Egypt, Iraq to Enhance Cooperation in Fields of Oil, Gas

Egyptian Minister of Petroleum Sameh Fahmy visited Iraq with a high-ranking delegation within the framework of cooperation between the two countries in the fields of oil and gas. The visit is meant to activate a strategic agreement signed between both countries’ oil ministers in May 2009. Fahmy met with outgoing Iraqi Prime Minister Nouri al-Maliki […]

When a Rig Moves In Next Door

IN the sparsely populated pastures of De Soto Parish in Louisiana, the ability to extract gas from shale — which can involve a process known as fracking — has been welcomed as an economic windfall. Some residents call it a gift from God. But 1,400 miles to the north, in Susquehanna County in Pennsylvania, shale […]

The oil spill’s other effects

Several surveys have documented some of the after-effects on coastal residents of the oil spill that resulted after the Apr. 20 blowout of BP PLC’s Macondo well in the deepwater Gulf of Mexico. Researchers at Columbia University’s National Center for Disaster Preparedness, in collaboration with the Children’s Health Fund and The Marist Poll, interviewed more […]

China Closes In Around its Rare Earth

The western world sees China erecting trade walls. But China sees a throwback to an era of plundering and forceful western politics that followed the Opium wars of the 19th century and precipitated the collapse of the Chinese empire. The international furore over China’s grip on rare earth metals has yet again pitched against each […]

OPEC: Global oil demand rising, with marked upswing in Asia

The Organization of Petroleum Exporting Countries forecasts continued growth in global oil demand over the next 20 years, while acknowledging the potential impact of environmental policies on the energy market. “Over the period 2009-30, consumption in developing countries increases by more than 22 million b/d. Of the total global oil demand growth in the long […]

Peak Moment TV: Coping with the Decline

This time Janaia’s in the hot seat! In this interview by Jim Fritz on Port Townsend Television, she tackles corporate control and a dysfunctional system that profits from increasing unhealthiness and consuming the planet. She points to Peak Moment guests as models for the average family to gain genuine security. They’re withdrawing from the money […]

Nicole “Stoneleigh” Foss: “Expect Next Phase Of Market Crash And A Large One For That Matter…”

Nicole Foss alias Stoneleigh – the co-editor-in-chief of the blog The Automatic Earth, together with Ilargi – is one of a few „big picture“ persons and it was a delightful experience to meet her at ASPO peak oil conference. For her, business-as-usual is not an option and current form of capitalism is a Ponzi scheme. […]

Noam Chomsky: No Evidence that Al-Qaeda Carried Out the 9/11 Attacks

Leading liberal intellectual Noam Chomsky just told Press TV: “The explicit and declared motive of the [Afghanistan] war was to compel the Taliban to turn over to the United States, the people who they accused of having been involved in World Trade Center and Pentagon terrorist acts. The Taliban…they requested evidence…and the Bush administration refused […]

Population growth is a choice

When it comes to questions of population, ignorance often prevails. The business lobby in Australia, often through its many and varied “independent” centres and institutes, leads the way. Population growth propoganda specialises in denial. Photo: Cameron Richardson.Population growth propoganda specialises in denial. Photo: Cameron Richardson. Through its complex web of public relations activities, it pushes […]

Fuel Efficiency Paradox (aka Jevons Paradox)

If you become more efficient at your job, do you go home early? No. You produce more output using the same amount of time. The same goes for energy. Here’s something to consider when we’re being bombarded with PSAs on energy efficiency. The following shows why better efficiency may not reduce consumption of energy. Increased […]

Arab world to face extreme water crisis by 2015

The Arab world, one of the driest regions on the planet, will tip into severe water scarcity as early as 2015, a report issued on Thursday predicts. By then, Arabs will have to survive on less than 500 cubic metres of water a year each, or below a tenth of the world average of more […]

The Reason Oil is Up $5 this Week

Check out this chart for light, sweet crude. In the past two years, crude has bottomed at $33, only to come roaring back to the high eighties. There it sat, trading in a tight range as it built a base at $70. That’s called a consolidation pattern; it’s also a precursor to the next leg […]

Peak Oil Guru Robert Hirsch Gives The Definitive Guide To The Coming Energy Fiasco

There is no greater advocate of peak oil than Robert Hirsch, who directed America’s nuclear energy program in the 1970s and authored the first major warning to the Energy Department in 2005. Hirsch repeated his warning at last month’s ASPO-USA conference and said the time has come to adjust your lifestyle and portfolio. His advice: […]

Current and Future Saudi and Russian Oil Production

One of the inexorable results of the developing shortage of oil is that prices will rise. It is a prospect that does not particularly concern the Saudi Arabian Administration, Minister Al-Naimi having recently inflated the acceptable range for crude up to $90 a barrel, and JP Morgan has recently predicted an imminent rise to $100, […]

A Probabilistic Assessment Of Short-Term Inflation, Deflation, Hyperinflation And Serious Deflation

The blogosphere has been rife with debates over whether the U.S. economy will experience inflation or deflation over the next year or two. Typically, those on either side of the debate believe that, regardless of the specific outcome, it will be severe and destructive, but there are some who believe it will be a milder process. It […]

Weeden’s Maxwell: Brace For $300/Barrel Oil

When IndexUniverse.com Managing Editor Olivier Ludwig caught up with Charles Maxwell, Weeden & Co.’s senior energy analyst, it was to talk about so-called “peak oil,” the theory that holds that the day when oil production around the planet is no longer sufficient to meet demand is nearly upon us. Maxwell, who has been involved in […]

The Peak Oil Crisis: The Leading Edge

Do you remember the furor over drilling for oil in the Alaska National Wildlife Refuge a few years back? The whole country was up in arms. At various times some 50 to 60 percent of Americans favored drilling in the area as they were told this would result in lower gas prices. Last week the USGS lowered its estimate of the amount of oil […]

Gulf Spill Cleanup Proceeds Amid Mistrust

A couple of weeks ago, enormous orange-brownish strings of something were seen floating out here in the open water near the mouth of the Mississippi. The water looked like chocolate syrup in some parts and Coca-Cola in others, said Cindy Cruikshank, who has been fishing for 53 of her 59 years. It smelled like an […]

Peak oil Canadian task force recommends steps to reduce oil dependency

The first Canadian task force to tackle “peak oil” is recommending that the Squamish-Lillooet Regional District work to reduce oil imports and exports by 2.6 per cent annually. The “boldest recommendation” from the Energy Resilience Task Force is for the SLRD to adopt a peak oil resolution and the Oil Depletion Protocol, an international agreement […]

Peak oil: what dwindling oil supplies means for the world

Professor Kjell Aleklett, co-founder and president of the Association for the Study of Peak Oil and Gas (ASPO) and leader of the Global Energy Systems Group at Uppsala University Sweden is an internationally renowned peak oil expert who has advised the United States House of Representatives and the Australian Senate. President of ASPO since 2003, […]

How increased renewable fuel standards could lead to less supply

Energy economist Phil Verleger’s weekly report that he sends to journalists and clients is provocative this week, as is often the case. He traces a path from the renewable fuel standards ratcheting up relentlessly, year by year, to the possibility of refiners cutting runs just to stay in compliance with the law. His argument goes like […]

Food prices will continue to grow

IF CONSUMERS are unhappy about food prices now, they won’t like what’s coming. Population rises are just one of a range of factors listed by economist Professor Claudio Malagoli as contributing to an ongoing escalation in food prices – although not necessarily with any price benefit to farmers locked into a system geared only for […]

Peak oil vs. pathological optimism

Why are we “the Doomers” for thinking oil is limited? Clinical psychologist Kathy McMahon (“the Peak Shrink”) finds people all over the world are worried about fossil civilization collapsing. In this hot new speech, get answers for our own sanity, in a crazy world. Recorded by Alex Smith. Ecoshock 101029 1 hour CD Quality 56 […]

The coming liquid fuel crisis

We face a liquid fuel crisis in two to five years. That was the stark message from an international conference on peak oil in Washington DC that I attended last month. It will be far worse than the 1973 and 1979 oil shocks that induced panic, disorientation and insecurity. Back then stock market declines followed […]

Peak Oil is History

The marketing blurb on the back cover of the first edition of my first book, Reinventing Collapse, described me as “a leading Peak Oil theorist.” When I first saw it, my jaw dropped—and remained hanging. You see, if you run through a list of bona fide leading Peak Oil theorists—your Hubberts, your Campbells, Laherrères, Heinbergs, […]

Year of the zombie

Transylvania has vampires. Japan has Godzilla. And America has grain-fed, brain-dead zombies—the perfect malady for a land with a critical cultural identity crisis and Abrahamic doom lurking just discernibly below the horizon, our heads blissfully buried in oily Gulf Coast sand. Zombies are what we can’t run away from. AIDS epidemics, impending economic collapse, climate […]

India/ China To Contribute Majority Of World Middle-Class Population By 2030

Recent financial and demographic studies have revealed that by the time the year 2030 comes around a majority of the middle class population of the world will be from China and India. It has been estimated that the people of India and China will account for as much as 45 per cent of the middle […]

Bacteria Can Build Better Roads for Our Peak Oil Years

Local jurisdictions in Red state America, increasingly unable to agree to taxes to jointly afford repaving at peak oil prices are simply letting roads decline – in the same way as after the fall of the Roman Empire, in the dark ages there, many roads in Europe returned to mud tracks. But an innovative new […]

Rescuing suburbia

VIDEO of Jeff Vail’s talk (courtesy of ASPO TV) Below the fold are the slides, and a rough approximation of my presentation entitled “Rescuing Suburbia” from the 2010 ASPO-USA conference in Washington, D.C. The presentation takes a fairly one-sided approach to the issue of how suburbia will fare for the long haul, primarily as a […]

Libra Oil Field Reserves Could Be Up to 15B Barrels

Brazil’s oil regulator ANP on Friday said a discovery in the Libra oil field could contain recoverable reserves of up to 15 billion barrels of oil, which would make it larger than all of Brazil’s existing oil reserves combined. The estimate produced by Gaffney, Cline & Associates said the field’s reserves were between 3.7 billion […]

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