Peak Oil is You

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News from March 2007

Quiet desperation

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As the Toronto International Film Festival program put it when the film debuted there in September, Radiant City sets out to show that “there’s something more desperate about suburbs than their housewives.” This desperation lies in everything from the white boards on the fridge organizing after-school gymnastics and French lessons with military precision to the […]

Cost, consumption of gas both up

…

Residents encouraged to take part in power discount plan

Southern California Edison is encouraging customers to enroll in its Summer Discount Plan now so that they can be eligible for bill credits during the summer months, June through September, in return for allowing SCE to interrupt their air conditioner during powersupply emergencies. There are already more than 213,000 customers participating in the program, but […]

Former MBNA waterfront complex sold

…Simmons is pressing ahead in creating what he calls an “Ocean Energy Institute.” “Initially, it will not take much of the building space,” he wrote. “Ideally, over time, this center will be the ‘Silicon Valley’ headquarters for Ocean Energy expertise and [spawn] many growing business activities for what might become the only real way to […]

The Energy Report

…Holy Peaks! The Peak Freaks – if you believe the government – had it right all the time! First global warming then peak oil! What catastrophe awaits us next! In fact the world is getting so scary I am afraid to get out of bed in the morning. But there it is in black and […]

The Dirt on Coal

The peak of world production is only ten to fifteen years away. The peak of U.S. production is in the past. Reserves have been overstated by as much as 90%. There are serious implications for our entire way of life. And the media are still reporting that there will be abundant supplies for another 150 […]

Alternative Energy

This morning, as CNBC devoted wall-to-wall coverage to the corn-crop report, stirring old memories of Trading Places, a couple of anchors astutely wondered if all the unusual attention being paid to this typically mundane report wasnAnd if you believe the old saw that when a trend finally makes it to popular magazine covers, the trend […]

Protests disrupting Ecuador oil flow end

QUITO, Ecuador – Protests that led the Brazilian state oil company to halt production in the Ecuadorean jungle have ended, Ecuador’s Energy Ministry said late Friday. Officials did not say whether the company had resumed production. In a statement, the Ministry said losses from the production freeze totaled more than $40 million, a loss of […]

Sydney dims lights to protest emissions

SYDNEY, Australia – Australia’s largest city dimmed on Saturday night as businesses and homeowners switched off the lights to draw attention to global warming. The normally gleaming white sails of the Sydney Opera House darkened, and so did the iconic harbor bridge and chunks of the city skyline. Security and street lights, as well as […]

James Howard Kunstler: Remarks to the Commonwealth Club of California

Two years ago in my book, The Long Emergency, I wrote that our nation was sleepwalking into an era of unprecedented hardship and disorder As the American public continues sleepwalking into a future of energy scarcity, climate change, and geopolitical turmoil, we have also continued dreaming. Our collective dream is one of those super-vivid ones […]

Corn turns into gold for farmers

Corn soon will be coming out of the nation’s ears if U.S. farmers have their way — enough of the golden kernels to make motor fuel and livestock feed. At least for a year. The U.S. Department of Agriculture reported Friday that more than 90.4 million acres of farmland are scheduled for corn planting this […]

US/Brazil Biofuel Plans May Destroy Livelihoods, Promote Food Shortages

Ethanol represents a viable alternative energy solution. However, ActionAid urges governments to take into account that the production of such biofuels has thus far resulted in the concentration of land, resources and income into the hands of the few, the destruction of endangered rainforests, contamination of soil, air and water, and the expulsion of rural […]

Netherlands To Import More Gas

Declining national gas reserves are forcing the Netherlands to increase its imports. Companies and consumers will pay higher charges, Economic Affairs Minister Maria van der Hoeven has warned in a letter to parliament. To absorb declining production of natural gas from Dutch fields in the future via imports, substantial investments in the gas network are […]

Togo requires financial fund to solve energy crisis

The resolution of Togo’s energy crisis requires an investment of approximately 10 billion CFA francs (20 million U.S. dollars), a Togolese energy and mines ministry official said on Friday. Togolese energy and mines minister Leopold Gnininvi is currently negotiating for funding with Togo’s partners in order to find a way of overcoming the prevailing situation, […]

Europe Must Hurry To Secure Energy Supplies – Experts Say

The European Union has said diversifying energy supplies and transit routes is one of its most urgent priorities. However, analysts say the EU needs to act fast if it wants to secure direct access to Central Asian oil and gas — and warn that Russia is purposely attempting to undermine some of the EU’s key […]

Ask the expert: the energy sector

Oil prices are back in the headlines having risen on increasing geopolitical tensions. The stand-off over Iran’s nuclear plans and capture of 15 British Navy personnel has raised worries about the risk of threat to oil supplies from the country. Stephen Schork, a high-profile expert in energy research and editor of the influential daily Schork […]

Declining oil pushes Mexico to rethink taxes

Mexico needs better tax collection — and fast. Production at Pemex, the state oil monopoly and biggest taxpayer, is falling. Evasion among businesses and individuals is rampant. At a time when Pacific Rim trade rivals such as China are investing in superhighways and research centers to speed economic growth, Mexico is struggling to fund basics […]

Oil sands boom adds to worker shortage woes

In labour hungry Alberta, more oil sands production is predicted through to the year 2020, a portent that may compound the province’s construction industry woes. A Canadian Energy Research Institute (CERI) study predicts the oil sands in Fort McMurray will triple production, pushing spending over $7.5 billion mark. Limited time for training and demand in […]

Opec doesn’t need to act on oil prices, Qatar says

Opec, producer of 40% of the world’s oil, doesn’t need to take action after crude prices reached a six-month high amid a dispute between Iran and the UK over the detention of 15 British servicemen, Qatar has said. “Opec is not powerless, but there is no reason to do anything at this point,” Second Deputy […]

Oil-enriched Arab Investors Turning Away from U..S Dollar & U.S. Investments

Three articles from Reuters (below) report that investors from the oil rich Gulf Arab nations are “eager” to diversify away from the U.S. currency. Reuters reports movement to the Euro and Asia “to invest windfall oil revenue, eager to ride the rise of China and India.” On Monday, Reuters reported that the Dubai International Financial […]

International and Corporate Leaders Discuss Climate Change

The Climate Group will host a briefing on the economics of climate change featuring Sir Nicholas Stern businesswire

Analysis: Nuclear-powered oil sands

Nuclear companies and those mining Canada’s oil sands are poised to team up to separate crude from deep Earth and pump it to the surface. A number of nuclear companies, led by Energy Alberta, which has plans to bring two reactors online to power sands operations by 2017, are looking to provide the energy needed […]

Abrupt climate change more common than believed

Dramatic as this single event was, University of Wisconsin-Madison researchers have now uncovered 29 other regions worldwide that endured similarly precipitous climatic changes during the 20th century – far more than scientists previously thought. Their study publishes today (March 30) in the online edition of Geophysical Research Letters. The work represents the first systematic survey […]

U.S. ready to strike Iran in early April

Russian intelligence has information that the U.S. Armed Forces have nearly completed preparations for a possible military operation against Iran, and will be ready to strike in early April, a security official said. rian

Building the Green Economy

As more and more people have realized that our profit-driven industrial activity is destroying Mother Nature consciouschoice

Plan for big offshore wind farm passes hurdle

A controversial plan to build the first large U.S. offshore wind-power farm won approval from Massachusetts authorities on Friday but still must clear federal regulatory hurdles. The wind farm would consistently generate 170 megawatts of electricity, enough to power about 75 percent of Cape Cod and the nearby islands of Martha’s Vineyard and Nantucket. At […]

Norway Oil Chief Outlines Industry Challenges

Norway’s oil industry must tackle the competition challenges raised by the merger of its two largest companies if it’s to continue to flourish, the head of the country’s oil industry association said. rigzone

Evergreen mill may test hydrogen technology

Evergreen Pulp is aiming to be a proving grounds for technology that could wean it off natural gas and potentially produce hydrogen fuel, part of a push by the state to develop clean energy. times-standard

First Reserve earmarks $780 mln for alt energy

First Reserve Corp. positions itself in the mushrooming, world of private equity as an investor in energy firms tied to the massive oil, coal and gas business. But now in its latest fund of $7.8 billion, ranked as the richest energy investment pool to date, the Greenwich, Conn.-based private equity firm set aside $780 million […]

GAO Peak Oil Report Highlights Challenges in Transportation Sector

The US Government Accountability Office (GAO) has published a report examining peak oil, exploring (1) when oil production could peak, (2) federal agency efforts that could reduce uncertainty about the timing of peak oil production or mitigate the consequences, and (3) the potential for transportation technologies to mitigate the consequences of a peak and decline […]

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