Group items tagged

"Business calls for urgent action on "oil crunch" threat to UK economy Taskforce warns Britain is unprepared for significant risk to companies and consumers Poorest to be hit hardest by price rises for travel, food, heating and consumer goods New policies must be priority for whoever wins the General Election Recommended packages include legislation, new technologies and behaviour-change incentives Fundamental change in demand patterns triggered by emerging economy countries London, 10 February, 2010: A group of leading business people today call for urgent action to prepare the UK for Peak Oil. The second report of the UK Industry Taskforce on Peak Oil and Energy Security (ITPOES) finds that oil shortages, insecurity of supply and price volatility will destabilise economic, political and social activity potentially by 2015. Peak Oil refers to the point where the highest practicable rate of global oil production has been achieved and from which future levels of production will either plateau, or begin to diminish. This means an end to the era of cheap oil."

All Party Parliamentary Group on Peak Oil A range of oil analysts are expecting global oil production to peak and then begin its decline within the next 10 years. The All Party Parliamentary Group on Peak Oil seeks to discuss and investigate the debate regarding the date of global peak oil production, and also look at the range of impacts, mitigations and solutions."

An update on the latest production numbers from the EIA along with graphs/charts of different oil production forecasts.

As this post will show the likelihood that the EU's fossil fuel consumption has peaked, back in 1979, is now very real. It will also compare the degree of net fossil fuel self-sufficiency between the EU and the USA as of 2007.

Early last month, Jeanne Fair, 62, got her first hot meals delivered to her home in this lake town in the sparsely populated southwestern part of the state. Then after two deliveries the meals stopped because gas prices had made the delivery too expensive.

At Earthwise Harmony our aim is to be your 'go to' place for information, discussions, interviews and practical tips on matters relating to the Environment, Sustainability, Self sufficiency, Climate Change, Peak Oil and other relevant topics. A place where you can share your challenges and triumphs and hear about what others are doing.

My Clean Break column today is actually more of a feature looking at compressed-air energy storage (CAES) and how Ontario, geologically, would be an excellent location to give it a try. About 50,000 natural gas and oil wells have been drilled in southwestern Ontario over the past 150 years and most of them are depleted. Turns out that depleted gas fields are one of several types of underground reservoir that can be used to store compressed air. Salt caverns are another option, and we have plenty of those as well. In fact, 60 per cent of Canada's natural gas storage is in the region. Compressing and storing air wouldn't be that different technically. Another benefit is that southwestern Ontario has strong wind resources, so building a 1,000 MW-plus CAES facility on its own or as part of a partnership with area wind developers could prove quite economical. The idea, of course, is that cheap wind power generated overnight when demand is down could be used to compress and store the air. The air could then be released to generate electricity during daytime peaks, making wind a dispatchable resource in Ontario and more of a realistic replacement for coal power as it gets phased out of the province. Surplus overnight nuclear power, when we have it (mostly during the summer), could also be stored this way.

Short-term PQ is an issue in small and large systems alike.

IT HAS been called Australia's first underwater wave farm. The power of the ocean,