New Russian energy outlook (Russian peak?)
Today Ron Patterson posted some highlights from the latest energy outlook which is conducted annually by a team of Russian analysts.
In one scenario they forecast a peak in coal production prior to 2040. In all scenarios they see abundant oil supply. Many of these projections seem quite unrealistic (Canada at over 7 mbpd in 20 years time?).
Ron has warned for some time that Russian oil production is peaking. He feels that this new outlook confirms that view, which is the real story here:
http://peakoilbarrel.com/russias-take/#more-4111
The lights are going to stay on; well they might not
Being a typical English summer day, with a host of very news worthy items in the foreground, it is a good time to announce this:
Quote:
National Grid announced on Tuesday that it would begin recruiting idle or mothballed power plants, which would be paid to ensure they could fire up if needed as a "last resort".
The Grid had said in June that the emergency plan to boost power supplies would not be needed this year. However, it has resorted to using it because five of the power plants it had expected to be running this winter are now shut down or are in doubt.
Link:http://www.telegraph.co.uk/finance/n...h-worsens.html
This is nothing to do with any Russian dependency, rather mishaps with a number of generating plants in the UK.