Energy Headlines - June 6, 2005
by Staff
Click on the headline (link) for the full text. Many more articles are available through the Energy Bulletin homepage Peak Oil Warning from Gore on future S.F. speech focuses on global warming Cecilia M. Vega, SF Chronicle When former Vice President Al Gore gave a long list of doom-and- gloom statistics Saturday about global warming -- warning people that rising sea levels could drown out parts of Florida, Louisiana and Manhattan -- there were no loud gasps or headshakes of disbelief from a roomful of Bay Area environmentalists. At the World Environment Day conference in San Francisco -- a five-day U. N. gathering dedicated to adopting sound environmental practices for urban centers -- he was preaching to the choir. Reader Jason writes: So far, I've seen no news report that has mentioned the quote. Do we have a scoop? Can anyone else confirm this? -BA
Calamity results, ranging from rising gas-pump prices and a coast-to-coast 50 mph speed limit at first to nationwide economic depression by Easter. It's not a comedy, in other words, grim from beginning to end. Plausibility aside -- I suppose it all could happen just this way, though I sure hope not -- the film's gimmick is fascinating. Using the hyperactive visual lexicon of TV news, the tale unfolds via flashbacks from the future. Oil Storm - the good and bad news
...If I could briefly return to the sandwich shop analogy, it was somewhat the same as occurs when a new company takes over an old shop. They bring in new technology (bread slicers that get more slices per loaf), they find the old reserves of fillings and ingredients that were stored for a rainy day and sell those, and they spruce up the place, and for a while they do a greater business. And to an extent that is what happened in Russia. By bringing in Western investment they were able to enhance the recovery from existing wells, and get some oil out that was not being produced from existing fields. But in just the same way as, after a time, with increased business, the shop owner has to go out and buy more supplies in greater volume, so the Russian oil industry has to go out and find new wells and reserves. ...So with ageing fields that have now had production accelerated, so that they run out faster, and insufficient new fields being found, the hoped for help from Russia may well have been over-anticipated, and even the current hope for sustained production at current levels may be optimistic.
So what's India's plan? According to Energy Minister Mani Shankar Aiyar, the solution is "to persuade China to cooperate rather than compete." Okay, and your bargaining chip would be. . .? Also consider this: The US, Japan, Europe and China will all have to import more than three quarters of their oil supplies. Does this suggest that the world is going to remain an orderly place?
If nothing else, peak oil is going to be a major inflection point in our collective history. It's a sharp turn in the road, and we can't see clearly around the bend. The stakes are huge, and call for a commensurate greatness of mind and expansiveness of thought.
Energy-related News A Well–Oiled Regime F. Gregory Gause III, Foreign Policy Saudi Arabia’s King Fahd is nearing his last days. His successor, Crown Prince Abdullah, has held the reins since 1995. Yet Fahd’s recent hospitalization put the kingdom’s security forces on high alert and drove up oil prices. What gives? FP asked veteran Saudi watcher F. Gregory Gause about succession in the House of Saud, explosive allegations in a recently published U.S. book, and political developments in the kingdom. ... FP: What can the Saudis do to cut oil prices, and what are they doing? FG: There’s not much more they can do in the short term because they’re producing near their maximum capacity. The oil minister announced a few months ago that, by 2009, they will expand capacity by 2 millions barrels a day to 12 million. The Saudis haven’t increased net capacity for around 20 years, so it’s good that they are increasing it. But if you consider the rise in demand from South and East Asia, you wonder if 2 million barrels a day over the next four years will be enough to meet demand, given that there doesn’t seem to be a whole lot of new oil coming onto the market. FP: Is there any merit to Gerald Posner’s allegation, made in his book Secrets of the Kingdom, that Saudi Arabia has rigged its oil infrastructure with an elaborate set of dirty bombs to ensure that the world’s oil supply is tied to the fate of the Saud family? FG: I have no doubt that the Saudis have been thinking about contingencies involving serious internal threats. I understand the logic of tying the family’s fate to the oil supply, but I’m not convinced by Posner. His previous work on Saudi Arabia isn’t particularly well sourced.
Governments on the continent are opening up and even those which had been producing oil for decades are saying that new opportunities for investment are emerging, a four-day oil and gas conference in the Mozambican capital heard last week. "It is my feeling that there is a new shift towards Africa, with a lot of projects... especially if you look at the healthy price of oil," said Pierce Riemer, director general of the World Petroleum Council. "Things are looking a lot more promising than they did in the past," he told AFP on the sidelines of the conference, attended by more than 400 delegates from 40 countries involved in the oil and gas sector. Often referred to as the "black gold" of Africa, the continent has become a prominent player in the global oil and gas market, pushing its production to some 8.04 million barrels per day, and accounting for between seven and 11 percent of the world's total oil production.
Solutions and Sustainability U.N. Conference: Mayors' pact pledges cleaner, greener cities Glen Martin, SF Chronicle Mayors from the world's cities convened in the capacious rotunda room of San Francisco City Hall on Sunday to sign a set of 21 urban environmental accords, marking the end of the U.N. World Environment Day conference. San Francisco Mayor Gavin Newsom characterized the accords as a collective dream that pointed the way to a cleaner, greener future for the planet's cities. "The challenge is to take these (accords) and manifest them," Newsom said. "My expectation is that this is the beginning of our work together. We hold ourselves accountable." The signatories pledged to improve the environment of their cities in seven broad areas: energy, waste reduction, urban design, urban nature, transportation, environmental health and water. The U.N. conference was designed to address cascading environmental crises facing Earth's urban areas -- foul air, inadequate and polluted water, traffic gridlock, rampant development, unreliable and unsustainable energy supplies, and toxic emissions
With other forms of open spacing bringing the total of preserved land to nearly a fourth of the region's 4.5 million acres, it is still possible to keep a balance between wildland and development -- to achieve the environmental goal of "sustainability." That can be done, however, only if the region gives up the "American dream" of single-family homes in suburbia and embraces dense urban development. If it doesn't, the Bay Area's large amount of parkland will contribute to driving up already high housing costs. ...The benefit of environmental preservation versus its social and economic cost was one of the most pressing issues facing the mayors and other luminaries at this week's U.N. World Environment Day conference
After discussing reasons why you should or shouldn't give up your job, POSSUM LIVING gives you details about the cheapest ways with the best results to buy and maintain your own home, dress well, cope with the law, stay healthy, and keep up a middle-class facade--whether you live in the city, in the suburbs, or in a small town. In a delightful, straightforward style, Dolly Freed explains how to be lazy, proud, miserly, and honest, live well, and enjoy leisure. She shares her knowledge of what you do need--your own home, for example--and what you don't need--such as doctors, lawyers, and insurance. And she has a lot of realistic advice about saving money, as well as practical information about * buying a house cheaply through a foreclosure or back-tax sale Mainly, however, through her own example, she hopes to inspire you to do some independent thinking about how economics affects the course of your life now and may do so in the coming "age of shortages." If you ever wondered what it would be like to be in greater control of your own life, POSSUM LIVING will show you--and help you do it for yourself. DOLLY FREED and her father have lived outside of Philadelphia in their own house on a half-acre lot for almost five years. They produce their own food and drink and spend about $700 each per year. Dolly is 19 years old and lists her occupation as "chief possum." Someone has put this underground classic from the 70s online. The funniest and most down-to-earth introduction to the simple lifestyle I've seen. -BA |
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