On May 10th, 2010 ExxonMobile had an oil spill in Nigeria Delta. It is somewhere around the 16th worst oil spill in [wikipedia reported] world history, at 95,000 tonnes (696,350 barrels or 214,475,800 gallons). Nigeria's agony dwarfs the Gulf oil spill. The US and Europe ignore it. Oil spills are a regular occurrence in Nigeria, about 300 a year, it is estimated over the past 50 years about 1.5 million tons have been dumped in the Delta, equivalent to the Gulf War oil spill (the largest spill on record) or 50+ Exxon Valdez. [more inside]
Oil Tops Inflation-Adjusted Record Set in 1980. Normally this would slow economies and thus slow demand for oil, forcing OPEC to loosen supplies, but things seem different this time: "we now have an oil world in which the impact of high oil prices is only really felt in the OECD countries" - high demand from China, India are keeping prices high, even as OECD economies slow. [more inside]
Each year the world makes about 5 trillion plastic bags(art exhibit) using about 20 billion barrels of oil, each bag able to last thousands of years. In 2007 cities began legislating against plastic bags from outright bans to mandatory surcharges, starting in San Francisco, then Hong Kong, Melbourne and now some countries in Africa, Israel and even the entire country of China are taking similar strides to cut down on the worlds bag obsession. Who's next in 2008?
China and India have reported massive finds of frozen methane clathrate off their coasts and, along with Japan and other countries, are spending large sums to develop it into a new source of fossil energy. This is important for developing countries as there may be more frozen methane in the world than all the oil, gas and coal combined, and it is available right off their coasts. Some believe it can be extracted in a carbon neutral manner, but methane is a powerful greenhouse gas and the scarily named clathrate gun hypothesis provides some fuel for thought about digging this stuff up.
The End of Ingenuity (NYT OpEd by Thomas Homer-Dixon)"..cheap energy is tightening, and humankind’s enormous output of greenhouse gases is disrupting the earth’s climate. Together, these two constraints could eventually hobble global economic growth and cap the size of the global economy." See also The Upside of Down: Catastrophe, Creativity and the Renewal of Civilization. (2006).
W Joseph Stroup believes we are headed to a new Cold War. It may be triggered when Russia attacks the West's Achilles' heel (part II: Russia tips the balance) and a Russian oil grab 'puts western supplies at risk'.
The Specter of Recession in 2007. With the US housing bubble falling for the first time in over a decade, oil traders are dumping inventories (and driving down prices) in fear of a US-led global recession brought on by the end of the biggest housing bubble in history. Previous.
The Chicago Tribune special report on peak oil. Includes a documentary and reporting by Pulitzer-Prize winner Paul Salopek.
The average American uses 20 pounds of coal a day. "our shiny white iPod economy is propped up by dirty black rocks.. I see more people dying of particle air pollution than are dying of AIDS." Coal accounts for nearly 40 percent of America's carbon dioxide emissions. Big Coal by Jeff Goodell.
San Francisco on Tuesday became the first major U.S. city to pass a resolution acknowledging the threats posed by peak oil. The resolution cites an influential study commissioned by the U.S. Dept. of Energy, known as the Hirsch Report, and proponents delivered copies of the The Oil Age Poster to elected officials in the run up to the vote.
ASPO-USA Denver Conference Report. Views on Peak Oil from a wide range of panelists in Colorado this week, including the mayor of Denver "who has joined that brave but small band of honest and courageous politicians willing to go anywhere near the issue of peak oil".
Syriana is a new "peak oil" movie (following in the tradition of The Deal and Oil Storm). However unlike those movies it is a big budget Warner Brothers film, starring George Clooney. But perhaps even more interesting is the production company behind it called Participant Productions whose goal is to create films not just for passive entertainment but that inspire viewers to get involved in the issues.via The Oil Drum
First it was turkey parts, then pig waste and now straw added to the camels back. Thermochemical and biochemical conversion make use of natural processes such as enzymes, heat and pressure to create oil from garbage so one day landfills may become the new domestic oil fields.
In the first sweeping review of US Ocean management in 35 years the Presidential appointed U.S. Commission on Ocean Policy has released a report recommending creation of the Ocean Policy Trust Fund to be funded by off-shore oil companies in exchange for drilling rights to the tune of $5 billion a year. Initial reactions are mixed. All praise the reports acknowledgement of serious Ocean mismanagement problems, but some think the report has no teeth, or there is a hidden oil industry agenda. Whatever happens with this amount of money it will be big, the last report in 1969 led to the creation NOAA.
Global warming will never bring a "doomsday scenario" a team of Swedish scientists say -- because oil and gas are running out much faster than thought. Oil production levels will hit their maximum soon after 2010. "The decline of oil and gas will affect the world population more than climate change."
Taliban say they underminded the US economy by halting opium production. ``It's known in select circles.. that opium is more influential than oil in terms of its economic role in America in particular and the West as a whole,''