pickens believes peak oil is upon us: 'when the demand is greater than the supply, the price has to go up until it kills demand' | ecology news at abelard.org
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pickens believes peak oil is upon us: “when the demand is greater than the supply, the price has to go up until it kills demand”

Boone Pickens is a major mover in the oil industry. He is already ahead of the curve, and investing in one of the world’s largest wind farms on his extensive Texas land.

“ "I do believe you have peaked out at 85 million barrels a day globally," Pickens, who heads BP Capital hedge fund with more than US$4 billion under management, said during testimony to the Senate Energy and Natural Resources Committee.

“The United States alone has been using "21 million barrels of the 85 million and producing about 7 of the 21, so if I could take just a minute on this point, the demand is about 86.4 million barrels a day, and when the demand is greater than the supply, the price has to go up until it kills demand," Pickens told lawmakers.”

As will be known, this accords with my own reading of the oil markets and economics.

As Pickens correctly states, the oil price rise does not have anything to do with traders or ‘speculators’. This, despite the foolish or venal claims of politicians and commentators.

the web address for the article above is
https://www.abelard.org/news/ecology0805.php#boone_pickens_180608





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corporate food

“The figures are staggering. Wal-Mart currently dominates the global grocery trade with profits reckoned by the UN at the start of the century to be 'bigger than the gross domestic product of three quarters of the world's economies'. Today those profits have doubled. Five companies control 90 per cent of the global grain supply. The world tea market is in the hands of three. Eighty-one per cent of American beef belongs to four giant processing companies. None of these companies is answerable for what they do to anyone but themselves. They are ruthlessly anti-competitive, largely above the law, and more than able to impose their own, often ruinous conditions on the countries that supply them.

“Commerce permits no deviation from corporately determined norms. Ninety per cent of milk in the US now comes from a single breed of cow, and the same proportion of commercial eggs from a single breed of hen. British supermarkets have reduced well over 2,000 varieties of locally grown apple for all practical purposes to two (Bramley and Cox). This kind of industrial concentration makes the food chain permanently vulnerable to contamination, disease or terrorism ('I, for the life of me, cannot understand why the terrorists have not attacked our food supply,' said the former US Health Secretary in 2006, 'because it would be so easy to do'). It also means that whole species of animals and plants face imminent extinction.”

related material
land conservation and food production
comparing fertility rates and populations in europe and beyond

the web address for the article above is
https://www.abelard.org/news/ecology0805.php#corporate_food_150608

plug-in points in london

Recognising the necessary change in vehicle fuel sources, electric power points for recharging electric vehicles are now being installed in parts of London.

“The Clear Zones aim is to use partnership working between Central London Authorities to reduce congestion, air and noise pollution and improve the urban realm; the partnership uses innovative technologies and sustainable transport measures to achieve this aim. The newride website is one of a number of inter-related projects supported by the Partnership.”

Electric plug-in points for vehicles in London. Image: newride.org.uk
Electric plug-in points for vehicles in London. Image: newride.org.uk

related material
motoring economics usa - second-hand hybrids rising in price
transportable fuels
Fuel cells and battery-powered vehicles

the web address for the article above is
https://www.abelard.org/news/ecology0805.php#plugin_points_london_060608

measuring temperatures - differences in method led to differences in temperature

This news item has been incorporated into gathering data to test global warming briefing document.

the web address for the article above is
https://www.abelard.org/news/ecology0805.php#measuring_temperatures_020608

carbon cap and trade picks up momentum in the usa

A short article and recommended reading.

“A climate-change bill that has widespread support as it heads to the Senate floor will create an estimated $150 billion of new assets in the first year it takes effect. Between now and 2050, regulating greenhouse gases could easily generate $3 trillion worth in value in the United States.”

“In part, the debate over how to allocate the $150 billion worth of permits (in year one, remember) depends on whether you think rising electricity prices are a good or a bad thing.”

“Author and activist Peter Barnes has put forward a simple plan called cap-and-dividend (see www.capanddividend.org.) He would auction all of the permits and then return all of the proceeds to the American public, in the form of per capita grants. Among other things, he says, this would keep the government out of the picture and build broad political support for a climate-change bill.

“There's no avoiding the energy price rise, unfortunately," Barnes says. "That is the medicine we need to swallow. But to quote Mary Poppins, a spoonful of sugar helps the medicine go down." ”

Several variations of legislative bills are presently under consideration.

the web address for the article above is
https://www.abelard.org/news/ecology0805.php#carbon_cap_230508

the industrial destruction of fish stocks

“ 'Quite simply,' Roberts says, 'agreements and deals brokered by politicians will never be satisfactory. They always look for the short-term fix.' He and his team at York University did a survey of the last 20 years of EU ministerial decisions on fish catches and found that, on average, they set quotas for fishing fleets 15 to 30 per cent higher than those recommended as safe by scientists.

“ 'What that figure doesn't tell you is that often, for less threatened species like mackerel or whiting, they have set quotas 100 per cent higher than the science recommended. So, in their efforts to pacify the industry, they are bringing populations that could be sustainably fished into the risk zone,' he said.”

And more of the dismal catalogue.

related material
tragedy of the commons

the web address for the article above is
https://www.abelard.org/news/ecology0805.php#fish_destruction_200508

free designs for building your green house

Artist's sketch - four-bedroom family house. Image: freegreen.com    Artist's impression of two-bedroom loft home. Image: freegreen.com
Artist’s impressions of “Healthy Family” - a four-bedroom house, and
“Suburban Loft” - a two-bedroom, open-plan home

“Free Green Benefits

“* Explore our free house plans and find the right design for your lifestyle.
“* Customize your house plan with help from our experts.
“* Share your experience and learn from others on the FreeGreen Blog.”

Marker at abelard.org

“FreeGreen would not exist without paid placement from product manufacturers. In order to avoid product bias, we present every product and material in a fair and clear light. Users can see ratings from established third-party green certification programs such as LEED and NAHB for each product (good or bad), or research performance through our energy modeling reports. Our goal is to show you a multitude of material and product possibilities through various lenses, including quality, health, and energy performance.” [Quoted from FreeGreen About page]

Note that you have to register and log in to be able to download house plans.
Plans for “Simple Value” and “Californian Casual” houses are being prepared.

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eco-building

 

the web address for the article above is
https://www.abelard.org/news/ecology0805.php#free_green_150508

a sandals approach to peak oil

An article for the bored or the severely uninformed.

“Thus, when the price of oil rises, Hopkins cheers. "It's like a racehorse owner cheering his horse. The things I want to see happen only happen in times of high oil prices. In the 70s, there was the most incredible flowering of creativity. Solar power, permaculture - they all started in the 70s. Then cheap oil came back, and everything went out of the window. High oil prices will stimulate creativity all over again: the knock-on of rising food prices will make it more cost-effective to grow food here; the higher cost of petrol in your car will make you ask if it's worth making the journey." The bonus is that, as we burn fewer fossil fuels, emissions will be reduced and climate change might be slowed.”

related material
land conservation and food production

the web address for the article above is
https://www.abelard.org/news/ecology0805.php#peak_oil_090508


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