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Showing posts from December, 2011

Feldheim's renewable future

Feldheim, a village of just 145 people, is already putting into practice Germany’s vision of a future powered entirely by renewable energy.

http://paper.li/PowerSwitch_UK/1289840046

FELDHEIM, Germany (AP) — This tiny village of 37 gray homes and farm buildings clustered along the main road in a wind-swept corner of rural eastern Germany seems an unlikely place for a revolution.Yet environmentalists, experts and politicians from El Salvador to Japan to South Africa have flocked here in the past year to learn how Feldheim, a village of just 145 people, is already putting into practice Germany’s vision of a future powered entirely by renewable energy.Chancellor Angela Merkel’s government passed legislation in June setting the country on course to generate a third of its power through renewable sources — such as wind, solar, geothermal and bioenergy — within a decade, reaching 80 percent by 2050, while creating jobs, increasing energy security and reducing harmful emissions.The go…

Olivier Rech predicts oil decline shortly after 2015

Original source: Le Monde http://petrole.blog.lemonde.fr/2011/12/30/oi-will-decline-2015-according-to-a-former-expert-of-the-international-energy-agency/

Olivier Rech is a top Energy Fund Advisor and oil and gas analyst at the International Energy Advisor. In a recent interview he predicted a sharp decline in oil production somewhere between now and 2015. He is just one of numerous oil industry experts who have forecast an imminent decline in the global extraction of crude oil. He says that outside of OPEC we face an annual decline of 1 to 2 million barrels per day (bpd). This is close to the 5% annual decline predicted by Royal Dutch Shell.

The situation with OPEC is less easy to discern, but both Barclays and Goldmann Sachs believe that OPEC's figures for spare production capacity are a lot lower than they claim.

Since 2005 oil production has been on a plateau of 82m bpd. Rech believes that an increase in this figure will be next to impossible and as a result the first real oil ten…