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Page added on November 17, 2010
EU energy chief: Worldwide oil availability has peaked
The availability of oil worldwide has already peaked, the European Union’s energy chief Guenther Oettinger said on Wednesday.
“My fear is that the global consumption of oil is going to increase, but European oil consumption has already reached its peak. The amount of oil available globally, I think, has already peaked,” Oettinger told a news briefing in Brussels.
He was presenting a new EU energy strategy for investing 1 trillion euros over the next decade in a common EU energy network, to curb the bloc’s dependence on fossil fuel imports.
4 Comments on "EU energy chief: Worldwide oil availability has peaked"
KenZ300 on Wed, 17th Nov 2010 11:47 pm
It is time to end the oil monopoly on transportation fuel.
We need to ramp up production of biofuels and electric vehicles to diversify our energy needs for transportation. Making it easier to use bicycles for short commutes would also help.
Every gallon of ethanol is one less gallon of oil. In the US with ethanol blended to 10% of a gallon of gasoline that has significantly reduced the demand for oil.
If Brazil can move from reliance on oil to reliance on ethanol for auto mobile transportation so can other countries.
The time to ramp up the transition to alternative fuels is now.
Diversify…. diversify… diversify…
nano on Thu, 18th Nov 2010 2:25 am
Incredible, this Oettinger. I had an email exchange with one of his undersectretaries, imploring the Energy Commissioner to head the warnings from the peak oil community, since the IEA reporting was currupted and highly misleading. His under-secretary responded that “The EU not only relies on IEA reporting, but also on OPEC reporting.” I couldn’t think of a way to react to that one in short enough manner so as to not be ignored, so I left it at that.
And now oettinger shows his true colours! Bravo to him. Let’s hope he acts on his ‘thinking’.
Norm on Thu, 18th Nov 2010 11:17 am
Who is the clown, posting that ethanol is an alternative to oil??? thats a scam from ‘Big Corn’ states like Iowa, all subsidized. They burn as much gasoline farming that corn, as they produce in ethanol, but they don’t count that in the statistics. Ethanol IS a scam it DOESNT produce energy it consumes energy. Don’t contribute to the lies and scamming of ‘Big Corn’.
KenZ300 on Sun, 21st Nov 2010 12:58 am
A California-based company is building a $120 million biofuels plant near Reno Nevada. They expect the plant will create more than 50 full-time and 450 temporary jobs, a pretty good thing when the unemployment rate is 9.6%.
This plant is expected to produce over 10 million gallons of second generation ethanol and 16 megawatts of electricity annually by processing municipal solid waste.
This plant will create clean energy and reduce dependence on foreign oil by
processing HOUSEHOLD GARBAGE.
Clean, sustainable alternative energy — that is what we need — local energy, local jobs.
If every garbage dump in the country co-located a second generation ethanol plant we could go a long way toward producing local energy and local jobs.
Since the raw material is already being collected and delivered there daily I wonder what the EROI would be.