Over the past few months the global energy situation has made some significant shifts. One of the potentially most far reaching of these is the drop in oil prices. Last Thursday, after Opec decided to continue pumping its oil at the same rate as it had been doing, oil prices hit a four-year low of just over $71 per barrel. The reason is that the availability of oil exceeds the demand for it; Economics 101. America’s greatly increased oil production, largely from shale, is clearly distorting the market by adding to that surplus availability. Our previous forecasts of hitting the absolute peak of oil production have to be modified.
For some stakeholders in energy this situation is an oil bonanza; for others it is an oil crisis. For commuters worldwide the lower price at the gas pump is a gift, an incentive to buy a new gas guzzler rather than a hybrid or an electric car, to increase the rate of global warming. For those of us trying to persuade people to telecommute this situation feels like a new oil crisis. High oil prices supposedly help encourage individuals to telecommute. Will low oil prices act to discourage telecommuting? Here is some history.
Continue reading Is telecommuting facing a new oil crisis?
As the “unseasonal” cold snaps and blizzards continue in parts of the US—and as other parts experience unseasonal warmth—the evidence keeps coming in that global warming is real. And largely a result of our burning fossil fuels.
To celebrate this clear trend the European Union, once a leader in the struggle to reduce greenhouse emissions, is having second thoughts. It seems that the fight against global warming is bad for business; Europe may be losing its competitiveness, according to the Financial Times. Continue reading What global warming? Part 2
I have commented in the past about the ability of telework to mitigate the effects of disasters but hurricane Sandy gives a new twist to the issues. Most of the disasters that occur in places like California tend to be of the earthquake variety. The central effect of earthquakes is that ruptures in land surface break roads, bridges, and highways, with the disruptions lasting sometimes for months or even years at a time. Yet the information infrastructure—the telephone network, Internet and electrical power networks—tends to survive the earthquake or is quickly repairable. In these cases organizations that telework can continue operations with no or few interruptions. This is generally the case in non-earthquake related disasters as well, including blizzards, floods and fires where the roads may be blocked but the information infrastructure is intact.
However, in the case of disasters like major hurricanes and floods the situation can get a little more complicated. Continue reading Telework, disasters, and how to overcome them