John Michael Greer: The Anti-Ecology of Money

Last week A specific example of a tertiary good may be useful here to help clarify the concept. Consider a corporate bond with a face value of $1000. This is a good in the economic sense

When Cronkite covered the oil industry

Walter Cronkite, who died at age 92 on July 17, had a long and varied journalistic career before he became managing editor of the CBS Evening News. One of his least known stints was his brief tenure covering the oil industry.

Oil & Gas Journal

Feds have spent $79 billion on global warming policies, research…

The Science and Public Policy Institute announces the publication of Climate Money, a study by Joanne Nova revealing that the federal Government has a near-monopsony on climate science funding. This distorts the science towards self-serving alarmism.

TransWorldNews

Study PDF

Mountaintop mining legacy: Destroying Appalachian streams

Scientists are now beginning to understand that mountaintop mining operations’ most lasting damage may be caused by the massive amounts of debris dumped into valley streams …Of all the environmental problems caused by mountaintop projects The remaining length of Laurel Branch, running past the house into the river, has become a sluice for contamination: As […]

Radar could save bats from wind turbines

Bats use sonar to navigate and hunt. Many have been killed by wind turbines, however, which their sonar doesn’t seem to recognize as a danger. Surprisingly, radar signals could help keep bats away from wind turbines, scientists have now discovered. Although wind power promises to be a clean source of energy, some researchers have raised […]

Planes 'should fly on biofuels'

Biofuel research should focus on planes and not cars, the think tank Policy Exchange has said. A crop area the size of the USA would be needed to biofuel all the world’s cars and alternatives, such as electricity, exist for them, it added. Instead, it said the EU should fund research into using plant-based fuel […]

Peak Oil Review – July 20

1. Demand, production, and prices 2. South Asia 3. China 1. Demand, production, and prices Starting in the vicinity of $60 a barrel on Monday, oil prices closed at $63.56 on Friday for an increase of 6 percent — after falling more than 10 percent the week before. There was little oil-related news behind the […]

Big Oil Bets on Biofuels

At first glance, it might look like oil companies are pulling out of renewables. At the end of June, BP closed its alternative-energy headquarters. The oil company also has cut its alternative-energy budget and closed several solar factories in Spain. And that’s after Shell sold off most of its solar business at the end of […]

Nigeria Loses 1m Barrels Per Day, Says Lukman

Nigeria is still counting the losses inflicted by militancy in the Niger Delta, with the Minister of Petroleum Resources, Dr. Rilwanu Lukman, revealing that the country is losing an average of one million barrels of crude oil per day because of the crisis. This is one of the very few occasions when the estimate of […]

Occidental Find Is California

July 22 (Bloomberg) — Occidental Petroleum Corp., the biggest oil producer in Texas, said its discovery of a natural- gas and oil field in California holding the equivalent of as much as 250 million barrels of crude may be the state Chief Executive Officer Ray Irani said in an interview last month that the company […]

U.S. green jobs seen taking years of planning

WASHINGTON (Reuters) – Alternative energy jobs can provide vocations across many sectors of the economy but policy to spark them can take years to develop, U.S. governors told a Senate committee on Tuesday. State green power mandates and regional cap-and-trade plans on emissions have been useful tools in pushing local economies to begin to convert […]

U.S. business warns Congress of "green trade war"

WASHINGTON (Reuters) – Leading U.S. business groups warned Congress Wednesday it could start a “green trade war” by passing a climate change bill that threatens other countries with tariffs on energy-intensive goods. “We urge the Senate to refrain from including provisions that could negatively impact U.S. relations with key trading partners and disrupt the global […]

Oil seen falling to $35: analysts

CHICAGO (Reuters) – Crude oil prices may fall to $35 a barrel by the end of 2009 on expectations for the dollar to strengthen while corn, wheat and soybeans are expected to trade near current levels, commodity analysts said on Tuesday. Phil Flynn, senior market analyst with PFGBest’s Research, told a commodities outlook meeting at […]

Chu: U.S. Can "Lead this New Industrial Revolution" in Clean Energy

Over the next few months, Congress will decide on historic energy legislation that would create a generation of clean-energy jobs here in America, reduce our dependence on foreign oil, and prevent the worst effects of climate change. I believe passing a strong energy and climate bill is the single most important step we could take […]

Oxy Bulks Up on Low-Cost U.S. Oil Production

For nearly two decades, Occidental Petroleum Corp. (OXY) has been bulking up in producing oil in the U.S., exploiting low-cost opportunities while its competitors look abroad. While Occidental, the fourth-largest U.S. oil and gas company by market value, has also made significant investments in the Middle East and in Latin America, the company has remained […]

Candide's Garden: Visions of Europe in 2030

The age of globalization is over. The coming 30 years will be shaped by the logic of scarcity, resulting in a turn away from global trade and the creation of self-reliant geopolitical zones. But Europe is prepared for these challenges. …The last thirty years have also had a world-historical significance with regard to the compression […]

Charles Gibson anchors a well-oiled ABC News special

Oil is as rich a subject as ever, if not more, with many meanings for many people. “ABC World News” anchor Charles Gibson pumps out various aspects in “Over a Barrel: The Truth About Oil,” a new ABC documentary airing Wednesday, July 22. In considering everyone from speculators who price oil to consumers who need […]

In Pursuit of Natural Gas, Companies Inch Ever Closer To a Nuclear Blast Site

On Sept. 10, 1969, the Atomic Energy Commission lowered a 43-kiloton nuclear device The effort, known as Project Rulison, was part of the Atomic Energy Commission

Climate change could put the heat on California crops

Fruit and nut orchards in the Central Valley rely on winter chilling hours, but those are in decline, according to a UC Davis study. The Lockes have tilled the rich soil along the Mokelumne River since 1850. Now Chris Locke, 57, looks forward to passing down his orchards of 40,000 walnut trees to his four […]

Excerpts from "Peak Civilization: The Fall of the Roman Empire"

A silver mask that had belonged to a Roman cavalryman of imperial times. It was found on the site of the battle of Teutoburg, fought in September 9 a.d. This year, 2009, marks the 2000th anniversary of the battle that led to the annihilation of three Roman legions and changed forever the history of Europe. […]

Canada: Stepping on the gas, in record amounts

Like many other Canadians, he hasn’t cut back on the gas he uses, despite the recession, and in stark contrast to Americans who have changed their driving habits. Gasoline consumption in Canada hit a record in April as consumers spent $1.839-billion, Statistics Canada said yesterday, using data adjusted to eliminate price changes and seasonal factors. […]

Calif. budget plan includes new offshore oil

LOS ANGELES It would be the first new offshore oil drilling on state lands in four decades since a blowout on a platform off Santa Barbara coated miles of ocean and shoreline and galvanized opposition. Details of the agreement reached late Monday were scarce, but Lt. Gov. John Garamendi, chairman of the State Lands Commission, […]

Arbitration panel gives oil field to Sudan

THE HAGUE, Netherlands The Abyei region, with its rich oil reserves and grazing lands used by nomadic herders from the north and south, has suffered flare-ups of violence since the peace deal. The northern government and semiautonomous south asked the Hague-based Permanent Court of Arbitration to set the region’s permanent borders after a May 2008 […]

Why Kurds vs. Arabs Could Be Iraq's Next Civil War

With a projected capacity of about 40,000 barrels a day, the new oil refinery inaugurated Saturday by the Kurdish regional government of northern Iraq on Saturday is modest even by the standards of Iraq’s dilapidated oil industry. But its significance shouldn’t be underestimated: In Kurdish minds, the region’s ability to refine the oil it pumps […]

Energy Game Wild Cards

There are some breakthroughs being touted that are getting a lot of interest. Cold Fusion is getting attention again, along with solar concentrator arrays and EEStor capacitor technology. Israel is prominently mentioned in terms of contribution to the first two, Kleiner Perkins is believed to be invested in the later two. Who knows when EEStor […]

Oil price: where next?

A reduction in global oil production capacity will mean that higher future oil price will be attained at a lower level of demand than in 2008. Is another oil price spike on the way? One thing that was anticipated in the run up to peak oil was that the oil price would become volatile. Volatility […]

The Achilles Heel of Renewable Energy — The Cost

Critics of the British Government’s energy and emissions plan point to its goal of turning the most expensive and least consistent fuel sources — wind and solar — into base load electricity sources for the country. The result, according to the critics, is that power costs will climb sharply and reliability will be at risk. […]

Forget Shorter Showers

Why personal change does not equal political change …We so often hear that the world is running out of water. People are dying from lack of water. Rivers are dewatered from lack of water. Because of this we need to take shorter showers. See the disconnect? Because I take showers, I Or let

Why China has its eye on Canada's oil patch

…It’s being driven by two or three outlooks on behalf of the Chinese. The first, and most obvious, is energy security. On a comparative basis, relative to the size of their economy, they are not blessed with that many natural resources themselves, so they want to get access themselves to the physical barrels, if possible. […]

ANALYSIS – U.S. oil refiners face major cuts, slow recovery

NEW YORK/HOUSTON (Reuters) – The recession-battered U.S. oil refining industry may be forced to eliminate more jobs and further curtail capacity in the face of limp demand, tighter U.S. environmental regulations and stricter fuel-efficiency requirements for automobiles. In the coming months, more refiners may be forced to shut additional units and slash employee numbers due […]

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