Peak Oil, the Decline of Peak Oil, the Decline of the North Sea and - - PowerPoint PPT Presentation

peak oil the decline of peak oil the decline of the north
SMART_READER_LITE
LIVE PREVIEW

Peak Oil, the Decline of Peak Oil, the Decline of the North Sea and - - PowerPoint PPT Presentation

Peak Oil, the Decline of Peak Oil, the Decline of the North Sea and the North Sea and Britain's Energy Future Britain's Energy Future A presentation to the All Party Parliamentary Group on Peak Oil Tuesday 24 th November 2009 Paul Mobbs


slide-1
SLIDE 1

Peak Oil, the Decline of Peak Oil, the Decline of the North Sea and the North Sea and Britain's Energy Future Britain's Energy Future

A presentation to the All Party Parliamentary Group on Peak Oil

Tuesday 24th November 2009

Paul Mobbs

Mobbs' Environmental Investigations & Research

http://www.fraw.org.uk/mei/ mei@fraw.org.uk

slide-2
SLIDE 2

ENERGY

A holistic versus specific view...

FUEL ASSET VALUE

ECONOMIC ACTIVITY

slide-3
SLIDE 3

ENERGY

A holistic versus specific view...

FUEL ASSET VALUE

ECONOMIC ACTIVITY National wealth Loan guarantee Inward investment

slide-4
SLIDE 4

FUEL

ENERGY

A holistic versus specific view...

ASSET VALUE

ECONOMIC ACTIVITY National wealth Loan guarantee Inward investment Confidence Capital investment Monetary flows

slide-5
SLIDE 5

ASSET VALUE

ENERGY

A holistic versus specific view...

FUEL

ECONOMIC ACTIVITY National wealth Loan guarantee Inward investment Capital investment Monetary flows Confidence Security of supply Low prices

(supply chain efficiency)

slide-6
SLIDE 6

Petroleum balance, 1930-2020

UK “peak oil”, 1999

Supply

slide-7
SLIDE 7

UK natural gas balance, 1930-2020

UK “peak gas”, 2003

slide-8
SLIDE 8

UK coal balance, 1930-2020

UK “peak coal”, ~1925

slide-9
SLIDE 9

UK energy supply balance, 1930-2020

Total supply

slide-10
SLIDE 10

Projections and uncertainties

The UK energy trade produced a £7bn surplus in 2000, but a £9bn deficit In 2008. The energy-related proportion of the goods & services trade deficit was: 2005, 10%; 2006, 12%; 2007, 15%; 2008, 25%

slide-11
SLIDE 11

An economic not just energy transition

The implications of North Sea and coalfield depletion are far greater than just 'energy security' – they pose significant economic challenges for the operation of the economy

Depletion is significant not only because of the drain of capital from the economy, but also the loss of foreign exchange from exports to pay for external debt – we will have to spend more outside the economy to pay for fuel

Within the economy the loss of revenue poses problems for public finances and investment

slide-12
SLIDE 12

An economic not just energy transition

There is a relationship between energy, energy efficiency and economic growth – changing the energy return (EROEI) and energy “quality” of the primary energy supply must have an effect on economic growth.

I make no prognostications on “solutions” as the options are beyond the political concept of “business as usual”. It's a change every bit as radical as the 1980s

slide-13
SLIDE 13

An economic not just energy transition

Its impact on the politics and public finances of Britain... can hardly be exaggerated. It helped bank- roll Thatcherism... Some economists... have argued that without it the Thatcher experiment would have collapsed during 1981-2. One observer says: 'The Industrial shake-out of the early eighties, of which unemployment above three million was the conse- quence, was indeed financed with the considerable help of the oil revenues'. So there, to start with, is an irony. A great new source of national wealth helped to produce mass unemployment, or at least make it politically possible.

Part 4, A History of Modern Britain, Andrew Marr, 2009

slide-14
SLIDE 14

Further reading...

The graphs and information from this presentation, including sources and links are detailed in the handout for this presentation – available on-line from my web site at: http://www.fraw.org.uk/mei/ Further information is available both from my book and the Free Range Energy Beyond Oil Project: http://www.fraw.org.uk/ebo/ In early 2010 I'll be undertaking another workshop tour of Britain – details available from early December

  • n the tour website:

http://www.fraw.org.uk/tour/