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Peak Energy in the News:Energy Bulletin

“This is very important….I never had a security briefing which said what some of these very serious, but conservative petroleum geologists say, which they think that, either now or before the end the decade’s out, we’ll reach peak oil production globally, and with the rise of China and India and others coming along, unless we can dramatically reduce our oil usage, we will run out of recoverable oil within 35 to 50 years. And that would mean that…in addition to climate change, we have a very short time in the life of the planet to turn this around….we may not have as much oil as we think. So we need to get in gear.”

— Former President Bill Clinton, Aspen Ideas Festival, July 2006 [1]

 

It’s the energy and the economy, stupid
An open letter to US policymakers

by William Clark

 

Nitro-Pak--The Emergency Preparedness LeaderThe 21st century will likely be defined by three overarching forces: climate change, Peak Oil, and macroeconomics. The twin issues of climate change and Peak Oil are intertwined variables, and each represent extremely important phenomena that have slowly gained some public awareness. However, the third issue, macroeconomics, and more specifically the global trends regarding multiple petrocurrencies remains essentially unreported by the five US corporate media conglomerates.

Despite the general lack of public debate, the geopolitical landscape of this young century is increasingly being driven by escalating competition for energy supplies before global oil production peaks, and the erosion of dollar hegemony with the emergence of new petrocurrency alignments. The hypothesis outlined in Petrodollar Warfare; Oil, Iraq and the Future of the Dollar, is that the tragic war in Iraq is in many ways the first oil-depletion and oil-currency war of the 21st century. [2]

Indeed, the geostrategic drivers behind the current “Iran crisis” are essentially the same as the previous “Iraq crisis,” including: structural imbalances in the global economy, which is being exacerbated by the weak US dollar, and the emerging liquid fuel energy crisis that will inexorably follow the peak in global oil production. The fact is that the post-World War II status of the US dollar as premier world reserve currency is quietly but assuredly eroding. [3] There are three key variables to analyze concerning the changing status of the dollar’s reserve role in the global financial system:

  1. Central banks may shift their reserves out of dollars (e.g. into euros, Asian currencies, etc.)
  2. The Asian currencies could end their pegs to the US currency (e.g. China circa July 2005)
  3. We could witness a breakdown in the pricing of commodities in dollars (e.g. a “basket of currencies” for global oil trade including the dollar, euro, ruble, renminbi and perhaps rial).
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All three of these trends have become evident. Regarding the third item, the most important globally traded commodity is oil, and this is where erosion of the dollar’s world reserve currency status is significant. [4] This segues into the larger issue of geopolitics, and corresponding attempts by Washington to retain its hegemonic status as the world’s sole superpower. A careful analysis of the macroeconomic, geopolitical, and geological trends indicates that over the next few years we will witness a continued decline of US dollar/petrodollar supremacy, and almost certainly a peak in global oil production between 2010 and 2015. Mitigating these trends before they become a fait accompli should be the focal point of every major policy-maker in both the domestic and international realms.

The ill-fated unilateral invasion of Iraq that was designed to maintain US dominance of the global oil supply and enforce petrodollar supremacy — has had the ironic effect of encouraging momentum towards petroeuros and other petrocurrencies — along with new geopolitical and energy alignments unfavorable to the US. [5][6][7][8] In the meantime, the American military is trapped in a tragic quagmire in Iraq, even as the Bush-Blair administrations are once again obfuscating their real geostrategic and macroeconomic agenda regarding Iran by engaging in a propaganda campaign about an Iranian “nuclear weapons program” that according to both the IAEA and CIA simply does not exist. [9]

Unfortunately, America’s current domestic energy and monetary policies are unsustainable, and US geostrategy is at odds with the interests of global stability: the two greatest challenges facing the world today are the need for global energy reconfiguration and monetary reform. The success or failure to create multilateral accords towards these two colossal undertakings will be the drivers of war and peace, and thereby define the human condition during the opening decades of the 21st century.


Peak Oil: The Energy Conundrum ....
Read remaining article here free at Energy Bulletin

Published on 28 Dec 2006 by Energy Bulletin
 


 

     

 

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 Twilight in the Desert: The Coming Saudi Oil Shock  

Solutions & sustainability - Mar 30
Toll for driving in downtown San Francisco? / The Meatrix II / Delaware Valley officially plans for post-peak / The American Prospect special issue on "Green economy: after oil"
first published March 30, 2006.

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Can We Use Fear as a Motivator for Change?  

How to Survive the Coming Economic Collapse How You Can Thrive When Oil Costs $200 a Barrel

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Rob Hopkins asks the question, to what extent should we use the fear of Peak Oil as a tool to motivate change in people?
first published March 29, 2006.

Carbon: too much, not too little
Suppose that availabilty of oil is going to decline to levels far below those of today. The question is, so what? The US has enough easily accessible coal to supply hundreds of years of consumption at current rates, and the same is true of the rest of the world.
first published March 29, 2006.

Peak oil - Mar 29
The global oil disaster scenario / Global Public Media: Savinar, Maori Party, Bartlett, Cooke, Wright, more / When will peak oil tip? (from backwardation to contango)
first published March 29, 2006.

Beyond petroleum?
In Bush's state of the union address we all heard him say the words "addicted to oil". I was elated for the rest of the week. I know, I know. This doesn't mean he'll actually do anything about it, but at least we can now hear the problem addressed from all fronts.
first published March 28, 2006.

 

 Gas War: The Truth Behind the American Occupation of Afghanistan

As Seen On TV Natural Daylight Light Bulb  

As Seen On TV Natural Daylight Light Bulb ELDAYBULB-50This must have light bulb will turn any lamp into a natural light lamp. It has a CRI (Color Rendering Index) of 82 which means that photos, books, and even people will have almost the same true color as they would outside on a sunny day. This glare free, natural light brings out color and detail. Great for bathroom or vanity light so you can better see your makeup. Helps prevent eyestrain! This 20 watt bulb is equivalent to a regular 75 watt bulb and lasts 6000 hours or more and carries both UL and Energy Star approval.

 

Solutions & sustainability - Mar 28
Michael Pollan: The modern hunter-gatherer / California makes itself the most efficient place in North America / Home builders turning green / Farm goes for economic, ecological diversity / US, African scientists seek biotech answer to hunger (sorghum)
first published March 28, 2006.

Smoke & Monetary Policy
On Tuesday I had a conversation with a few Senior Executives in the Department of the Interior about how to solve the Peak Oil problem--and we all came to the same conclusion: there is a structural block to the solution to this problem...
first published March 27, 2006.

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Making us “future-proof” – the evolving role of horticulture
How horticulture and related fields (such as urban forestry) might evolve to assist the transition to an economy without cheap oil.
first published March 27, 2006.

Collapse: How Societes Choose to Fail or Succeed (Jared Diamond)

 

What markets are telling us about future energy prices
Until very recently the expectations on long term price of oil were extraordinarily stable - at around 20$/bl. Thexe expectations have changed remarkably quickly during the past 2 years
first published March 26, 2006.

 

Top 10 US cities best prepared for an oil crisis
If the price of oil shot to $100 a barrel tomorrow, which American cities would be able to survive economically?
first published March 25, 2006.

 Exposing Oily Politicians

Peak oil - Mar 25
Los Alamos physicist: Is there energy for all in the 21st century? / Review of Tertzakian's "A Thousand Barrels A Second" / oGE - a Portuguese peak oil website / Rep. Bartlett and OilCrash / Washington DC Petrocollapse conference May 6 / Dublin April 19-23: 'Learning to Live With Less Fossil Fuel' / India: Time for Plan B for energy security?
first published March 25, 2006.

 

 Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil
 
 
Other links related to Peak Oil and the world Energy Crisis:
 
 
 
 
 
 
Energy and Permaculture (David Holmgren): http://www.permacultureactivist.net/Holmgren/holmgren.htm
 
Global energy peak: threat or opportunity?   http://energybulletin.net/2349.html
"Permaculture is a design system for sustainable land use and living first articulated by the author and Bill Mollison nearly 30 years ago. It has since become one of the most powerful frameworks for positive response to environmental limits and global ethics. Permaculture has influenced fields as diverse as home self reliance, organic agriculture, ecological building, environmental education and development aid (including World Vision projects and training)."

 
Gaia's Garden: A Guide to Home-Scale Permaculture
 
Hemenway, a permaculture expert and associate editor of The Permaculture Activist, explains how gardens can function as ecosystems, describes the basic parts of an ecological garden (soil, water, plants, and animals), and shows how to create backyard ecosystems through guilds. Guilds, the author tells us, are groups of plants that function as an ecosystem to provide products for humans, create cover and food for wildlife, nourish the soil, conserve water, and repel pests. A simple example of a guild is the "three sisters" (corn, beans, and squash); corn stalks provide a trellis for beans, the beans supply nitrogen to the soil, and the squash leaves inhibit weeds and conserve water.
 
 
 
 
 
 
 
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