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Monday December 20, 2004 15:19
by redjade
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Jump To Comment: 1 2 3World scarcity of oil and gas creates chance to accelerate response to climate change
http://www.feasta.org/documents/energy/BA_press_release.htm
The recent peak in oil prices was due to the depletion of the world's reserves rather than temporary supply problems in a number of countries, Feasta, an Irish-based research organisation claimed at the COP-10 climate conference in Buenos Aires today. (Monday, December 13th)
"The climate change discussions taking place here are based on the assumption that there is plenty of oil and gas still available to power the world economy," Richard Douthwaite of Feasta said. "That's just not true. The world's production of oil is about as high as it will ever go and natural gas production will stop rising in the next ten years."
[....]
"Accordingly, Feasta is proposing that the energy-importing countries set up a fossil energy buyers' cartel to negotiate with OPEC, the oil and gas producers' cartel, and with the coal producing countries. The buyers' cartel would set a fair, stable price with the producers for their output which would compensate them for restricting their production and enable them to afford to make their reserves last longer. It would then distribute the fossil fuels it had bought amongst the consumers in a way which ensured that everyone not only the rich - got a share."
[....]
The full text of the Feasta proposal, The Three Crises: Oil Prices, Climate Change and International Debt, can be downloaded from http://www.feasta.org/documents/energy/three_crises.pdf (PDF document, 416K)
Nice to see these ideas spreading through the news outlets.
This came to our attention from a forum discussion on our site, and is quite compelling given the source.
I would like to encourage all your readers to visit http://peakoil.com and join in the Internet's most active peakoil discussion board.
Thanks to the guys at http://energybulletin.com & IndyMedia.
Canadian Professor Develops Plastic that More Efficiently Converts Solar Energy
http://www.commondreams.org/headlines05/0110-07.htm
Researchers at the University of Toronto have invented an infrared-sensitive material that's five times more efficient at turning the sun's power into electrical energy than current methods.
The discovery could lead to shirts and sweaters capable of recharging our cellphones and other wireless devices, said Ted Sargent, professor of electrical and computer engineering at the university.