From the news that a 48 year - old blogger has gone 9 years without spending money to the latest study that reveals
if peak oil is now or in 2030, we're still woefully unprepared, a lot happened this week in green.
that's slightly OT, but I argue that
if the peak oil happens now, then the real world will be out of the set of all SRES model (or out of their convex envelope, if you prefer).
That is, all these «technological fixes» that people propose are very likely to be too little and too late, due to the enormous inertia in the system,
if peak oil comes within 5 - 10 years as seems probable.
So
if the peak oil case is wrong, producing a low carbon infrastructure to avoid climate change is going to require something much more radical than leaving it to the oil price.
Changes in our consumption patterns and lifestyles will not come easily or quickly, though
if the peak oil folks are right some changes may come sooner rather than later.
This, and many other countries run on oil, and
if the Peak Oil theorists are correct, this will be a Hobsons» Choice with regards to our future food supply and where it comes from: Think Soilent Green: Yet it may look suspiciously like a twinkie or a Slim Jim processed by slaves from third world countries... Hey wait, I think I'm talking about our present food supply.
If the Peak Oil folks turn out to be right, then your «overshoot» note will quickly be substantiated.
Likewise,
if peak oil has not yet arrived, what I call the last oil shock certainly has.
Not exact matches
«So paradoxically these
peak demand fears might bring the largest supply shock ever,» he wrote, adding, «
If oil prices do not rise fast enough, $ 300
oil in a few years is not impossible».
If the quadrant with high energy demand and low technology is the world that materializes, Shell's modeling suggests, global
oil demand won't
peak until perhaps the late 2040s.
The International Energy Agency, which says that global
oil demand could
peak around 2020
if governments adopted particularly green policies, predicts that even
if it happened,
oil still would account for 23 % of total global energy in 2040, down from 32 % in 2016.
That means there's a new higher floor under
oil prices as the
peak summer demand season approaches, and it also makes the market vulnerable to a «super spike»
if there's any significant supply disruption.
So the sharp fall in
oil prices has certainly been disruptive, but stabilization from distressed trough levels should be good for economic growth even
if the price of
oil doesn't rebound back to
peak levels of above $ 100 a barrel in 2014.
If you haven't heard of «
peak oil» before, you'll be hearing a lot more about it in the coming years, because it's here.
Inflation forecasts will be revised down,
if anything automatically, as the result of lower
oil prices -LRB--37 % between the mid-November and mid-February cut - off dates) and a stronger trade - weighted currency (+5.1 % for the EUR EER - 38, although the index has eased by 3.5 % from its
peak).
If in the 1970s we had begun a program of efficient use and switching gradually to other sources of energy, «
peak oil» would remain quite far in the future and there might still be some chance to reduce global warming.
Korena says: Egg whites and meringues can be temperamental —
if there is even a trace of
oil, fat, or egg yolk in the bowl or on the beater, it can prevent the egg whites from whipping to a stiff
peaks.
If you need to lower the
oil, substitute 3/4 C of applesauce for 1 / 2C of the olive
oil and whip the egg whites to soft
peaks and blend in to lighten the texture.
If oil prices remain high and governments make progress on their emissions goals, there's a possibility that the world has already hit
peak oil, and that the next few years will see its use plateau for a while before dropping again.
And so one [of the] points I wanted to make is that is
if we're already starting to run into limits that those are going to be seriously exacerbated by the problems that we're now encountering with the shifts in weather and with the advent of
peak oil.
Global energy - related emissions could
peak by 2020
if energy efficiency is improved; the construction of inefficient coal plants is banned; investment in renewables is increased to $ 400 billion in 2030 from $ 270 billion in 2014; methane emissions are cut in
oil and gas production and fossil fuel subsidies are phased out by 2030.
If heavy
oil, deep - water, polar and natural gas liquids are considered (the «all - liquids» category), the model suggests that this
peak too is behind us, in 2008.
If you do intermittent fasting and eat one to two meals per day in a 4 - 6 hour eating window and use MCT
oil in coffee and teas during the fasting period you can
peak your ketones around 16 - 20 hours into the fast.
If you believe in scarcity, in increased third world demand, and that
oil production has
peaked, they might be worth a play.
For instance,
if you believe that global
oil production has
peaked, you might want to invest your money with a manager who loves
oil stocks even more than the index does.
I do wonder, though,
if 2012 (and possibly 2013,
if developers aren't too tied up supporting the massive projects they launched this year) is a sort of «
peak oil» period for Home as we know it.
Even
if you don't understand
peak oil production issues — or give damn — the discussions are wide - ranging, often quite technical, and extensive.
Of course,
if instead of a fear of
peak oil, the military was thinking long term of securing fuel supplies for its operations in the event of a disruption of imported fuel supplies, this might also make sense for their actions.
And regardless of what you may believe individually,
peak oil is close on the horizon and
if we don't grow up now we will be forced to grow up very quickly in the future, with much less time to handle these challenges intelligently.
I know we are at or near
peak oil production, but
if we can put it in these terms (max 20 years of
oil at current consumption rates).
I suspect that the twin threats of climate change and
peak oil, amplified by the population overshoot we are in, will mean that we have just one shot at getting our energy systems right and there is little
if any margin of error in making the right choices.
It's an ideal way to maintain control over decision - making before nature does it for us in the form of dwindling reserves like
peak oil or a permanently degraded environment (neither of which are good for business), or governments institute the tough regulations that are surely coming
if business doesn't clean up its act.
[A] paper by a former University of California Energy and Resources Group faculty member and a student now on the faculty at Stanford [«Risks of the
oil transition,» A. E. Farrell and A. R. Brandt] lays this out in a figure where each axis alone is cause for major worry, and together, the carbon intensity / barrel combined with the fact that
if unconventional
oil is now part of the resource, we have a not near «
peak oil, but are, in fact, only about 1 / 50th of the way through this resource.
I do nt know
if we have hit
peak oil yet, but it would be close, given how yields are behaving in the larger fields and the extent of water pumping required.
If we truly are to confront global warming, the approach of
peak oil, and a host of looming problems, then, as Lester Brown has suggested, «The challenge is to redesign communities, making public transportation the center - piece of urban transport and making streets pedestrian and bicyle friendly.»
I asked Levi
if he could offer a «Book Report» to start a conversation here on Yergin's arguments, which have made the energy analyst a popular target of people foreseeing turmoil from «
peak oil.»
Unfortunately,
if the majority can agree that AGW and
peak oil are acute problems which need to be addressed, then conservation and «life style» sacrifice are going to have to be the largest contributors to the solution space.
Even
if you trim off the ends of the curve of squalor and overindulgence, you end up with a huge energy gap, which may already be what is helping drive up
oil and coal prices (keep in mind most experts on fossil fuels I talk to see no signs of «
peak coal» any time soon).
If carbon taxes / caps and
peak oil are inevitable, as it now seems, then railroad expansion is written in stone as well.
Perhaps the worst aspect of these technical «solutions» is that they give a de-facto green light to continue to put more CO2 into the atmosphere, Since
oil production is expected to
peak within decades
if not sooner, nations will turn more and more to coal, which as Figen pointed out in an earlier post is a very dirty fuel.
If we truly are to confront global warming, the approach of
peak oil, and a host of looming problems, then, as Lester Brown has suggested, «The challenge is to redesign communities, making public transportation the center - piece of urban transport and making streets pedestrian and bicycle friendly.»
You couldn't be more right, Andrew, with the following statement: «
If we truly are to confront global warming, the approach of
peak oil, and a host of looming problems, then, as Lester Brown has suggested, «The challenge is to redesign communities, making public transportation the center - piece of urban transport and making streets pedestrian and bicycle friendly.»»
My dear taust, you can deny climate change for as long as you like, but
if oil production
peaks it will be undeniable.
IMO, its impossible to know
if oil has
peaked or not.
If Keystone is approved, our self - reliance on North American energy will increase and fear of «
peak oil» will recede.
U.S.
oil demand is now seen as having
peaked in 2005, and
if additional climate - friendly policies are put in place it is expected to decline further.
If and when
peak oil and
peak gas are in sight, this may stimulate the biofuel market, which currently is not well motivated given today's plentiful supplies of
oil and gas.
There is speculation that this rate will slow based on extrapolation of population,
peak oil and gas, etc., and that may well be, but it is interesting nonetheless to calculate when the mass of Earth's atmosphere will equal that of Venus
if it doesn't.
If TCR / ECS are lower than assumed by IPCC experts, and if we use resource limits on oil, gas and coal (rather than using the hyper cornucopian figures used in RCP8.5), then the market, emerging technology driven by higher fossil fuel prices will reduce emissions to have concentration peak at ~ 630 ppm (that's a rough estimate
If TCR / ECS are lower than assumed by IPCC experts, and
if we use resource limits on oil, gas and coal (rather than using the hyper cornucopian figures used in RCP8.5), then the market, emerging technology driven by higher fossil fuel prices will reduce emissions to have concentration peak at ~ 630 ppm (that's a rough estimate
if we use resource limits on
oil, gas and coal (rather than using the hyper cornucopian figures used in RCP8.5), then the market, emerging technology driven by higher fossil fuel prices will reduce emissions to have concentration
peak at ~ 630 ppm (that's a rough estimate).
If the accuracy you require is, for instance, that a national
peak oil model must predict the date of the
peak within several months and be precise to the nearest 1,000 bbl / day, then indeed all predictions have failed and will continue to do so.