Whole Foods Market, an organic grocery chain, and Bed, Bath and Beyond a household goods company, are responding to ForestEthics, a non-governmental organisation campaigning to lead the US corporate sector away from oil sands fuel because of its higher carbon content.
Archive for February, 2010
“Society ignores the oil crunch at its peril: Warnings of a crash in oil production are no longer limited to a prescient few individuals – major British companies and oil CEOs are now sounding the alert.” I set out in the Guardian the implications of the oil crunch warning from the UK Industry Taskforce on Peak Oil and Energy Security report.
The UK Industry Taskforce on Peak Oil and Energy Security publishes “The Oil Crunch – A wake-up call for the UK economy” at a press launch in the Royal Society. See also You-Tube films of comments by ITPOES executives including Richard Branson, and the response by the head of international energy security at DECC, Chris Barton.
“The next five years will see us face another crunch – the oil crunch. This time, we do have the chance to prepare. The challenge is to use that time well. ….Our message to government and businesses is clear: act. Don’t let the oil crunch catch us out in the way that the credit crunch did.”
The Kuwait University / Kuwait Petroleum Company study, published in the journal Energy & Fuels, describes the development of a new version of the original “single cycle” Hubbert model that accounts for individual production trends (i.e. a “multi-cycle” model) to provide a global oil production forecast. The researchers analyse production trends of the 47 oil-producing countries supplying most of the world’s conventional crude oil.
A good fiction writer couldn’t invent the problems they have, as I describe in this Sublime column.