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Archive for the ‘Advocacy’ Category

ASPO Ireland has invited Australian economics professor, Dr. Steve Keen, to Dublin to give a series of lectures as part of his global tour to support the recent publication of a revised edition of his book ‘Debunking Economics‘.

His visit is already generating debate over on the IrishEconomy website.

During his trip he will be presenting at several events:

TASC Economists (4:30pm Tuesday 15th)

ASPO Ireland/Feasta (7pm Tuesday 15th)

IIEA Economics group (open event) (11am Wednesday 16th)

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Following hard on the heels of our event last Monday, today I read two recently published articles which prompted further thinking on how to/impact of reducing our oil demand:

A brief economic explanation of Peak Oil by Chris Skrebowski

Graph 3 Shows the development of oil prices and illustrates the $10/year trend (red line)

The conclusion appears to be that:

Unless and until adaptive responses are large and fast enough to constrain the upward trend of oil prices, the primary adaptive response will be periodic economic crashes of a magnitude that depresses oil consumption and oil prices. These have the effect of shifting consumption from incumbent consumers—the advanced economies—to the new consumers in the developing economies.

This is exactly what happened in the last recession when between the start of the recession in January 2007 and its effective end in 1Q 2011 demand rose by 4.3 million b/d in the non-OECD area and fell by 4 million b/d in the OECD area.

Weak World GDP Growth & “Peak Oil” by Bob Hirsch

As we previously forecast, the decline in world oil production is likely to occur in the next 1-4 years…

Beginning in 2004, world oil production (total liquids) has been on a fluctuating plateau, as shown below.

Hirsch’s warning that we’ve got at best 4 years before terminal decline is particularly disconcerting. It leaves us with barely time to brace for impact, let alone attempt to get out of the way. The Initial Thoughts article published yesterday took a high level look at Ireland’s oil consumption and looked at an illustrative scenario to halve consumption by 2020, effectively rolling us back to where we were in 1990. It was not possible without a drastic (2/3) reduction in private car use. The chart below extends the data back to 1970.

We can clearly see the impact of the second oil crisis on our consumption, although it doesn’t appear to have had much impact on GDP (worth further investigation to understand why). The steepest future demand scenarios reflect the reverse side of the steep rise in the 90’s. Between 1990 and 2000 we doubled our oil consumption and GDP. The charts below show a strong correlation, the direction of causality being the subject of much debate, with Ayres-Warr arguing that there is a positive feedback between the two, but energy being the critical enabler:

If this relationship holds on the way down, as it did on the way up, we should expect the economy to shrink back according to oil availability. Whether and to what extent this relationship works in reverse should be the focus of much considered attention. One important factor will be the cause of the reduction. If it’s because of high price imposed by market factors, then that could have a very different impact than if we implement policies ourselves to force us down the curve.

SEAI’s 2009 Transport Statistics report is a great resource, some highlights worth mentioning in this context include the chart below showing a strong link between personal consumption and private car travel.

What’s interesting about the average distance data is how it demonstrates that our cars spend most of their time stationary. At an average speed of 30 kmph, it takes just over 500 hours to hit the average distance travelled by an Irish petrol car. Assuming normal driving hours are between 7am and 9pm (14 hours/day x 365 days = ~5,000 hours), the car spends 90% of its time going nowhere.

The vast majority of private cars are less than 10 years old, the average life of a car in Ireland is almost 7 years. Even if we get back to the heady days of 100k new cars each year, and assuming petrol cars were outlawed, forcing everyone to buy electric, it would take 10 years to replace half the nearly 2 million private cars in Ireland (in the scenario being considered here, the remaining half needing oil will be recycled for parts).

The chart below, extracted from a report by the CSO, presents a vivid image of those most vulnerable from a transport perspective to oil price volatility or availability.

Finally, for the jet-set among us, it’s worthwhile to understand where most of our airline travel is destined. The link with the UK and EU clearly evident. I don’t know if the data is available, but it would be useful to see a breakdown of this data into purpose of travel, business versus tourism. The government’s strategy of reinvigorating the economy through tourism may be misplaced.

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To see what is in front of one’s nose requires a constant struggle – Orwell

ASPO Ireland was invited to return this year (last year) to Cultivate‘s Rethink Tank at Global Green, a part of the Electric Picnic festival, to participate in a panel discussion on How green is Ireland? The panel was chaired by Davie Philip of Cultivate, and participants, along with yours truly, were Gavin Harte, Taja Naidoo, and Eamon Ryan.

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Watching Barack Obama walk off Airforce One this morning in Dublin airport into a very blustery day, it inspired me to take a look at the Eirgrid website to see what kind of power our wind turbine fleet is generating.

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BP “did not have the tools” to contain a deep-water oil leak, as they now admit. Their failure with that risk must now raise profound questions about how they handle other risks, in particular the threat that global oil production will fall prematurely, ambushing an oil-addicted world economy. That risk, “peak oil” as it is known, worries growing numbers of people, not least in and around the oil industry. But BP’s approach to it, until now, has been to pour scorn on the worriers. The company is a cheerleader in the global oil industry’s effort to persuade society not to be concerned about peak oil. (more…)

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Planning Our Retreat from Fossil Fuels: Exploring the Ramifications of Peak Oil from justmultimedia on Vimeo.


John Gibbons
lead a discussion with the newly appointed Minister of State Ciaran CuffeDavid Korowicz from FEASTA (The Foundation for the Economics of Sustainability) and ASPO Ireland Director, Richard O’Rourke, on the ramifications of Peak Oil and what we can and should be doing to prepare for it.

John Gibbons lead what turned out to be a lively and informed discussion between the panel and the audience of about 40 people. After John’s preamble including a chart from the US Dept of Energy’s Information Agency (EIA) showing the growing gap between supply and demand, David Korowicz summarised the main findings from his Tipping Point study. I briefly outlined the emerging consensus within the ASPO community, particularly the clearer understanding of the link between our financial and energy systems. The Minister reiterated government policy and how that policy is being implemented. The audience demonstrated a sophisticated understanding of the nature of the problem by their questions and comments. More under the fold…

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ASPO Ireland was invited to give a lunchtime lecture on Peak Oil as part of UCD’s Environmental Week:

“What is Peak Oil? And why should I care?” (more…)

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