In this week's report: (click this link to access online copy of PDF)

My Peak Oil journey started six years ago. (page 1 )

I was wrong about potential airlines cost saving efforts. (page 1 )

Poor Boeing, they can't get out of their own way. (page 1 )

Gasoline and distillate consumption. (page 3 )

Shell plans to build the world's largest ship. (page 4 )

UKERC – Peak Oil before 2020.

The Daily Telegraph (Oct. 8^th) – "The most recent estimation from the International Energy Agency, that advises Governments around the world, said conventional oil would not peak until after 2030.

However an authoritative new study from the Government-funded UK Energy Research Council called this prediction "at best optimistic and at worst implausible". The peer-reviewed research looked at 500 studies from around the world and took into account the difficulty of accessing new oil fields as well as growing demand. It predicted oil will begin running out before 2030 and there is a "significant risk" peak oil will be reached before 2020."

It is difficult to reconcile the UKERC's report implications and those put forth in another report by Deutsche Bank which is also covered in this week's report. The boys at Deutsche appear to be in the optimistic camp.

More on the UKERC report and a link to the original in this week's Master Resource Report.

Batteries or Fuel-Cells?

Bloomberg (Oct. 9^th) – "General Motors Co., Toyota Motor Corp. and other automakers want to sell consumers electric cars powered by hydrogen within six years. Their plans clash with the U.S. government's infrastructure priorities." Since I have driven a fuel-cell car and an electric car I admit I prefer the fuel-cell. The issue will be which of these two systems can manage the infrastructure issues. Remember both hydrogen and batteries are just storage forms, they are not primary energy sources like fossil fuels or solar energy. They also have and energy density problem which continues to be improved. Stay tuned the outcome will be both interesting and critical to the transportation world ahead.

This is about the same relationship the U.S. has for oil consumption to reserves.

Economist (Oct. 3^rd) – "China has the busiest railways in the world, according to the World Bank. It carries a quarter of the world's traffic on 6% of its track." There is going to be plenty of tracked laid in China.

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