From the log: TOP TEN most recent signposts to the coming energy crisis
“U.S. shale-oil boom may not last as fracking wells lack staying power.”
10 Oct 2013
Boss of oil drilling-services giant thinks we may have arrived at peak oil.
7 Sep 2013
“Shale-boom profits bypass Big Oil”: WSJ headline.
1 Aug 2013
“We have swung from oil panic to complacency on slender evidence.”
31 Jul 2013
Pentagon & NSA bracing for public dissent over climate and energy shocks.
14 Jun 2013
Shale boom likely to be temporary, says successful oil trader.
29 May 2013
New prediction that Russian production cannot keep up with demand.
2 Jan 2013
Bundeswehr on peak oil: “Psychological barriers cause indisputable facts to be blanked out.”
23 Nov 2012
Saudi Arabia risks becoming oil importer within 20 years: Citi.
4 Sep 2012
“Peak cheap oil is an incontrovertible fact”: Telegraph.
26 Aug 2012
- “U.S. shale-oil boom may not last as fracking wells lack staying power.”
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As US fracking moves into suburbia, Tulsa bans it within city limits.
Guardian: “Some cities have moved to limit fracking or ban it outright – even in the heart of oil and gas country. Tulsa, Oklahoma, which once billed itself as the oil capital of the world, banned fracking inside city limits.” “The authorities in Dallas last week blocked what would have been the first natural gas well in town.” …But Gardendale, a suburb of 1,500 people near the hub of the west Texas oil industry, exists in a legal and political environment in which there are seemingly few restrictions on fracking, even inside city limits. For residents here, fracking is part of daily life.”
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The unfathomable scrabble & splash energy policies of the UK government.
3 Dec 2013
Letter to the Times: “Sir, The policies of the coalition Government on energy prices are contradictory to an almost unfathomable extent. At the same time as scrabbling around to find a way to cut £50 off bills, they are committing energy consumers to buy electricity at fully double today’s prices… Read-more
Majority of Norwegian MPs for state pension fund quitting coal.
2 Dec 2013Jeremy Leggett in Recharge: “In my August column, I wrote: “I expect to see a major diversion of investment from fossil fuels to clean energy before long.” Readers might reasonably expect either periodic encouraging updates, or a grovelling apology for falsely raising expectations. Here is the first of the
Reading between the lines on the IEA’s mix of hype and warnings on oil.
20 Nov 2013
Jeremy Leggett & Lt Col Daniel Davis in the Huffington Post: “Last week the International Energy Agency in Paris released its annual World Energy Outlook, which projects energy trends out to 2035. As it did last year, the 2013 WEO had plenty of good news for Americans:” “The net… Read-more
“But if the financial crisis taught us anything….”
16 Nov 2013
Margareta Pagano in The Independent: “Jeremy Leggett couldn’t have chosen a better time to warn that we are heading for a world energy crisis so ghastly that the Great Financial Crash will look like a storm in a teacup.” “The “Big Six” energy companies are in the dock
Philanthropy & risk taking in global energy: challenges, opportunities.
15 Nov 2013
Jeremy Leggett in Alliance magazine: “In my new book, The Energy of Nations: Risk blindness and the road to renaissance, I argue that the conventional energy industry is repeating the failing. The challenges that this throws up for the philanthropy world are profound. But the opportunities are also substantial.” Read-more
Invest more in oil? “A big, big bet”: interview in Norway’s financial paper.
6 Nov 2013
DN.no: Translation of original article in Norwegian: “The so-called carbon bubble concerns companies which have their value placed in unused reserves of oil and gas which will not be extracted before a long period of time in the future. By then, there will be little interest in this kind of… Read-more
Denial of carbon arithmetic abounds in the heart of the energy incumbency.
4 Nov 2013
Jeremy Leggett in Recharge magazine: “Five thousand delegates from more than 100 countries file into a cavernous convention centre in Daegu, South Korea, for the World Energy Congress 2013. A huge screen above them in the foyer is filled with a spinning globe, that blue pearl in space that we… Read-more
“Underground truths: shale won’t save us.”
28 Oct 2013
Daniel Davis and Jeremy Leggett in The National Interest: “On October 16, Foreign Policy published an article written by Ed Morse and Amy Jaffe entitled “The End of OPEC,” in which they argued that emerging technology and American production of tight oil and gas is revolutionizing the energy industry.” Read-more
Conventional energy industry heading for global crash: JL at WEC.
13 Oct 2013
Commodities Now: “Much of Big Energy is guilty of an enculturated risk blindness that, unless action is taken, will lead to an inevitable global crash according to Jeremy Leggett. As the World Energy Congress opens in South Korea, the man described as “Britain’s most respected green energy boss” writes of… Read-more
- The unfathomable scrabble & splash energy policies of the UK government.
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