Charles C. Mann writes for The Atlantic
This perspective has a corollary: natural resources cannot be used up. If one deposit gets too expensive to drill, social scientists (most of them economists) say, people will either find cheaper deposits or shift to a different energy source altogether. Because the costliest stuff is left in the ground, there will always be petroleum to mine later. “When will the world’s supply of oil be exhausted?” asked the MIT economist Morris Adelman, perhaps the most important exponent of this view. “The best one-word answer: never.” Effectively, energy supplies are infinite. [more inside]
posted by the man of twists and turns
on Apr 29, 2013 -
Daily Telegraph: Why the world isn't running out of oil
"Moreover, as well as bountiful oilfields in North America, Russia, Saudi Arabia and other producers in the Middle East, there are massive, barely tapped reserves in South America, Africa and the Arctic: not billions of barrels’ worth, but trillions. So the planet is not about to run out of oil. On the contrary, according to a Harvard University report published last year, we are heading for a glut.
The 75-page study, by oil executive Leonardo Maugeri, was based on a field-by-field analysis of most of the major oil exploration and development projects in the world, and it predicted a 20 per cent increase in global oil production by 2020." [more inside]
posted by Wordshore
on Feb 21, 2013 -
Corb Lund is a classically trained jazz musician who was a founding member of Canadian metal legends The Smalls
. For the past seventeen years, though, as the centrepiece of Corb Lund and the Hurtin' Albertans, he has been cranking out alt-country records that have garnered praise from well outside usual country music circles. His biggest hit is almost certainly the comedic Truck Got Stuck
. His most recent single however is the sombre peak-oil apocalypse tune Gettin' Down on the Mountain
. Corb also maintains maintains an excellent songwriting blog that he describes as 30% guitar lesson: "What That Song Means Now
posted by 256
on Oct 15, 2012 -
, a privately held and highly secretive U.S. biotech company received a patent for a genetically adapted E. coli bacterium that feeds solely on carbon dioxide and excretes liquid hydrocarbons. Joule Unlimited
, co-founded by George Church
, appears ready to forever alter the way we produce fuel. [more inside]
posted by Baby_Balrog
on Jan 18, 2011 -
Chronic budget deficits, compounding debt and unfunded liabilities suggest the US financial situation will not be remedied, wiping out military funding. Surplus world oil production could disappear entirely by 2012, and reach a 10 million barrel a day shortfall by 2015. Coalition military operations would become essential to protecting US national interests. According to this year's remarkably candid United States Joint Forces Command Joint Operating Environment report (PDF)
posted by falcon
on Apr 7, 2010 -
Inspired by a recent Wall Street Journal* article, Robert Rapier
, chemical engineer, peakist, blogger, and currently chief technology officer for a bioenergy company, reviews the pretenders
, and niche players
in the emerging field of green energy, with particular consideration of liquid fuels. Meanwhile, the boffins at Foreign Policy consider the risks of the coming of the green energy era
, and depict the end of the oil age.
(Both part of FP's extensive look at the end of oil
) [more inside]
posted by Diablevert
on Sep 8, 2009 -
A Saudi Prince
tells America to give up futile dreams of energy independence. Op-Ed in the NYT
says Peak Oil is a waste of energy and an illusion. Meanwhile, the OECD's energy advisors, the IEA are saying cheap oil will run out in ten years
, a decade sooner than estimates made as recently as 2007.
posted by bystander
on Aug 26, 2009 -
Recently, John Michael Greer
has been exploring a little known idea of the deceased economist E.F. Schumacher
(a student of the oft-discussed Keynes
). "Schumacher drew a hard distinction between primary goods and secondary goods. The latter of these includes everything dealt with by conventional economics: the goods and services produced by human labor and exchanged among human beings. The former includes all those things necessary for human life and economic activity that are produced not by human beings, but by nature. Schumacher pointed out that primary goods, as the phrase implies, need to come first in any economic analysis because they supply the preconditions for the production of secondary goods. Renewable resources, he proposed, form the equivalent of income in the primary economy, while nonrenewable resources are the equivalent of capital; to insist that an economic system is sound when it is burning through nonrenewable resources at a rate that will lead to rapid depletion is thus as silly as claiming that a business is breaking even if it’s covering up huge losses by drawing down its bank accounts." [more inside]
posted by symbollocks
on Jul 10, 2009 -
-- oilman T. Boone Pickens has a plan to reduce America's oil dependency problem: exploit the country's massive windpower potential for domestic energy, replacing natural gas, and then use natural gas to power cars instead of foreign oil. Some problems
with the plan.
posted by Laugh_track
on Jul 10, 2008 -
is a project by ABC
(video preview) to solicit ideas from the public and experts about the dangers facing world in the next 100 years. "The world’s brightest minds agree that the “perfect storm” of population growth, resource depletion and climate change could converge with catastrophic results. We need you to bring this story to life."
posted by stbalbach
on Jun 13, 2008 -
Do You Want To Know RIGHT NOW How You Can Drive Around Using WATER as FUEL
and Laugh At Rising Gas Costs, While Reducing Emissions and Preventing Global Warming?
posted by jonson
on May 13, 2008 -
According to studies
, most people are positive about their own lives, but tend to see the world going to hell in a hand basket - for a sample ride in said hand basket, see the disturbing A Crude Awakening: The Oil Crash
(2006; 1hr 23m) one of the canonical Peak Oil educational/propaganda films. Doomer porn is nothing new - starting with Rousseau, a common belief still exists - both in popular and scientific circles - that humans reached the height of advancement in the hunter/gatherer stage, a proto-garden of eden, and its been downhill since. Or is it just the same old story?
posted by stbalbach
on Jan 28, 2008 -
"The world is at the beginning of a structural change of its economic system. This
change will be triggered by declining fossil fuel supplies and will influence almost
all aspects of our daily life.
The new Oil Report from Energy Watch Group
makes a strong case that we have now passed peak oil. [more inside]
posted by roofus
on Oct 22, 2007 -
A mud eruption probably triggered by oil exploration has been making thousands of Indonesians' lives miserable since May.
posted by thirteenkiller
on Sep 14, 2006 -
The Paradigm is the Enemy:
A sobering but cogent account of the state of Peak Oil, what it's already led to (reported and ignored), and what is in store for us in the near future. The worst part is the political impossibility of addressing the problem constructively: that would require acknowledging the problem.
posted by LeisureGuy
on Apr 29, 2006 -
Has oil already peaked?
Princeton University geology Professor Kenneth Deffeyes argues that it has, based on the fact that oil production should peak when half the worlds oil has been produced. According to him, that happened in December of 2005, at 1.0065 trillion barrels. critics
claim that new methods and economic effects should prevent peak oil from happening, although global oil discovery
actually peaked in the 1960s. Meanwhile stock speculators
are making mad bank betting on peak oil today.
posted by delmoi
on Feb 16, 2006 -
Zeitgeistfilter: Lumpen Leisure
and Welcome to Middle-Class Lockdown... Now Shut Up and Buy Something
-- two fine rants about our current state of disunion by James Howard Kuntsler, author of The Long Emergency
), and writer and Vietnam vet Joe Bageant
. "All over but the keening for our soon-to-be-lost machine world," Kunstler predicts in The American Conservative
, while Bageant taps the inner stream-of-unconsciousness for Dissident Voice
: "Things cannot be as bad as the alarmists say. They cannot be as bad as I often suspect they are. If there really were such a thing as global warming they would be starting to do something about it. And besides, even if it were true, science will find a way to fix it. If there really were genocide going on in so many places far more people would be concerned... If the earth were heating up we would surely notice it. If our soldiers and government agencies were torturing people around the world it would make the news. If millions were being exterminated, it would be more obvious, would it not?" (Kunstler's book previously discussed here
, Bageant here
posted by digaman
on Feb 14, 2006 -