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oil supply projections
What Economists Missed: Why World Coal Consumption Keeps Rising
In a situation of constrained oil supply, if a country reduces its oil consumption, it doesn’t mean that more oil will be left in the ground. Instead, the oil saved goes back on the world oil market (perhaps at a slightly lower price) and is bought by someone else who can make better use of it. So why do we insist that we can replace coal so easily?[read more]
New IMF Working Paper Models Impact of Oil Limits on the Economy
The International Monetary Fund (IMF) recently issued a new working paper called “The Future of Oil: Geology versus Technology” (free PDF), which should be of interest to people who are following “peak oil” issues. It considers two different approaches for modeling future oil supply: an economic/technical approach and a geological approach.[read more]
Remaining oil reserves
I find it astonishing how few people realize what predictions like this one (Gulf Times: Oil reserves ‘sufficient for 42 years’) really mean: The proven global oil reserves of 1,258bn barrels, excluding Canadian oil sands, are enough for 42 years at the 2008 production rates, a BP review said. On the same basis, global gas reserves are...[read more]
IEA: Bush’s puppet?
My letter to the IEA Press Office, sent just moments ago: I would like to know what the IEA’s official response is to a story that’s just starting to make its way around the Internet regarding the Bush Administration stopping the IEA from updating its projections until after this November’s US presidential election. I ran into this...[read more]
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Scott Edward Anderson is a consultant, blogger, and media commentator who blogs at The Green Skeptic. More »
Christine Hertzog is a consultant, author, and a professional explainer focused on Smart Grid. More »
Gary Hunt Gary is an Executive-in-Residence at Deloitte Investments with extensive experience in the energy & utility industries. More »
Jesse Jenkins is a graduate student and researcher at MIT with expertise in energy technology, policy, and innovation. More »
Jim Pierobon helps trade associations/NGOs, government agencies and companies communicate about cleaner energy solutions. More »
Geoffrey Styles is Managing Director of GSW Strategy Group, LLC and an award-winning blogger. More »
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“Nuclear power absolutely has an excellent chance for a place at the table, but it has to address the current industry environment. The last round of plants only began to look attractive when they finally were in the hands of competent operators and had been fully amortised or acquired cheaply. As Excelon and Duke have both publicly noted, large new nukes require assurance of stable gas prices in ...”
“Seeking comes before finding. Established industry leaders are not seeking. They have an inventory of the old stuff and customers who want business as usual, so what's the motivation for finding new answers? New is bad. Wall Street accounting punishes expenditures for R&D and rewards managers who cut costs. Government is staffed by industry experts and trainees ...”