The Fed and peak oil

Laurel Graefe, a senior economic researcher working for the Federal Reserve Bank of Atlanta has written an excellent overview of peak oil, I should also mention that if you

It's Already Too Late, Cap and Trade Is a Scam, Only the Few Will Survive

Father of the Gaia Theory, James Lovelock says we can’t stop climate change, but that humanity will continue in some smaller form. The recent narrow passage of the Waxman-Markey energy bill, better known as cap-and-trade, marks halftime in Congress’ first attempt to put a lid on national carbon emissions. The bill As the fight over […]

Singularity University – Day Three – Sunil Paul

Sunil Paul gave a presentation right after Ralph entitled “Energy and Environment – What’s At Stake and What Can Be Done.” He estimated that 13 trillion dollars will be invested in energy infrastructure between 2010 and 2020, and that we are about to witness a complete restructuring of the energy and manufacturing industry. Next, he […]

Coal Industry Sees Life or Death in Senate Climate Debate

When people in the coal business talk about “the valley of death,” they are referring to a grim place not located near any mine. It is an economic chasm that the industry fears awaits it if the Senate approves climate legislation similar to what passed the House. Although the House bill includes some help for […]

California (and US) Headed for Permanently Smaller Economy

The June issue of Gregor.us Monthly, The Scholarship of Collapse, addresses several views of economic and systemic collapse from the works of Jared Diamond to Joseph Tainter, and then goes on to apply these views to the United States Ouch. Permanently smaller economy!? Are you kidding me? The United States? Yeah, I know. The growth […]

'The Greenland Ice Sheet Is an Awakening Giant'

Leading glacier expert Andreas Peter Ahlstrom talks to SPIEGEL ONLINE about Greenland’s melting ice sheets, global sea-level rise and why limiting global warming is non-negotiable. SPIEGEL ONLINE: The Sermeq Kujalleq glacier, where we are standing right now, has retreated by 15 kilometers (nine miles) in recent years. The ice that breaks off contributes to sea-level […]

Agency Considers Limits on Oil Contracts

WASHINGTON (AP) It will be the first in a series of hearings in July and August on various topics to determine how the commodities agency

Solar Blimp Takes to French Skies

A team of French engineers is preparing a test flight of a helium blimp they’ve wrapped in flexible solar panels. If it goes well, by the end of the summer the team plans to cross the English Channel in an airship they say allows unlimited flight with zero emissions. Projet Sol’R, led by INSA Lyon […]

Reefs Could Perish by End of Century, Experts Warn

Increasingly acidic oceans and warming water temperatures due to carbon dioxide emissions could kill off the world’s ocean reefs by the end of this century, scientists warned on Monday. The experts told a meeting in London the predicted pace of emissions means a level of 450 parts per million of carbon dioxide (CO2) in the […]

Kenya: Country Set to Tap Power From Renewable Energy

Kenya obtains more than 75 per cent of its 1,200MW of power from hydro. The country’s only existing source of renewable energy is geothermal power, which has not been fully exploited. By June 2012, according to Prime Minister Raila Odinga, the country will have boosted its energy capacity by up to 2,000MW through geothermal, wind, […]

Hybrid Solar Cells Shine

As the race to create clean, renewable power heats up, the solar industry is focusing on a technology in hopes of producing utility-scale energy. Concentrating photovoltaic (CPV) solar power — which marries traditional solar photovoltaic technology to large-scale concentrated solar power plants — could ramp up utility-scale solar production, advocates say, especially in niche markets. […]

EU: Time for a New Energy Policy

The EU needs a more coherent plan in the face of rising energy nationalism from its suppliers. Of all the difficult challenges currently facing Europe, the need to secure a sustainable and affordable supply of energy for the long-term is surely among the most important. Given that almost every EU member state is now a […]

$20 Oil Is On The Table Again: Can Obama Pull The Israeli Rabbit Trick?

The bears are out again and there is talk of $20 oil; the logic is: * All the oil stored up in super-tankers will flood the market. * World GDP growth is low and perhaps getting lower or at least not likely to rocket any time in the immediate future. Actual constraints in the near, […]

Tony Blair Outlines Seven Policies to Stave Off Climate Change

Seven policies focused on reducing deforestation, improving energy efficiency and stimulating renewable power can set the world on the path it needs to fight global warming, former U.K. Prime Minister Tony Blair said. The measures, all in use today, need to be ramped up so the planet can cut annual greenhouse-gas output 19 billion tons […]

California's green dream

America is waking up to the reality of peak oil and climate change. In California there are very different responses to the crisis: some pin their hopes on new technology, while others advocate a radical change of lifestyleThe dream of endless supplies of “green gold” remains some way off. But these green start-ups have no […]

The Problem with Biokinetic Sequestration

Writing in the current (6 July 2009) edition of Peak Oil Review, James W. Bunger, PhD asserts, “Peak OIl May Solve the Climate Change Problem without Regulation.” While Dr. Bunger’s model sounds encouraging, assuming a world with less and less fossil energy at its disposal will be a peaceful one that has transitioned to more […]

Community genome could produce biofuels

Dependency of ants, fungi and bacteria gives clues on producing energy The genomes of 17 different ants, fungi and bacteria that eat through hundreds of pounds of leaf matter a year could ultimately lead to new techniques for making biofuels. Scientists from the University of Wisconsin, the Joint Genome Institute and Emory University are sequencing […]

Nigeria

The Nigerian crude oil production capacity is expected to drift downward from 2.48 million barrel per day (b/d) in 2008 to 2.46 million b/d by 2014. But before this date, there are signs that Niger Delta militants may have decided to finally wreck havoc more on the production capacity through series of coordinated attacks on […]

Peak oil review – July 6

1. Production and Prices 2. The Iraqi auction 1. Production and Prices Crude prices started the week firmly as traders hoped for an improvement in the US economy, the US dollar remained weak, and Nigerian militant attacks continued to cut production. On Tuesday prices jumped to $73 a barrel when a rogue trader in London, […]

G-8 cash sought for climate change fund

U.N official: Developing countries need money now to fight global warming AMSTERDAM – Developing countries need money now to grapple with global warming, and the Group of Eight summit this week could energize troubled climate negotiations if it decided to make “significant” funds available, the top U.N. climate official said Monday. The focus of U.N. […]

GM product chief says no delay for plug-in SUV

DETROIT (Reuters) – General Motors is on track to launch a plug-in sport-utility vehicle in 2011 despite scrapping its Saturn brand as part of a sweeping reorganization in bankruptcy, according to the automaker’s product chief. “I can tell you that I won’t lose one day in terms of customers being able to walk into dealerships […]

Iraq expects more from second energy auction

BAGHDAD (Reuters) – The Iraqi government is hoping that a second major auction of oil and gas fields later this year will help revive a struggling oil industry where a first auction this week fell short, a government spokesman said. “We think that the first (bidding) round didn’t achieve the full objectives of the Ministry […]

Nigeria rebels attack oil facility, hijack tanker

ABUJA (Reuters) – Nigeria’s main militant group said Monday it had sabotaged a Chevron oil facility and seized a chemical tanker and six crew members, the latest in a string of attacks in Africa’s biggest energy producer. The Movement for the Emancipation of the Niger Delta (MEND) said it attacked Chevron’s Okan manifold late Sunday […]

Richard Heinberg: Peak Oil Day

On July 11, 2008, the price of a barrel of oil hit a record $147.27 in daily trading. That same month, world crude oil production achieved a record 74.8 million barrels per day. For years prior to this, a growing legion of analysts had been arguing that world oil production would max out around the […]

Technology can help Saudi tap 'real' oil wealth

Saudi Arabia controls nearly $16.9 trillion (Dh62trn) worth of oil reserves under its arid sands but the wealth could sharply rise with the advent of more advanced production technology, a key Saudi bank said yesterday. The National Commercial Bank (NCB) said the kingdom’s oil resources that can be recovered by present technology are estimated at […]

Lisa Margonelli: "Free" vs. Peak Oil

I haven’t read Chris Anderson’s new book “Free: The Future of a Radical Price,” but I’ve been following the debate over Malcolm Gladwell’s New Yorker review and Anderson’s response. Gladwell summarizes Anderson’s basic argument as: The digital age is exerting inexorable downward pressure on the prices of all things “made of ideas.” This revelation is […]

The Wealthy World at its 'oil break point'

Another quarter gone by. That makes three since the foundations blew out from underneath Lehman Brothers and six quarters since the start of the U.S. recession at the end of 2007. It seems like the negativity is lasting an eternity, and in terms of economic cycles it is. Since the Great Depression, which lasted 14 […]

Russia's LUKOIL to invest in new US refinery

Russia’s LUKOIL will invest in a new refinery on U.S. eastern coast together with its partner ConocoPhillips, the Kremlin said in documents on Monday prepared for the visit of U.S. President Barack Obama. “The investment of the Russian company will be attracted for the construction of a new ConocoPhillips refinery on U.S. eastern coast that […]

China Wants Iraqi Oil Fields – Even if They Lose Money

Just a week ago, Iraq held its first auction for energy contracts, and only closed one deal. Iraq was only offering the bare minimum to these foreign oil companies, and most were not interested, despite the promise of massive oil and gas reserves. The Chinese, however, are showing interest. Though China was not awarded the […]

Saudi slashes July gasoline imports by 40pc

Saudi Arabia, the world’s top oil exporter, will slash gasoline imports by 40 percent in July as new domestic production capacity comes online, traders said on Monday. The world’s top oil exporter is expected to import around 34,100 barrels per day (bpd) of the motor fuel in July, because of the start-up of a gasoline […]

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