Wirth delivers

Calling his own speech Wirth was the keynote speaker Wednesday at the Colorado Oil and Gas Association

Protesters in Iran met with tear gas, batons

TEHRAN, Iran (CNN) — Iranian pro-government Basij militia members dispersed crowds of protesters in Tehran Thursday — sometimes with force — according to a journalist on the scene. The demonstration is taking place on the 10th anniversary of a student uprising that, at the time, posed the biggest threat to the Islamic regime since its […]

Future scenarios for post-recession America (poll)

Our economy is unsustainable. That means at some point in the future it will cease to be sustained. People will lose homes and jobs, and lifestyles will change. Sound familiar to our present day scenario? In my previous post I added a link to the Crash Course, a video series about the challenges America faces […]

Hedge fund transparency key to curb oil spikes: IEA

L’AQUILA, Italy (Reuters) – More information on hedge funds and greater transparency on who is dealing in commodities futures markets is essential to the G8 aim of reducing oil price volatility, the head of the International Energy Agency said. IEA Executive Director Nobuo Tanaka also forecast a “very strong rebound” in oil demand in 2010 […]

Swimming in Diesel: Huge Oil Stocks Show No Recovery in Sight

Oil bulls betting that a burgeoning economic recovery would boost crude prices got another slap today. New government data showed that the nation And what diesel demand is saying is that the economy is still in a sickly state. U.S. diesel consumption, which has been dismal for most of the year, was down an average […]

Shell beats Wal-Mart as top firm

Oil giant Royal Dutch Shell has replaced US retail group Wal-Mart as the world’s largest company, the latest annual survey by Fortune magazine says. There are also fewer US corporations in the list of the 500 biggest firms than at any time since the publication started keeping records in 1995. The annual survey ranks the […]

Bike Among the Ruins

ONE night a little over a year ago, crossing Woodward Avenue, I crashed my bicycle. As I flew head over heels across Detroit This budding culture brings some commerce with it. Down on the waterfront, and just three hundred yards or so from the headquarters of General Motors, my friends Kelli and Karen are in […]

China Car Sales Jump 48% on Economic Stimulus, Most Since 2006

(Bloomberg) — China A 4 trillion yuan ($585 billion) economic package has helped China surpass the U.S. as the world

Hysteria is the real threat, not global warming

…They should also read Heaven And Earth by Ian Plimer, Emeritus Professor of Earth Sciences at The University of Melbourne and Professor of Mining Geology at The University of Adelaide. It is the best book on science and scientists I have ever read. Piece by piece, he takes apart the work of the fanatics. Far […]

Crude Oil May Rise 35% in 2010, Morgan Stanley Says

(Bloomberg) — Crude oil may average 35 percent higher in New York next year and rise to $85 a barrel in 2011 as spending by governments boosts global demand, Morgan Stanley said in a report. Benchmark crude futures on the New York Mercantile Exchange will likely average $48 this year and $65 in 2010, according […]

IEA Responds to the Climate Crisis

The International Energy Agency was formed out of the oil crisis of 1973 as a fossil-energy consumers u-nion for developed countries. Because of its origins, the IEA has not historically been a strong supporter of renewable energy. But that is changing as a new crisis emerges: climate change. In this podcast, we’ll look at how […]

Ban blasts G8 emissions targets

UN Secretary General Ban Ki-moon has criticised leaders of the G8 industrial nations for failing to make deeper commitments to combat climate change. Mr Ban said Wednesday’s agreement was welcome, but the leaders needed to establish a strong and ambitious mid-term target for emissions cuts by 2020.“This is politically and morally imperative and a historic […]

Metal Minerals Scarcity and the Elements of Hope

If policy does not change, the ongoing growth in global consumption of metals will cause shortages, aggravate energy scarcity and obstruct the transition towards a sustainable economy. For my analysis the collective work presented by ASPO-members and at TheOilDrum has proven to be an invaluable source of information. I would like to especially mention the […]

We are in the midst of the great baby-boomers economic stagnation of 2007-2017

…Indeed, the era of excessive spending and of excessive debt is over. The era of excessive government economic disengagement and of financial deregulation is over. The era of irresponsible Ponzi-scheme finance is over. The era of unregulated derivatives is over. The era of greed as an ideology is over. The era of wild and predatory […]

Developing World Consuming More Energy than Developed World

Humanity crossed a threshold in 2007 when for the first time in history a majority of people became city dwellers. But if you read such books as the terrific Planet of Slums, by Mike Davis (City of Quartz), you Topping off 2007

UK: Trade body calls for tax breaks for oil and gas sector

Oil & Gas UK warns that a 57% slump in the North Sea drilling activity over the past six months puts 50,000 jobs at risk The British government was accused today of putting too much focus on renewables and nuclear while taking “for granted” the oil and gas sector, which supplies two-thirds of the country’s […]

Greenland May Mandate Carbon Capture, Petroleum Chief Says

(Bloomberg) — Greenland Carbon storage projects, or the re-injection of carbon dioxide emissions created by industrial processes into underground or underwater reservoirs, are being developed from Norway to Australia. After 2012, the miners of oil-encrusted sand in northern Alberta, Canada, will have to store carbon emissions rather than release them into the atmosphere. The semi-autonomous […]

A conversation: Simmons sees bright future for Midcoast Maine

…Simmons still sees possibilities for the future of Rockland and the Midcoast. Referring to it as a potential “capital of the Silicon Valley for ocean energy,” Simmons predicted that tens of thousands of people will be attracted to the region in the coming decades. He praised Maine’s politicians and government for supporting exploration of ocean […]

The Import Land Model

I’ve previously discussed the statistical gimmickry of Jeffrey Brown’s Export Land Model (ELM). The problem can be quickly summarized like this: Suppose you have a fuel tank which is running down at a rate of 1 liter per hour. Ordinary people with common sense would say that the tank is being drawn down at a […]

More Ethanol in Gasoline? Automakers say it will "Damage" Cars

Some 54 ethanol producers, grouped together under Growth Energy’s banner, are carrying the torch for dramatically increasing the amount of ethanol in pump gasoline from 10 to 15 percent. Will they succeed? There are technical and political arguments to be made on both sides, but for now the momentum seems to be against fast-tracking higher […]

India State Oil Companies May Spend $11.7 Billion on Expansion

Indian state-run oil and gas companies may spend 574.8 billion rupees ($11.7 billion) this year to increase production capacity and refining, the government said. Explorers and producers led by Oil & Natural Gas Corp., the nation’s largest, have the Planning Commission’s approval to invest 387.3 billion rupees in the year ending March, Jitin Prasada, the […]

Warming Arctic could teem with life by 2030

“Teeming with life” may not be the description that springs to mind when thinking of the Arctic Ocean, but that could soon change as global warming removes the region’s icy lid. A study of what the Arctic looked like just before dinosaurs were wiped off the planet has provided a glimpse of what could be […]

Equatorial Guinea: Elites Hoarding Oil Revenues, Report Charges

The government of Equatorial Guinea has looted billions of dollars in oil revenue instead of improving the lives of its citizens, Human Rights Watch (HRW) said in a report released Thursday. The report, “Well Oiled: Oil and Human Rights in Equatorial Guinea”, details how the dictatorship under President Teodoro Obiang Nguema Mbasogo has used an […]

Breakthrough Reported on Low-Cost Alternative to Silicon Solar Cells

Solar cells could be produced from materials other than silicon under a breakthrough that scientists at the University of California, Los Angeles, say could dramatically reduce the price of solar technologies. Solar companies have been searching for some time for materials that are more efficient, cheaper to produce and use fewer raw materials than silicon. […]

Ill Winds Blow for Clean Energy

T. Boone Pickens’s decision to pull the plug on a big wind farm in the Texas panhandle highlights the hurdles clean-energy projects are facing in the U.S., including competition from newly cheap and abundant natural gas. While problems plague all kinds of green-energy efforts, wind power has been hit especially hard. Because of the complications, […]

Downturn dries up oil demand

Peak oil may have arrived in the developed world Consumption in the developed world will remain stagnant for many years to come, OPEC said, even as many economists believe the wealthy world’s seemingly insatiable demand for oil may well have peaked permanently. The weaker-than-expected demand should help keep a lid on crude prices, and could […]

Cuban offshore oil drilling plans postponed again

HAVANA (Reuters) – Cuba and a consortium of foreign oil companies have once again postponed plans to drill for oil in the island’s still-untapped fields in the Gulf of Mexico, diplomatic and industry sources said this week. Cuba had announced the consortium, led by Spain’s Repsol-YPF (REP.MC: Quote, Profile, Research), would drill in June or […]

It

FLINT, Mi. The U.S. Geological Survey initially came up with an estimate in 2004 of between 5-billion barrels and 10-billion barrels. But Cuba

Nuclear dawn delayed in Finland

When it is finished, Finland’s Olkiluoto 3 (OL3) nuclear reactor will be the biggest the world has ever seen, the excavation site alone is the size of 55 football fields. But hopes of an early nuclear dawn on the Baltic coast are fading – the May start up date came and went and the OL3 […]

Power of US Cities to Mitigate Climate Change – and the Steps they Need to Take

U.S. municipal governments are showing leadership by voluntarily accounting for and reducing greenhouse gas emissions resulting from their operations. They also recognize the huge potential to influence long-term reductions from the residents and businesses in their communities, according to this new report, which can be found online. The report summarizes findings of a joint project […]

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