On 17 September The Wall Street Journal published a fascinating article on “peak oil,” “There Will Be Oil,” written by Daniel Yergin, chairman of IHS Cambridge Energy Research Associates, an energy research and consulting firm and deserved recipient of Pulitzer Prize for his 1991 book, The Prize: The Epic Quest for Oil, Money and Power.
According to The Wall Street Journal, “There Will Be Oil” “is adapted from his new book, The Quest: Energy, Security and the Remaking of the Modern World.”
Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.In an interview with David Wessel, Daniel Yergin, author of “The Prize,” states that the turmoil in the Middle East is a “sea change” for the global oil market and that the U.S. and emerging markets are most economically vulnerable to rising oil prices.
Where is George Orwell when you need him?It is a supreme irony that cornucopian oil industry mouthpiece and consultant Daniel Yergin should receive America's first medal for energy security named after James Schlesinger, the first U.S. energy secretary. For those not familiar with the late Dr. Schlesinger's views, in a keynote speech he told attendees at a 2007 conference sponsored by the Association for the Study of Peak Oil (ASPO) the following:Conceptually, the battle is over. The peakists have won.
THE International Energy Agency has released its latest World Energy Outlook. The most sobering piece of information in it is a recurring highlight: the estimated time at which the world is "locked in" to a rise in global temperatures of at least 2 degrees Celsius.
Harvard's Rob Stavins has published an opinion piece in the NY Times titled "Climate Realities". Professor Stavins raises a series of reasonable points as he offers a sober assessment of where we now stand as we confront the climate change challenge;He makes the following points:
The US shale boom is remaking the nation's industrial landscape and raising the prospect of energy independence in the world's biggest oil consumer.Booming oil and gas production is creating jobs, reinvigorating energy-consuming industries and remaking the US trade balance."The shale revolution is real and is transforming our industry," said Charles Ebinger, director of the energy security initiative at the Brookings Institution, a Washington think tank.The shale boom, which began with a focus on natural gas, has shifted more recently to shale oil.
Canadians of every political persuasion should be dismayed by U.S. President Barack Obama’s cowardly rejection of the Keystone XL pipeline.
After seven years of review involving massive documentation, scientific justification and some $3 billion in spending by proponent TransCanada Corp., Obama offered weak and questionable reasons Friday for the denial.
Meanwhile, he betrayed Canada, America’s closest and loyal friend and ally, to feed his vanity project – a climate change legacy he hopes to cement at the UN climate summit in Paris in the coming weeks.