3E Intelligence

Archives for Peak oil

A friend of mine reacted to my previous post (Let’s get the climate panic started!) with the following “inconvenient” questions: “- will the current financial crisis spill over and affect the strong EU policy focus on climate change & energy? Could it shift priorities for the December or the Spring Summit? And for the EP… » read more

Posted by Willy De Backer

The renowned Dutch Clingendael International Energy Programme foresees more future turbulence in the oil markets, an energy crunch by 2010 and potential oil rationing in the Western world. Here are some of the most interesting conclusions of the highly recommended “Oil Turbulence in the next decade” essay: The “oil crunch” predicted by the International Energy… » read more

Posted by Willy De Backer

The future of tourism in an age of climate change was the subject of an exciting conference organised by the Greens in the European Parliament on 3 July. How can the global tourism industry be greened and which countries will be the winners and losers from global warming in terms of tourism? The growth of… » read more

Posted by Willy De Backer

Why is it so hard to accept that our planet’s economy has limits? The puerile excitement of so-called energy experts about Brazil’s new “gigantic” oil find is yet another proof that the world and its media remain in denial about our worsening sustainability crisis. “Surprise discovery off coast of Brazil may confound the oil and… » read more

Posted by Willy De Backer

I sometimes complain that our political elites have lost all long-term vision focused as they are on feeding the quick-news-hungry media with sexy soundbites which have little value for the societal challenges these policy makers are supposed to tackle. It is therefore very encouraging that, occasionally , there is a political figure who manages to… » read more

Posted by Willy De Backer

When investments banks start to talk openly about a future oil supply crunch, there is reason to get really worried. According to the Wall Street Journal, Deutsche Bank recently joined the club of high-level energy experts who think the world will never see production levels above 100 million barrels per day. The Bank is now… » read more

Posted by Willy De Backer

Big news on the wires yesterday as Brazil’s Petrobras announced that it has discovered a new oil field, deep under the Atlantic Ocean, which could make it one of the world’s largest oil producers. Shares of Petrobras skyrocketed as some journalists and market watchers got carried away by the Brazialian government spin. Let’s do a little… » read more

Posted by Willy De Backer

A new report published this Monday morning by the German Energywatch group says global oil production peaked in 2006 and will know a steep decline. It predicts future oil production in 2020 at 58 million barrels per day and in 2030 at 39 million barrels. The world economy now uses about 85 million barrels. The German authors… » read more

Posted by Willy De Backer