Guardian: Saudi Arabia to seek compensation for climate pact oil losses

Saudi Arabia and other oil-producing nations stake claim to projected $19bn losses if oil production declines due to global climate deal Saudi Arabia, which has the world’s largest oil reserves and earned nearly $300bn in fossil fuel exports last year, will seek financial compensation for any loss it incurs if and when production declines after […]

Coal to Remain Critical to China’s Energy Mix

While China’s growing population, economy and energy usage has prompted the Chinese government to encourage the development of other energy resources, coal is still expected to play a significant role in the nation’s energy future. “In the absence of national policies and/or binding international agreements that would limit or reduce greenhouse gas emissions, world coal […]

Scott McGuire, “maniacal” co-creative gardener

When we drove into the long roadway approaching Scott and Kaela McGuire’s new homestead, I was struck by the solo sunflower greeting us like a towering beacon. Scott said it was a volunteer, probably from their previous garden where we’d taped “An Experiment in Backyard Sustainability” in 2006. The McGuire family moved to their new […]

Policymakers recognise peak oil threat, now they need to deal with it

Two years ago, the British government was still confident that oil reserves were abundant enough to meet rising demand until at least 2030. In other words, we should not worry. This cheerful message relied on the contested assessments made by the Paris-based International Energy Agency (IEA). However, ever since numerous academic studies and industry reports […]

Miserable Pursuits

As I write this, I am on the train to Washington, to attend a conference sponsored by the Community Action Partnership on “The New Reality: Preparing Poor America for Harder Times Ahead.” The agenda will include in-depth discussions of employment, food, housing, health care, security, education, transportation, and even the somewhat touchy-feely subjects of community […]

The Leak Appears to be Sealed

Today comes news that there is light at the end of the tunnel over the leak in the Gulf of Mexico: Allen: ‘High confidence’ no more oil will flow into Gulf Retired Coast Guard admiral Thad Allen said Wednesday he has “high confidence” no more oil will leak from BP’s Gulf of Mexico well. Hours […]

The Price of Oil

Dave Cohen explains why the price of oil has nothing to do with oil. Decline of the Empire

PeakOil.Com: Weekly Petroleum Supply Report

[quote]Summary of Weekly Petroleum Data for the Week Ending July 30, 2010 U.S. crude oil refinery inputs averaged 15.6 million barrels per day during the week ending July 30, 113 thousand barrels per day above the previous week’s average. Refineries operated at 91.2 percent of their operable capacity last week. Gasoline production decreased last week, […]

US News: Converting Algae Into Fuel

y Marlene Cimons, National Science Foundation The algae that keep salmon and shrimp a bright pink might keep jet airplanes and automobiles running someday. It’s no secret that government, scientists and industry are devoting considerable resources and talent to developing renewable, cost-efficient and environmentally-friendly energy sources, the path to energy independence and to reducing the […]

Guardian: Fossil fuel subsidies are 10 times those of renewables

New analysis shows that government support for fossil fuel industry is about 10 times that offered to renewable energy firms Despite repeated pledges to phase out fossil fuel subsidies and criticism from some quarters that government support for renewable energy technologies is too generous, global subsidies provided to renewable energy and biofuels are dwarfed by […]

NYT: PV Now Cheaper Than Nuclear

PARIS — Solar photovoltaic systems have long been painted as a clean way to generate electricity, but expensive compared with other alternatives to oil, like nuclear power. No longer. In a “historic crossover,” the costs of solar photovoltaic systems have declined to the point where they are lower than the rising projected costs of new […]

New solar energy conversion process discovered by Stanford engineers could revamp solar power production

A new process that simultaneously combines the light and heat of solar radiation to generate electricity could offer more than double the efficiency of existing solar cell technology, say the Stanford engineers who discovered it and proved that it works. The process, called “photon enhanced thermionic emission,” or PETE, could reduce the costs of solar […]

Independent Study: Oil Shale Is a Poor Energy Source

Independent Study: Oil Shale Is a Poor Energy Source BOUDLER, CO – As the nation looks for new sources of fuel, one option being considered is oil shale. But a new report released today by Western Resource Advocates reveals that oil shale is no solution at all because it takes nearly as much energy to […]

Al-Qaida claims oil tanker attack in Gulf

An obscure al-Qaida-linked group said Wednesday one of its suicide bombers attacked a Japanese oil tanker in the Persian Gulf last week — a claim that, if true, would be the first time the terror network has attacked the Japanese. There have been conflicting reports about what happened to the M. Star supertanker, which was […]

Beyond Coal: A Resilient New Economy for Appalachia

A sustainable future based on coal is unlikely. But there is a promising alternative. Appalachia is privileged to be home to one of the world’s richest, most biologically diverse landscapes. Such diversity could promote the healing of damaged ecosystems and help establish the foundations for the next economy. This paper explores ways to make a […]

BP: Mud pumped into well is holding back the oil ‎

In a significant step toward stopping the worst offshore oil spill in U.S. history, BP said Wednesday mud that was forced down its blown-out well was holding back the flow of crude in the Gulf of Mexico and it was in a “static condition.” Workers stopped pumping mud in after about eight hours of their […]

Peak Gold?

In a recent interview with Reuters, Peter Munk, chairman of Barrick Gold, said that he believed the new wave of growth for mining firms isn’t in single metal mines. Gone are the days that a mining company could buy acreages of land to find just one valuable metal. Instead, companies are shifting to mixed metal […]

Shale Gas to Help Meet Chinese Future Energy Demand

Wood Mackenzie reported that unconventional gas, particularly shale, will increase significantly to help meet China’s strong gas demand growth. In its recent study, Race for Supply – the Future of China’s Gas Market, domestic unconventional production will account for over a quarter of total gas supply by 2030. However, unconventional gas resources will take a […]

Peak oil threatens BC’s food supply

B.C. farmers produce only 48 per cent of the meat, dairy, fruit and vegetables that we consume, according to a report prepared by the B.C. Ministry of Agriculture. The report, titled B.C.’s Food Self-Reliance, says that the area of farmland with access to irrigation in B.C. would have to increase by nearly 50 per cent […]

Tracing Oil Reserves to Their Tiny Origin

In 1913, as the automobile zoomed into American life, The Outing Magazine gave its readers a bit of background on what fueled the new motorcars in “The Story of Gasoline.” After a brief vignette describing the death of “old Colonel Stegosaurus Ugulatus,” the article explained that “yesterday you poured the remains of the dinosaur from […]

Study Warns ‘Peak Coal’ Could Be Just Years Away

a new study calls into question whether coal will still be cheapest available source of energy by the time electric vehicles start making a major dent in the auto market. Could a looming shortage force our hand in replacing coal with nuclear energy and renewables? In recent years, peak oil theory has received a lot […]

America’s delusions of energy independence

The problem I see with our current situation is that the vast majority of people, including pretty well all politicians and the media, don’t understand why oil is so valuable and why it is not easily replaceable.A major aspect of oil that makes it such a great energy source is that the Energy Profit Ratio […]

Colin Campbell explains Peak Oil

also Matt Simmons and some charts from the Movie Fuel, a documentary film by Josh Tickell

Heinberg: Five Ways to Profit BIG from Global Collapse

What can you do to optimize your chances in the case of hyperinflation, a deflationary economic Depression, an oil crisis, a famine, or a series of horrendous environmental disasters? If you don’t already know, you’d better wise up fast—because some or all of these exciting opportunities are on their way to a neighborhood near you! […]

Kunstler: Skidding Toward Fall

The true destination of the US economy is to get smaller and for two reasons mainly: 1.) Capital (“money”) is vanishing out of our system steadily and rapidly due to a massive collective failure to repay money owed on loans, mortgages, debts, and assorted obligations. 2.) Access to the primary resource we depend on for […]

BP prepares to plug Gulf oil well for good

BP engineers were preparing to pump heavy drilling mud and cement into the well in a procedure known as a “static kill,” retired Coast Guard Admiral Thad Allen, the U.S. official overseeing the federal spill response, said on Sunday. He said the two-pronged effort to finally kill the runaway well would start “as early as […]

World’s Largest Wind Project is Underway In California

The project, dubbed the Alta Wind Energy Center, is nearly double the largest existing wind project in Roscoe, Texas. The Alta development is expected to create more than 3,000 domestic manufacturing, construction and maintenance jobs and contribute more than a billion dollars to the local economy. The wind farm is being developed by Terra-Gen Power. […]

WSJ: Mexico Pemex Aims To Boost Investment In Coming Years

MEXICO CITY (Dow Jones)–Mexico’s state oil company Petroleos Mexicanos, or Pemex, wants more capital expenditure money for 2012 as it seeks to control declining production at offshore deposits, squeeze more crude out of new and mature onshore fields, and move forward with plans to dip into the deep waters of the Gulf of Mexico despite […]

What will it take to convince people about the dangers of peak oil?

At the time he was interviewed for Collapse Ruppert believed that the recent economic crash was the beginning of the unraveling of industrial civilization. Since then a partial revival, especially in Asia, has made that view seem at best premature. He may turn out to be right in the long run. But not today! Simmons […]

ASPO: “Many questions hanging over the oil industry”

“For nearly 20 years the world’s oil companies have extracted oil in deep water. Since production on land has been declining at the same times as the need for crude oil is increasing the companies have been forced to develop technology for deep water drilling. But the technology for extraction has been developed significantly faster […]

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