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Australia’s national science agency, CSIRO published the report:
Our Future World: An analysis of global trends, shocks and scenarios
The report includes an interesting chart of risks identified by WEF with Likelihood plotted against Severity (in US$)…

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Ireland’s national broadcaster, RTE, put out an hour long programme on Ireland’s energy future on Monday night [Apr 26]. Pat Kenny’s weekly Frontline programme featured our Minister for Energy, Eamon Ryan, with personal wealth management guru and author of Energise, Eddie Hobbs.

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Last Wednesday, March 10th, SEI rebranded the organisation Sustainable Energy Authority of Ireland (SEAI) and launched their 5 year strategic plan.
Unfortunately, neither the term ‘Peak Oil’ nor the term ‘Energy Security’ got a single mention, unlike Climate Change.

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Campbell responds to the Guardian’s article on the IEA whistleblower.

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A debate rages regarding the Government’s plans to stimulate the economy by taking on a massive amount of debt, premised on the assumption that the economy, and especially property prices, will recover over the next few years to provide the essential collateral.

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The international community has been laboring for 10 years under the Kyoto Protocol negotiations to agree on a global reduction of energy consumption and carbon dioxide emissions of less than 10 percent by 2012. So the market has achieved within a few months what international bureaucrats – hampered by resistance from key consumer countries like the United States, China, Australia and India – have struggled to obtain in a decade.

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Many people ask: Are we running out of oil? The simple answer is; Yes, we started doing that when we consumed the first gallon. But running out is not the main point when what matters much more is the onset of decline which now dawns as we enter the Second Half of the Age of Oil.

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The World is not about to run out of oil, but what it does face is the end of the First Half of the Age of Oil.

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In 1798, Thomas Malthus predicted in An Essay on Population that the world would run out of food. In 1972 Limits to Growth, published by the Club of Rome, predicted that the world will run out of gold in 1981, mercury in 1985, tin by 1987, zinc by 1990, petroleum by 1992, and copper, lead and natural gas by 1993… These predictions were irresponsible today as they were in 1798 (and 1972). Why ? Because the authors ignore the powerful incentives that markets provide. »

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The debate on the realities of both climate change and Peak Oil has moved from ‘are they real?’ to questions concerning timing, magnitude and impact.

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