From the log: TOP TEN most recent signposts to the coming energy crisis
Giant Kashagan oilfield could be out of production for two years.
7 Apr 2014
“Conventional peak oil is quite probably here”: ex BP geologist.
17 Feb 2014
Big oil companies struggle to justify soaring project costs.
28 Jan 2014
Former BP geologist Richard Miller: peak oil is essentially here.
23 Dec 2013
S Sudan loses 250k mbd and the talk is of global oil supply crisis.
23 Dec 2013
“The fall off in conventional oil production is real and scary.”
13 Dec 2013
Ever more capex for ever fewer barrels: another oil supply warning.
25 Nov 2013
“U.S. shale-oil boom may not last as fracking wells lack staying power.”
10 Oct 2013
Record Saudi oil output needed to avoid global supply shortfall.
16 Sep 2013
Boss of oil drilling-services giant thinks we may have arrived at peak oil.
7 Sep 2013
- Giant Kashagan oilfield could be out of production for two years.
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Basle bank liquidity rules watered down after intense lobbying by banks.
FT: The first ever global liquidity standards will be less onerous than expected and not be fully enforced until 2019, four years later than expected. ““Aimed at preventing a repeat of the 2008 bank collapses, the “liquidity coverage ratio” (LCR) announced on Sunday marks the first time that global regulators have sought to require individual banks to hold enough cash and easy-to-sell assets to allow them to survive a short-term market crisis. The measure is the second plank of the Basel III reform package. …The final rule approved by the supervisors of the Basel Committee on Banking Supervision is significantly more flexible than the draft version put forward more than two years ago. …When the Basel group, which includes representatives from 27 major financial centres, first agreed in 2010 to put in place liquidity rules, the draft said that only government bonds and top-quality corporate bonds would count toward the buffers. But the industry lobbied hard to get the rules watered down, arguing that the draft version would tie banks too closely to sovereign debt and constrain their ability to lend to the wider economy.”
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Nafeez Ahmed reviews Energy of Nations, Part 2: “Could he be right?”
9 Apr 2014
Nafeez Ahmed in the Guardian: “In The Energy of Nations: Risk Blindness and the Road to Renaissance, Dr Jeremy Leggett – a former oil geologist and government adviser on renewable energy – warns of the risk of an imminent global oil crash as early as next year, and no later than 2020. In… Read-more
Is coal really on the rise in Europe? A dead cat bounce, more like.
7 Apr 2014
Jeremy Leggett on Thomson Reuters: “For the fossil fuel boosters and the climate deniers, it’s a delicious irony. Despite the EU’s much-vaunted climate leadership, its use of coal to generate power has apparently been on the rise.”
“It’s a useful counterblast to the growing – and increasingly compelling… Read-more
“The Oil and Gas Weapon Won’t Work”: Davis & Leggett on Ukraine.
13 Mar 2014
Lt. Col. Daniel Davis & Jeremy Leggett in The National Interest: “After many weeks of political chaos and bloodshed in Kiev, Moscow sent soldiers across the frontier into the Crimea on February 27, claiming it aimed to protect the Russian-speaking population.” “Writing in theWashington Post on March 7,… Read-more
100% renewable energy ambassadors appeal on Fukushima anniversary
11 Mar 2014
World Wind Energy Association: “Three years after the Fukushima/Daiichi nuclear disaster, the Global100RE Ambassadors are highlighting the need to refrain from using hazardous nuclear and fossil energy sources and instead shift towards 100% renewable energy.”
“Ambassadors of the Global 100% Renewable Energy Campaign Bill McKibben, David Suzuki, Hans-Josef Fell, Jeremy Leggett, and Ulrich… Read-more
“Norway spurs rethink on fossil fuel companies”: FT.
4 Mar 2014
FT: “Norway’s decision to set up an expert group to see if its $840bn oil fund should stop investing in fossil fuel companies has triggered a wave of speculation since it was announced last week.”
“If the world’s largest sovereign wealth fund were to ditch such investments, it might… Read-more
“If you think the financial crisis was bad, consider this.”
3 Mar 2014
MeJudice & You-Tube: Short video interview with Jeremy Leggett on the coming energy crisis, as described in The Energy of Nations, and the potential for a road to renaissance. All in the context of recent woes at Shell and other oil and gas companies.Tweet
“Why coal and many oil investments are losing luster.”
24 Feb 2014
Jeremy Leggett in Fortune magazine: “Many who worry about climate change have long been puzzled by the hundreds of billions of dollars that coal, oil, and gas companies routinely spend on developing their reserves, and finding and developing new reserves. These investments seem unstoppable, despite countless warnings that carbon emissions damage… Read-more
“(The) thesis is compelling. We face an existential threat.”
17 Feb 2014
Blue&Green: “Jeremy Leggett is a leading advocate of clean energy. At a recent Forum for the Future event, he gave an impassioned call to arms for renewables. His latest book is The Energy of Nations: Risk Blindness and the Road to Renaissance.”
“A former award-winning geologist, Leggett is founder and… Read-more
SolarAid closes in on a million solar lantern sales.
11 Feb 2014
SolarAid’s retail brand SunnyMoney nears 900,000 solar lanterns sales, should pass a million c. May. What I saw:
JL e-mail to 3,000+ contacts: “Winning on climate change, as we all know, mainly means winning many small victories in a sustainable retreat from fossil-fuel use. Eradicating poverty similarly means… Read-more
- Nafeez Ahmed reviews Energy of Nations, Part 2: “Could he be right?”
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