Oil production tumbles faster than expected

Global oil production is falling faster than market expectations as production cuts by Opec members coincide with a sharp slide in supplies from some producers outside the cartel, raising the prospect of a price rise. In spite of the drop in supplies, oil prices remain stuck in the mid-$40 a barrel range depressed by weak […]

Hostages freed but kidnaps go on in Nigeria oil delta

PORT HARCOURT, Nigeria, Jan 22 (Reuters) – Two hostages seized by gunmen in separate incidents in Nigeria’s Niger Delta this week were freed on Thursday, but security sources said another expatriate was kidnapped in the main oil city. The Niger Delta, home to Africa’s biggest oil and gas industry, has long been plagued by kidnappings […]

Mexico looks beyond oil and toward the wind

Turbines pop up with Spanish investment, but some locals have complaints LA VENTOSA, Mexico – Mexico inaugurated one of the world’s largest wind farm projects on Thursday as the nation looks for alternative energy, in part to compensate for falling oil production. Mexico is trying to exploit its rich wind and solar potential after relying […]

‘Sustainable’ policies vowed at Transportation

WASHINGTON – Former congressman Ray LaHood said Wednesday one of his priorities as transportation secretary will be to make sure the money Congress sets aside for construction projects to stimulate the economy is wisely spent. One of two Republicans President Barack Obama picked to serve in his Cabinet, LaHood also signaled the new administration sees […]

Recession or depression? Too early to tell

Many differences between now and 1930s but some similarities, too By every measure But what are the odds that we

Wood and dung fires feed Asia’s brown cloud

LONDON (Reuters) – Wood and dung burned for home heating and cooking makes up most of a huge brown cloud of pollution that hangs over South Asia and the Indian Ocean during the winter months, researchers said on Thursday. The study in the journal Science solves the mystery of what makes up the soot in […]

Lawmakers consider energy measures in stimulus

WASHINGTON (Reuters) – The U.S. House Energy and Commerce Committee on Thursday was set to approve energy measures included in Democrats’ economic recovery package, even though a leading Republican criticized the bill as too narrow. The $825 billion plan would spend about $25 billion on renewable energy, energy efficiency and electricity transmission. The package would […]

Drought, heat killing trees in western N.America

WASHINGTON (Reuters) – Trees in the western United States and Canada are dying twice as quickly as they did just 30 years ago, with rising average temperatures almost certainly to blame, researchers reported on Thursday. These thinner and weaker forests will become more vulnerable to wildfires and may soak up less carbon dioxide, in turn […]

The Peak Oil Crisis: What of 2009?

Our wish has been granted for we are indeed living in interesting times. The world’s economy is either collapsing or is putting on a very good imitation of doing so. Production of cheap, abundant fossil fuels is peaking and will soon be withering away, yet gasoline for our cars has almost never been inflation-adjusted cheaper. […]

The High Price of Clean, Cheap Ethanol

Brazil hopes to supply drivers worldwide with the fuel of the future — cheap ethanol derived from sugarcane. It is considered an effective antidote to climate change, but hundreds of thousands of Brazilian plantation workers harvest the cane at slave wages. In the middle of the night, the plantations around Aracoiaba in Brazil’s ethanol zone […]

2009 Japan prize honors lead author of ‘The Limits to Growth’

Dr. Dennis Meadows, lead scientist and co-author of The Limits to Growth (1972) and its subsequent updates, is the winner of this year In 1972, three young scientists from MIT used systems dynamic theory to create a computer model (

Iraq forced to cut spending as oil price falls

BAGHDAD But rebuilding requires money. And with oil prices plummeting, the government has been forced to cut planned spending

Bill McKibben Interview

Q: You recently wrote that global warming is the biggest problem humans have ever faced. Why do you believe this? Bill McKibben: Think about it. All the other things that we Q: How did we get into this mess? McKibben: Fossil fuel is very seductive stuff. [John Maynard] Keynes once said that, as far as […]

Exxon Says Greenland Oil Exploration Team Analyzes Seismic Data

(Bloomberg) — Exxon Mobil Corp., the world

Saudis to Cut Oil Output 300,000 Barrels Below Quota

(Bloomberg) — Saudi Arabia, the world

Oil to take ‘years’ to return to $100

Forecast – Oil prices won’t rise higher than $100 US a barrel for “a couple of years,” according to Daniel Yergin, chairman of Cambridge Energy Research Associates Inc. “Just on supply-demand, putting aside geopolitics, this surplus is going to last for a couple of years and that will have a dampening impact on oil prices,” […]

Scientist: New fault could mean major U.S. temblor

LITTLE ROCK, Arkansas (AP) Acres of cotton fields cover the fault west of Marianna, about 100 miles east of Little Rock, but stretches of fine sand mixed with fertile soil gave away the fault’s location, Al-Shukri said. Liquefied sand bubbled up through cracks in the earth, while ground radar and digs showed vents that let […]

Peak oil review – Jan 19

1. Contango 2. OPEC 1. Contango Oil prices fell into the upper $30s early last week and stayed there. As it has for many weeks, the drumbeat of bad economic news and rising stockpiles competed with the OPEC

The cost of the biofuel boom on Indonesia’s forests

The clearing of Indonesia’s rainforest for palm oil plantations is having profound effects Some of the most devastating costs of the biofuel revolution are on display in Indonesia, where massive clearing of tropical forests for oil palm plantations has caused staggering environmental damage and tremendous loss of biodiversity. Only the Amazon and Africa’s Congo basin […]

Gas row shakes Europe’s trust in Russian energy

MOSCOW, Jan 21 (Reuters) – By cutting off gas supplies to Europe via Ukraine, Russia strengthened its case for new pipelines to bypass its ex-Soviet rival. But it may also have lost Europe’s trust. European consumers, left to shiver for two weeks when Moscow shut off their gas, will now accelerate plans to develop alternative […]

Texas oil country sees the downturn coming

MIDLAND, Texas (AP) The boom may not necessarily give way to a bust. But the days of plentiful jobs, big paychecks and shiny new pickups and SUVs seem to be numbered. “It’s been a good ride up, but we’re bracing ourselves for the ride down,” said Midland City Manager Courtney Sharp, who expects a drop […]

Offshore drilling plan to go ahead: Interior Dept

WASHINGTON (Reuters) – A proposal issued in the final days of the Bush administration to expand offshore drilling in previously banned areas will move forward under the administration of U.S. President Barack Obama, an Interior Department spokesman told Reuters on Wednesday. Shortly after being sworn in on Tuesday, Obama ordered all federal agencies and departments […]

Spring arriving earlier, study finds

WASHINGTON (Reuters) – Looking forward to spring? The good news is that it is coming two days earlier on average, but so are summer, autumn and winter, researchers said on Wednesday. They found that on average, the hottest day of the year in temperate regions has moved forward by just under two days, and so […]

Oil sands cuts help sow seeds of oil price rebound

CALGARY, Alberta (Reuters) – Suncor Energy Inc’s (SU.TO) decision to halt to its C$20.6 billion ($16.2 billion) oil sands expansion because of low oil prices points to an inevitable outcome — high oil prices. Suncor took a sharp knife to its plans after saying just three months ago that it was merely slowing down spending […]

Lower OPEC output won’t boost prices: Deutsche Bank

HOUSTON (Reuters) – Early indications that OPEC members are complying with the deepest ever oil-supply cuts may not stop oil prices from falling further, a top energy analyst said on Wednesday. “It’s going to be difficult,” said Adam Sieminski, chief energy economist for Deutsche Bank. OPEC’s previous efforts to cut output to stabilize prices have […]

Gaddafi says looking at oil firm nationalization

WASHINGTON (Reuters) – Libyan leader Muammar Gaddafi said on Wednesday his country and other oil exporters were looking into nationalizing foreign firms due to low oil prices and suggested Tripoli might not stick to OPEC production quotas. Speaking via a satellite link from Libya to students at Georgetown University in Washington, he called the current […]

Ecologists warn the planet is running short of water

A swelling global population, changing diets and mankind’s expanding The world is in danger of running out of

Peak Moment: The Twilight of an Age

In his book, The Long Descent, John Michael Greer observes that our culture has two primary stories: Global Public Media (audio and video)

Gap Oil

It is Gap Oil not Peak Oil that is the problem. Rising demand for oil will exceed the quantity of it that can be withdrawn from the earth, resulting in a supply-demand gap. Once production does peak the gap will be enlarged from both sides, drawing down the supply side against rising demand. This I […]

New evidence on Antarctic warming

The continent of Antarctica is warming up in step with the rest of the world, according to a new analysis. Scientists say data from satellites and weather stations indicate a warming of about 0.6C over the last 50 years. Writing in the journal Nature, they say the trend is “difficult to explain” without the effect […]

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