Peak oil has been discussed for a number of years, but its timing has been pushed out into the future by the emergence of high environmental impact mining techniques like shale oil, oil sands and fracking of natural gas (also used as an oil substitute) across the world.
This change in timing is particularly notable in the US, where for the first time in many decades the nation is not dependent on imported supplies of fossil fuels. Coming at a time when OPEC is trying to retain some control of world markets, this has resulted in a massive price drop that is not truly related to actual reserves but short-term oversupply.
It is unlikely that the same kind of oversupply is ever likely to affect the latest ‘peak resource’ constraints, ‘peak metals’ because many of them are so rare and some like arsenic and selenium can’t even be mined except as a by-product of other mining.
For many years, there has been concern over the increasing use of these incredibly rare metals like indium (used in some LEDs, circuit boards, LCD TVs, smart building systems, computers, phone screens, and so on), ruthenium (printable photovoltaics), gallium (semiconductors, LEDs, lasers and thin-film photovoltaics), neodymium (hybrid vehicle motors and batteries) europium and yttrium (fibre optics and fluorescent and mercury vapour lighting) and rhenium (one of the rarest elements in the earth’s crust, used in jet engines).
A recent study from Yale researchers is the first peer-reviewed assessment of the criticality of all of the planet’s metals and metalloids. The study underlines the increasing risk to supplies (including geopolitical risk) and the critical importance of mitigating resource use.
Our use of metals in consumer and building electronics is often in very small quantities and this makes recycling very difficult. E-waste is also currently a very diffuse waste stream and one that is highly polluting as many of these metals are very toxic in the environment and to workers in e-waste recovery facilities. Our use of multiple plastics, often bound together inseparably, is similarly not focussed on recovery and re-use.
The recent Product Stewardship Act 2011 initiative by the Federal Government involves industry funded voluntary, co-regulatory and mandatory product stewardship initially for televisions, computers, printers and computer products. The initiative calls for free pickup for consumers, and it will be expanding to a full National scheme by 2021 with 80 per cent recycling rates targeted. The scope of products being considered for expansion of this scheme includes batteries under five kilograms, consumer packaging, small air conditioners, refrigerators, and waste architectural and decorative paints.
But recycling shouldn’t be a first response. It should be the last option. Making better and longer use of the original product needs to be the priority.
There are also geopolitical supply chain risks with many of the rare materials we are increasingly relying on being from unstable or politically sensitive areas. China controls over 70 per cent of the rare earths that we are depending more and more on for items such as high performance magnets and batteries. These are the backbone of the emerging electric vehicle market, high speed trains, distributed solar networks, off-grid and grid storage batteries, medical devices like MRI machines, infrared sensors and many other uses.
Other countries that supply rare elements in everyday use include Bolivia, Chile and Argentina and the war-torn countries of Democratic Republic of Congo and Afghanistan.
Another joint study from the Helmholtz Centre for Environmental Research in Germany, Yale University and Michigan State University has shown that we are facing an even more critical situation in our food production systems. Peak milk happened in 2004, peak soybeans in 2009, and peak chicken in 2006. Rice peaked in 1988. The new study published in Ecology and Society explains that 21 key resources that humans rely on — mostly food — have already passed their peak rate of production.
‘Peak’ in this case doesn’t mean that we’re actually producing fewer chickens or less milk yet, rather that the rate of production has plateaued, while at the same time the population – and therefore the consumer base – is increasing.
The researchers analysed production rates over time for 27 key resources, including some fossil fuels. While they found that nonrenewable resources like coal, oil, and gas haven’t peaked, most food product systems have. While not predicting a date for peak production, they found that the production rate is slowing across so many food supply chains at the same time.
This is partly because each supply chain relies on the same limited resources such as land, topsoil, nutrients (especially phosphorous) and water, with some even relying on each other. For instance, the meat industry uses around 70 per cent of the grain grown in the US.
While the study does not allow for innovation, especially disruptive innovations that could lead to easier production of animal proteins or more productive plants that might dramatically change our ability to grow food, it does show us that we are on a track to an overall resource shortage and that we have to dramatically rethink the way we design, construct/consume and dispose of all resources, no matter what their purpose or source.
Recent innovations in fertiliser manufacture and a realisation that ‘peak phosphorous’ (estimated by some researchers to be by 2030) is another looming supply constraint, suggests urine capture can solve this looming food crisis factor. Harvesting separate urine streams from buildings is also being touted by battery manufacturers that have developed urine battery technology such as that recently funded by Bill Gates.
A major realisation as a result of the food supply chain study and indeed reflected in the other studies as well is that even what we thought of renewable resources, aren’t as infinite as we always thought.
Across all resources and sectors, we need to be urgently more focussed on creating long lived, reparable and upgradable components to feed into circular supply chain products, buildings, and entire economies, or we will inevitably, and sooner than we probably realise, face the personal and planetary consequences.


rockman on Tue, 19th May 2015 6:34 am
“… but its timing has been pushed out into the future by the emergence of high environmental impact mining techniques like shale oil, oil sands and fracking of natural gas (also used as an oil substitute) across the world.”
I wonder how many commercial frac’ng plays out side of the US and oil sands development outside of Canada they could point to? Should be many given it been happening “across the world”. Such ignorance right at the start makes wonder if they should read further. That and the apparent assumption that the actual date of PO is a critical factor.
shortonoil on Tue, 19th May 2015 7:17 am
“This change in timing is particularly notable in the US, where for the first time in many decades the nation is not dependent on imported supplies of fossil fuels”
Got to agree with you Rock. I got to the statement above, and said “OK”. The US still imports about 6 mb/d, but that doesn’t mean we are “dependent”? Must be the refineries are importing that 6 mb/d just to keep in practice, but they don’t really depend on it. It just goes to prove that you really don’t need to know anything to get an article published.
Lawfish1964 on Tue, 19th May 2015 7:37 am
“This change in timing is particularly notable in the US, where for the first time in many decades the nation is not dependent on imported supplies of fossil fuels.” Read that and stopped reading immediately.
rockman on Tue, 19th May 2015 7:54 am
shorty – makes me think we should change the statement that we are in the “age of information” to the “age of disinformation”. Between the spinmeisters and their hidden agendas and the ignorants who have to publish or perish it’s no wonder the public is so confused.
BobInget on Tue, 19th May 2015 8:53 am
Wondering why crude dropped a buck?
What happens when demand exceeds today’s supply if and when WW economy
improves?
Today’s NYT
Saudi Arabia’s crude oil exports rose in March to their highest in almost a decade, data showed on Monday, a sign of unexpectedly strong global demand as the top oil exporter increased its output. The country shipped 7.898 million barrels a day of crude in March, up from 7.350 million in February, figures supplied by the Saudi government to the Joint Organizations Data Initiative showed. That was the highest level since November 2005, when the country shipped 7.962 million. The increase underlined Saudi Arabia’s determination not to cede market share to higher-cost producers, like shale drillers in the United States.
BobInget on Tue, 19th May 2015 9:17 am
I’m betting US imports continue to trend lower. Find out Wednesday 10:30 Eastern.
Meanwhile, KSA continues it’s bombing raids in Yemen helping support grandchild AQ.
Oil prices actually fell on last week’s Iraq news.
I’m so old, when vital pipelines in Iraq were blown oil prices would jump. Today, Iraq’s third largest city and military base crammed with deadly hardware falls into terrorists hands and oil prices go down a buck. Why?
Because Saudi controlled brokers said so.
Price Blips such as today are meaningless long term. Oil will doubtless end the week
higher. Artificial manipulation only proves KSA sees light at the end of the tunnel but it’s Amtrak going 100 in the dark.
I hope we live long enough to see how it all washes out.
forbin on Tue, 19th May 2015 9:34 am
short posted
” It just goes to prove that you really don’t need to know anything to get an article published.”
so true these days , so true…..
journalists who just copy n paste , degrees in Social Media Studies ….. Laws of Thermo-Dynamics? we’ll repeal them !
haha
copy to be sold, guys , and fact checking , well , who needs to do that ?
and so we circle the drain once more….
Forbin
Kevin Cobley on Tue, 19th May 2015 9:36 am
The US imports over 8 million Barrels per day of Oil you moron.
shortonoil on Tue, 19th May 2015 12:05 pm
The US imports over 8 million Barrels per day of Oil you moron.
That is true if you include Canada, and Mexico. When Texas secedes from the Union they are going to take Mexico along with them. Half of Mexico is already there. All the Canadians now live in Florida.
rockman on Tue, 19th May 2015 12:20 pm
“The US imports over 8 million Barrels per day of Oil.” Not a game changer per se but it’s good to remember that of those imports US refineries crack about 3 million bopd and ship those products overseas. We might import X million bopd but we don’t consume all those bbls in this country.
hiruitnguyse on Tue, 19th May 2015 12:57 pm
http://www.latimes.com/local/california/la-me-drought-oil-water-20150503-story.html#page=1
….what could possibly go wrong?
JuanP on Tue, 19th May 2015 1:10 pm
“This change in timing is particularly notable in the US, where for the first time in many decades the nation is not dependent on imported supplies of fossil fuels.”
That is as far as I got. Reading any further would be a waste of time. Skip this one and read the comments instead!
JuanP on Tue, 19th May 2015 1:12 pm
Short “All the Canadians now live in Florida.” Only during the winter, Short! 😉
GregT on Tue, 19th May 2015 1:15 pm
That’s a bit of an exaggeration guys. Not ‘ALL’ of us Canadians now live in Florida. Some of us need to stay behind to shovel the snow, and to feed the sled dogs.
apneaman on Tue, 19th May 2015 1:43 pm
“When Texas secedes from the Union they are going to take Mexico along with them.”
Have fun with the cartels y’all.
shortonoil on Tue, 19th May 2015 2:36 pm
“Some of us need to stay behind to shovel the snow, and to feed the sled dogs.
GregT, did you hear about the Newfie who went hunting, and followed the tracks.
He got run over by a train!
apneaman on Tue, 19th May 2015 2:41 pm
I bet the Maritimes would be the best place to collapse.
apneaman on Tue, 19th May 2015 2:45 pm
Oil price fall damage showing in rising insolvencies
CIBC report shows insolvencies in Canada rose by 1.2 per cent in six months with Alberta, prairie provinces hit hard, but overall rate still low
http://www.thestar.com/business/personal_finance/2015/05/19/oil-price-fall-damage-showing-in-rising-insolvencies.html
apneaman on Tue, 19th May 2015 2:46 pm
Oil prices continue slide as analysts predict $45 a barrel by October
http://calgaryherald.com/business/energy/oil-prices-continue-slide-as-analysts-predict-45-a-barrel-by-october
apneaman on Tue, 19th May 2015 3:00 pm
One-in-four oil, gas jobs could be lost in 2015: study
http://www.ctvnews.ca/business/one-in-four-oil-gas-jobs-could-be-lost-in-2015-study-1.2380544
Perk Earl on Tue, 19th May 2015 4:34 pm
Per your linked article, Ap, oil price dropped even farther as the day wore on.
http://www.bloomberg.com/energy/
WTI -2.17 to 57.26
Brent -1.90 to 64.37
For a few weeks oil price was headed back up then leveled off and seems to be starting a new descent. The squeeze is on.
apneaman on Tue, 19th May 2015 4:57 pm
Retail Store Closings and Bankruptcies – Most American Shoppers ‘Broke’
http://jessescrossroadscafe.blogspot.ca/2015/05/retail-store-closing-and-bankruptcies.html?utm_content=buffer2c1a5&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Northwest Resident on Tue, 19th May 2015 5:08 pm
apneaman — We’re well along the path of collapse, WAYYYY past the point of no return. I’m sure you know that. But most people don’t. Most people are like alcoholics on a major drinking binge, thinking things are “just fine” and that “everything is under control” as they stumble and trip from one day to the next. Denial is a powerful trait in the human species, and denial is the FORCE that keeps it all glued together, for now. Sooner or later a big hard splash of reality is going to wake a few people up, and when that happens, better not be in the way when the stampede starts. Propaganda, fantasies and illusion — just ask Nony how good life is these days, he’ll tell you all about it!
apneaman on Tue, 19th May 2015 6:05 pm
Same as it ever was NR. My family are among the stumbling herd; living as if the consumer paradise is eternal. My warnings were met with silence or “you’re just being negative”, so I have stopped for the most part. Excepting that denial is a major part of the human condition is the biggest hurdle to acceptance. Status is the other one. It is so powerful that many intelligent people would rather remain silent than speak up and lose their status. Loss of status is a form of death for most humans. Even notice how many people high status people only speak out when they are at or near retirement? I find Ernest Becker’s work (The Denial of Death) has some great explanatory power for what is going down. His students, like Sheldon Solomon, have done much to advance his work too. Fascinating stuff.
Here is a primer from Solomon.
https://www.youtube.com/watch?v=wBLLHZcA6j4
apneaman on Tue, 19th May 2015 6:13 pm
Poor Nony. I noticed lil Planter has been absent lately too. At this rate there will be no one left to yell at 😉
Perk Earl on Tue, 19th May 2015 6:30 pm
Had to laugh when I read this litany of changes that have occurred with the latest being a push for a cashless economy.
http://www.zerohedge.com/
“A depression is coming? Let’s put interest rates at zero. The economy is still in trouble? Let’s have the central bank print trillions in new securities. The banks are not lending? Let’s change the accounting rules and offer government guarantees and funds. People are still not spending? Let’s have negative interest rates. The economy is still in the tank? LET’S BAN CASH TRANSACTIONS!”
I wonder if they’ve thought far enough ahead to realize that with a cashless economy’s GDP will take a hit. Even if GDP only drops 2%, it would still sink the economy into a recession because Qtr. 1 only hit +.02% GDP. It’s strange to think of a cashless society. What will the slums do? How will street drug deals be completed? What about garage sales? How will kids buy candy bars? Are prostitutes going to use an ap to accept credit cards, and will there be an ap for pimps?
Nonetheless, it seems a distinct possibility the banks will push for a cashless system to reduce the chances of a run on the banks.
Apneaman on Wed, 20th May 2015 6:31 pm
Positive feedback destroying resources.
……………………………………
Drought-induced tree mortality accelerating in forests
http://phys.org/news/2015-05-drought-induced-tree-mortality-forests.html