Monday 24 December 2012

World energy decline

Courtesy of Rice Farmer here is just two days' stories from all over the world that testifies to energy decline.

Peak oil and other energy stories

I've said again and again that renewables aren't going to save industrial society, and that we aren't going to segue into a Glorious Technological Future powered by wonder gadgets that use no fossil fuels. It's a matter of low energy density, and hence too little bang for the buck. -- RF

"China National Petroleum Corp (CNPC) has emerged as the frontrunner to take over Iraq's West Qurna-1 oilfield from Exxon Mobil, a move that would diminish Western oil influence in Iraq a decade after the U.S.-led invasion."

"The Ministry of Petroleum and Natural Resources has categorically said that it will not allow supply of gas to power companies for increasing electricity production, if the firms have no money to make payments for the fuel, officials say."

"Crude marketers need to convince refiners their oil is worth paying a premium for and to undertake expensive investments to be able to process it."

Iraq was going to hit 12 mbpd and become the new Saudi Arabia in a few years. It will never happen. -- RF

"Anti windfarm campaigners in Sutherland say they are not surprised by new research which has found that many costly onshore turbines are wearing out prematurely. Data collated in the UK and Denmark suggests they last between 10 and 15 years – and not the '20 to 25 years' projected by the industry."

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