Oil Sands Could ‘Delay’ Peak Oil – Candice Beaumont

Light, sweet crude may get all the press, but increasingly, the energy markets have looked to heavy oil—or denser, less viscous crude than the current WTI standard—to stave off the impending peak oil supply crunch. In fact, crude from the oil sands and other “heavy oil” deposits could make all the difference, says Candice Beaumont, […]

IEA lifts 2010 global oil demand forecast

The International Energy Agency has raised its forecast for global oil demand this year following strong consumption in industrialised countries, but held its forecast for next year steady. The IEA on Friday lifted its forecast for global oil demand in 2010 to 87.3 million barrels per day, an increase of 400,000 barrels per day from […]

Heinberg: The End of Growth

Introduction: The New Normal The central assertion of this book is both simple and startling: Economic growth as we have known it is over and done with. The “growth” we are talking about consists of the expansion of the overall size of the economy (with more people being served and more money changing hands) and […]

Water scarcity adds to food pressures

Millions more people across Asia will become food insecure due to increased water scarcities, reinforcing the need for greater efficiency in both irrigated and rain-fed rice production. “The food security of hundreds of millions of people will be adversely affected,” Robert Zeigler, director-general of the International Rice Research Institute (IRRI) told IRIN on the sidelines […]

Peak Oil Finally Piquing Analysts?

According to a new report: We need to put a carbon price on oil to keep the price of oil down. You know how the climate-denier politicians love to warn the public that any climate legislation will increase energy costs and destroy our economy? A recent report pokes some holes in that reasoning. The authors […]

International Energy Agency says ‘peak oil’ has hit. Crisis averted?

It was a looming doomsday scenario: “Peak oil” would someday hit, potentially sending food prices soaring, stock markets reeling, and countries to war to seize and protect remaining oil reserves. Instead, the International Energy Agency said Tuesday, peak crude oil already came and went unnoticed in 2006. Crisis averted, apparently. Still, says IEA Chief Economist […]

IEA World Energy Outlook 2010: Questionable Assumptions and Major Omissions

1. Net Energy. The WEO assumes all energy resources are equal, without considering “Net Energy” or “Energy Return on Energy Invested.” Society needs a certain level of energy to maintain its current state of development. The resources we are talking about using now are of lower and lower net energy (oil sands, oil shale, arctic […]

How Long Before We Can Replace Oil?

Everyone’s heard about peak oil, that elusive point when production of oil begins its inevitable and irreversible decline. The problem with defining that elusive point comes from a few things. First, because more than 75% of the world’s reserves are controlled by governments, accurate data on reserves is nearly impossible to get. Sovereign nations don’t […]

IEA Acknowledges Peak Oil

If you go to the executive summary of the 2009 International Energy Agency World Energy Outlook, and search for “peak oil”, your browser will come up empty.  The whole subject was so beneath the dignity of a serious energy agency that they didn’t even bother mentioning it. However, yesterday, the 2010 IEA World Energy Outlook […]

Peak oil is spurring Vancouver’s self-sufficiency

What if you woke up one day and found that the world as you knew it had ceased to exist? It’s a thought that has probably crossed the minds of many and perhaps been quickly dismissed by most as silly. For Brennan Wauters, this prospect is real. That’s why he’s preparing for what he describes […]

IEA urges G20 to end fossil-fuel subsidies

The International Energy Agency wants to wean the world off fossil-fuel subsidies that it says artificially inflate global energy demand. The agency is urging Group of 20 nations to slash their estimated $312-billion (U.S.) in annual support. G20 leaders, who will be meeting in South Korea this week, have committed in the past to phase […]

Has the World Already Passed “Peak Oil”?

The year 2006 may be remembered for civil strife in Iraq, the nuclear weapon testing threat by North Korea, and the genocide in Darfur, but now it appears that another world event was occurring at the same time—without headlines, but with far-reaching consequence for all nations. That’s the year that the world’s conventional oil production […]

BP’s Alaska pipelines in danger of rupturing

The huge pipeline system that moves oil, gas and waste between BP’s operations in Alaska is plagued by severe corrosion, an internal maintenance report says. The document, obtained by the independent investigative journalism group ProPublica, shows that as of October 1, at least 148 BP pipelines on Alaska’s North Slope received an ”F-rank” from the […]

IEA sees oil peak in 2035

Global oil supplies will come close to a peak by 2035 when oil prices will exceed $200 a barrel, the International Energy Agency said yesterday, as China and other emerging economies drive demand higher. The IEA, in its 2010 World Energy Outlook, said it expected conventional crude oil output to flatten out in the next […]

The not so flat earth

One of my first blog posts was Oil, Half Way To Empty.  When I wrote that post over six years ago there was very little Peak Oil discussion in the media or the blogosphere.  In that post I quoted James Howard Kunstler: “The whole Archer Daniels Midland model of turning oil into corn into Taco […]

IEA releases World Energy Outlook 2010, “peak oil is an inevitability”

The International Energy Agency (IEA) today launched its eagerly awaited World Energy Outlook 2010 at the Hotel Crowne Plaza Hotel in London. At the press conference, Nobuo Tanaka, executive director of the IEA, began by saying that “recent events have cast an veil of uncertainty over our energy future. In the wake of recession, the […]

Peak Stuff: Are We There Yet?

Most everyone who follows energy knows “Peak Oil” as the moment when even the optimists can no longer postpone confronting the limitations of fossil fuel supply. Today I’m writing about “Peak Stuff”, a term I coined about 5 minutes ago to describe the point after which humanity realizes it cannot afford, does not need, and […]

Sustainable Growth Is An Oxymoron

I want to discuss a topic, climate change, which I think will affect our lives and our science dramatically in the coming years. As Bill McKibben observes in his recent book “Eaarth: Making a Life on a Tough New Planet,” many politicians and other policy makers have had a habit of discussing global warming as […]

Carbon Taxes Are Here (Even If You May Not Know It.)

Today I received a note under the door. It says there is going to be “a mandatory energy savings audit of the entire community.” The memo says this is “good news” because “the audit will take approximately less than 1 hour per unit and will be completed at NO COST to you.” It is not […]

Fusion Scientists Report Breakthroughs

Scientists this week are reporting a series of successes in nuclear-fusion technology, a theoretically limitless source of energy, with widespread positive implications for global economies and the environment. At universities, this appears to accompany an increase in student interest—although not an increase in research money. The Lawrence Livermore National Laboratory has just finished assembling a […]

UN: World must act today to boost rice supply

Urgent action is needed to reverse inefficient farming methods and boost the world’s supply of rice in order to prevent rising poverty and hunger, experts told a major world rice congress on Tuesday. “We must take action now, not next week, not next month, not next year, but today,” Kanayo Nwanze, president of the UN’s […]

That Vision Thing Again

“America’s infrastructure needs are dauntingly large, complex and urgent. Ultimately, if we are to regain not only economic stability but also prosperity, if we are to remain a creative and competitive nation, we will need to demonstrate the capacity for holistic thinking and integrative action.” [1] “What this election suggests to me is that the […]

Kunstler: Pre Post Mortem

The poetry of dynamic forces does not lend itself to easy explication. Thought exercise: Imagine the vector of a Chevy Trailblazer and a CSX coal train of four 3000-horsepower diesel engines hauling 88 loaded hopper cars four miles north of Chugwater, Wyoming. The Chevy driver left his meth lab, say, fourteen minutes earlier after piping […]

Jeff Rubin: Oil and the end of globalization

The video can be viewed at ASPO.TV. You know, knowing the nature of the disease is usually an essential first step to finding a cure. And so too, it is with a recession. Knowing the true nature of a recession goes a long way in helping us to avoid falling into another one. Particularly when […]

Sharp Rise In Oil Prices Could Hinder Recovery

Crude oil futures took a sharp jump last week and are approaching $90 a barrel on the New York Mercantile Exchange. Back in January 2009, oil was selling for less than $32 per barrel. Higher oil prices could hurt an economy struggling to recover. Kevin Leung, the owner of the Magic Rabbit Car Wash & […]

Oil and The Death of Globalization

Canadian Economist Jeff Rubin is known for his prescient calls in the oil markets over the past few decades. His most recent book, Why Your World is About to Get a Whole Lot Smaller, explains why continuously rising oil prices will mean the end of globalization. Jyskebank.tv caught up with Rubin at the Global Wealth […]

Population bomb still a fizzer

MORE than 40 years ago, American biologist Paul Ehrlich sketched a doomsday scenario for planet Earth in his book The Population Bomb. Adding more people to the planet would inevitably lead to mass starvation and ecological disaster. Since the publication of the book, the global population has nearly doubled but most of its gloomy predictions […]

Peak Oil Video by Jennifer Baumgardner

Short information piece about peak oil.

On building community resiliance

The power was out at my house last week,  I arose the next morning to spent candles and dried food jars scattered around the kitchen (hub) table. My family knew not to open the refrigerator door during a power outage, so they ate dried apples, nuts and seeds. While putting the jars of food away, […]

Swimming In Crude Oil? Record High Inventory Will Continue To Build

Despite the recent price surge in crude oil this week, basically going from $81.50 to $87 a barrel within this week–thanks to a Fed’s QE2-induced weak dollar– oil inventories actually added another 2 million barrels build to the current stockpiles. These are the highest inventory levels for Crude in 2010 and are just shy of […]

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