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Thursday, 21 December 2006 |
Ronald Cooke of The Cultural Economist has just published a new report on oil depletion:
Of all the issues we confront in the 21st Century, resource depletion promises to have the greatest impact on our economic and cultural destiny. And of our dwindling resources, none will have a greater impact on our future than the decline of oil and natural gas production.
The Report On Oil Depletion is now available as a free document at
http://www.oildepletion.blogspot.com
This research report provides a comprehensive examination of oil reserves and production, analyzes the economic impact of two alternative oil depletion scenarios, and outlines a set of recommendations to enable a "soft landing". World oil production and consumption are evaluated by geographic region. This evaluation, along with a projection of how oil depletion could influence inflation, unemployment, economic growth and the price of gas, is presented in multiple tables, charts, and pictures.
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Tuesday, 19 December 2006 |
SuperFunds is the magazine of the Association of Superannuation Funds of Australia. A lot of money is going into Super, and a lot of that is going into toll-roads, tunnels and airports. Not a good idea if it is your super, and if Peak Oil comes in 5-10 years. ASPO-Australia advises everyone to check with their superannuation fund that an oil vulnerability audit has been carried out on their portfolio.
An article in the latest issue includes
"Predictions about dwindling world supplies of oil could create new challenges for superannuation fund investors". "All long-term investors in infrastructure heavily reliant on energy consumption such as toll-ways should take an interest in the Peak Oil issue" "Fiduciary duty requires that institutional investors make every effort to understand and quantify risk, as well as mitigate it and find opportunity in its wake".
David Bell, a chartered accountant, gave a talk "Peak Oil - a financial perspective" to an Engineers Australia Transport Panel seminar in Sydney in September, including "Moving away from oil dependent investments"
See our previous article about toll-road investments |
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Wednesday, 13 December 2006 |
ASPO President, Prof Kjell Aleklett and ASPO-Australia convenor, Bruce Robinson, were invited to give Peak Oil presentations at an international conference in Kyoto (Society of Exploration Geophysicists of Japan) on 27th November. They then went to the University of Tokyo for a Peak Oil meeting on 29th November held by the Mottainai Society, which is functioning as an "ASPO-Japan" amongst other things. Prof. Yuzuru Ashida (Kyoto University, Former president of SEGJ) spoke at Kyoto, and Prof Ishii at the Mottainai Society (see YouTube video of Prof Ishii's talk, in Japanese). Prof Aleklett then went to Korea to provide high-level briefings, and then back to Japan to brief a major company about Peak Oil.
Presentations are available on ASPO-Australia
"Peak Oil, Risks and Sweden's plan for mitigation"
Aleklett (English) (10 MB) Aleklett (Japanese) (11MB), Aleklett (paper)
"Peak Oil and Australia; Probable impacts and possible options"
Robinson (bi-linqual PPT) (10MB), (and speaker's notes), Robinson (paper with Sherry Mayo), |
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Monday, 13 November 2006 |
Australian Institute of Energy Forum
Transport Fuels: Future Prices & Supply Security Risks
Adelaide, 9th Nov 2006
Peak Oil discussed in Adelaide: "There were seven speakers plus the guest speaker. Of these, only one, the ExxonMobil speaker attempted to tell the audience that everything was okay – that is, there’ll be plenty of oil."
More details in Notes by James Ward (ASPO Adelaide) |
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Thursday, 09 November 2006 |
Andrew McNamara has agreed to sponsor a petition calling for the Oil Depletion Protocol to be adopted by the Qld Government.
This e-petition is available on the QLD Govt website and can be signed online
Te text of the petition is as follows:
Peak Oil is the term used to describe the peaking of global oil production. After the peak, there will be a gradual, but irreversible decline in the world’s oil production. There is a high probability that this will occur within the next decade.
Currently only about 1 barrel of oil is being discovered for every 5 or 6 extracted, and according to Chevron Texaco, 33 of the 48 significant oil-producing nations worldwide are experiencing declining production. Oil production in the USA peaked in 1971, the UK in 1999 and Australia in 2001.
[continued below fold...]
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