Peak oil - July 14
by Staff
Click on the headline (link) for the full text. Many more articles are available through the Energy Bulletin homepage
Almost a month ago, Mr. Bush called on Congress to lift their ban on offshore drilling and said he would lift the presidential ban, instituted by his father in 1990, whenever Democrats did the same. Today, however, he is doing what many said he should have done then acting unilaterally and leading by example to put maximum stress on Democrats opposition to offshore drilling.
BusinessWeek magazine cited a field-by-field breakdown of output it obtained from an oil industry executive. Saudi, the world's biggest exporter, says it is on track to boost capacity to 12.5 million bpd by the end of next year and said last month it was ready to add another 2.5 million bpd in the coming years in a bid to tame roaring prices fuelled in part by growing fears over limited global supplies. "The detailed document, obtained from a person with access to Saudi oil officials, suggests that Saudi Aramco will be limited to sustained production of just 12 million barrels a day in 2010, and will be able to maintain that volume only for short, temporary periods such as emergencies," BusinessWeek reported. (14 July 2008)
It is my hope that the Guide will be a “living document” which can be updated and enhanced as time goes on by knowledgeable experts such as those on TOD, and I welcome their input. I'd like it to be as short and to the point as possible, but also as bulletproof as possible in presenting solid information. This is a short summary of important concepts about peak oil and world oil production, prepared for the benefit of the media. Last revised: July 9, 2008
Premier mythe: la principale source d’énergie utilisée au Québec est l’hydroélectricité. C’est faux. La première source d’énergie au Québec est le pétrole. Celui-ci compte pour tout près de 40% de l’énergie, contre 38% pour l’hydroélectricité. Dans le domaine du transport, le pétrole domine comme un dictateur de régime de bananes avec plus de 99% de l’énergie consommée! L’éolien? 0,08% de l’énergie; un souffle minuscule sur un pétrolier. Deuxième mythe: l’exportation d’électricité enrichit le Québec. Le problème avec cette croyance, c’est qu’elle s’alimente de notre ignorance. Au lieu de diminuer notre dépendance énergétique en consommant davantage d’électricité ici, on la vend à l’étranger et on achète du pétrole. |
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