The gas guzzling cars driven in the west London spiritual home of the “Chelsea tractor” are the most polluting in Britain, official figures reveal today. The 44,732 cars registered in Kensington & Chelsea belch an average of 177.7 grams of carbon dioxide for every kilometre driven, far higher than the London average of 163.5 grams.
The projections that had been circulating during the past few months turned out to be correct. Now, it is official: the global carbon dioxide (CO2) emissions peaked in 2014 and went down in 2015. And this could be a momentous change. Don’t expect the emission peak, alone, to save us from the impending climate disaster,
Another Oil Crash Is Coming, and There May Be No Recovery. Superior electric cars are on their way, and they could begin to wreck oil markets within a decade. It’s time for oil investors to start taking electric cars seriously. In the next two years, Tesla and Chevy plan to start selling electric cars with
Will global oil demand peak by 2030? Is peak oil demand the new peak oil supply? Many trends now point in the direction of this remarkable possibility: In December the nations of the world agreed unanimously in Paris to leave most of the world fossil fuels in the ground. Oil demand has been declining in
Hedge fund manager and Kynikos Associates President, Jim Chanos was interviewed on CNBC on Thursday, and had a couple interesting (and uncharacteristic) observations worth noting. The first being bullish on solar, but still maintaining a short position in Solar City (of whom Chanos says is not a tech company, but a finance company); despite the
In mid-August, TomDispatch’s Michael Klare wrote presciently of the oncoming global oil glut, the way it was driving the price of petroleum into the “energy subbasement,” and how such a financial “rout,” if extended over the next couple of years, might lead toward a new (and better) world of energy. As it happens, the first
Every now and then the Internet serves up something perfectly pitched to what you assumed were your own very individual fears. On Thursday, for me, that was Romie Stott’s “futurist vision of retirement planning” at The Billfold. Planning for the eventual end of paid work isn’t just difficult because life is expensive and saving money
There are a lot of doom-and-gloom messages going around at the moment – it’s hard to know which to believe. Here’s a smorgasbord of articles that caught my eye, though they’re only a small selection of what’s out there. Biosphere collapse: the biggest economic bubble ever Worried about debt, defaults and deficits? Save up
[From December 2013] Industry expert warns of grim future of ‘recession’ driven ‘resource wars’ at University College London lecture A former British Petroleum (BP) geologist has warned that the age of cheap oil is long gone, bringing with it the danger of “continuous recession” and increased risk of conflict and hunger. At a lecture on
Peak oil round up
There’s a lot of discussion in the ‘blogosphere’ of whether we’re starting to see the effects of peak oil in our economic woes – here are some highlights (and don’t forget my blog post). 2015 Could Be The Year Of Peak Oil … I am now more convinced than ever that 2015 will see
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