Pakistan Militants Hit NATO Convoy

More than a dozen oil tankers carrying fuel for NATO troops in Afghanistan were torched in Rawalpindi early on Monday, not far from the national capital and the headquarters of the Pakistani military, police said. The attack was the second on NATO vehicles since Pakistan closed a major border crossing to Afghanistan last week in […]

Reuters: Oil reserves declining – but how fast?

Iraq’s declaration on Monday that its proven recoverable reserves have risen by 25 percent to 143billion barrels is likely to revive debate on how much oil and gas the world really has left. In July, Venezuela said it hoped soon to overtake Saudi Arabia as the country with the biggest oil reserves. Also in July, […]

Military reports leading the charge in peak oil debate

Another military report is targeting future oil supply concerns. Fueling the Future Force: Preparing the Department of Defense for a Post-Petroleum Environment, published September 27, is the third military consideration of a future of scarce oil published so far this year. It states that 77 per cent of the US Department of Defense’s “massive energy needs” are […]

Iraq Plans to Raise Official Estimate of Crude Reserves

Iraq’s government will announce tomorrow that the country’s crude oil reserves are larger than the current estimate of 115 billion barrels, an oil ministry spokesman said. Oil Minister Hussain Al-Shahristani will disclose the revised figure at a news conference in Baghdad, Asim Jihad said in a telephone interview in the capital. “The new figure will […]

Chinese invest $7bn in Brazil oil

Chinese oil firm Sinopec is to pay $7.1bn (£4.5bn) for a 40% stake in the Brazilian energy projects of Repsol. It means that the subsidiary – Repsol Brasil – now has enough money to develop its major offshore assets in the Guara and Carioca basins, near Rio de Janeiro and Sao Paulo. The Spanish company […]

Collapsus, Transmedia, The Energy Risk Conspiracy

I just met Tommy Pollatta at the Open Video Conference in NY. He’s the producer of Waking Life and A Scanner Darkly, and now the producer and filmmaker behind a “transmedia” project called Collapsus. Not only is Tommy about the sweetest guy you’d ever want to meet, but he’s also developing some great tools and […]

Russian Oil Production Reaches Post-Soviet High

Russia, the world’s largest energy supplier, pumped a post-Soviet record amount of crude last month as state-run producer OAO Rosneft increased output at a new field in Siberia. Output advanced 1 percent from the same month last year to 10.16 million barrels a day, according to Bloomberg calculations based on Energy Ministry data released today. […]

Things Will Unravel Faster Than You Think

By my analysis, we are not yet on the final path to recovery, and there are one or more financial ‘breaks’ coming in the future. Underlying structural weaknesses have not been resolved, and the kick-the-can-down-the-road plan is going to encounter a hard wall in the not-too-distant future. When the next moment of discontinuity finally arrives, […]

Chevron gets permission to drill in North Sea

The British government has granted the first consent for new deepwater drilling in U.K. waters since the Gulf of Mexico oil spill. The Department for Energy and Climate Change said Friday it has given U.S. company Chevron Corp. permission to begin drilling an exploratory well in waters west of the Shetland isles. The British government […]

Video: Understanding Peak Oil

From the Movie Crude-Awakening… Official documentary website – http://www.oilcrashmovie.com/index2.html

Richard Heinberg: Economics for the Hurried

The first economists were ancient Greek and Indian philosophers, among them Aristotle (382-322 BC)—who discussed the “art” of wealth acquisition and questioned whether property should best be owned privately or by government acting on behalf of the people. Little of real substance was added to the discussion during the next two thousand years. The 18th […]

Spill panel says it’s getting the silent treatment

The leaders of a federal probe into the Gulf of Mexico oil spill complained Tuesday that companies involved in drilling BP’s doomed Macondo well are stonewalling their investigation. William Reilly, the co-chairman of the national commission on the spill, said a number of people have declined to comment on the record about what happened on […]

UK oil use drops as renewable sector grows

The Department of Energy and Climate Change (DECC) has released its quarterly energy statistics, which reveals a 5.3 per cent year-on-year fall in oil consumption and a big increase in the take-up of renewable sources of power. The official reports reveals total production in the second quarter of 2010 at 39.9 million tonnes of oil […]

India’s solar advantage

The first set of projects under India’s ambitious National Solar Mission went under the hammer last week. Initial trends show that the capacity bid is at least three times more than the 620MW that is to be awarded, though the final numbers could show a much higher multiple. There are, however, no alarm bells going […]

Geoengineering May Represent Earth’s Best “Plan B”

Beyond Copenhagen and Cancún, a different climate debate has been brewing. The outcome of this debate, however, will affect far more than the climate, and that is precisely why it is so contentious. As many countries continue to refuse to cap their greenhouse gas emissions and climate change-induced emergencies become increasing likely – or frequent […]

Can Africa Strike a Balance Between Food and Fuel Crops?

Senegal, which uses more than 500 million litres of diesel a year, has been developing an ambitious bio-diesel programme to be energy and food sufficient by 2012. And while research by the Imperial College in London has shown that bioenergy is not only compatible with food production, but can also greatly benefit agriculture in Africa, […]

Lester Brown: Civilization’s Foundation Eroding

The thin layer of topsoil that covers the planet’s land surface is the foundation of civilization. This soil, typically 6 inches or so deep, was formed over long stretches of geological time as new soil formation exceeded the natural rate of erosion. But sometime within the last century, as human and livestock populations expanded, soil […]

Total, Shell, Statoil, Eni Pull Out of Iran

Energy giants Total, Shell, Statoil and Eni have pledged to end their investments in Iran. The pledges fall in line with tough new energy and financial measures the U.S. Congress imposed on Iran in June, which came atop U.N. Security Council sanctions imposed earlier the same month to curb Iran’s nuclear ambitions. “I am pleased […]

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