China’s Inflation Canary In The Coal Mine

Inflation is only magnified by the increased cost of commodities including crude, which may be outstripping global supply. The most critical problem China faces is not inflation per se; it is whether the cost of this inflation can be passed on to its trade partners in the form of more expensive goods. US and EU […]

The end of oil

Today, few serious analysts deny the reality of Hubbert’s “peak oil” theory. It’s not an especially difficult concept to grasp intuitively, after all. Oil is a non-renewable resource. It was produced by geological processes over very long periods of time millions of years ago. Once we’ve used it up, it’s gone forever. The debate around […]

Turkey, Russia sign agreement on oil pipeline

Turkey and Russia signed agreements on Wednesday for the construction of Turkey’s first nuclear power plant and the development of a pipeline project to carry Russian oil from the Black Sea, through Turkey to the Mediterranean. Turkey, a U.S. ally, served as NATO’s foremost base during the Cold War, but its relations with Moscow have […]

Offshore Wind not Offshore Oil

With oil wells on land getting tapped out, U.S. oil production would have fallen off even more precipitously than it did if not for offshore oil. Offshore oil production now comprises about a third of the U.S. total. Yet remaining resources are limited and are becoming increasingly difficult to obtain. As BP’s inability to staunch […]

Shell’s CEO sees inevitable energy price rise

In late 2008, the International Energy Agency, which represents energy consuming countries, said the world would need four new Saudi Arabias if it were to cope with rising consumption and Voser took up the theme. “To cover demand, by 2020 the world must develop oil sources that are equal to four times the capcity of […]

Nuclear deal gains steam in Iran

President Mahmud Ahmadinejad’s return to Tehran after attending the nuclear Non-Proliferation Treaty (NPT) review meeting at United Nations headquarters in New York has been received with the usual bombast by the conservative and hardline media in Iran, which declared him victorious and an indispensable global leader. In its May 6 editorial, for instance, the influential […]

Four Acres and Independence – A Self-Sufficient Farmstead

Take a tour, accompanied by curious sheep and geese, of Mark Cooper’s self-sufficient small farm. Over several years, he transformed a rundown house and hillsides of berry brambles into pasture and gardens where he produces and preserves most of his family’s food. Visit the Goose Grotto in a constructed pond, a heritage fruit tree orchard, […]

Radical Gas Price Thought: Much Higher

Mr. Groppi points out that the average depletion rate in conventional gas wells is about 25% each year, while for gas shale wells it is 45% or more.  (Mr. Groppi may be generous in his estimate of gas shale well depletion rates as many wells are showing 80+% first year declines.)  In his view, the […]

Saudi Aramco to Supply Full June Oil Volumes to Asia

Saudi Arabian Oil Co., the world’s largest state-owned oil company, will supply full volumes of crude oil to Asia for loading in June. Saudi Aramco, as the company is known, will provide 100 percent of cargoes sold under long-term contracts next month, according to a survey of refinery officials in Japan, Taiwan and South Korea […]

Kunstler: And Chicks for Free?

The truth is that the imbalances of global finance are so grotesque now that the whole money system is hanging together with nothing but spit and prayer. I get rafts of e-letters every week warning of a supposedly-coming global currency — a companion idea to the notion of a one-world government. Both are idiotic fantasies. […]

It’s worse than you think: plotting global hydrocarbon collapse

Since it is widely accepted that major new discoveries of coal are unlikely, Energy Watch forecast that global coal output will peak as early as 2025 and then fall into terminal decline. That’s a lot earlier than is generally assumed by policy-makers, who look to the much higher forecasts of the International Energy Agency, which […]

Nuke that slick

Yes! It’s so simple, in fact, that the Soviet Union, a major oil exporter, used this method five times to deal with petrocalamities. The first happened in Uzbekistan, on September 30, 1966 with a blast 1.5 times the strength of the Hiroshima bomb and at a depth of 1.5 kilometers. KP also notes that subterranean […]

Earth may be too hot for humans by 2300

Climate change could make much of the world too hot for human habitation within just three centuries, research released Tuesday showed. Scientists from Australia’s University of New South Wales and Purdue University in the United States found that rising temperatures in some places could mean humans would be unable to adapt or survive. “It would […]

Canada’s oil sands blessing

All this energetic criticism is becoming increasingly moot now that the oil sands and heavy oil of Alberta and Saskatchewan are proving themselves to be one of the world’s most stable and productive petroleum sources. It’s a resource that has turned Canada overnight into the world’s major new petro power. For most people, the Athabasca […]

No Easy Villains May Mean No Easy Oil

As people who like simple narratives, the public and policy makers will be tempted to try to find one locus for blame — whether it’s BP or BOP’s (blow out protectors) — but that may prevent us from figuring out the deeper system of problems that lead to this accident. And we may determine that […]

Richard Heinberg: Life After Growth

Post Carbon Toronto presented a talk by peak oil, energy expert and author, Richard Heinberg — “Life after growth: Why the economy is shrinking and what to do about it” — at Trinity-St. Paul’s Church, Toronto, Canada. PART 2 PART 3

DOE Still Disavows Peak Oil

The EIA does not expect oil production to peak in 2011. When asked if the EIA expects to see oil production ever peak and diminish, Mayne replied that the agency does not anticipate a peak oil scenario resulting from supply shortages: “We do not see a peak, if a peak means a sharp retraction in […]

Iran’s air force tests new air-to-surface missiles

On Sunday, Alawi told Fars that the Iranian Army’s Air Force has recently equipped its fighter jets with newly-developed sophisticated electronic warfare systems. The Iranian army also exercised electronic eavesdropping by a special type of aircraft and also used sea patrol airplanes on the fifth day of the war games on Sunday, according to the […]

DOE funds to stretch solar power via salt storage

The DOE said Friday that it has made $62 million available to 13 companies to test equipment and materials, such as molten salts, to add storage to solar power systems that use heat to produce electricity. Concentrating solar power, in which the sun’s heat creates steam to drive an electricity turbine, is seeing a renaissance […]

Monsanto’s seeds of discord

Those who don’t vilify Monsanto tend to rhapsodize about it, or at least about its mission. In a world on pace to spawn 9.1 billion mouths to feed by 2050, the black magic of ag-biotech offers the only apparent prospect of salvation: crops that will be, it is promised, ever more resistant to insects, disease, […]

OPEC Compliance Could Be Better

United Arab Emirates oil minister Mohammad Al Hamli Monday said Organization of Petroleum Exporting Countries’ compliance to production quotas could be better, contradicting other ministers who said adherence was good. “It could be better,” Al Hamli said at an energy conference in Doha when asked about the group’s compliance levels. Qatar’s oil minister Abdullah bin […]

The dark shadow of Peak Oil looms ominously over America

For those who scoff and say that Peak Oil is a misguided, unproven premise and that it’s only a matter of time until we see the development of alternative energy sources, they do so at their own peril and ours. This development currently is unable to gather any momentum because of the massive lobbying efforts […]

The Gulf Appears To Be Bleeding

At nine miles out, they began to smell the oil. At 11 miles, they saw a visible sheen on the water. And at mile 87 off the Alabama coast, they reached ground zero of the disaster — what Wathen described as a “red mass of floating goo” as far as the eye can see. “The […]

How Shale Gas Is Going to Rock the World

I have been studying the energy markets for 30 years, and I am convinced that shale gas will revolutionize the industry—and change the world—in the coming decades. It will prevent the rise of any new cartels. It will alter geopolitics. And it will slow the transition to renewable energy. To understand why, you have to […]

Earth could get too hot for humans

Scientists at Purdue University and the University of New South Wales calculated the highest possible “wet bulb” temperature that humans can withstand and found that this temperature could be exceeded in future climate scenarios. “Wet bulb” temperature is meant to simulate what is felt by wet skin when it meets moving air, taking into account […]

T. Boone Pickens Sees $100 Oil At End Of 2010

For those who think the global economy will continue moving upward, Pickens says that $100 oil is possible by the beginning of next year. One of oil’s energy counterparts, natural gas, on the other hand has been a dog lately at just under $4 per thousand cubic feet (mcf). Pickens says this is because the […]

Finland to build two new nuclear reactors

According to wire service reports, Finance Minister Jyrki Katainen said, “This [proposal] makes Finland 100% self-sufficient in energy. It provides Finnish industry electricity at an affordable cost.” Electricity consumption in Finland is the highest in Europe, twice that of Germany, due to extreme cold that affects much of the country during the long winter. Finland’s […]

Saudi, Algeria Oil Ministers See Consumption Rising This Year

“Oil demand is very good, it is going to increase this year,” Saudi Arabia’s Ali al-Naimi said to Bloomberg in Doha yesterday. Consumption will grow in China, India and the Middle East, as those countries “are not affected by what’s happening in Greece,” Algeria’s Chakib Khelil said in an interview. Ministers from Arab oil-producing nations […]

Is the US too big to fail?

If this had happened to any other government in the world whose national financial institutions were in as deep disarray as those of the US, investors would have run for the hills – cutting off the offending nation from global capital markets. But for the US, just the opposite has happened. Rather than facing prohibitive […]

Global Kyoto Protocol II

The reforms are designed to increase the size of the global economy by over $50 trillion as they are solving many of the worlds biggest problems. They include a complete solution for climate change, deforestation, overfishing and many others. What is being put forward here is a new approach to the worlds problems that runs […]

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