Past the Global Peak in Oil Production
According to the International Energy Agency we are now past the global peak in oil production: http://www.iea.org/speech/2010/tanaka/AustraliaTanakaWEO2010.pdf This will change everything. And we are not prepared. Bookmark It
The Price Will Not Be the Main Problem
Many experts believe that a decrease in the oil supply will lead to higher prices, and that this will immediately reduce demand for oil, at little significant cost to the economy. A higher energy price will increase investments in renewable fuel technologies, which will at short notice increase the volumes of renewable fuels that are [...]
World-wide Lack of Insight into Decline in Oil Supply
In the previous posting I commented on the report of the Climate Commission (“Klimakommissionen”) that were appointed by the Danish Government in 2008. These eminent experts have been working for two years on their report that was published this week, and have, unfortunately, completely missed the important consequences of the decline in the global oil [...]
Danish Energy Transformation at No Cost
The Danish government’s Climate Commission (Klimakommissionen) has delivered its report. This group of ten independent experts on renewable energy technology was formed in 2008 with the task of developing a plan for getting Denmark off its dependence on fossil fuels. The commission concludes that the Danish energy transformation can be made by 2050 and at [...]
Electric Car Buzz
In case you missed it, Nissan’s electric car campaign is getting a great deal of buzz. In 60 seconds, they pretty effectively demonstrate how it’s possible to make a potentially lucrative business decision that also addresses the fossil fuels issue while potentially improving the environment. The polar bear seems to think so, too. Bookmark It
Our riches don’t matter
People in developed countries may think that we are rich enough to be able to pay increasing amounts for oil and other types of energy as petroleum becomes increasingly scarce. Our riches, however, don’t matter much. In order for each individual country to maintain affluence and economic growth, we need to be able to maintain [...]
We need to open our eyes!
We need to open our eyes to the fact that we large scale energy transformation programs will become necessary in order to transform global energy systems on a large scale. Those of us who are already aware of this need to inform politicians and high level business leaders about this. This is the only possible [...]
What all this is about…
We are facing the global peak in oil production. The majority of oil producing countries are already well past their peaks and a few large producers struggle to increase production to accomodate to global demand. Yet world political leaders have failed to grasp the importance of this fact. We use energy to run our global [...]
The importance of competent and honest people
A Swedish investment bank HQ Bank has recently lost its permit by the government to run a bank. The reason is its too high risk level. One board member, Catharina Lagerstam, was appointed in April and she did an independent valuation of the holdings by the board meeting in May, at which she said that [...]
A Strategy and a Plan that Combines Many Aspects
A debate is on-going in the New York Times about the future of energy in the US. Bill Gates wrote one article that focused on the need to increase the spending on energy technology research. This article was followed by a reply written by Richard Rosen, a senior fellow of the Tellus Institute in Boston. [...]
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