Stories in topic "Miscellaneous"
Drumbeat: November 12, 2009
Posted by Leanan on November 12, 2009 - 9:49am
Topic: Miscellaneous
U.S. Adviser to Kurds Stands to Reap Oil Profits
OSLO — Peter W. Galbraith, an influential former American ambassador, is a powerful voice on Iraq who helped shape the views of policy makers like Joseph R. Biden Jr. and John Kerry. In the summer of 2005, he was also an adviser to the Kurdish regional government as Iraq wrote its Constitution — tough and sensitive talks not least because of issues like how Iraq would divide its vast oil wealth.Now Mr. Galbraith, 58, son of the renowned economist John Kenneth Galbraith, stands to earn perhaps a hundred million or more dollars as a result of his closeness to the Kurds, his relations with a Norwegian oil company and constitutional provisions he helped the Kurds extract.
Drumbeat: November 11, 2009
Posted by Leanan on November 11, 2009 - 10:04am
Topic: Miscellaneous
Your Neighbor's Saving Energy; Why Aren't You?
We all know carpooling is good for the Earth. So highway departments build high-occupancy vehicle lanes and companies offer prime parking spaces for employees who share rides.But carpooling is unlikely to save the environment. It's too hard.
So say scientists who have studied how people confront environmental and energy challenges. Carpooling, they say, has low "plasticity" -- that is, people are unwilling to do it -- so its "reasonably achievable emissions reductions" are low, as well.
Unfortunately, that is not how U.S. policymakers see it.
"We tend to fund efforts that appear to have, on the surface, the greatest potential emissions reductions," said Mike Vandenbergh, director of Vanderbilt University's Climate Change Research Network. "A real value is in looking not just at potential emissions reductions, but also at plasticity. Because otherwise, you'll be frustrated."
Drumbeat: November 10, 2009
Posted by Leanan on November 10, 2009 - 9:42am
Topic: Miscellaneous
Interview With Russian President Dmitry Medvedev: 'Oil And Gas Is Our Drug'
SPIEGEL: In a recent article that you wrote entitled "Go, Russia," you spoke of your country's "humiliating" economic "backwardness." Why hasn't Russia managed to overcome its dependency on natural resources in the time since the end of the Soviet Union?Medvedev: Because people quickly get addicted to drugs. Trading gas and oil is our drug. People can't get enough of it, even when prices are going through the roof. Five years ago, who could have imagined an oil price of $150 a barrel? Trading in natural resources is easy, it leads to the illusion of economic stability. Money flows in -- considerable sums of money. Acute problems can be effectively resolved with it. You don't need any economic reforms; you don't need to deal with diversifying production. We could rid ourselves of this lethargy if we would only learn the right lessons from the crisis.
Geologists Vote that Peak Oil is a Concern
Posted by Gail the Actuary on November 9, 2009 - 10:16am
Topic: Miscellaneous
Tags: jeremy leggett, peak oil [list all tags]
This year's Petroleum Geology Conference in London included the following item on the agenda:
Peak Oil: Advancing the topical debate over the timing of peak oil & gas
The aim of the Geological Society's Peak Oil evening meeting is to further discuss and debate the timing and impact of Peak Oil & Gas. Have we become so efficient at exploring and producing petroleum resources that we are we already there as Colin Campbell (ASPO) would argue? Or will technology solutions and a move to more unconventional deposits save the day as Mike Daly (BP) and Glen Cayley (Shell) would suggest? And let's not forget gas. Malcolm Brown (BG Group) sees a longer future for gas but will the progressive use of gas as a substitute for oil hasten its decline? Lots of questions, but do we really have the answers? Come along to the Geological Society . . . and join in the debate. Our four invited speakers will present their case, to be followed by a panel discussion.
The debate took place in the plenary session, with a change in speakers from the original announcement. BP chief geologist David Jenkins argued for the motion that peak oil is "no longer a concern," and Jeremy Leggett argued against, incorporating the UK Industry Taskforce on Peak Oil and Energy Security conclusions into his case. At the end of the debate, approximately five hundred oil-industry geologists voted. Only about a third voted in favor of the motion "Peak oil is no longer a concern." The debate has been written up in November's issue of Petroleum Review.
In this post, I ask Jeremy Leggett a few questions about how he interprets his experience.
Drumbeat: November 9, 2009
Posted by Leanan on November 9, 2009 - 9:51am
Topic: Miscellaneous
Saudi Aramco Will Increase Asia’s December Oil Supply
(Bloomberg) -- Saudi Arabian Oil Co. will supply more crude to refiners in Asia as rising prices threaten to hurt the world economic recovery.Saudi Aramco, as the company is known, will provide 100 percent of cargoes under long-term contracts for the first time in a year next month, according to a Bloomberg News survey of refinery officials in Japan, South Korea, China and Thailand, who asked not to be identified because of confidential agreements. The refiners will receive between 85 percent and 90 percent in November.
Drumbeat: November 8, 2009
Posted by Leanan on November 8, 2009 - 8:55am
Topic: Miscellaneous
End Of Cheap Oil, End Of Road For Ruinous Lifestyle
"Every serious discussion of the environment ... is ultimately about oil, whether it specifically mentions oil or not," Owen writes. The explosive growth and general prosperity of the past century have been made possible by the "prodigious abundance" of oil; the problems of the coming century will involve "oil's increasing scarcity and cost."Owen is not a crank or true believer about peak oil; he reports that the decline of oil production has been predicted for nearly a century. He looks at what we know for sure: However much oil is left, it's being used up at a rate of about 350 billion gallons a day; it's getting more expensive to produce; and demand is growing as China and India push ahead to repeat America's mistakes.
About two-thirds of all the oil produced in the U.S. and Canada goes to transportation, mainly cars, "a use for which there is currently no attractive fuel substitute."
And it's not just the Hummer in the driveway, Owen observes, it's everything the Hummer makes possible — sprawl and its duplication of the built environment, oversized houses and irrigated lawns, added roads, costly extension of the power grid, 100-mile commutes, etc.
This whole way of life is dependent on cheap oil. Sooner or later, cheap oil will be over. Then what?
Drumbeat: November 7, 2009
Posted by Leanan on November 7, 2009 - 10:12am
Topic: Miscellaneous
Shrinking to grow: Is Conoco plan a model for industry?
Although one company doesn’t represent a whole industry, a shrink-to-grow strategy adopted by ConocoPhillips illustrates pressures on the biggest operators in a world of shrinking opportunity.ConocoPhillips has disclosed plans to cut capital spending next year to $11 billion from $12.5 billion this year and $14-15 billion in earlier years and to sell properties in 2010-11 worth $10 billion.
“We will be somewhat smaller,” said Chairman and Chief Executive Officer Jim Mulva in an Oct. 28 conference call.
Mulva noted recessionary effects on credit markets and said diminishing access to large opportunities “is and will continue to be quite an issue.”
The Bullroarer - Saturday 7th November 2009
Posted by aeldric on November 7, 2009 - 2:10am in The Oil Drum: Australia/New Zealand
Topic: Miscellaneous
Brisbane Times - Gasification project pilots cleaner coal energy
Cougar Energy is developing an underground coal gasification (UCG) project 10km south of Kingaroy, in southern Queensland.
UCG is the process of extracting coal from the ground through its transformation into a combustible gas for power generation. It can also be used in the production of diesel, fertilisers or chemicals.
Cougar managing director Dr Len Walker says that creating UCG syngas from underground coal seams - a technology originally developed in the former Soviet Union - produces lower emissions than black coal and is estimated to be up to 50 per cent cheaper than natural gas.
The company's manager-UCG projects John Henderson says UCG syngas is also an efficient fuel, with 75 per cent of the energy content of coal being retrieved in the UCG process, compared with only five per cent in the coal seam gas process.
Otago Daily Times - Energy planning
If there is to be one critically advantageous long-term outcome from the Environment Court's rejection of the Project Hayes wind farm it should be that the nation's energy planners - including the present Government - will be compelled, finally, to confront the need to give far more weight to size and proximity of generation facilities to the major electricity markets, particularly in the top half of the North Island.
Drumbeat: November 6, 2009
Posted by Leanan on November 6, 2009 - 10:05am
Topic: Miscellaneous
IAN: Well I do subscribe to the theory of peak oil. But again, I think the demand for oil is going to drop precipitously. Simply because no one’s gonna be working. Again if we use the idea that 45% of the U.S economy is going to be halted. That means essentially that the same kind of oil demand is the percentage dropping oil demand is also going to occur in the United States. And we are only picking on the United States because she has the largest economy in the world but we are all going be in be in the same boat.So the whole world economy is going to drop by that kind of percentage.
TRACE: But not necessarily a precipitous enough drop that we could see 90% of the earth’s population washed away in this winter because of unsustainability?
IAN: Well, you are not going to see that because, as you know, there is a significant part of the world’s population who basically do not have anything anyway. If we go into Africa, or huge parts of China, India, etc. even though they are emerging nations they still have a large percentage of the population that are extremely poor.
Drumbeat: November 5, 2009
Posted by Leanan on November 5, 2009 - 9:30am
Topic: Miscellaneous
Kunstler: It's Time to Rebuild Our Passenger Railroad System
The world economic fiasco, which I call "The Long Emergency," may be speeding us into a future of permanent nostalgia in which anything that is not of the present time looks good.I say this to avert any accusations that I am trafficking in sentimentality where the subject of railroads is concerned. For the moment, any suggestion that a railroad revival in America might be a good thing is generally greeted as laughable for reasons ranging from the incompetence of Amtrak, to the sprawling layout of our suburbs, to our immense investment in cars, trucks and highways -- motoring culture now overshadowing all other aspects of our national identity.


k Nation (Jim Kunstler)






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