Peak Oil is You

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News from April 2010

Oil Depletion Analysis Centre Newsletter, Apr 30

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As oil companies reported sharply increased profits this week, an estimated 5000 barrels of oil a day was spewing into the Gulf of Mexico following the explosion of the Deepwater Horizon oil rig. This ecological disaster comes just a month after President Obama gave the green light to expand drilling off the US coast, and while […]

Warming, End of Oil, Perfect Storm A Talk by Richard Heinberg

Richard Heinberg Senior Fellow In Residence at the Post-Carbon Institute in Lexington, MA Download MP3

The Gold Rush in Iraq

There is a Gold Rush Underway in Iraq, with major implications for the rest of us. The success of the recent oil auctions in Iraq is creating a windfall for American oil services companies. Schlumberger (SLB), Baker Hughes (BHI), Weatherford (WFT), and Halliburton (HAL) have committed to drilling 2,500-3,000 new wells per year and building […]

The BP Oil Rig Disaster

Under normal circumstances, I would be all over the story of last week’s BP oil rig disaster. By now, you all know that BP suffered an explosion and a fire in the Gulf of Mexico in which lives were lost and an unprecedented leak a mile below the surface of the ocean is occurring. Because […]

UN pushes for energy efficiency, access

‘Easy’ oil is gone says editor of the Oil and Gas Journal

Sometime in the ’70s, the state geologist of Pennsylvania warned that the birthplace of oil was about to run out of the black gold. “That was the 1870s,” the Texas state geologist, Scott Tinker, said Monday, delivering the punch line in a joke about the oil industry’s short-sightedness. More than 130 years later, the world […]

First US Offshore Wind Project, Cape Wind Approved after nine years ‎

The federal government has finally approved a 130-turbine wind farm off the coast of Cape Cod, dubbed Cape Wind, that has been in the works for nearly a decade. Renewable energy proponents are celebrating the U.S.’s decision to catch up with the rest of the world in offshore wind, but, as expected, the announcement has […]

After The Peak: Grocery Store Problems

WNOC News interviews the manager of a local grocery store to learn more about the impact of peak oil on the food supply.

Financial speculation boosting oil price

…It was hard to quantify how much speculation has raised prices by, but estimates ranged from around $10 to $30 a barrel. If prices are $10 a barrel higher than dictated by supply and demand, producers are earning an extra $6 billion a week globally, or more than $300 billion a year. The role of […]

Take the politics out of environmentalism

“(‘Global warming’) implies that the biggest problems are related to temperature change,” said Mark Chandler, NASA research scientist. “Though that is the fundamental beginning of the problem … it’s just a tiny part of what’s really happening.” It’s nice to pretend none of this is happening or that it is not our fault, but we […]

Australian infrastructure expert warns of fresh oil crunch

He says peak oil when demand outstrips dwindling supply – has already hit, but the global downturn has kept prices low . Professor Newman even blames oil for causing the global recession in the first place, and he’s not alone. Radio Australia

Venezuela, Brazil to sign deals on oil, power

Hugo Chavez and his Brazilian counterpart Luiz Inacio Lula da Silva will sign cooperation deals worth at least two billion dollars on oil and power generation, the Venezuelan president said. “We are going to sign a package of agreements following what Lula was talking about in Caracas: speeding up the pace” of cooperation on Wednesday, […]

Shell CFO:Added 350M Bbl To Gulf Of Mexico Reserves In ’09-’10

Royal Dutch Shell added 350 million barrels of oil equivalent to its oil and gas reserves in the Gulf of Mexico from discoveries in 2009 and 2010, Chief Financial Officer Simon Henry said Wednesday. “We are looking at options to fast-track the development of these very exciting finds, with over 150,000 barrels of oil equivalent […]

Peak Everything?

Forget peak oil. What about peak lithium, peak neodymium, and peak phosphorus? Ronald Bailey | April 27, 2010 When you really need something, it’s natural to worry about running out of it. Peak oil has been a global preoccupation since the 1970s, and the warnings get louder with each passing year. Environmentalists emphasize the importance […]

Giant Gravel Batteries Could Make Wind Power a Reliable Energy Option

Wind and solar are such promising technologies for the hydrocarbon-free energy sources of tomorrow, but intermittent, inconsistent output renders them unfeasible as anything other than secondary power sources. But UK firm Isentropic thinks it may have solved the problem as it pertains to wind power; all we need to stabilize the energy flow from turbines […]

Adaptation, Habituation, Consumption and $9/Gallon Gasoline

Human beings resist change until there is no other choice, and then they adapt and habituate rather quickly. Human beings are remarkably adept at short-sightedness and denial. 100,000 years of adapting to the roaming, nomadic hunter-gatherer lifestyle rather naturally led to a mind and awareness attuned to satisfying present-day needs and exploiting near-term windfalls (a […]

Why Americans Are So Lonely, and Why Future Prosperity Means Socializing with Your Neighbors

Community may suffer from overuse more sorely than any word in the dictionary. Politicians left and right sprinkle it through their remarks the way a bad Chinese restaurant uses MSG, to mask the lack of wholesome ingredients. But we need to rescue it; we need to make sure that community will become, on this tougher […]

Global downturn cushioned peak oil impact

One of the Federal Government’s top infrastructure advisers is warning of an oil crunch that could send the global economy spiralling back toward recession. Curtin University Professor Peter Newman sits on the Government’s Infrastructure Australia Council and says peak oil – when demand outstrips dwindling supply – has already hit but that the global downturn […]

Colin Campbell shifts focus to peak price, demand

Retired petroleum geologist Colin Campbell, who worked for major oil companies as well as smaller firms, has long been associated with the belief the world’s oil supplies are dwindling. He does not waver from that and dismisses the argument of the so-called optimists that technology will manage to keep eking out more and more oil […]

Saudi Prince Alwaleed Interview With Bloomberg

Saudi Prince Alwaleed bin Talal talks with Bloomberg’s Vernon Silver about Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett, his stake in Citigroup Inc. and reasons for not using the Internet. Bloomberg

Climate debate gets ugly

Climate scientists, used to dealing with skeptics, are under siege like never before, targeted by hate emails brimming with abuse and accusations of fabricating global warming data. Some emails contain thinly veiled death threats. Across the Internet, climate blogs are no less venomous, underscoring the surge in abuse over the past six months triggered by […]

China faces water deficit

China will face a water supply deficit of up to 201 billion cubic meters in the next two decades if the country does not adopt proper water-saving technologies and practices, a report by global management consulting firm McKinsey & Company has found. Given the drastic growth in industrial and municipal water use, China’s total water […]

Saboteurs hit Iraq’s northern oil pipeline, halting exports

Iraqi oil exports have been cut due to sabotage along the northern pipeline system, according to officials who say repairs could take up to a week. The 970-km line transports crude oil from the country’s Kirkuk fields to Turkey’s Mediterranean port of Ceyhan. “The export pipeline is damaged and oil flow to the Turkish export […]

Depletion of fossil energy resources

Depletion of global fossil oil resources has been the theme topic of the world economic and political circles over the past decades, particularly in consumer countries in Europe and America. This has also been a source of great apprehension in those countries. The heart of their discussion is about the alternate sources of energy when […]

Time to put population control back on the environmental agenda

Forty years ago last week, 20 million Americans took to the streets to celebrate the first Earth Day. Their agenda was wide-ranging: pollution, smog, endangered species. But one issue — population growth — was seen as the mother of all environmental problems. As Paul Ehrlich, author of “The Population Bomb,” famously remarked: “Whatever your cause, […]

Iran hopes to sign Iraq oil pipeline deal

Iran hopes to sign a deal with Iraq to build an oil export pipeline from Iraq’s southern city of Basra within a month, an Iranian diplomat said on Sunday. The plan for a pipeline from Iraq’s southern city of Basra to Iran’s Abadan refinery is not new, as both OPEC members signed an initial agreement […]

Puru Saxena China & Peak Oil

CNBC interview with Puru Saxena (CEO of Puru Saxena Wealth Management) on 26th April, 2010 regarding “China & Peak Oil”.

Sorry to Bug You, but Everything Is at Risk

The concept of worldwide peak oil has been around for a while and usually is considered the domain of crackpots and conspiracy theorists. Unfortunately those left-wing granola slurpers at the Pentagon are not alone. The military¹s analysis aligns neatly with a recent study by the University of Kuwait and another estimate issued by billionaire Richard […]

Shell Highlights Kuwait’s Natural Gas Potential

Gas consumption in the Middle East region is predicted to grow by about 5 per cent per annum, similar to China and twice as fast as in the major European economies. By 2015, total consumption in the Middle East will have almost caught up with consumption in the major European economies, Malcolm Brinded, Shell Executive […]

Platts Oil Roundtable: Volcanic ash causes airlines considerable losses; US oil rig disaster; Petroplus offer for UK refinery

Joel Hanley, managing editor for crude, Richard Swann, managing editor for oil news, and Tim Worledge, middle distillates editor, discuss IATA’s claim that airlines have lost around $1.7 billion as a result of the chaos caused by volcanic ash; the US oil rig accident in the Gulf of Mexico, resulting in casualties and a major […]

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