Last month the French magazine Science et Vie [Fr] dedicated a series of articles to the earthquake risks induced by dams, mines, oil drilling and geothermal power. You might think that these activities are without seismic risk. But to their findings, around 200 earthquakes have been triggered by human activities so far. This can be […]
Are we making earthquakes worse ? Read More »
I came across interesting data last week : Americans consume more than two times more oil per capita than Europeans. As we will see, this can be explained by three factors. Bringing oil consumption per capita to European levels would enable the USA to be independent from foreign oil, save a lot of money, create
Solutions to cut US dependance on foreign oil Read More »
To this article of the Oil Drum world oil production peaked in 2008. Even if there is no 100 percent certainty, such a fact could represent another sign of the end of the world as we see it. Indeed, after the increasing global pressure on water resources, massive pollution and climate change, peak oil is
Did oil production peaked in 2008 ? Read More »
The UNEP and the IEA launched last week an interesting initiative to halve the amount of oil consumed by cars by 2050. Even if this seem interesting as it due to cut by six billion barrels per year the oil consumption, I am wondering. Indeed: even if the demand for cars is due to explode,
Halving transport sector CO2 emissions by 2050 Read More »
I was reporting last week that non-OPEC oil production peaked in 2004 and Russia – the world’s second largest exporter – peaked in 2008. The situation was already quite serious. Yesterday the Oil Drum published an article stating that the world’s first oil producer saw it’s production peak in 2005 with 9.6 million barrels/day. Last
Saudi Arabia’s oil production peaked in 2005 Read More »
I was wondering in May 2008 if oil production already peaked. The Oil Drum brings us more data on peak oil as to their latest article non-OPEC countries’ oil production peaked in 2004. Indeed, Russia – the world’s second oil producer – saw its production peaked in 2008 and is due to decrease by 8
Oil production peaked in non-OPEC countries Read More »
By browsing through the RSS feed of the Oil Drum I came across an interesting article on how increasing gas prices and lowering income tax in the meantime could bring huge benefits. This is not new to me as I have already discussed this very topic in my review of Le Plein s’il vous plaît
Higher gas prices and lower income tax Read More »
Due to the economic crises around the world oil prices halved over the past two months. Indeed, after nearing $150 in July, they are now back to below $70. You may think that high oil prices won’t happen ever again and that we can keep on relying on this fossil fuel. But beware : the
What oil prices below $70 mean in the long run Read More »
… you should have a look at the image on the left. Drilling offshore won’t solve the various problems. Similarly, drilling the Arctic oil won’t improve the situation either. The situation seems hopeless ? It is not, as energy efficiency is a solution that can address the problem permanently and that also can seriously help
If you think that offshore drilling is a solution… Read More »
Yesterday took place a historic event as oil prices gained no less than $25 in a single day to settle finally at $120. Since my last post on this topic, oil prices neared $150 to go back to $90 last week. This important volatility makes it harder to rely on this energy source and shows
Oil prices jumped $25 in a single day Read More »
