Rigzone: China Apparent Oil Demand Slows in July

Rigzone China’s “apparent oil demand” (production plus net imports) slowed in July, declining from June’s record high of 36.74 million metric tons (mt) to 35.82 million mt or approximately 8.47 million b/d, according to Platts’ analysis of official data from the People’s Republic of China. July demand is down 5.6 percent from June and is […]

Major reports point to oil supply turmoil and price volatility

Peak Generation Blog MONDAY, AUGUST 23, 2010 Major energy reports published this year are pointing to a significant rise in the price of oil due to supply constraints sometime over the next three years – the only disagreement is how soon. So far 2010 has seen three international reports considering the future of oil production, […]

Bloomberg: Hedge Funds Cut Bullish Gasoline Bets by Most Since 2006: Energy Markets

Hedge funds cut bullish bets on gasoline by the most in almost four years as petroleum stockpiles surpassed the highest level since 1990 and the U.S. vacation season drew to an end. Hedge funds and other large speculators reduced wagers on rising prices by 74 percent the week ended Aug. 17, the most since October 2006, […]

The National (UAE): Analysts warn of threat to oil price stability

Tamsin Carlisle Last Updated: August 21. 2010 10:08PM UAE / August 21. 2010 6:08PM GMT The deteriorating global economic outlook and weakening OPEC discipline could force oil prices as low as US$50 per barrel within the next year, analysts say. “We see both lower prices and a tighter range ahead but with increased risks,” Lawrence […]

Anti-environmentalists are stuck in the past

By David Suzuki with Faisal Moola Environmentalists won’t be happy until we’re living in caves and scrounging for roots and berries. At least, that’s what I hear over and over again. The people who say this would have you believe that those of us who care about the Earth and its future are neo-primitives who […]

Who Owns BP?

Energy Sacrifice Zones by Rand Clifford The concept is an old one. The amount of human blood spilled over control of fossil energy deposits and associated transfer routes, in the 20th Century alone, probably rivals the amount of oil BP’s Macondo well has unleashed in the Gulf of Mexico so far. But in the 21st […]

Solving the Unemployment Problem and Preparing for Power Down Simultaneously

Here is an old idea with a potential future. Put People to Work Doing Something Worthwhile While the politicians wring their hands and cry about how awful the jobs situation is, and as they contemplate a possible stimulus package (except, of course for the Republicans who have bravely led the fight to curb the deficit […]

How RBS funds ‘dirty oil’

Revealed: the £13bn at the heart of a global protest This weekend, Royal Bank of Scotland is facing its biggest protests in a long history of protests. Environmental groups and hundreds of climate protesters are camped on the lawn at RBS’s Gogarburn headquarters, on the outskirts of Edinburgh. At the centre of the protest is […]

Guardian: Peak oil alarm revealed by secret official talks

Behind government dismissals of ‘alarmist’ fears there is growing concern over critical future energy supplies peculation that government ministers are far more concerned about a future supply crunch than they have admitted has been fuelled by the revelation that they are canvassing views from industry and the scientific community about “peak oil“. The Department of Energy […]

AP: Survey shows ill health in Wyo. frack zone

By MEAD GRUVER Associated Press Writer (AP:CHEYENNE, Wyo.) Four out of five people who have returned health surveys report respiratory problems in a central Wyoming community where some residents say gas drilling has polluted their water wells, an environmental group said Wednesday. Respondents also reported headaches, nausea, itchy skin, dizziness and other ailments, according to […]

Bloomberg: Largest Oil Stockpile in 20 Years – Still $70/bbl

Crude oil futures traded near their lowest level in a month on concern that the recovery is not strong enough to whittle down excessive U.S. fuel inventories. Oil dropped after an unexpected increase in applications for unemployment benefits last week was reported by the Labor Department. The U.S. Energy Department report yesterday showed that total […]

Steady State Transportation: Closing the Door on the Dirty Oil Era

by Brent Blackwelder If human civilization is to make the move to a steady state economy that provides prosperity without growth, it must meet people’s basic mobility needs without reliance on fossil fuels. The U.S. requires a revolutionary transformation of its transportation systems, and recent experience with the downsides of oil provides a potent political […]

Will China Cap It’s Oil Demand?

There was an interesting story from PennEnergy yesterday called Economist warns of slowdown in Chinese oil-demand growth— By OGJ editors HOUSTON, Aug. 18 — Ever-increasing Chinese oil-demand growth, a staple of market forecasts, can’t last forever, warns a veteran energy economist. “Everyone counts on China’s demand growth, and all depend on it,” says Fereidun Fesharaki, […]

Global Coal Supplies: It Might Be Worse Than Anyone Thinks

A new study on global coal supplies suggests a worldwide peak in production from existing fields in 2011. Claims that the world has 200 to 400 years of coal left at current rates of consumption have blinded policymakers and the public. The claims are based on two questionable notions: 1) That official coal reserve estimates […]

Edinburgh, Activists Protest Fossil Fuel Investment

ECO protestors stormed the grounds surrounding the Royal Bank of Scotland HQ in Edinburgh today. They also launched other climate change protests in the city centre as police made a small number of arrests. Around 150 activists – going under the name Climate Group – pitched 30 tents and a small marquee inside the grounds […]

Heinbergs “Peak Everything” …

In titling this book “Peak Everything,” I was suggesting that humanity has achieved an unsustainable pinnacle of population size and consumption rates, and that the road ahead will be mostly downhill—at least for the next few decades, until our species has learned to live within Earth’s resource limits. I argued that the industrial expansion of […]

NPR: Hungry For Oil: Feeding America’s Expensive Habit

Every day the United States goes through another 20 million barrels of oil. Finding enough crude to supply the country’s oil habit is difficult because much of the oil that’s easy to get to is gone. Now companies are extracting oil in places that are expensive to drill and raise concerns about safety and the […]

Science: Do We Have the Energy for the Next Transition?

Past energy transitions to inherently attractive fossil fuels took half a century; moving the world to cleaner fuels could be harder and slower. Wind turbines dot ridges, distillers turn farmers’ corn into ethanol by the billions of liters, and solar panels sprout on roofs. The energy revolution that will bring us clean, secure energy is […]

TOD-EU: Will OPEC Spare Capacity Disappear in 2011?

In this post I present an analysis of how OPEC oil supplies have responded to changes in crude oil prices during the last 10 years. My objective was to estimate OPEC’s probable marketable crude oil capacities as of May 2010, based on responses of OPEC oil supplies to price changes. This approach suggests that as […]

Oil Industry Plans “Citizen Rallies”

The leading trade association for oil and gas companies is ramping up its public advocacy campaign this summer ahead of congressional debate this fall that includes efforts to clamp down on tax benefits for the industry. The American Petroleum Institute (API) will hold a series of “citizen rallies” starting Sept. 1 with events in three […]

Grist: What if there’s much less coal than we think?

How much coal is there in the world? It’s tough to think of a more important question for the next half-century. The answer will play a huge role in shaping public policy and directing capital investments. So we’ve got it pretty well nailed down, right? Turns out, maybe not. The prevailing conventional wisdom is that […]

Slate: “stop wasting billions to subsidize unreliable wind energy”

by Robert Bryce Posted Monday, Aug. 16, 2010, at 1:38 PM ET They like everything big in Texas, and wind energy is no exception. Texas has more wind generation capacity than any other state, about 9,700 megawatts. (That’s nearly as much installed wind capacity as India.) Texas residential ratepayers are now paying about $4 more […]

Dot Earth Blog: Misperceived Paths to Energy Savings

Abstract: In a national online survey, 505 participants reported their perceptions of energy consumption and savings for a variety of household, transportation, and recycling activities. When asked for the most effective strategy they could implement to conserve energy, most participants mentioned curtailment (e.g., turning off lights, driving less) rather than efficiency improvements (e.g., installing more […]

Green Blog: On Land, Air and Sea, a Retrofit Mission

Want to stimulate demand for renewable energy? Send in the Marines. That was Navy Secretary Ray Mabus’s message when he outlined plans to slash the Navy and Marine Corps’ dependence on fossil fuels during an appearance on Monday evening at San Francisco’sCommonwealth Club. “We use in the Navy and Marine Corps almost 1 percent of […]

Atlantic: Why OPEC Doesn’t Mind Low Oil Prices

When most people think of the Organization of Petroleum-Exporting Countries (“OPEC”), they think of a cartel that tries to keep oil prices artificially high so that its members can continue to reap huge profits. For a few years now, however, oil prices have been relatively low due to lackluster demand caused by the recession in the […]

Bloomberg: Goldman says oil demand may have exceeded supply

Global crude oil demand may have exceeded supply in the past two months as inventories stored on tankers fell to an 18-month low, Goldman Sachs Group Inc. said. “Now that floating storage has dropped to its lowest levels in over 18 months, we expect to experience declining onshore inventories in coming months,” Goldman Sachs analysts […]

AP: Interior halts deepwater environmental exemptions

By ERICA WERNER (AP) – 19 hours ago WASHINGTON — The Obama administration announced Monday it is requiring environmental reviews for all new deepwater oil drilling. That means an end, at least for now, to the kind of exemptions that allowed BP to drill its blown-out well in the Gulf with little scrutiny. The announcement came […]

Scientists Say as Much as 79% of Oil Remains in Gulf of Mexico

A group of scientists says as much as 79 percent of BP Plc’s leaked oil remains in the Gulf of Mexico, challenging an Obama administration assessment that the crude is largely gone or rapidly disappearing. Most of the oil that leaked from BP’s Macondo well from April 20 to July 15 is still beneath the […]

Ex-Im Bank Financing Boosts Dirty Energy Projects

The Sierra Club is on the U.S. Export-Import Bank’s case for subsidizing fossil fuel projects around the world at the expense of clean energy projects as part of its huge portfolio of loans and loan guarantee programs. Ex-Im Bank’s activity comes despite pledges from the Obama Administration to phase out financial support for polluting projects. […]

Business Insider: Living with oil demand – and offshore drilling

Potential future costs will make the costly production process even costlier and oil pricier By G PANICKER THE worst oil spill in US history would have set oil prices afire if it had happened two years ago. The market then, fretting over long-term scarcity of oil, was red-hot. Now, US crude prices are still about […]

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