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Level 3

Natural Gas Fracking Process – ConocoPhillips

Posted by Matt Beer - May 7, 2014 - Energy, Level 3, Natural Gas, Peak Oil, Peak Oil Level 3
0

This video developed for the oil & gas company ConocoPhillips gives a very good visual overview of the drilling process involved in hydraulic fracturing, AKA fracking. You’ll just have to take a few pinches of salt to compensate for the sickly sweet perfection in which this video presents the drilling process and how it couldn’t possibly impact the surrounding environment. The process isn’t as clinical as a well rendered animation and biased PR friendly narration.

Confronting the Status Quo – Dr Susan Krumdieck

Posted by Matt Beer - January 28, 2014 - Economics, Economics Level 3, Energy, Level 3, Oil, Peak Oil Level 3
1

In this great little talk Dr Susan Krumdieck speaks about our energy conundrum through a lens that is rarely used: financial return. Presumably talking to business leaders she quickly dismisses the relevance of peak oil, climate change and sustainability as reasons to change and goes straight to the formula for a resource base that is consumed by exponential growth and how everything inevitably follows a path of boom and bust. In other words the same curve as what peak oil describes.

She then goes into depth about the falling levels of EROI (Energy Return on Investment) and has some great sankey diagrams showing how as the rate of return drops so to does the amount of energy available to service the economy, particularly the energy levels needed to grow the economy. Her conclusions are clear and stark. Economic growth will not continue and economic survival will be dependant on the ability to adapt. The communities/companies/people who change the most to a low energy consumption pattern will be the most successful in the future.

Peak Oil Files – 5 – Future Story of Oil

Posted by Matt Beer - November 29, 2012 - Economics, Energy, Level 3, Oil, Peak Oil, Peak Oil Files, Peak Oil Level 3
0

This particular chapter takes a more detailed look at the various oil demand projections by comparing each organisation’s take on the main economic forces that shape their final numbers. Despite the huge uncertainty, there is near universal agreement on some of these forces. But opinion is divided on the biggest question of all – will supply be able to meet demand.

Crude Oil, Economics, Economy, fossil fuel, GDP, Growth, Oil, Peak Oil, Transport, Video

Peak Oil Files – 4 – Future Demand

Posted by Matt Beer - November 29, 2012 - Economics, Energy, Level 3, Oil, Peak Oil, Peak Oil Files, Peak Oil Level 3
0

This chapter looks at the recent history of the many organisations that make energy demand forecasts. Their track record has a lot to be desired but understanding the huge uncertainties involved highlights just how easy they are to get wrong.

Crude Oil, Economics, Economy, fossil fuel, Oil, Peak Oil, Transport, Video

Peak Oil Files – 3 – In High Demand

Posted by Matt Beer - November 29, 2012 - Economics, Energy, Level 3, Oil, Peak Oil, Peak Oil Files, Peak Oil Level 3
0

This chapter attempts to cover the last 150 years of oil consumption with the aim of discovering the main economic forces that have helped shape how and where oil is used today. By understanding these forces we can begin to understand how future oil demand will unfold.

Crude Oil, Economics, Economy, fossil fuel, GDP, Oil, Peak Oil, Transport, Video

Peak Oil Files – 2 – Energy Security

Posted by Matt Beer - November 26, 2012 - Economics, Energy, Level 3, Oil, Peak Oil Files, Peak Oil Level 3
0

This chapter attempts to explain why oil depletion is not simply a problem of “will we run out” but rather a more complicated supply and demand problem concerning energy security. The size of the tap is more important than the size of the tank.

Crude Oil, Economics, Economy, fossil fuel, Oil, Peak Oil, Transport, Video

Peak Oil Files – 1 – The Importance of Oil

Posted by Matt Beer - November 24, 2012 - Economics, Energy, Level 3, Oil, Peak Oil Files, Peak Oil Level 3
0

This is the first chapter in an in depth, multi part, info-graphic based series that attempts to explain all the ins and outs of peak oil, why it is inevitable and what is likely to happen in the coming years. It is intended to be much like a book with separate, complimentary chapters that help properly educate people on all the ideas and issues surrounding the topic so that whoever watches will have a good enough understanding to be able to make some sensible decisions/comments. The emphasis is on “properly educate”, I want to help create a definitive guide that people can turn to when they want to learn about this incredibly important issue.

This particular chapter attempts to explain why oil is the lifeblood of today’s modern economy and how any major fluctuations in oil price can expose the many inherent weaknesses in this globalised system that feeds, clothes and houses us.

Crude Oil, Economics, Economy, fossil fuel, GDP, Oil, Peak Oil, Transport, Video

Jeffrey Rubin On Why High Oil Prices Stop Growth

Posted by Matt Beer - November 24, 2012 - Economics, Economics Level 3, Energy, Level 3, Oil, Peak Oil Level 3
0

This almost 30 minute interview from In Conversation with Allan Gregg economist Jeffery Rubin talks about his book “The End of Growth”. His basic thesis is that high oil prices (100+ a barrel) will cause economic growth in the developed world to flat line (while China and India will slow to 4-5%) and the world is stuck with high oil prices because the marginal barrels being produced from the Canadian oil sands and the US light tight oil need these high oil prices. Basically it’s a catch 22 situation, to have traditional economic growth rates you need enough cheap oil, but to have enough oil we need to develop expensive sources and for that we need to have high oil prices. It’s basically a continuation of the energy return on energy invested (EROEI) argument.

But Jeff argues that this situation will have many silver linings. The higher transport costs will reverse the trend of globalisation and make local industry more competitive. It will also force us to have better urban planning and higher population densities that is a characteristic of the more livable world cities. The demise of the suburbs and high food prices will provide an economic incentive to turn much of this prime agricultural land back to the purpose they were originally used for – farming.

Economics, Economy, EROEI, Growth, Jeff Rubin, Oil, Peak Oil

How an Oil Well is Drilled

Posted by Matt Beer - November 21, 2011 - Energy, Level 3, Oil, Peak Oil, Peak Oil Level 3
0

A simple little 6 min computer animation that shows the start to finish steps of how an oil well is brought into production.

http://www.youtube.com/watch?v=DniNIvE69SE

Conventional oil, Crude Oil, fossil fuel, Oil, Oil Production, Video

David Mitchell – Sustainability

Posted by Matt Beer - September 17, 2011 - Climate Destabilisation, Climate Level 3, Communication+, Economics, Just for Fun, Level 3
0

David on his soapbox again. This time the notion of wasting valuable resources just because the current price mechanisms make them cheap gets a dressing down. Is a carbon tax that hard? Oh wait yes. Nobody likes to go backwards or pay more than they feel they should just because they once bought it cheaper sometime in the past. Pity nobody seems to realise that with peak oil the cheap days will be soon forever gone.

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