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Canadian crude oil production to increase 3300% by 2100
Andrew Leach, Rescuing the frog
I’ve read a lot of wild exaggerations in the debate surrounding the oilsands, and specifically around the Keystone XL pipeline, but I think this study from the Center for Global Development takes the cake. The study, in effect, equates 21% of the effects of climate change due to projected global emissions between now and 2100 to oilsands development. No, really – here’s the direct quote:
The Alberta Energy Resources Conservation Board currently estimates the deposit’s potential yield at 1,804 billion barrels of crude oil (AERCB 2011). For this analysis, I assume that the entire deposit will be mined and the extracted crude oil burned by 2100. Using standard conversion factors, full combustion would produce an atmospheric release of 209 gigatons of carbon, which would in turn raise the atmospheric CO2 concentration by 99 parts per million.2 This is 21.3 percent of scenario A2’s projected global increase of 464 ppm by 2100.
So, let’s put some of these numbers into perspective. In order to extract and burn 1.8 trillion barrels of oil between now and 2100, you’d need average production of 54 million barrels per day. That’s more than the combined production of OPEC, Russia, Canada, the US, Mexico, and the United Kingdom. It’s 6 times current Saudi Arabian production. Current Canadian oilsands production is 1.7 million barrels per day. Despite this, somehow the authors feel comfortable assuming, for the sake of illustration, that Canadian production might average 3300% above today’s levels between now and 2100 – a sustained rate of annual production growth of 25.2% per year...
(3 January 2012)
Burning Oil to Keep Cool: The Hidden Energy Crisis in Saudi Arabia (report)
Glada Lahn and Paul Stevens, Chatham House
A new report from Chatham House.
A perilous and crucial quest - video interview with Daniel Yergin
The author and policy advisor on peak oil, shale gas and how climate change will impact where people get their energy from.
(5 January 2012)
The interviewer isn't exactly pushing Yergin here, a soft touch interview if ever there was one. - SO
Brazil, short of biofuel, can't open spigot to US
Inae Riveras, Reuters
For three decades, the U.S. government sought to protect American corn farmers and ethanol makers from a feared flood of Brazilian imports by imposing a tariff that had the South American country crying foul.
But as the contentious tax finally expires at year-end, American farmers' fears of being swamped by sugar-based tropical biofuel seem unfounded. With Brazil's ethanol industry struggling to meet booming local demand, it's U.S. producers instead who are shipping millions of gallons to the south.
Three factors have converged to push Brazil's ethanol distilleries to the limit. Sugarcane production fell this year for the first time in a decade, reducing supplies; global demand for sugar has remained strong; and domestic motor-fuel demand has surged, straining local gasoline and ethanol supply.
Brazilian ethanol demand outstrips supply by nearly 25 percent, according to Reuters and industry data. It may take more than two years for new investment to correct the imbalance, delaying Brazil's predicted emergence as a "biofuel Saudi Arabia"...
(30 December 2011)