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	<title>How the West Was Warmed</title>
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	<link>http://www.howthewestwaswarmed.com</link>
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		<title>August 18 HTWWW Forum on Climate and Water, Featuring Governor John Hickenlooper</title>
		<link>http://www.howthewestwaswarmed.com/2011/07/14/august-18-htwww-forum-on-climate-and-water-featuring-governor-john-hickenlooper/</link>
		<comments>http://www.howthewestwaswarmed.com/2011/07/14/august-18-htwww-forum-on-climate-and-water-featuring-governor-john-hickenlooper/#comments</comments>
		<pubDate>Thu, 14 Jul 2011 18:25:43 +0000</pubDate>
		<dc:creator>Beth</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.howthewestwaswarmed.com/?p=493</guid>
		<description><![CDATA[Since “How the West was Warmed” was published in 2009, much has changed. The topic of climate change has become...<br /><a href="http://www.howthewestwaswarmed.com/2011/07/14/august-18-htwww-forum-on-climate-and-water-featuring-governor-john-hickenlooper/">more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>Since “How the West was Warmed” was published<br />
in 2009, much has changed. The topic of climate<br />
change has become politically charged even while<br />
the scientific documentation of warming has<br />
mounted. Increasing moisture in the atmosphere<br />
has generated unusual numbers and severity<br />
of storms nationwide, including Colorado, this<br />
year. Changing climate trends are being carefully<br />
studied by scientists, water utilities and policy<br />
makers to gauge the risks to our regional water<br />
supply now and in the future.<br />
This panel will bring together book contributors Governor John<br />
Hickenlooper and Brad Udall, Director, Western Water<br />
Assessment, NOAA, as well as regional water experts Jim<br />
Lochhead of Denver Water and state DNR Deputy Director for<br />
Water Alex Davis, along with Nature Conservancy of Colorado<br />
Director Tim Sullivan to explore the future of water in our state<br />
in the face of climate change, and growing pressure to balance<br />
municipal/ industrial, agricultural and environmental needs.<br />
This event will open with a new short film, Chasing Water, by<br />
Basalt photographer Peter McBride. Following the event, books<br />
will be sold and signed (both “How the West Was Warmed”<br />
and McBride’s book, with author Jonathan Waterman, “The<br />
Colorado River: Flowing Through Conflict”).</p>
<p>Get your tickets <a href="http://chautauqua.frontgatetickets.com/choose.php?a=1&amp;lid=54690&amp;eid=62520">here</a> !</p>
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		<title>HTWWW featured by Aspen Skiing Co!</title>
		<link>http://www.howthewestwaswarmed.com/2010/08/30/htwww-featured-by-aspen-skiing-co/</link>
		<comments>http://www.howthewestwaswarmed.com/2010/08/30/htwww-featured-by-aspen-skiing-co/#comments</comments>
		<pubDate>Mon, 30 Aug 2010 16:26:49 +0000</pubDate>
		<dc:creator>Beth</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://www.howthewestwaswarmed.com/?p=487</guid>
		<description><![CDATA[How the West Was Warmed is featured in the new Aspen Skiing Co 2010 Sustainability Report! Contributor Auden Schendler includes...<br /><a href="http://www.howthewestwaswarmed.com/2010/08/30/htwww-featured-by-aspen-skiing-co/">more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>How the West Was Warmed is featured in the new Aspen Skiing Co 2010 Sustainability Report! Contributor Auden Schendler includes the book in a centerfold pin-up featuring highlights of his work from the past year. Find it posted <a href="http://www.aspensnowmass.com/environment/programs/sustainreport.cfm">here</a> soon. Thanks, Auden!</p>
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		<title>A very special evening to benefit Colorado Conservation Voters</title>
		<link>http://www.howthewestwaswarmed.com/2010/05/21/a-very-special-evening-to-benefit-colorado-conservation-voters/</link>
		<comments>http://www.howthewestwaswarmed.com/2010/05/21/a-very-special-evening-to-benefit-colorado-conservation-voters/#comments</comments>
		<pubDate>Fri, 21 May 2010 14:44:06 +0000</pubDate>
		<dc:creator>Beth</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.howthewestwaswarmed.com/?p=482</guid>
		<description><![CDATA[Please join editor Beth Conover and contributing authors of How the West was Warmed for a special event to support...<br /><a href="http://www.howthewestwaswarmed.com/2010/05/21/a-very-special-evening-to-benefit-colorado-conservation-voters/">more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>Please join editor Beth Conover and contributing authors of <strong>How the West was Warmed</strong> for a special event to support<br />
<strong>Colorado Conservation Voters</strong> &#8211; <strong>Wednesday, June 16th, 6-8 pm</strong> at the home of Martha Records and Rich Rainaldi, 1215 Detroit Street, Denver CO. Featuring the latest updates on conservation policy in Colorado, editor comments, author readings and light refreshments.<br />
$35 suggested minimum contribution.<br />
Contributors of $50 or more will receive a complimentary copy of How the West Was Warmed.<br />
Please <strong>RSVP to Ben Gregory at bgregory@coloradoconservationvoters.org, 303-454-3349</strong></p>
<p>Your Host Committee for the evening<br />
Rich Rainaldi and Martha Records, Jerry Conover and Jacquelyn Wonder, Laurie and Marty Zeller</p>
<p>Special How the West Was Warmed Author Host Committee<br />
Beth Conover, David Akerson, Diane Carman, Megan Castle, Mark Eddy, Jill Hanauer, Peter Heller, Jocelyn Hittle, Susan Innis, Kirk Johnson, Todd Neff, Laura Pritchett, Josh Radoff, Hillary Rosner, Auden Schendler, Ken Snyder, Tim Sullivan, Brad Udall, Florence Williams</p>
<p>Colorado Conservation Voters turns conservation values into Colorado priorities.  Online at www.coloradoconservationvoters.org.  The first $50 of eligible contributions will directly support pro-environment candidates through the CCV Action Fund &#8211; Small Donor Committee.</p>
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		<title>Book sales to benefit science reporting, advocacy groups</title>
		<link>http://www.howthewestwaswarmed.com/2010/05/14/book-sales-to-benefit-science-reporting-advocacy-groups/</link>
		<comments>http://www.howthewestwaswarmed.com/2010/05/14/book-sales-to-benefit-science-reporting-advocacy-groups/#comments</comments>
		<pubDate>Fri, 14 May 2010 23:11:44 +0000</pubDate>
		<dc:creator>Beth</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.howthewestwaswarmed.com/?p=476</guid>
		<description><![CDATA[20% of royalties from How the West Was Warmed will be donated to two nonprofit organizations. The High Country News...<br /><a href="http://www.howthewestwaswarmed.com/2010/05/14/book-sales-to-benefit-science-reporting-advocacy-groups/">more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>20% of royalties from How the West Was Warmed will be donated to two nonprofit organizations. The <a href="http://www.hcn.org/about/mission">High Country News Research Fund</a> supports excellent regional science reporting, which we need now more than ever, and <a href="http://www.westernresourceadvocates.org/">Western Resource Advocates</a> energy program does excellent analysis and advocacy for a clean energy future. Every book purchased will help to support these two excellent groups.</p>
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		<title>Aspen Ski Co&#8217;s Auden Schendler on God, Climate &amp; Hope</title>
		<link>http://www.howthewestwaswarmed.com/2010/05/04/auden-schendler-on-god-climate-hope/</link>
		<comments>http://www.howthewestwaswarmed.com/2010/05/04/auden-schendler-on-god-climate-hope/#comments</comments>
		<pubDate>Tue, 04 May 2010 16:13:42 +0000</pubDate>
		<dc:creator>Beth</dc:creator>
				<category><![CDATA[Excerpts]]></category>

		<guid isPermaLink="false">http://www.howthewestwaswarmed.com/?p=114</guid>
		<description><![CDATA[Auden Schendler is Executive Director of Sustainability at Aspen Skiing Company. His writing has been published in Harvard Business Review,...<br /><a href="http://www.howthewestwaswarmed.com/2010/05/04/auden-schendler-on-god-climate-hope/">more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p><em>Auden Schendler is Executive Director of Sustainability at Aspen Skiing Company. His writing has been published in </em><em>Harvard Business Review, the </em><em>L.A. Times, Rock and Ice, and </em><em>Salon.com, among other places. His book </em><strong><em>Getting Green Done: Hard Truths from the Front Lines of the Sustainability Revolution </em></strong><em>was published in 2009</em><strong><em>.</em></strong></p>
<p>Excerpt:</p>
<p>&#8220;&#8230; Given the extreme challenges we face in implementing solutions—<br />
whether trying to make mass transit work, fixing the problem of existing<br />
buildings, building enough renewable energy to power our operations, or<br />
driving federal action on climate policy—it’s worth asking the question: what<br />
will motivate us to actually pull this off? How will we become, and then<br />
remain, inspired for the long slog ahead? Because this battle will take not just<br />
political will and corporate action; it will require unyielding commitment<br />
and dedication on the part of humanity. We need to literally remake society.<br />
We can intellectualize the need for action all we want, but in my experience,<br />
in the end our motivation usually comes down to a cliché: our kids<br />
and, for want of a better word, our dignity. Journalist Bill Moyers has said,<br />
“What we need to match the science of human health is what the ancient<br />
Israelites called ‘hocma’—the science of the heart…the capacity to see…to<br />
feel…and then to act…as if the future depended on you. Believe me, it does.”<br />
Moyers, who is an ordained Baptist minister, taps into something positively<br />
religious about the possibilities in a grand movement to protect Earth.<br />
Climate change offers us something immensely valuable and difficult to find<br />
in the modern world: the opportunity to participate in a movement that,<br />
in its vastness of scope, can fulfill the universal human need for a sense<br />
of meaning in our lives. A climate solution—a world running efficiently</p>
<p>on abundant clean energy—by necessity goes a long way toward solving</p>
<p>many, if not most, other problems too: poverty, hunger, disease, water supply,<br />
equity, solid waste, and on and on.<br />
Climate change doesn’t have to scare us. It can inspire us; it is a singular<br />
opportunity to remake society in the image of our greatest dreams.&#8221;</p>
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		<title>Brad Udall on Climate Change and Water in the Rockies</title>
		<link>http://www.howthewestwaswarmed.com/2010/05/03/brad-udall-on-climate-change-and-water-in-the-rockies/</link>
		<comments>http://www.howthewestwaswarmed.com/2010/05/03/brad-udall-on-climate-change-and-water-in-the-rockies/#comments</comments>
		<pubDate>Mon, 03 May 2010 17:58:37 +0000</pubDate>
		<dc:creator>Beth</dc:creator>
				<category><![CDATA[Excerpts]]></category>

		<guid isPermaLink="false">http://www.howthewestwaswarmed.com/?p=123</guid>
		<description><![CDATA[I am very fortunate  to have two Udall brothers contributing to this volume &#8211; Carbondale-based James R (Randy) Udall, excerpted...<br /><a href="http://www.howthewestwaswarmed.com/2010/05/03/brad-udall-on-climate-change-and-water-in-the-rockies/">more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>I am very fortunate  to have two Udall brothers contributing to this volume &#8211; Carbondale-based James R (Randy) Udall, excerpted earlier this week, is an energy efficiency expert and analyst. Boulder-based scientist Brad Udall works nationally on western water issues as they relate to climate change. Like their father, the late Senator &#8220;Mo&#8221; Udall, their cousin (Senator Tom Udall, D-NM) and their brother (Senator Mark Udall, D-CO), they are playing a critical role in the debate about the use and the future of western resources.</p>
<p><em>Brad Udall is a research scientist and the director of the National Oceanic and Atmospheric Administration–funded Western Water Assessment at the University of Colorado. He studies the impacts of climate change on the Colorado River and the West.</em></p>
<p>Excerpt:</p>
<p>&#8220;We are already seeing the effects of climate change in Colorado and around the West. Temperatures have warmed by over two degrees Fahrenheit since 1970. Spring runoff is occurring earlier in almost all snowmelt basins in the West. A greater proportion of our annual precipitation is now coming as rain instead of snow, even at our highest elevations. Forest fires in the West since 1986 are significantly bigger, longer, and more destructive, and these changes highly correlate to warmer temperatures. Droughts are more severe and last longer. The recent mountain pine beetle epidemic—caused partly by climate change, partly by natural cycle, and partly by human fire management—is now at 2 million acres and is fundamentally changing our<br />
mountain landscapes and mountain hydrology. Recent state-of-the-art studies have attributed many of these western effects to warming caused by greenhouse gases.</p>
<p>All of these impacts have a strong connection to water. In fact, changes in water availability, not higher temperatures, will be the delivery mechanism for many of the most significant impacts of climate change. Additional heat will fundamentally alter the water cycle—the vast solar-powered cycle that evaporates huge quantities of water from the oceans and moves that water to land every day. The water cycle, the primary mechanism for redistributing heat on the planet, moves heat from places where there is too much, like at the equator, to places where there is too little, like at the poles. Big ocean currents, such as the Gulf Stream, and water vapor carried in storms are two critical mechanisms used by the Earth to transport heat poleward. These very large movements of heat determine our weather. With additional heat due to climate change, we will experience significant changes in the patterns of weather and water in the twenty-first century, the very definition of climate change. The western United States will experience<br />
the brunt of these changes&#8230;&#8221;</p>
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		<title>Todd Neff on &#8220;Getting the Fear&#8221;</title>
		<link>http://www.howthewestwaswarmed.com/2010/05/02/todd-neff-on-getting-the-fear/</link>
		<comments>http://www.howthewestwaswarmed.com/2010/05/02/todd-neff-on-getting-the-fear/#comments</comments>
		<pubDate>Sun, 02 May 2010 19:55:42 +0000</pubDate>
		<dc:creator>Beth</dc:creator>
				<category><![CDATA[Excerpts]]></category>

		<guid isPermaLink="false">http://www.howthewestwaswarmed.com/?p=133</guid>
		<description><![CDATA[Todd Neff is a Denver-based writer. He got the fear while he was science and environment reporter at the Boulder...<br /><a href="http://www.howthewestwaswarmed.com/2010/05/02/todd-neff-on-getting-the-fear/">more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p><em>Todd Neff is a Denver-based writer. He got the fear while he was science and environment reporter at the Boulder Daily Camera. His website is www.toddneff.com.</em></p>
<p>As I type these words, electrical pulses in a notebook computer somehow<br />
translate the mechanical thrusts of my fingertips into New Times Roman on<br />
a flat-screen monitor. The laser printer hums to my right, the dishwasher<br />
and washing machine rumble from different corners of the house. There<br />
are lamps, phone chargers, a garage refrigerator/freezer keeping unhealthy<br />
foods and bags of elderberries in a state of suspended animation. The furnace<br />
just kicked on, turning Rocky Mountain methane—four hydrogens<br />
mobbing a carbon, derived from photosynthesizers that haven’t bagged a<br />
photon in 50 million years—into blue flames and parched, sustained gusts<br />
from grated holes in the floor.</p>
<p>&#8230; When I accompany my daughters to their Montessori school, I bring<br />
along 5,600 pounds of fossil-fired Chrysler Town &amp; County. When I return,<br />
I employ a device that uses a tiny propeller to atomize beans grown thousands<br />
of miles south of Denver, and another to heat water somewhere below<br />
the boiling point to strip vital stimulant from the carnage. And I think nothing<br />
of it, generally, any more than I spend time thinking about all those liters<br />
of blood flowing through my body, or about what my pancreas is up to at the<br />
moment, or that I’m breathing.<br />
Energy is so fundamental, so abundant, so pervasive, it has no real<br />
meaning to us. Noticeable only when it disappears, it is classic infrastructure.<br />
But unlike a road, we have no sense of energy as a thing in itself—only<br />
its products: light, heat, work, motion.</p>
<p>&#8230;. What would reducing 80 percent of my carbon output mean? I think<br />
about scarcely roughed-up coffee beans producing lukewarm swill, twohour<br />
workdays, a January thermostat set to forty-two degrees. About driving<br />
my preschoolers 25 percent of the way to school—to the convenience store<br />
at Eleventh Avenue and Yosemite, roughly, from which they’d walk, through<br />
rain, snow, and sleet, like little postal workers.</p>
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		<title>Michael Jamison on Glacier National Park (and other endangered places)</title>
		<link>http://www.howthewestwaswarmed.com/2010/05/01/michael-jamison-on-glacier-national-park-and-other-endangered-places/</link>
		<comments>http://www.howthewestwaswarmed.com/2010/05/01/michael-jamison-on-glacier-national-park-and-other-endangered-places/#comments</comments>
		<pubDate>Sat, 01 May 2010 15:32:58 +0000</pubDate>
		<dc:creator>Beth</dc:creator>
				<category><![CDATA[Excerpts]]></category>

		<guid isPermaLink="false">http://www.howthewestwaswarmed.com/?p=108</guid>
		<description><![CDATA[Michael Jamison is a print journalist based in northwest Montana. He operates a bureau for the Missoulian newspaper, working from...<br /><a href="http://www.howthewestwaswarmed.com/2010/05/01/michael-jamison-on-glacier-national-park-and-other-endangered-places/">more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p><em>Michael Jamison is a print journalist based in northwest Montana. He operates a bureau for the Missoulian newspaper, working from the fringes of Glacier National Park and reporting on environmental science issues.</em></p>
<p>&#8230;</p>
<p>The National Park Service (NPS), in recent years, has emerged as an undisputed leader among public<br />
land-management agencies in terms of climate-change action and education.<br />
Perhaps that’s because all the best science points to a Glacier National<br />
Park without its glaciers, a Joshua Tree National Park without Joshua trees,<br />
an Everglades National Park without everglades. A Saguaro without saguaros,<br />
a Cascade without cascades, a Mesa Verde not so verde.</p>
<p>At risk are beaches in the Golden Gate National Recreation Area, ancient<br />
petroglyphs in Olympic National Park, forests in Yellowstone National Park,<br />
and almost all of historic (and low-lying) Jamestown, Virginia, in Colonial<br />
National Historic Park. Imagine Rocky Mountain National Park without its<br />
snowcapped peaks, or Isle Royale without its wolves and moose.</p>
<p>&#8230;.</p>
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		<title>Jim Robbins on Dead Trees</title>
		<link>http://www.howthewestwaswarmed.com/2010/04/30/jim-robbins-on-dead-trees/</link>
		<comments>http://www.howthewestwaswarmed.com/2010/04/30/jim-robbins-on-dead-trees/#comments</comments>
		<pubDate>Fri, 30 Apr 2010 16:07:31 +0000</pubDate>
		<dc:creator>Beth</dc:creator>
				<category><![CDATA[Excerpts]]></category>

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		<description><![CDATA[Jim Robbins is a freelance journalist in Helena, Montana, where he has written for The New York Times for more...<br /><a href="http://www.howthewestwaswarmed.com/2010/04/30/jim-robbins-on-dead-trees/">more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p><em>Jim Robbins is a freelance journalist in Helena, Montana, where he has written for The New York Times for more than twenty-five years. He is also a frequent contributor to Condé Nast Traveler, for which he has written environmentally themed travel stories on Peru, Chile, Mongolia, Sweden, Mexico, and numerous other places. He has written three books, most recently on the critical role of the process of attention in human physiology and psychology.</em></p>
<p>Excerpt:<em><br />
</em></p>
<p>The beetles, experts say, will have their way and only be checked if bitterly<br />
cold weather returns to the Rockies—which hasn’t happened since the 1980s.<br />
While Montana has seen a million acres killed or dying, in northern<br />
Colorado and southern Wyoming the crisis in the states’ lodgepole pine forests<br />
is historically unprecedented.<br />
“We’re seeing exponential growth of the infestation,” says Clint Kyhl,<br />
director of an incident-management team in Laramie, Wyoming, set up to deal<br />
with the crisis caused by the huge swath of dead forests in northern Colorado<br />
and southern Wyoming. In 2006, there were a million acres of dead trees. Last<br />
year, it was 1.5 million. This year, it is expected to total over 2 million.<br />
In the next three to five years, Kyhl says, virtually all of Colorado’s<br />
lodgepole pine trees over five inches in diameter will be lost, about 5 million<br />
acres. “Already, in many places every lodgepole over five inches is dead as<br />
far as the eye can see,” he says. (There’s not enough food in a tree to sustain<br />
the beetles if it’s less than five inches tall.)<br />
Lodgepole pines are largely confined to high altitudes. But the beetles<br />
have moved into ponderosa pine forests on Colorado’s Front Range, Kyhl<br />
says, which means they could kill forests around homes in the densely populated<br />
region.<br />
In the Canadian provinces of British Columbia and Alberta, the problem<br />
is most severe of all, the largest known insect infestation in the history<br />
of North America, according to officials. British Columbia has lost more<br />
than 34 million acres of lodgepole pine forest, and a freak wind event last<br />
year blew beetles over the Continental Divide to Alberta.<br />
Cold weather always kept the beetles from crossing over. To keep the<br />
bugs in check, several days of temperatures that touch forty below zero are<br />
needed. But warmer temperatures and the wind changed the beetles’ range,<br />
and experts fear they could travel all the way to the Great Lakes.<br />
So many trees have died in British Columbia, and so much carbon from<br />
the dying trees has been released into the environment, that experts say the<br />
forests have gone from a carbon sink to a carbon source.<br />
The death of the forests worries the tourism industry across the West.<br />
Because of the hazard of falling trees, many ski areas have had to cut down<br />
their forests and revegetate. At Vail Resort, for example, which has been<br />
particularly hard-hit, workers have removed thousands of dead trees and<br />
planted new ones.<br />
The dead trees that blanket the mountains are shifting ecosystems as<br />
well. In Yellowstone, for example, the beetles are killing the whitebark pine<br />
trees, which grow nuts rich in fat that are critical to grizzly bears. Biologists<br />
say streams will flood because live trees will no longer catch snow and allow<br />
it to slowly melt, and thus the epidemic could injure salmon.</p>
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		<title>Steve Andrews on Oil Scarcity and Climate Change</title>
		<link>http://www.howthewestwaswarmed.com/2010/04/21/steve-andrews-on-oil-scarcity-and-climate-change/</link>
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		<pubDate>Wed, 21 Apr 2010 16:26:41 +0000</pubDate>
		<dc:creator>Beth</dc:creator>
				<category><![CDATA[Excerpts]]></category>

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		<description><![CDATA[Steve Andrews has thirty years of experience in the energy sector in consulting with builders, municipalities, and utilities, as well...<br /><a href="http://www.howthewestwaswarmed.com/2010/04/21/steve-andrews-on-oil-scarcity-and-climate-change/">more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p><em>Steve Andrews has thirty years of experience in the energy sector in consulting with builders, municipalities, and utilities, as well as working with public television shows and freelance writing. In 2005, he cofounded the nonprofit Association for the Study of Peak Oil and Gas–USA.</em></p>
<p>Roughly 36 percent of the world’s commercial energy comes from oil. While shares for the other fossil fuels—coal (27 percent) and natural gas (23 percent)— are on the rise, the flow of oil proves tough to replace. And that flow, at plus or minus 84 million barrels a day, is enormous.</p>
<p>How big? If you ever cross the bridge over the Colorado River in the<br />
western Colorado town of Glenwood Springs during late July, look down.<br />
The river rushing below roughly equals the amount of oil the world is<br />
consuming at that moment in time.</p>
<p>In the United States, close to 70 percent of the 19 million barrels we<br />
consume daily runs our transportation system. Within that transportation<br />
sector, the largest share goes to gasoline, then diesel and jet fuel. Oil consumption in power plants declined from 17 percent in the early 1970s to 2 percent today. This means that cutting down on our oil use revolves tightly around our transportation system, not the power-generation sector.</p>
<p>Oil Scarcity<br />
We’re not running out of oil, either in the United States or around the world. But we’re running out of options to steadily increase the available supply. In fact, before the 2008 recession, it was getting tough just to maintain oil production at then-current levels. Declining annual production in older fields was catching up to the more-publicized gains in new fields coming on line. Then, after the last fast growth period (2003 to 2004), production flattened.</p>
<p>With increasing frequency, new countries join the unfortunate club<br />
of oil-producing nations in which production has slipped into permanent<br />
decline. Among the world’s twenty largest oil producers (the Big 20), which<br />
produce most (84 percent) of the world’s oil, the first to decline was the<br />
United States (1970), then Indonesia (1977), the United Kingdom (1999), Norway (2001), and Mexico (2004). Figure 1 shows that over half of the Big 20 are either experiencing flat or volatile production (including Russia, Iraq, and Nigeria) or have passed their peak production and are in decline. While the remainder still grow their supply, some nations (including China and Azerbaijan) are approaching their peak production era; declines will follow soon.</p>
<p>Eventually, the math dictates that declines will more than offset gains.<br />
At that point, world oil production will have hit an all-time high, a peak.<br />
In May 2009, a report by the respected investment analyst firm Raymond<br />
James &amp; Associates stated that “peak oil on a worldwide basis seems to have taken place in early 2008.” They concluded that “reaching peak oil still represents a transformative moment in the history of the oil market…it is only a matter of time before prices begin to reflect the reality that oil scarcity may become a fact of life in the not-too-distant future.”</p>
<p>Raymond James is only the latest to reach this conclusion. In Denver,<br />
in the spring of 2009, widely respected oil-industry financial analyst Tom<br />
Petrie said, “you can make a good argument” that world oil production won’t<br />
ever exceed last summer’s peak. Capital funds manager T. Boone Pickens<br />
agrees. Back in the fall of 2007, Sadad Al-Husseini, retired vice president for<br />
Saudi Aramco, the world’s largest oil company, stated that world oil production<br />
was within a year or two of hitting a final plateau. Christophe de Margerie,<br />
chief executive officer of France’s oil giant Total, said in the winter of<br />
2009 that world oil production would probably never exceed 90 million barrels per day—a level only marginally above last summer’s high (87 million barrels per day). Other companies and organizations identifying oil scarcity as a near-term concern include Toyota, Merrill Lynch, Deutsche Aerospace, Volvo Trucks, the US Army Corps of Engineers, the World Resources Institute, and the nation of Sweden, among others.</p>
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