The IEA monthly oil market report says that c. 30% of existing global oil, and nearly 50% of new supplies by 2015, need to be sourced from offshore, much of it from deep water, where operating and regulatory standards may be tightened, and permits delayed.
From the log: TOP TEN most recent signposts to the coming energy crisis
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New prediction that Russian production cannot keep up with demand.
2 Jan 2013
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Bundeswehr on peak oil: “Psychological barriers cause indisputable facts to be blanked out.”
23 Nov 2012
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Saudi Arabia risks becoming oil importer within 20 years: Citi.
4 Sep 2012
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“Peak cheap oil is an incontrovertible fact”: Telegraph.
26 Aug 2012
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“Mobilizing society in the face of peak oil: a call to French Presidential candidates”.
29 Mar 2012
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“Soaring oil prices will dwarf the Greek drama”.
25 Feb 2012
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“Running dry”: Economist. “Oil production fails to keep up with demand.”
9 Jun 2011
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“DECC accepts warning of rising peak oil risks”: Business Green.
9 Jun 2011
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Head of Saudi Electricity Company says Saudi oil may run out in 2030 on current trends.
7 Jun 2011
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IEA: governments should have recognised oil depletion problem ten years ago.
28 Apr 2011
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New prediction that Russian production cannot keep up with demand.
TOP TEN Archive (2011 only)
TRIPLE CRUNCH LOG Archive
View the full Triple Crunch Log archive going back to 2006 (mostly untagged before May 2011).Monthly Archives (fully tagged from May 2011)
Useful peak oil summaries on film
- Acknowledging peak oil: ASPO TV, Feb. 2011. Sadad al-Husseini ran Saudi Aramco’s exploration and production until 2004. He perhaps more than anyone should know what lies in the future for oil production. Hear what he and others have to say in this 7 minute film.
- Crude: the incredible journey of oil. 2007. Some very good documentary films have been made about peak oil. In my opinion, this is the best. Made by Richard Smith of the Australian Broadcasting Corporation.
- Discovery and production won't meet future demand: ASPO TV, Feb. 2011. Jeremy Gilbert was a senior BP reservoir engineer. See what he and others have to say about future oil production on this 7 minute film.
- Oil crunch: ABC TV, Australia, 28 April 2011. In the best short TV account I have yet seen on the peak-oil problem, the IEA’s chief economist is teased into going as far as I have ever seen or heard him go in saying that a crisis of global oil supply is near (8 minutes).
- Perspective on peak oil concerns in UK industry, May 2011. In this 9 minute ABC interview, posted on You-tube but only used in part in ABC’s Catalyst programme on peak oil, I talk about the reasons for concern, and best case / worst case in the peak oil threat assessment.
Useful peak oil summaries on radio
- ABC Radio The Science Show, on peak oil, April 2011 “Oil price impacts everything, yet at some point, world oil production will peak – and then decline…”
- Radio EcoShock (Vancouver), April 2011. A comprehensive interview with Jeremy Leggett spanning peak oil, climate change and solar energy in its holistic context.
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Archive for August, 2010
IEA warns Gulf spill effect has put the oil industry’s ability to find enough new oil “on a knife edge.”
August 11, 2010 Oil, Top Ten Signposts to Energy CrisisTags: IEA
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Solar = random desecration of the countryside: comedian.
22 May 2013
Guardian: “The comedian Griff Rhys Jones has accused the government of “random desecration” of the countryside and despoiling “pristine landscapes” through its subsidies to wind turbines and solar power.”
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Oxford alumni condemn choice of Shell to fund earth sciences lab.
8 May 2013
Guardian: “Jeremy Leggett among 100 signatories to letter opposing oil firm’s likely influence over university’s climate change studies.”
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“Call a truce in the no-winners solar war.”
7 May 2013
Jeremy Leggett in the FT: Europe is on the brink of a trade war with China in one of the fastest-growing global industries. America and China are already engaged in battle. The job-rich and emissions-low solar photovoltaics industry is heading for severe impairment, at best.”
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The vital role of foundations in the retreat from fossil fuels.
1 May 2013
Alliance magazine: “On 18 April Carbon Tracker, a UK-based foundation-led initiative, released its second report, Unburnable Carbon: Avoiding wasted capital and stranded assets. We need a managed, rapid and complete retreat from the use of fossil fuels if disastrous global warming is to be avoided, Jeremy Leggett, chair of Carbon… Read-more
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Two minutes that I hope might begin turning the climate tide.
20 Apr 2013
JL open e-mail: “I am living in hope that if this 2 minute animation of the latest CarbonTracker findings holds huge potential in the climate debate. Its not just the way that it portrays the findings of our latest Carbon Tracker report, launched at a packed event last Thursday in… Read-more
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“How your pension is being used in a $6 trillion gamble.”
19 Apr 2013
Bill McKibben and Jeremy Leggett in the Guardian: “Suppose you weren’t worried that we humans are destroying our water supply and eroding our ability to feed ourselves by burning coal and gas and oil and hence changing climate. Suppose you thought that was all liberal hooey. What might worry you about fossil… Read-more
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Solar = random desecration of the countryside: comedian.
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