Archive for the tag “energy descent”

Where did all the oil go? The peak is back

Nafeez Ahmed writes: An extensive new analysis says that proved conventional oil reserves as detailed in industry sources are likely “overstated” by half. According to standard sources, the world contains 1.7 trillion barrels of proved conventional reserves. However, according to the new study, this official figure is almost double the real size of world reserves.

 exxon

Nafeez Ahmed, Middle East Eye

An extensive new scientific analysis published in Wiley Interdisciplinary Reviews: Energy & Environment says that proved conventional oil reserves as detailed in industry sources are likely “overstated” by half.

According to standard sources like the Oil & Gas Journal, BP’s Annual Statistical Review of World Energy, and the US Energy Information Administration, the world contains 1.7 trillion barrels of proved conventional reserves.

However, according to the new study by Professor Michael Jefferson of the ESCP Europe Business School, a former chief economist at oil major Royal Dutch/Shell Group, this official figure which has helped justify massive investments in new exploration and development, is almost double the real size of world reserves. Read more…

Gail Tverberg: We are at Peak Oil now; we need very low-cost energy to fix it

We are hitting something similar to “Peak Oil” right now, but the major symptoms are unexpected. There is a glut of supply, and prices are far below the cost of production. Perhaps we should call it “Limits to Growth,” rather than “Peak Oil,” because it is a different type of problem than most people expected.

Gail Tverberg

I recently gave a presentation to a group interested in a particular type of renewable energy–solar energy that is deployed in space, so it would provide electricity 24 hours per day. Their question was: how low does the production cost of electricity really need to be?
Read more…

2015: The year oil peaked?

 

Ron Patterson writes: It is obvious to me that OPEC is producing flat out. Only Iran has potential to increase production, but that will only replace decline in other OPEC nations. OPEC production will likely hold steady for the next four or five years before starting a steady decline. It will not prevent peak oil.

All Roads Lead To Peak Oil

Ron Patterson, Peak Oil Barrel

I follow the JODI World Oil Database primarily because it is now four months ahead of the EIA international data base. I make some adjustments however. I use the OPEC MOMR “secondary sources” for all OPEC data where JODI also uses the MOMR but uses their “direct communication” data instead. The OPEC portion of the JODI data is “crude only” and will therefore be somewhat less than the EIA reports.
Read more…

Peak Oil (Or why city slickers should learn to get their hands dirty)


Peak Oil, Food Security and Urban Agriculture

T. Vijayendra

Abstract
Peak Oil refers to the point when oil production reaches a peak, and henceforth can only fall. This has already happened. This has enormous implications for food security. It raises cost and prices of food because farm inputs – primarily fertilisers and pesticides are petroleum based products. Also the cost of transport goes up. This has resulted in food prices going up and within the present system it will only go up further. The alternative is socialism with local food security based on organic food production. Urban agriculture, particularly for perishable foods like vegetables and fruits is becoming a must. Read more…

Video: The Shit Hits The Fan discussion series at the Doomstead Diner

Doomstead Diner

Doomstead Diner Discussions on The Shit Hits The Fan (TSHTF) Three Recordings on Aug. 23, 2015. 

At the Doomstead Diner, we investigate, discuss and debate the ramifications of the Economic Collapse of Industrial Civilization.  Often referred to in shorthand as TEOTWAWKI.  The End of the World as We Know It.

Energy Discussion (Part 1)
With Gail Tverberg, Nicole Fosse, Steve Ludlum, Tom Lewis, Norman Pagett, Ugo Bardi, Reverse Engineer, and Monsta. Vist the Collapse Cafe discussions home page for more videos

Interview: Mansoor Khan

(Editors Note: POI member Mansoor Khan is the author of the book The Third Curve: The End of Growth. As we know it! which examines Peak Oil and the future of energy and economic growth to provide a new lens to understand our reality and the future. In this interview with The CSR Journal, he says that adapting to global energy descent requires us to make a paradigm shift in our economic and industrial thinking to exactly the opposite that is presently followed. )

From Entertainment to Energetics

By Nidhi Singh, The CSR Journal
Mansoor Khan divides his time between running a farmstay, cheese-making and traveling around the country lecturing the Corporate world & top educational Institutes on the theory of ‘Energertics’ & ‘Peak Oil’ which he believes is a tricky topic. The Bollywood Filmmaker who launched Aamir Khan with Qayamat Se Qayamat Tak and also belted out another blockbuster Jo Jeeta Wohi Sikandar is now telling an entirely different story through his Book ‘The Third Curve – The End of Growth As We Know It’.

Standard questions about sustainability, social & environmental development don’t even seem to apply to this filmmaker-turned-author who explains how limited resources of the Planet is not a problem, but a predicament. Hence it cannot have a solution, but requires a fundamental change in a mindset accustomed to the concept of ‘perpetual growth’. A passionate advocate of Gandhian principles of simple, local living Khan tells The CSR Journal’s Nidhi Singh in this interview about how the fundamentals of energy and its roles in our industrial model are little understood and never discussed.  That, he points out leads to people asking the wrong questions. (Read full interview)

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