peak energy in the news:

A weekly review including:
-Oil and the Global Economy
-The EU Crisis
-Iran
-Quote of the Week
-Briefs

One fact ought to tell you all you need to know about the risks faced by homeowners signing leases for natural gas drilling on their property: Wells Fargo & Company, both the largest home mortgage lender in the United States and a major lender to the country's second largest producer of natural gas, Chesapeake Energy Corp., refuses to make home loans for properties encumbered with natural gas drilling leases.

It feels as though we now have the first informed American report on the oil issue. One is struck by how well they describe the problem that ASPO and my research group have attempted to raise awareness of during the last 10 years. That this group of Americans perceive reality in a different way than is common in the USA is presumably because they are diplomats who have been outside the USA’s borders and have studied their nation from a different perspective.

Sounding the alarm early is far better than not sounding the alarm at all. In fact, those who do are the true pioneers of ecological conciousness. Heinberg may be early, or he may not be, yet he has engaged us all in a very necessary conversation, arguably the most important conversation my generation will have in our lifetimes.

Apollo is a small town in western Pennsylvania, part of the old coal and steel belt that surrounds Pittsburgh. The people who grew up there have learned what harm the corporations who employed them and their relatives and friends have done and continue to do. Men, women, and children were poisoned by that uranium fuel plant and that glass plant. Yet, for the most part, they ignore this, content to contemplate instead their “warm and fuzzy” memories, as one person put it.

Our capacity to bring about collective change decreases with every passing year – at least the kind of collective change the French people can accept. It is quite possible to simplify the French society, but that means accepting, even embracing, poverty, not something we as a people are likely to do.

Authoritarianism is therefore bound to fail, and become more and more authoritarian with time as, unlike democracy, failure is not something it can accept. Its normal way of dealing with it is not handing power to the other side, but finding somebody to blame.

-Dump the pump: could peak oil be voluntary?
-Shell's Majnoon deal highlights Iraq oil target verdict
-Insight - Peak, pause or plummet? Shale oil costs at crossroads

The prospect of weaker oil demand in the face of the Euro crisis was balanced this week by warnings from the IEA and Saudi Arabia. Sadad al-Husseini, the former head of Exploration and Production at Saudi Aramco, wrote that "$100 for Brent is quite a correction and it will be a challenge to sustain such a low price beyond the short term"...

A midweekly roundup of peak oil news, including:
-Developments this week

No civilization has ever faced the agricultural challenges confronting us over the coming decades. Ever. And if we can pull it off – wherever we CAN pull it off – it will necessarily be with an agriculture of maximum resilience; an agriculture that can get knocked down and stagger back up again and again and again. So let’s do this.

- Can we please just declare the end of 'peak oil' and start worrying about something important?
- The U.S. Has A Lot Of Shale Oil, So What?
- Chevron VP: Technology can unlock new fields, curb fears of peak oil
- The Biggest Threat to High Oil Prices
- Amory Lovins: A 50-year plan for energy (video)
- U.S. energy independence is no longer just a pipe dream

It's become common to see activists rejecting, often with quite a bit of heat, the suggestion that they might want to embrace in their own lives the changes they hope to get the rest of the world to adopt. In the twilight years of American empire, that's a very convenient attitude, but it deprives peak oil and environmental activists of a tool that worked remarkably well the last time it was tried, and closes off avenues for shaping the future that might be better kept open.

"It's no pipe dream. The U.S. is already the world's fastest-growing oil and natural gas producer. Counting the output from Canada and Mexico, North America is "the new Middle East," Citigroup analysts declare in a recent report."

Jeffrey Brown responds: The Texas Railroad Commission (RRC) sums the reported production from Texas producers, and it has been doing so far decades, while the EIA apparently uses a sampling approach to estimate Texas production. For annual production in 2011, the RRC shows Texas crude oil production at 1.12 mbpd (million barrels per day), while the EIA shows it at 1.46 mbpd, a gap of 340,000 bpd. The gap between the RRC and the EIA for monthly production is even more pronounced, on the order of about 500,000 to 600,000 bpd.

If the EIA is this far off for Texas, what about the other producing states, and what does it say about the EIA's global data?

-Familiar echoes in shale gas boom
-'Fracking' risks found to have been diminished (Report)
-Medical Records Could Yield Answers On Fracking
-Water safe in town made famous by fracking-EPA
-Shale causes rise in waste gas pollution
-Obama Warms to Energy Industry by Supporting Natural Gas

What do you get when you cross an astronomically-inclined physicist with concerns over energy efficiency in lighting? Spectra. Lots and lots of spectra. In this post, we’ll become familiar with spectral characterization of light, see example spectra of a number of household light sources, and I’ll even throw in some mind-blowing photos. In the process, we’ll evaluate just how efficient lighting could possibly be, along the way understanding something about the physiology of light perception and the definition of the increasingly ubiquitous lighting measure called the lumen. Buckle your physics seat-belt and prepare to think like a photon.