{"id":455,"date":"2008-07-11T08:51:55","date_gmt":"2008-07-11T08:51:55","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=455"},"modified":"2008-07-11T08:55:03","modified_gmt":"2008-07-11T08:55:03","slug":"a-very-worrying-world-oil-outlook-2008","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/a-very-worrying-world-oil-outlook-2008\/","title":{"rendered":"A very worrying World Oil Outlook 2008"},"content":{"rendered":"<p>OPEC&#8217;s <a href=\"http:\/\/www.opec.org\/library\/world%20oil%20outlook\/WorldOilOutlook08.htm\">World Oil Outlook 2008<\/a> is a realistic but very worrying analysis of the global energy picture.  It <a href=\"http:\/\/www.opec.org\/library\/World%20Oil%20Outlook\/pdf\/Executive%20Summary2008.pdf\">discusses<\/a> the recent gyrations of the price of oil and its underlying drivers, in particular the growth of speculation, and outlines demand and supply parameters.<\/p>\n<p>While it projects a sufficient supply for the coming decades, whether or not this is realistic, their underlying analysis of demand suggests a gross misallocation of global capital and the acceleration of nature&#8217;s destruction.  The <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/7500201.stm\">WOO projects a 50% increase<\/a> in fossil fuel use, underpinned by growth in developing countries, by 2050.  This is unsustainable and unacceptable.<\/p>\n<p>We must work to build a social and economic infrastructure for humanity that uses 50% LESS energy, while giving similar life enjoyment.  This is achievable through energy efficiencies, such as building design, appliance design and vehicle design (<a href=\"http:\/\/www.oilendgame.com\/ExecutiveSummary.html\">see Amory Lovins&#8217; Winning The Oil Endgame<\/a>), and redesigning living and working systems so that we do not demand transport in the extensive way of today &#8211; we must move toward community living dynamics, which not only eliminate commuting and reduce the need for freight transport, but also enhance the &#8220;happiness&#8221; of lifestyles.<\/p>\n<p>The fact that OPEC proclaims a worry-free outlook for the oil industry is of great concern.  That OPEC does not balance their analysis of oil supply with the natural consequences of massively increasing humanity&#8217;s carbon footprint proves that global leaders (<a href=\"http:\/\/astraea.net\/blog\/?p=451\">see G8 &#8211; a lot of hot air<\/a>) still do not see beyond the end of their political noses and vested interests.   There is absolutely no way that the biosphere can survive a 50% increase in carbon output by humanity.  There is <a href=\"http:\/\/astraea.net\/blog\/?p=454\">no way that life on earth can survive<\/a> increasing pollution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC&#8217;s World Oil Outlook 2008 is a realistic but very worrying analysis of the global energy picture. It discusses the recent gyrations of the price of oil and its underlying drivers, in particular the growth of speculation, and outlines demand and supply parameters. While it projects a sufficient supply for the coming decades, whether or &hellip;<br \/><a href=\"https:\/\/www.astraea.net\/blog\/a-very-worrying-world-oil-outlook-2008\/\" class=\"more-link pen_button pen_element_default pen_icon_arrow_double\">Continue reading <span class=\"screen-reader-text\">A very worrying World Oil Outlook 2008<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9,6,14],"tags":[],"class_list":["post-455","post","type-post","status-publish","format-standard","hentry","category-energy","category-environment","category-risk-and-terror"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-7l","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=455"}],"version-history":[{"count":0,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/455\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}