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Archive for Peak Oil

Rising Temperature, Sea Level On Track to Wipe Out Major World Cities Former Shell Exec Tells UN

Global community risks catastrophic sea level rise if current fossil fuel and c02 emissions stay on trackConsensus among the world’s leading climate scientists has established a 2°C rise in global mean temperature as the tipping point for runaway climate change, but even that could result in catastrophic rises in sea level of as much as 6-7 meters (23 feet), energy expert Ian Dunlop and policy planner and scholar Tapio Kanninen told audiences at packed meetings and panel discussions at UN headquarters in New York City organized by the Finnish Mission to the United Nations, the Club of Rome, the Temple of Understanding and the UN Department of Economic and Social Affairs.

Sea level rises of 6-7 meters would wipe out coastal cities, including London, New York, Shanghai and Tokyo, and that’s even if we could somehow manage to limit global average temperature rise to 2°C this century, Dunlop and Kanninen told shocked audiences at the UN, according to a Club of Rome report. Read More→

A Glass Ceiling on Economic Recovery: Peak Oil in 2014-2015

Spindletop, Texas, 1902

As per the contention of Peak Oil proponents, the economics of oil supply and demand will act as “a glass ceiling” to economic recovery, hastening demand for alternative energy sources sooner than many expect, according to a new study released by the New Economics Foundation (NEF).

“Sustained high oil prices and price spikes will have a significant impact on the economy,” with global energy demand on the rise and oil production slowing, according to NEF’s, The economics of oil dependence: a glass ceiling to recovery: Why the oil industry today is like banking was in 2006, which is available free for download on the UK’s independent think tank’s website.

The economic threat this poses is as real and of a magnitude akin to that of the banking crisis that occurred in the middle of the past decade, the NEF report authors contend:

“Without bold and imaginative action, the consequences will cast a shadow on generations to come. Unemployment, underfunded essential services, recession, and depressed and crippled economies provide daily reminders of what the future will hold.” Read More→

House Republicans’ Energy Policy Delusions

House Republicans have been lambasting President Obama, asserting that it’s the president’s “all of the above” energy policy for rising gasoline and fuel prices. Nothing could be further from the truth, as the Obama administration has pointed out that US oil and gas production has actually increased during his first term. Apparently, House Republicans don’t know the basics when it comes to how prices are set in a global oil market, or the dynamics and mechanics of oil exploration and production in the 21st century.

Interior Secretary Ken Salazar recently went so far as to say that House Republicans “are deluded if they believe expanded oil and gas drilling will bring lower gas prices or energy independence,” E&E News reported April 24.
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Enviro News Wrap: UK Cod Fisheries Collapse; Outlook for Global Climate Treaty; No Fracking in France, and more…

The Latest Environmental News HeadlinesGlobalWarmingisReal contributor Anders Hellum-Alexander wraps-up the climate and environmental news headlines for the past week:

Enviro News Wrap: Rick Perry – an American Idiot? Keystone Pipeline Gets State Dept. Thumbs-up; The Economics of Declining Oil, and more…

The Latest Environmental News HeadlinesGlobalWarmingisReal contributor Anders Hellum-Alexander wraps-up the climate and environmental news headlines for the past week: