Why Peak Oil Might Matter  

Posted by Big Gav in

While the mainstream press has lost interest in peak oil these days, Michael Levi at the CFR is suggesting it might be premature to forget about it completely = Why Peak Oil Might Matter.

Peak oil has never been a popular theory among market analysts. After all, the peak has been prophesied repeatedly, but still hasn’t come to pass. Time after time, new areas have been opened to development and new technologies have come to the fore, putting off the peak for another day.

Yet the specter of peak oil has had beneficial consequences. In recent years, fears of peak oil energized efforts to improve efficiency and promote alternatives. The threat of peak oil was conflated with the risk of dangerous climate change, encouraging more people to support policies that tackle greenhouse gas emissions. Many of these actions were valuable even if their impetus was unsound: greater efficiency and more abundant alternatives are largely good economic and security news, and smart climate policies are good for the environment.

So perhaps we should be at least a little worried that booming U.S. oil production, along with discoveries elsewhere in the world, seems to be killing off the peak oil narrative. Don’t get me wrong: better understanding of our energy predicament is generally a good thing. But it’s difficult to escape the conclusion that there are some troubling wrinkles here. In particular, I’ve recently heard more than one European analyst emphasize how important the specter of peak oil was in pushing Europe to diversify its energy supplies and improve its energy efficiency. But now, they say, the shale oil boom has helped kill that meme. The upshot, they fear, is that interest in climate and efficiency policies — some of which were foolish but many others of which were valuable — are weakening.

0 comments

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (604) global warming (381) solar power (365) peak oil (335) renewable energy (228) electric vehicles (210) wind power (181) ocean energy (160) csp (153) geothermal energy (143) solar thermal power (140) smart grids (139) tidal power (135) coal seam gas (129) nuclear power (125) oil (123) energy storage (122) solar pv (119) lng (114) geothermal power (112) china (111) iraq (111) green buildings (107) natural gas (106) agriculture (87) oil price (79) biofuel (77) smart meters (72) wave power (70) electricity grid (66) uk (66) energy efficiency (63) coal (57) google (57) internet (51) bicycle (49) shale gas (49) surveillance (49) food prices (48) big brother (47) thin film solar (42) canada (40) biomimicry (39) scotland (38) ocean power (37) politics (37) new zealand (35) shale oil (35) air transport (34) algae (34) water (34) concentrating solar power (32) queensland (32) california (31) credit crunch (31) saudi arabia (31) bioplastic (30) offshore wind power (29) population (29) tesla (29) cogeneration (28) geoengineering (28) arctic ice (26) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) economics (22) limits to growth (21) carbon tax (20) coal to liquids (20) distributed manufacturing (20) indonesia (20) iraq oil law (20) lithium (20) origin energy (20) brightsource (19) buckminster fuller (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) exxon (17) michael klare (17) cellulosic ethanol (16) collapse (16) electric bikes (16) mapping (16) ucg (16) atlantis (15) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) iceland (15) psychology (15) brazil (14) fertiliser (14) lithium ion batteries (14) al gore (13) ambient energy (13) biodiesel (13) bucky fuller (13) carbon emissions (13) cities (13) investment (13) kenya (13) matthew simmons (13) public transport (13) biochar (12) chile (12) internet of things (12) otec (12) texas (12) victoria (12) cradle to cradle (11) desertec (11) energy policy (11) hybrid car (11) terra preta (11) amory lovins (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) tinfoil (10) toyota (10) volt (10) afghanistan (9) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) pge (9) sweden (9) antarctica (8) arrow energy (8) big oil (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) methane hydrates (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) bolivia (7) chp (7) climategate (7) copenhagen (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) scenario planning (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)