Daily Oil Blog

                                    
The coming chinese lunar new year in Mainland china may not be going as well compared to previous years since the emerging giant open her doors to free market reforms when getting rich is glorious slogan by Deng in his twilight years.

Snowstorm has been keeping many workers from cities going back to their hometowns to celebrate the spring festival.Eastern and central china are the most hit region in the snowy epic that going to take a toil on china energy supplies as people tend to use more energy on heaters and others as most will stay indoors to prop up energy demands.

In this billion populace middle kingdom, any rise in energy consumption will be bound to get national headlines as it affect oil prices worldwide. Spokesman from china cited the costs of this snowstorm will cost the state 3 billion plus USD and affected residents up to nearly 80 million.

All this talk of the rise of china will be the quantity of energy like coal and oil to pump into  her and without proper steps to move away from fossil based economic structure,fire will not be coming out from the dragon to keep her people warm in the future.What use will be money by then?

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“I have wandered all my life, and I have also traveled; the difference between the two being this, that we wander for distraction, but we travel for fulfillment”

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You know Israel has always fascinated me from their bible stories to the formation of the state of Israel in the middle of the last century.Though Israel lacked the Oil wealth as her arab neighbours possessed, her ingeniuity and determination turn her to one of the most successful democratic country in the middle east running a high tech economy with patents that seems higher than other countries in spite of her small populace.

With all the turmoil surrounding the mid east region and with Israel always caught up in that kind of conflict against terrorism within and outside her borders , the energy that’s needed to power up her economics and military grown ever more important if she was to survive Hamas, Hezbollah and international pressures from UN restricting her retaliation against her foes.

Fear not as young jewish minds are always looking for solutions for their energy problems.IT whiz 39 year old israeli named Shai Agassi who was the ex chief designer of products at German SAP AG wanted to build electric cars for Israel and to the world!Making monthly subsriptions like our utiity bills instead of going to gas stations seems like an idea that’s going to be more feasible as oil and gas prices goes up.

The plan for Agassi company was to tie up with Nissan and Renault for this project by supplying them lthiumn-ion batteries to power up their cars.So the Israeli side provides the software while the japanese and french the hardware.It will be a match made in heaven if it take off a big way in Israel powered up by non fossil energy.

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After watching this movie ,it strike a chord on how the plot reflected post 911 and peak oil,bird flu scenerio. The new cure for cancer turned disease outbreak that killed off most of the populace in New York city backdrop filled with silence leaving survivor Will smith and his german shepherd roaming the City for food and the infected undead for experimental vaccine leave the viewer feeling a sense of helpessness.

Isolation sets in as Will smith who played a Military officer virologist  have flashbacks about the emergency prior to the massive outbreak of the virus with his wife and child leaving the city seems to replay the terror plot during 911 with mass evacuation amidst police and military forces.

And the following year Smith who seems to be immune and his canine pal Sam sets off on a perilous search for vaccine and survivors reminds one of the bird flu outbreak that caused much hysteria at the height worldwide.

Lack of energy supply surely will be the end of the plot if vaccine was not found though the movie did not show this part of the crisis.With people dead and survivors living in fear and lack of skilled and experienced engineers and other oil personnel, who;’s going to drill and shipped the oil and provide the much needed energy..

This movie is a slow one but ends off with a bang as smith fights off the infected night seekers  , it’s much more than an action film but a timely reminder of the dangerous world we’re living in

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The collective matrix of a science at a given time is determined by a kind of establishment, which includes universities, learned societies, and, more recently, the editorial offices of technical journals. Like other establishments, they are consciously or unconsciously bent on preserving the status quo- partly because unorthodox innovations are a threat to their authority, but also because of the deeper fear that their laboriously erected an intellectual edifice might collapse under the impact.

By Arthur koestler

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UAE(United Arab emirates) seems to be the buzzword this days with Dubai topping the list for property developments worldwide.This is a series of efforts of breaking away from her economic reliance on the Oil sector to diversify into other sectors as fossil fuel declined beneath her ground.

Abu Dhabi the latest kid on the block seems to not only wants to rival her sister Dubai but wants to go one step ahead in creating a zero carbon city which can accomodate up to 50,000 people on a car free environment.It’s called Masdar City and will be run on Solar energy with automated pods moving people around.

Masdar City once completed in 2013 will showcase to the world that a high standard of living need not be compromised while not leaving any carbon footprint on our planet.While I’m impressed with the efforts made by Abu Dhabi, this seems to give us a false sense of illusion of an eco city fuelled by a robust oil economy.

Indeed Abu dhabi oil is not going away anytime soon as she till hold reserves for more than one century, but Masdar City is not going to be a Solution just a mirage of our modern era pumped up fossil ego.

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Japan a country of beauty, traditions yet an industrial high tech power arisen from ashes after WWII post war years may have yet have a new state mission, this time to harness the power of wind to move away from the dependency of fossil power that her economy rides on.

Coastal wind farms are being plan to set up to tap into the gales of the Pacific ocean.Meanwhile existing wind farms on the hills north of tokyo generates enough electricity to power up some 35,ooo households a year.

Already Japan is looking into some of successful places like Scotland which installed offshore turbines in deep water in 2006.In land scare island like Japan, this presents the technology to maximize the wind power for her.

Though it’s going to be naive to think that she can replace fossil energy with wind power in the land of the rising sun if she was to maintain her economic leadership in the world.Such move is neccessary for the survival of her society pampered by years of growth in her heyday era.

Like any industries Japan embark on, once it’s in for the national interest , they are most likey to do well , it’s part of the japanese makeup for the relentless pursuit of perfection However wealth and skills alone are not going to turn the tide for this far eastern isle in the next decade.

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One should like to know what a man who has no knowledge has really gained, and what a man of knowledge has not gained

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Sometimes I find the people are more interested in speculating and talking about conspiracies with no concrete evidence whatsoever because it empowers them with a world that is like a capitalist bullet train that’s going over the cliff with no driver to stop it.

The oil markets supplied by OPEC plus the enormous influence from powerful transnational companies does make a good receipe for a conspiracy plot.But it distracts us from the real issue, lower production and higher priced oil barrels that’s going to impact us the next decade.

Oil Crisis abounds 

With EIA latest forcast this year, we are seeing a probable crisis forming till end of the year that will carry itself forward to next year.

Reasons are:

World consumption in oil is going to rise higher than what the production of non-opec can supply and that leave Opec supply to offset the  higher oil prices.

EIA predication that worldwide oil production sets to double in 2009.

The facts are that oil peaked during the 70’s since the last century and people are still not awakened to this cruel reality that cheap and abundent oil are relics of the past.With this kind of mindsets from the masses both in the west and the rest of the world ,no wonder Conspiracy theories are becoming the opium of our century

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Will the real test comes in 2008 for peak oil? Will our governments tell us the plain truth and sets the pendulum swinging for serious discussion in the business and grassroots level?Anything is possible but I’m keeping my fingers crossed as Janunary has cross the middle of the month in the new year.

OPEC exclaimed..don’t blame us blame the speculators..oh right as if the oil production will increased if the trades went long in wall street.Free market forces cannot be put on a pedestal & the final solution in the light of the survival of our human species energy woes.

Saudi Arabia seem to be the only likely candidate for propping up their oil production but she has problems dealing with wahabi radicals spreading anti western propagandas in the petro funded mosques and madrasas worldwide .The new administeration after Bush this year may find himself or herself dealing with this thorny issue but it cannot go unanswered if the America is to win the war on terror.

So here I’m testing the Peak Oil theory meter and it’s not coming down anytime soon.The facts are when the worldwide energy demand rises and oil production is not keeping up with it and this is the inconvenient truth.

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