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Phil Slade

2010 Peak Oil Report | The Peak Oil Group - 1 views

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    "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."
Phil Slade

UK All Party Parliamentary Group on Peak Oil and Gas - 0 views

shared by Phil Slade on 07 Oct 10 - No Cached
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    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."
Arabica Robusta

ZCommunications | The Search for BP's Oil by Naomi Klein | ZNet Article - 1 views

  • Normally these academics would be fine without our fascination. They weren't looking for glory when they decided to study organisms most people either can't see or wish they hadn't. But when the Deepwater Horizon exploded in April 2010, our collective bias toward cute big creatures started to matter a great deal. That's because the instant the spill-cam was switched off and it became clear that there would be no immediate mass die-offs among dolphins and pelicans, at least not on the scale of theExxon Valdez spill deaths, most of us were pretty much on to the next telegenic disaster. (Chilean miners down a hole—and they've got video diaries? Tell us more!)
  • Mike Utsler, BP's Unified Area Commander, summed up its findings like this: "The beaches are safe, the water is safe, and the seafood is safe." Never mind that just four days earlier, more than 8,000 pounds of tar balls were collected on Florida's beaches—and that was an average day. Or that gulf residents and cleanup workers continue to report serious health problems that many scientists believe are linked to dispersant and crude oil exposure.
  • For the scientists aboard the WeatherBird II, the recasting of the Deepwater Horizon spill as a good-news story about a disaster averted has not been easy to watch. Over the past seven months, they, along with a small group of similarly focused oceanographers from other universities, have logged dozens of weeks at sea in cramped research vessels, carefully measuring and monitoring the spill's impact on the delicate and little-understood ecology of the deep ocean. And these veteran scientists have seen things that they describe as unprecedented. Among their most striking findings are graveyards of recently deceased coral, oiled crab larvae, evidence of bizarre sickness in the phytoplankton and bacterial communities, and a mysterious brown liquid coating large swaths of the ocean floor, snuffing out life underneath.
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  • All this uncertainty will work in BP's favor if the worst-case scenarios eventually do materialize. Indeed, concerns about a future collapse may go some way toward explaining why BP (with the help of Kenneth Feinberg's Gulf Coast Claims Facility) has been in a mad rush to settle out of court with fishermen, offering much-needed cash now in exchange for giving up the right to sue later. If a significant species of fish like bluefin does crash three or even ten years from now (bluefin live for fifteen to twenty years), the people who took these deals will have no legal recourse.
  • A week after Hollander returned from the cruise, Unified Area Command came out with its good news report on the state of the spill. Of thousands of water samples taken since August, the report stated, less than 1 percent met EPA definitions of toxicity. It also claimed that the deepwater sediment is largely free from BP's oil, except within about two miles of the wellhead. That certainly came as news to Hollander, who at that time was running tests of oiled sediment collected thirty nautical miles from the wellhead, in an area largely overlooked by the government scientists. Also, the government scientists measured only absolute concentrations of oil and dispersants in the water and sediment before declaring them healthy. The kinds of tests John Paul conducted on the toxicity of that water to microorganisms are simply absent.
  • Coast Guard Rear Adm. Paul Zukunft, whose name is on the cover of the report, told me of the omission, "That really is a limitation under the Clean Water Act and my authorities as the federal on-scene coordinator." When it comes to oil, "it's my job to remove it"—not to assess its impact on the broader ecosystem. He pointed me to the NOAA-led National Resource Damage Assessment (NRDA) process, which is gathering much more sensitive scientific data to help it put a dollar amount on the overall impact of the spill and seek damages from BP and other responsible parties.
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    Normally these academics would be fine without our fascination. They weren't looking for glory when they decided to study organisms most people either can't see or wish they hadn't. But when the Deepwater Horizon exploded in April 2010, our collective bias toward cute big creatures started to matter a great deal. That's because the instant the spill-cam was switched off and it became clear that there would be no immediate mass die-offs among dolphins and pelicans, at least not on the scale of theExxon Valdez spill deaths, most of us were pretty much on to the next telegenic disaster. (Chilean miners down a hole-and they've got video diaries? Tell us more!)
Hans De Keulenaer

IRENA Director-General Statement on Oil Prices and Impact on the Renewable Energy Sector - 2 views

  • Oil plays a negligible role in power generation and therefore does not compete with renewables in this respect. Renewables have become the dominant source of new power generation capacity over the last six years because they are competitive at the bottom end of the conventional fossil fuel power generation cost range – primarily with coal.
  • Oil plays a much more important role in the transport sector, which accounts for half of total demand, and where without low-emission transport policies in place, an extended period of low oil prices, may impact the speed of electric vehicle adoption.
  • Conversely, oil price volatility may undermine the viability of unconventional oil and gas resources as well long-term contracts, providing a window of opportunity to reduce or redirect fossil fuel subsidies towards clean energy, while minimising the potential of social disruption.
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  • What is critical to understand, is that the long-term planning horizons involved, and the momentum that currently exists in the energy transformation, means neither low oil prices nor COVID-19 will interrupt or change our path towards decarbonisation of our societies and towards the achievement of the sustainable development goals.
Hans De Keulenaer

The Oil Drum: Europe | Why oil costs over $120 per barrel - 0 views

  • With oil reaching $135 / barrel, Oil Drum readership exceeding 30,000 unique visitors per day and many wild stories circulating in the MSM as to why oil prices are so high this post strives to explain why oil prices are rising exponentially.
Hans De Keulenaer

FT.com | FT Energy Source | Comment: Searching in vain for the oil shock effect - 0 views

  • Do high oil prices cause recessions? The US economist James Hamilton is famous for his 1983 finding that oil price spikes had preceded all but one post-war US recessions[1]. Hamilton recently claimed that the current recession can be fully accounted for by the high oil prices of 2007-08. But while oil prices are certainly an important macroeconomic variable, it is just not plausible that they have anything like the impact that Hamilton suggests.
Hans De Keulenaer

The Oil Drum | Peak Oil Overview - June 2008 (Pdf and Powerpoint available) - 0 views

  • This is an update of my Peak Oil Overview at March '08. The major changes since my earlier post are the recent apparent decline in Russian production, the new ASPO peak oil projection, and discussion of the recent consumer producer summit in Saudi Arabia (slide 14). I also mention the expected change in IEA's November 2008 forecast of world production.
Jeff Johnson

Energy: America's Untapped Oil Reserves (Newsweek) - 0 views

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    Royal Dutch Shell, the international oil giant, thinks the solution to America's oil crisis may lie in the heart of Colorado. Since 1981, the company has quietly funded a multi-million dollar research project that many call a quest for energy's Holy Grail. The mission: to discover a way to safely and economically extract fuel from oil shale, a type of sedimentary rock found in Wyoming, Utah, and especially Colorado's Western Slope. The potential windfall is staggering
Hans De Keulenaer

Energy Outlook | The Oil Price Tax - 0 views

  • An article in today's Washington Post compared the recent rise in oil prices to a $150 billion dollar-per-year tax on the US economy, enough to negate the various economic stimulus plans being discussed by the Congress and White House. It's a shocking figure, and it helps feed the forecasts of recession, which tend to be at least partially self-fulfilling. But before we accept that $150 million figure at face value--despite its impressive pedigree--it's worth spending a moment on a few ballpark validations. Above all, we should remind ourselves that if high oil prices are a tax, they tax producers, not consumers, who rarely purchase crude oil to use in our homes or vehicles.
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    Another example of pass-through pricing. At least it happens where I take my fuel.
Hans De Keulenaer

The Energy Blog: Microwave Process Converts Waste Materials into Oil and Gas - 0 views

  • Global Resource Corporation (GRC) (OTC: GBRC.PK) claims that its HAWK 10 high-frequency microwave recycling process can recover oil and gases from oil shale, residual oil, drill cuttings, tar sands oil, contaminated dredge/sediments, tires and  plastics with significantly greater yields and lower costs than are available utilizing existing known technologies.
Sergio Ferreira

Energy Outlook - 0 views

  • many reasons why oil prices have increased so dramatically, compared to their level prior to 2004. It's a long list, including the shift in power from commercial oil companies to national oil companies, and from non-OPEC producers to OPEC, geopolitical tensions, the growth of Asia, inventory, speculation, and even the lagged impact of the late 1990s oil price collapse.
Hans De Keulenaer

Cleantech Blog: Big Oil Fights Big Ag - 0 views

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    Americans are Spending 20 percent of their income on transportation. In the average two-car household it is often higher. Big Oil and Big Ag are fighting for their share of that money
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    Is the competition between oil or biofuel? How about the competition from electricity? Or even the car manufacturers, oil companies, biofuel producers and electric utilities all fight for a share of the 20%.
fishead ...*∞º˙

Who's Laughing Now? Scientists Make Crude Oil from Pig Manure : CleanTechnica - 0 views

  • Pig manure is one step away from a transformation of metamorphic proportions.  The lowly waste product, notorious for its impact on the environment and on human olfactory nerves, is on the verge of becoming an important alternative to petroleum now that scientists at the University of Illinois have developed a process for converting raw pig manure to crude oil.  With further development, the process may even yield biodiesel.
Jeff Johnson

The Oil Drum - Peak Oil Update - August 2008: Production Forecasts and EIA Oil Producti... - 0 views

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

Oil Left in the Ground - 0 views

  • Even with record-high oil prices, about two-thirds of the oil in known oil fields is being left in the ground.
Hans De Keulenaer

Future Scenarios - Introduction - 0 views

  • The simultaneous onset of climate change and the peaking of global oil supply represent unprecedented challenges for human civilisation. Global oil peak has the potential to shake if not destroy the foundations of global industrial economy and culture. Climate change has the potential to rearrange the biosphere more radically than the last ice age. Each limits the effective options for responses to the other. The strategies for mitigating the adverse effects and/or adapting to the consequences of Climate Change have mostly been considered and discussed in isolation from those relevant to Peak Oil. While awareness of Peak Oil, or at least energy crisis, is increasing, understanding of how these two problems might interact to generate quite different futures, is still at an early state.
Sergio Ferreira

The Oil Drum | £1 per Litre Petrol Drives Peak Oil on Mainstream TV - 0 views

  • 7th November 2007 the mainstream 10:30pm ITV news in the UK discusses the "peak oil" documentary Crude Awakening, hears the IEA warning of much higher oil prices, shows how many countries have already peaked
Hans De Keulenaer

Energy Roundup - WSJ.com : No Alternatives to $100 Oil - 0 views

  • The demand-driven surge in commodity prices of all kinds — whether oil, metals or grains — means blockbuster profits have been matched by soaring costs, particularly for new projects using cutting-edge technologies. Meanwhile, aging plants and fields are proving less reliable, making core businesses less profitable even as oil prices hit new highs.
Hans De Keulenaer

Energy Outlook - 0 views

  • Oil commodity futures are in demand as financial instruments in a different way than when they were used primarily as a way for refiners and distributors to manage the risk on their physical market activities. As that demand grows--as more individuals, companies, and hedge funds want to participate in the oil market, without a link to any physical supply or demand for the commodity--then the price of these instruments ought to rise, in tandem. But with the price of most physical oil pegged to a futures market, whether for WTI or European Brent crude, that demand can influence the physical market, as well, without changing the real supply or demand by one barrel.
Hans De Keulenaer

The Oil Drum | The National Petroleum Council Report - 0 views

  • Ok, so we're asking the oil and gas industry, who make their living by selling us oil and gas, whether there might any problem with the supply of oil and gas. I don't know what Secretary Bodman was expecting, but in his place I would have expected to get a sales pitch for buying more oil and gas. Given that very low expectation, the report is better than one might have feared.
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