recent reports from Barclays Capital and Citigroup point to more fundamental issues.
In the beginning, the Master Economist created the Economy. He created businesses large and small, consumers, governments with their regulation, and financial institutions of all types. And the Master Economist declared that the economy should grow. And it did grow, but only for a while. Then it stalled. Then He declared that stimulus of various types should fix it, and it did, for a while. Then He declared that if humans would just wait for a while, it would fix itself, but it wouldn’t.
When it comes up in casual conversation that I do not generally heat or cool my house, people either move to another seat or look at me with some mixture of admiration and disbelief.
The tie between energy supply, population, and the economy goes back to the hunter-gatherer period. Hunter-gatherers managed to multiply their population at least 4-fold, and perhaps by as much as 25-fold, by using energy techniques which allowed them to expand their territory from central Africa to virtually the whole world, including the Americas and Australia.
This book takes us in a new direction, moving beyond the analytical stage of defending simplicity and criticising growth-based, consumer-orintated economies, toward the recognition that our primary task now lies in actively promoting alternative ways of living through education, not simply research and analysis. Living simply in a consumer society isn’t easy, but it just got easier. [Free online book]
As Labor Day nears, a quiet summer seems poised to turn into an autumn to remember. Our concern here, as it has been for many years now, is the price and availability of oil products vital to our civilization. One of the many ways to think about peak oil is the point in time when our gasoline and other petroleum-fueled endeavors, such as air travel, become too expensive for casual use. As the use of petroleum products slows (US consumption is down by 4.4 percent from last year), our economy activity gradually drops to a slower pace.
-Drilling permits decline sharply for the Pennsylvania Marcellus formation
-University of Texas Compounds Conflict Question in Review of Gas Report
-Fracking Hazards Obscured In Failure To Disclose Wells
-Natural Gas and Its Role In the U.S.’s Energy Endgame
-Destroying Precious Land for Gas
-Fracking is too important to foul up
-Shale gas failure offers rescue for EU green energy drive
Following last year’s ASPO conference, I was interviewed by Aaron Wissner of Local Future, which is a non-profit educational organization dedicated to issues of energy, the environment, and sustainability. Aaron just made that interview available, and instead of an R-Squared Energy TV episode this week, I thought I would share this interview with readers.
A weekly roundup of peak oil news, including:
-Oil and the global economy
-The Middle East
-Ethanol
-Quote of the week
-Briefs
When the teacher arrived, people were already beginning to talk of a Great Divide, a disagreement that would eventually split the city. There were people on both sides who had strong convictions, and some who were uncertain, and as time went on the Great Divide widened. Those who were uncertain felt pressured to choose, and the two sides grew, in number and in unanimity on the surface, though not in depth and commitment. As each side grew larger in number, their ideas became hollower, and as the strength of people’s belief grew it became less clear what they believed in.