Peak Oil
47 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Scooped by Bob Waldrop
Scoop.it!

Resource Insights: Of boiling frogs and oil prices

Resource Insights: Of boiling frogs and oil prices | Peak Oil | Scoop.it

Many readers will know about the claim that a frog plopped into boiling water will hop right back out if it can, while one put into cold water which is then slowly heated will remain until it is cooked. The claim is wrong, but the story is quite useful in understanding some human behavior. Gradually changing circumstances are typically more difficult for humans to detect and react to than circumstances that are changing rapidly.

 

Such is the case with oil prices. The velocity with which oil prices rose in 2007 and 2008 transfixed the public and policymakers. The price vaulted from $60 a barrel on the first trading day of 2007 to above $147 on July 11, 2008, the (so far) all-time high.

Bob Waldrop's insight:

The much bally-hooed increases in US oil production are lost in a world of declining oil production. For the past seven years, despite all the histrionics from the US oil bidness, world crude oil production increased only 2.7%, versus an annual increase averaging 1.5% which prevailed previous to 2005

 

. Oil prices have been, on average,the highest in history over the past two years and they may reach another average all time high before we are done with 2013.

 

We are the frog, happy as a claim, in the slowly warming water of a pot set to boil.

 

more...
No comment yet.
Scooped by Bob Waldrop
Scoop.it!

Efficiency Drove U.S. Emissions Decline, Not Natural Gas, Study Says | InsideClimate News

Efficiency Drove U.S. Emissions Decline, Not Natural Gas, Study Says | InsideClimate News | Peak Oil | Scoop.it
Aggressive energy efficiency efforts by households, companies and motorists led to the decline in carbon dioxide emissions from energy use in the United States, according to a recent report.
Bob Waldrop's insight:

Some say that individual efforts to reduce climate forcing emissions and conserve energy are fruitless.  This study's data contradicts that meme.

more...
No comment yet.
Scooped by Bob Waldrop
Scoop.it!

‘Nobody understands’ spills at Alberta oil sands operation | Toronto Star

‘Nobody understands’ spills at Alberta oil sands operation | Toronto Star | Peak Oil | Scoop.it
Oil spills at an oil sands operation in Cold Lake, Alberta have been going on for weeks with no end in sight, according to a government scientist.
Bob Waldrop's insight:

As it turns out, we are not quite as smart as we thought we were.

 

 “Everybody (at the company and in government) is freaking out about this,” said the scientist. “We don’t understand what happened. Nobody really understands how to stop it from leaking, or if they do they haven’t put the measures into place.”

more...
No comment yet.
Scooped by Bob Waldrop
Scoop.it!

Despite boom, higher costs push Big Oil into slump

Despite boom, higher costs push Big Oil into slump | Peak Oil | Scoop.it
Bob Waldrop's insight:

So as it turns out. . . oil production costs are higher than ever, and despite continued high prices for oil, profits of oil companies are being squeezed. This means even higher prices are to come as production continues to falter, despite all the cornucopian blather in the US press.  If rhetoric could bring in an oil well, everyone would have on in their back yard. If wishes were fishes we'd all be eating seafood.

more...
No comment yet.
Scooped by Bob Waldrop
Scoop.it!

Commodity supercycle in rude health despite shale - Telegraph

Commodity supercycle in rude health despite shale  - Telegraph | Peak Oil | Scoop.it
The Oil Drum is closing down after eight years, giving up the long struggle to alert us all to "peak oil" and the dangers of an energy crunch. Readers have been drifting away.
Bob Waldrop's insight:

Conventional wisdom is that "peak oil is history", and that we are at the dawning of an age of energy abundance. This article is a reminder that this alleged abundance is more propaganda than fact.

more...
No comment yet.
Scooped by Bob Waldrop
Scoop.it!

My Plastic-free Life

My Plastic-free Life | Peak Oil | Scoop.it
Think we can't live without plastic? Think again. In 2007 I committed to stop buying any new plastic & I've almost succeeded! Won't you join me? Let's see what plastic-free looks like in 2012... for the health of our bodies, our oceans, our planet.
Bob Waldrop's insight:

Most plastic is made from fossil fuels and it is a big problem.  This is a great site with plenty of useful ideas to help people break the plastic habit.  I've been personally working on this for the last year or so and it is not an easy task.

more...
No comment yet.
Scooped by Bob Waldrop
Scoop.it!

Peak oil isn’t dead: An interview with Chris Nelder

Peak oil isn’t dead: An interview with Chris Nelder | Peak Oil | Scoop.it
Thanks to new oil production in places like North Dakota and Canada, many analysts are declaring
Bob Waldrop's insight:

As it turns out, the situation with oil is playing out just about like we said it would back in 2004-2005.  Since then, the world's crude oil production has been on a bumpy plateau.  US production increases, which haven't been all that great all the propaganda notwithstanding, have been offset by declines elsewhere. China and other developing countries are positioning themselves to outbid us for available world oil exports. We will never be oil independent so now is the time to get ready for oil to be much more expensive. 

more...
No comment yet.
Scooped by Bob Waldrop
Scoop.it!

Out-of-control oil leaks at Canadian tar sands site - environment - 31 July 2013 - New Scientist

Thousands of barrels of bitumen have already leaked from a tar sands project in north-east Alberta that had been certified safe by government regulators
Bob Waldrop's insight:

So we have out of control leaks at a Canadian tar sands site.  The company scientists say they are "mystified as to what went wrong or how to stop the leak."  But -- but -- but -- weren't we told this would be safe?

more...
No comment yet.
Scooped by Bob Waldrop
Scoop.it!

Of Palm Oil and Extinction

Of Palm Oil and Extinction | Peak Oil | Scoop.it
You know the old question: If a tree falls in the forest and no one is around, does it make a noise? I’m not quite sure why that question came to mind when news came out of the extinction of Dipterocarpus coriaceus, or keruing paya, in West Malaysia.
Bob Waldrop's insight:

Increased demand for biodiesel made with palm oil is one of the factors driving expansion of palm oil cultivation. The Malaysian government mandates a 5% blend of palm oil with diesel and plans to double that to 10% in 2014. 

more...
No comment yet.