'Peak oil' proponents -- the guys and gals...
The International Energy Agency says world markets are unprepared for when — and it’s a when, not if, it asserts, — the Great American Shale Boom fizzles, The FT’s Ajay Makan and Neil Hume report . In its latest World Energy Outlook released this morning, the IEA forecasts unconventional oil […]
"The US in particular."
Ignoring "unburnable carbon."
A once trendy idea is going out of style.
A friend asked me to put together a presentation on our energy predicament. I am not certain all of the charts in this post will go into it, but I thought others might be interested in a not-so-difficult version of the story of the energy predicament we are reaching.
[credit provider=”www.shutterstock.com” url=”http://www.shutterstock.com/cat.mhtml?lang=en&search_source=search_form&version=llv1&anyorall=all&safesearch=1&searchterm=suburban+couple&search_group=#id=13421287&src=def17dfa3e094faf7d29108e5f484df7-1-29″] Conservatives have a legitimate gripe about America’s excessive “commitments and obligations” to “unfunded liabilities” but their focus on Medicare and social security misses the larger point: our disastrous commitment to the current national lifestyle, in particular suburban sprawl and everything it entails. This point came across […]
[credit provider=”Robert Johnson — Business Insider” url=”http://www.flickr.com/photos/[email protected]
/sets/72157629988382829/with/7154057854/”] Warnings that the world is headed for “peak oil” – when oil supplies decline after reaching the highest rates of extraction – appear “increasingly groundless,” BP’s chief executive said on Wednesday.Bob Dudley’s remarks came as the company published a study predicting oil production […]
[Many longtime followers of the Crash Course have asked Chris to update his forecasts for Peak Oil in light of the production increases in shale oil and gas over recent years. What started out as a modest effort at clarification morphed into a much more massive 3-report treatise as Chris […]
Oil is fundamentally a depletable resource – once a barrel is extracted from the ground and burned, it is gone. Nevertheless, world oil production has continued to increase steadily for the last century and a half. Most economists attribute this to technological progress. Each year our methods for finding oil […]
The International Energy Agency (IEA) provides unrealistically high oil forecasts in its new 2012 World Energy Outlook (WEO). It claims, among other things, that the United States will become the world’s largest oil producer by 2020, and will become a net oil exporter by 2030.
What does our world’s energy future look like? Does renewable energy feature as much in the energy production mix as many hope it will? Will natural gas and fracking help reduce our dependence upon oil and how will the world economy and trade fare as supplies of cheap oil continue […]
[credit provider=”Zeke Miller, Buzzfeed” url=”https://twitter.com/ZekeJMiller”] Flying at higher platitudes in the thin upper air of his own mind last week, Republican candidate Mitt Romney remarked apropos of aeroplane travel: “[T]he windows don’t open. I don’t know why they don’t do that. It’s a real problem. So it’s very dangerous.” […]
[credit provider=”landhere at www.flickr.com” url=”http://www.flickr.com/photos/landhere/1293024290/”] Governments and economists around the world have not figured out that what the world economy is suffering from, to varying degrees, is “high-priced fuel syndrome“.High-priced fuel syndrome has a number of symptoms:
[credit provider=”commons.wikimedia.org” url=”http://commons.wikimedia.org/wiki/File:Thomas_Bresson_-_Eclairs-1_(by).jpg”] Meet the new third party in national politics: Reality.Reality is the only party with an agenda consistent with what is actually happening in the world. Reality doesn’t need to drum up dollar donations from anyone. Reality doesn’t have to pander to any interest group or subscribe to […]
[credit provider=”Symic at www.flickr.com” url=”http://www.flickr.com/photos/symic/7394270676/”] We live in a finite world. At this point, we seem to be reaching limits in several different areas: Cheap oil. Our economy runs on cheap oil, but there is a limit to the amount of cheap oil that can be pulled out of the […]