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Peak Oil Review – April 22, 2013

April 22nd, 2013
in
"Oil prices on the New York Exchange dropped sharply through mid-day Thursday to the lowest level of the year--$85.71 per barrel—before recovering modestly to close Friday at $88.01. That was still the lowest closing number since last December and represented a loss of $3.50 per barrel for the week. For reference, NYMEX oil had traded in a relatively narrow range between $91 and $98 over the last four months. In London, Brent also dropped below $100 for the first time in 8 months and was down 11% from January.

Old King Coal

April 22nd, 2013
in
 What's the problem with coal and what actions can you take?

Entering a Resource-Shock World

April 22nd, 2013
in
Brace yourself. You may not be able to tell yet, but according to global experts and the U.S. intelligence community, the earth is already shifting under you. Whether you know it or not, you’re on a new planet, a resource-shock world of a sort humanity has never before experienced.

Taking Practical Action Toward Resilience

April 22nd, 2013
in
Dreaming, organizing, and awareness raising are all important parts of the work we do, but there is something to be said for bringing people together, getting your hands dirty, and creating something beautiful. As we heard in last month's teleseminar with Rob Hopkins, practical projects are one of the most fun and effective ways to energize and strengthen your existing Transition groups and reach out to inspire and engage your community.

Social justice and solar equity

April 22nd, 2013
in
What is the relationship between social justice and resource sustainability? Many authors have tackled this subject from many directions, including Illich (1973), and O’Riordan (1976). In the developed world, freedom includes emancipation from nature, where freedom does not occur until we escape our limits. The spiritual is separate from the material, and energetic limits are not a consideration.

Japan's liquidity programme sends oil, gold prices tumbling

April 22nd, 2013
in
Brent crude oil prices have now dropped $20/bbl since their February peak at $119/bbl. The major drop has occurred this month, following the Bank of Japan's decision to introduce its own massive liquidity programme.

Middle East risks 'water wars' as river basins dry up

April 20th, 2013
in
The Euphrates is the longest river in Western Asia at 3000km (1850 miles), and with the river Tigris (1850km) it has been supporting Middle Eastern agriculture for 450k years. But new research from the Water Resources Research academy confirms that both rivers are now losing water at an alarming rate.

Economic possibilities in demographics

April 19th, 2013
in
The blog's latest post for the Financial Times FT Data blog is published today.

Energy from Waste

April 19th, 2013
in
At the end of their useful lives, the products and materials we use should become the nutrients and ingredients of new products and materials in a waste-free cycle mimicking those found in the rest of the natural world. That’s just common sense and uncontroversial, isn’t it? Probably most Transitioners are proponents of ‘cradle to cradle’ design and the ‘circular economy’. Those that aren’t would be, once they’ve been exposed to those ideas.

Total production by the top five oil majors has fallen by a quarter since 2004

April 19th, 2013
in
The combined crude oil production of the five main international oil companies (Exxon, BP, Shell, Chevron and Total) hit an historic high in 2004. Since then, it has fallen by 25.8%, despite large increases in investments.

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