Turkmenistan, Nabucco, Azerbaijan, and Russian natural gas
Posted by Heading Out on November 7, 2009 - 10:25am
Topic: Supply/Production
Tags: azerbaijan, gas supply, geopolitics, nabucco pipeline, natural gas, russian natural gas production, turkmenistan [list all tags]
Robert Cutler has an interesting article in Gundogar recently in which he asks, concerning the recent articles questioning the size of Turkenistan’s gas reserves “Who stands to gain?” from the imbroglio. His conclusion is that it is likely the Russians, and certainly not the Turkmen.
The story, in brief, is that after a steadily rising projection of the size of the gas reserves in the country, the Turkmen President called in a Western auditing firm to look over the books and validate that the projections were real. The British firm, Gaffney Cline & Associates, came, looked at two fields, South Yolaton and Yashlar and certified, a year ago that they held probably 6 and 0.7 Tcm each. To put this in context, it would make South Yolaton the fourth or fifth largest gas field in the world, and would mean that Turkmenistan might have reserves as large as 80% of those reserves in the entire Russian nation. Turkmenistan is currently getting its gas from the Dovletabad field and it is this that was supplying natural gas to Russia and points west prior to April this year.
Finite Resources: One Possible Explanation for the Energy Crisis
Posted by Rembrandt on November 7, 2009 - 10:15am
Topic: Economics/Finance
Tags: bubble, credit crunch, deflation, economy, energy, financial crisis, housing bubble, limits to growth, resources [list all tags]
Finite Resources: One Possible Explanation for the Financial Crisis from Rembrandt Koppelaar on Vimeo.
Drumbeat: November 7, 2009
Posted by Leanan on November 7, 2009 - 10:12am
Topic: Miscellaneous
Collapse Director Chris Smith on His New Doc and the Impending Fall of Civilization
My opinion on these issues changes on a daily basis. This film made me think about these issues and to try to educate myself. And I discovered that there’s a huge number of scientists and scholars that fall on both sides of every issue that Michael talks about. The conclusion I’ve since come to is that no one really knows anything. Some think we’re headed for another crash, some people think that the market will continue to recover. There was a huge meeting on peak oil in Denver recently and so many articles came out of that. Different Ph.D.'s and industry experts say that we’re at this point in history where oil may have passed its peak. But then there was an article in the New York Times a month ago or so that was very convincing, and it said that we might actually have endless resources. I know a lot more about it than I did going into it, but I haven’t formed any conclusions.
Dr. Albert Bartlett's "Laws of Sustainability"
Posted by Gail the Actuary on November 6, 2009 - 10:15am
Topic: Environment/Sustainability
Tags: albert bartlett, sustainability [list all tags]
At the Denver ASPO conference, I had the good fortune to meet Dr. Albert Bartlett. Afterward, Dr. Bartlett e-mailed me some material he had written over the years. The "Laws of Sustainability" were included in this material. They are part of Al Bartlett's contribution to the anthology The Future of Sustainability by Marco Keiner, published in 2006. The document by Dr. Bartlett from which these were excerpted can be found here.
LAWS OF SUSTAINABILITY
The Laws that follow are offered to define the term "sustainability." In some cases these statements are accompanied by corollaries that are identified by capital letters. They all apply for populations and rates of consumption of goods and resources of the sizes and scales found in the world in 2005, and may not be applicable for small numbers of people or to groups in primitive tribal situations.
These Laws are believed to hold rigorously.
The list is but a single compilation, and hence may be incomplete. Readers are invited to communicate with the author in regard to items that should or should not be in this list.
First Law: Population growth and / or growth in the rates of consumption of resources cannot be sustained.
Drumbeat: November 6, 2009
Posted by Leanan on November 6, 2009 - 10:05am
Topic: Miscellaneous
IAN: Well I do subscribe to the theory of peak oil. But again, I think the demand for oil is going to drop precipitously. Simply because no one’s gonna be working. Again if we use the idea that 45% of the U.S economy is going to be halted. That means essentially that the same kind of oil demand is the percentage dropping oil demand is also going to occur in the United States. And we are only picking on the United States because she has the largest economy in the world but we are all going be in be in the same boat.So the whole world economy is going to drop by that kind of percentage.
TRACE: But not necessarily a precipitous enough drop that we could see 90% of the earth’s population washed away in this winter because of unsustainability?
IAN: Well, you are not going to see that because, as you know, there is a significant part of the world’s population who basically do not have anything anyway. If we go into Africa, or huge parts of China, India, etc. even though they are emerging nations they still have a large percentage of the population that are extremely poor.
EROWI - energy return of water invested
Posted by Ugo Bardi on November 5, 2009 - 10:15am in The Oil Drum: Europe
Topic: Environment/Sustainability
Tags: energy, eroei, eroi, water [list all tags]
Energy Return of Water Invested (EROWI). From an article by Robert Service in Science Magazine. The data in the table originate from "Energy demands on water resources",report to the congress, 2006 link.
What "Lower Consumption" Means
Posted by Nate Hagens on November 5, 2009 - 10:06am in The Oil Drum: Campfire
Topic: Demand/Consumption
Tags: consumption [list all tags]
Note from the author (Dan Allen): As a high-school teacher, I wanted to give my thoroughly-industrial, suburban-NJ students a more detailed peek at their upcoming post-industrial future. I felt the need to challenge their prevailing mindsets regarding our resource-depletion predicament: the “shorter showers & change the light-bulbs” crowd, the “engineers will surely come to our rescue” folks, and the “problem? -- what problem?” people. This essay and the before/after comparison chart that follows are part of my ongoing (unsanctioned) attempts at doing so.
Drumbeat: November 5, 2009
Posted by Leanan on November 5, 2009 - 9:30am
Topic: Miscellaneous
Kunstler: It's Time to Rebuild Our Passenger Railroad System
The world economic fiasco, which I call "The Long Emergency," may be speeding us into a future of permanent nostalgia in which anything that is not of the present time looks good.I say this to avert any accusations that I am trafficking in sentimentality where the subject of railroads is concerned. For the moment, any suggestion that a railroad revival in America might be a good thing is generally greeted as laughable for reasons ranging from the incompetence of Amtrak, to the sprawling layout of our suburbs, to our immense investment in cars, trucks and highways -- motoring culture now overshadowing all other aspects of our national identity.
More natural gas controversy
Posted by Gail the Actuary on November 4, 2009 - 10:14am
Topic: Economics/Finance
Tags: arthur berman, natural gas, oil [list all tags]
Monday, November 2, Arthur Berman wrote in his blog:
Pressure from Petrohawk helps cancel World Oil column
In an act of extraordinary courage, a top Petrohawk executive threatened to cancel his free subscription to World Oil if the magazine continued to publish my column. Today, John Royall, President and CEO for Gulf Publishing, cancelled my November column.
I have accordingly resigned as contributing editor.
Heading Out (Dave Summers) and I have been talking about the issues Arthur Berman raises for quite a while now. Most recently, Dave wrote a post called Shale Gas Estimates Perhaps Optimistic - An Interesting and Worrying Talk at ASPO.
So what are the issues involved?
Drumbeat: November 4, 2009
Posted by Leanan on November 4, 2009 - 10:00am
Topic: Miscellaneous
World Need for Oil Expected to Ease: International Energy Agency Says Conservation Efforts Will Trump Any Global Economic Recovery
The International Energy Agency next week will make a "substantial" downward revision to its long-term forecast for global oil demand, a person familiar with the matter said, marking the second year running the group has slashed its view of the world's thirst for oil.The forecast of slower growth in oil demand puts the IEA increasingly in a camp of contrarians bucking the popular view that crude demand will grow briskly in a postrecession world. That view holds that long-term demand will grow at a fast clip because of rising emerging-market wealth and consumption in places like China and India.
...A person familiar with the Paris-based IEA's plans said "demand-management policies" are having more impact than previously expected in the developed world, which accounts for about 55% of world oil consumption. The IEA outlook, a guidepost for industry trends, is scheduled to be released Nov. 10.


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