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| How then, do we move backwards? How does a society, with most of the people having no clue of future events, move from being dependent on a vast and intertwined network of goods and services produced by the indigenous people of whereever, to a local resource and renewable energy based society, and do so in the timeframe available (20-30 years using the most liberal extimates, 10-20 with resonable estimates, 5-10 with worst case scenarios), all the while prices on everything increasing, world politics getting more militaristic, governments continuously reducing civil liberties, shortages of goods on the market and weather patterns resembling bad Hollywood movies?
kpeavey
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| Russia sees oil output stalling |
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 Russian oil output growth is unlikely to exceed 2.2% next year and will slow to under 1% by 2011, the government said today, confirming earlier forecasts of a slowdown in production growth.
Falling oil production in Russia has become a major concern for the government, which relies heavily on export revenues.
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| Russia: There Is Life After Peak Oil |
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| clv101 writes: The Soviet Union was a victim of its internal peak oil - a 43% decline in domestic oil production between 1987 and 1996. However Russia has pulled off a major feat in recovering from peak oil. How did the Russians manage to find life after peak oil?
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| Oil exploration — a lot of looking, not much finding |
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| I discussed the short-term weakness in oil prices. Let’s discuss the long term. Oil is headed back up, for all the familiar reasons.
Really, it’s not like anyone is finding new large oil deposits out in exploration land. Indeed, a whole lot of looking is leading to not very much finding in the exploration patch.
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| vox_mundi writes: Russia's military actions in Georgia could jeopardize commercial natural gas deals with Russia, Prime Minister Stephen Harper hinted yesterday.
Gazprom announced in May it was joining Enbridge, GazMetro and Gaz de France in developing an $840-million liquefied natural gas project in Quebec that's scheduled to go ahead in 2014.
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| OPEC, peak oil and the end of cheap gas |
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| Since the beginning of the modern oil age in 1859, pessimists have warned that the oil wells would soon dry up or that oil production would peak and not be able to keep up with ever-increasing demand. Again and again, the pessimists have been proven wrong, often embarrassingly so, as science and technology have allowed more oil to be extracted from existing fields and from deposits in more challenging locations such as the Arctic and the deepest waters of the continental shelf. Indeed, oil production rates have increased, on average, by about 1.1 million barrels per day per year over the past 10 years.
But in many oil-producing nations, oil-field production really has peaked due to depletion of resources. This includes large producers such as the United States, Britain, Norway, Mexico, and Russia, and small producers such as Indonesia, Argentina, and Australia. Moreover, new oil field discoveries are generally getting smaller and more inaccessible.
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| Microorganisms That Convert Hydrocarbons To Natural Gas Isolated |
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ScienceDaily (Aug. 19, 2008) — When a group of University of Oklahoma researchers began studying the environmental fate of spilt petroleum, a problem that has plagued the energy industry for decades, they did not expect to eventually isolate a community of microorganisms capable of converting hydrocarbons into natural gas.
The researchers found that the groundbreaking process—known as anaerobic hydrocarbon metabolism—can be used to stimulate methane gas production from older, more mature oil reservoirs like those in Oklahoma. The work has now led to the recognition that similar microorganisms may also be involved in problems ranging from the deterioration of fuels to the corrosion of pipelines.
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There are some things most people today know about oil.
* Global oil output is going to plummet
* Prices are going to rise forever
* The transition to alternative energy will be long and painful
* There will be more `oil wars' and industrial civilization may collapse
* Oil and gas will cause catastrophic climate change
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| Japan to Trial Frozen Gas Output in Pacific in 2012 |
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| Japan plans to start trial drilling in 2012 to extract frozen natural gas buried under the seabed and test if the methane hydrate is a viable next-generation fuel.
The government will lead test production of the frozen methane in an ocean trench called the Nankai Trough about 30 miles (50 kilometers) off the coast of the country's main Honshu Island, according to a document distributed at a trade ministry panel meeting in Tokyo today. Japan will extend by 2 years a 16- year frozen methane project started in 2001 to find out if the fuel is suitable for commercial production.
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| As Oil Giants Lose Influence, Supply Drops |
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| ...Sluggish supplies have prompted a cottage industry of doomsday predictions that the world’s oil production has reached a peak. But many energy experts say these “peak oil” theories are misplaced. They say the world is not running out of oil — rather, the companies that know the most about how to produce oil are running out of places to drill.
“There is still a lot of oil to develop out there, which is why we don’t call this geological peak oil, especially in places like Venezuela, Russia, Iran and Iraq,” said Arjun Murti, an energy analyst at Goldman Sachs. “What we have now is geopolitical peak oil.”
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| OPEC likely to cut oil production |
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| LONDON • The Organization of Petroleum Exporting Countries may decide to cut the cartel’s oil output quota as the price of crude risks falling under $100 a barrel, energy consultancy CGES said yesterday.
“The worsening economic outlook suggests that oil prices have further to fall, but OPEC, whose members are due to meet in early September, may act to prevent them from falling too far,” the Centre for Global Energy Studies said in its latest monthly report.
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| Energy: Will Coal Liquefaction Be The Answer? |
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Coal liquefaction is a process that has been around for a long time. Although relatively unfamiliar in the American energy vocabulary, it dates back to 1923 when German scientists developed the Fisher-Tropsch process for converting coal into the liquid fuels of gasoline and diesel. The process was used extensively by Nazi Germany during World War II. It came into its most extensive use when South Africa faced a world oil embargo during that nation's political practice of racial apartheid in the latter part of the last century.
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| Storm Fay unlikely to disrupt offshore production |
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HOUSTON (Reuters) - Tropical Storm Fay is unlikely to disrupt oil and natural gas production in the Gulf of Mexico, offshore operators said on Monday.
Instead of heading toward the U.S. offshore oil patch, the storm is forecast to enter the far southeastern Gulf of Mexico before striking Florida as a hurricane on Tuesday.
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| Peak Oil Review - August 18 |
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1. Production and Prices
2. Oil from the Caspian
3. Chinese Demand
4. Briefs
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| Peak Oil Now? If so, Oil Prices Not Likely to Decline--Ever |
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| There has been a lot of talk in recent years about "peak oil" - defined as the point where the maximum amount of oil that can be recovered is being pumped. After that, oil becomes increasingly scarce and expensive.
If sticker shock at the gas pumps hasn't convinced you, talk to Dr. Darrel Schmitz, head of the Department of Geosciences, Mississippi State University.
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| Vital oil route 'set to reopen' |
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| vox_mundi writes: A vital oil pipeline from the Caspian Sea oilfields, through Georgia, to Turkey's west coast is set to reopen soon, according to Turkey's energy minister.
The Baku-Tbilisi-Ceyhan (BTC) line, the world's second-longest pipeline, was closed down on August 5 after an explosion in a pump at a section in eastern Turkey sparked a fire.
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