Stories in topic "Miscellaneous"

Drumbeat: October 13, 2009


A Path to Downward Mobility: Today's youngest Americans are likely to be worse off than their parents.

Every generation of Americans should live better than its predecessor. That's Americans' core definition of economic "progress."

But for today's young, it may be a mirage. Higher health spending, increasing energy prices and stretched governments at all levels may squeeze future disposable incomes—what people have to spend—and public services. Are we condemning our children to downward mobility?

Drumbeat: October 12, 2009


Why Oil Is Much More Plentiful Than "Peak Oil" Advocates Claim

When you consider the U.S. has pumped 75 billion barrels of oil since 1977... that means, conservatively, we could recover another 35 billion barrels of oil from known fields.

A lot of the big oil companies scrapped their EOR plans in the '80s, when the price of a barrel of oil wallowed in the teens. Now that oil is back up around $70, EOR is viable again... and it represents a huge "new" source of oil.

Drumbeat: October 11, 2009


"Peak oil" theorists: World running out: The group, meeting in Denver this week, wants immediate steps to avert economic ruin.

The world is running out of oil faster than society suspects, and last year's $4.11 gasoline spike was just a bitter hint of the future, according to a "peak oil" theory whose key proponents will gather in Denver this week.

Though peak-oil theorists prompt scorn from many in the petroleum industry, they've attracted an audience in some political and financial circles with their warnings to avert disaster by conserving, diversifying and exploring at an urgent pace.

"Up until now, technology has delivered dazzling results to America and the world economy, in delivering oil from all around the world despite increasingly challenging environments," said Dave Bowden, executive director of the Denver-based Association for the Study of Peak Oil & Gas-USA, or ASPO. "The harsh reality is, despite the best efforts of amazing technology, they're not finding as many of these big fields anymore."

Campfire Open Thread

Lots of the TOD staff are here in Denver for the ASPO-USA meeting. Consider this a Campfire open thread.

Drumbeat: October 10, 2009


Capturing a Nation’s Thirst for Energy

Mitch Epstein has taken his 8-by-10 view camera across the United States to document the energy needed to support the American way of life. Though he says he did not start out with an ideological agenda, Mr. Epstein offers a quiet but unsettling view of 21st-century America’s dependency on electrical power.

In Saturday’s Arts section of The Times, Randy Kennedy reports on Mr. Epstein’s journey and on the photographs in his book “American Power,” to be published later this month by Steidl.

The Bullroarer - Saturday 10th October 2009

The Age - Climate talks fail to break deadlock

The two big sticking points are the targets nations will adopt to cut greenhouse gas emissions, and how rich countries will fund poor ones to tackle climate change.

Of course, it is hard to see how we could possibly make progress at the talks if our economy depends on things like this:
ABC - Coal terminal expansion promises jobs boost

The Regional Economic Development Corporation (REDEC) says an expansion of the Abbot Point coal terminal could encourage other large industries into Bowen.

There are a few stories today about debt. We are borrowing from tomorrow to pay for yesterday's mistakes... but will tomorrow's economy support that debt?
Radio NZ - Emissions scheme revision will increase debt - Treasury

Treasury officials estimate a key change to the emissions trading scheme will greatly increase Government debt by 2050.

Drumbeat: October 9, 2009


Tracing the Path of the Oil Industry's Sins

We tend to take for granted the comforts of modern life. Few of us think of underpaid migrant workers when we buy inexpensive imported clothes from China, or of disfigured Appalachian mountain tops when we turn on our coal-powered kitchen lights, or of fouled oil-rich frontiers when we hop in our cars.

In his new book, "Crude World," journalist Peter Maass takes readers on a vivid tour of troubled oil frontiers, voyaging to places like Nigeria's polluted delta, Equatorial Guinea's dusty capital, Ecuador's scarred rain forest and Russia's corporate boardrooms, where corruption is rife and environmental neglect all too common. It is a disturbing catalogue of the underside of the international oil industry.

"Though oil provides fuel for our cars and warmth for our homes, it undermines most countries that possess it and, along with natural gas and coal, poisons the climate," Maass writes.

Drumbeat: October 8, 2009


Climate Agency Sees China’s Efforts Paying Dividends

Little good can be said about the worst economic slump since the 1930s, but it has produced at least one piece of positive news: the downturn will make it a bit easier to slow the rise in emissions responsible for climate change.

The International Energy Agency made that prediction in a report Tuesday on global greenhouse gas emissions. Because of slower economic growth, the agency slashed, by 5 percent, its estimate of how much greenhouse gas emissions will be produced in 2020.

But the energy agency also cautioned against complacency, stressing that reaching a deal in climate talks to be held in Copenhagen at the end of the year is crucial to limiting the rise in global temperatures.

Another reason for cautious optimism, the report said, is that China will be able to slow the growth of its emissions much faster than commonly assumed because of its rising investment in wind and nuclear energy and its newfound emphasis on energy efficiency.

Drumbeat: October 7, 2009


Richard Heinberg: Our Evanescent Culture and the Awesome Duty of Librarians

How secure is our civilization’s accumulated knowledge?

It is a question that, in a fundamental sense, transcends many life-and-death concerns (threats of sickness, natural disaster, or military invasion) that prompt us collectively to spend fortunes on insurance, health care, and weaponry. We know that we each individually will die, though we are willing to go to great lengths to delay the event as long as possible. But we have an overarching shared interest that the world of ideas will go on without us: that our descendants will continue to compose music, invent tools, refine scientific knowledge, and write histories, extending into the indefinite future the cumulative, constantly evolving universe of signs, symbols, and skills that have enriched our lives. Cultural death—the passing of the wisdom, artistic creations, and practical knowledge of an entire people, painstakingly built up over many generations—is a loss almost too wrenching to contemplate.

Yet cultural death happens. The examples from history are legion. Anthropologists and archaeologists have identified well over 10,000 distinct human cultures, of which most have perished, many by absorption into one multi-ethnic civilization or another. Linguists have catalogued over 6,000 human languages; again, most are extinct or endangered, often for a similar reason—absorption of indigenous populations into multi-ethnic urban civilizations. But civilizations are also mortal: about 24 are known to have existed over the past 5,000 years, and again most are now dust.

Drumbeat: October 6, 2009


Pickens Says China Purchases Are Leading to $90 Oil

(Bloomberg) -- Billionaire hedge-fund manager T. Boone Pickens said Chinese purchases will help push up crude-oil prices to as much as $90 a barrel next year as output declines and the global economy rebounds.

Next year’s average oil price will be $80 a barrel, 39 percent more than the average so far this year, Pickens said today in an interview on CNBC.

China has spent $200 billion on forward purchases, “tying up” the world’s oil supply, Pickens said. The U.S. “can’t compete” with China-owned oil companies because it lacks state- owned oil companies to pursue its economic interests, he said.