There is a whole genre of advice on peak oil sites for how to deal, at a personal level, with peak oil, most of which is so inane that I have tended to steer clear of the whole subject. Things like gardens, solar panels, etc, can be overemphasized. I also am wary because everyone’s situation […]
Late last month a newly enhanced web site, www.energyshortage.org, dedicated to collecting articles concerning energy shortages around the world reappeared on the web after an absence of some months. The stories deal with coal, electricity and natural gas shortages as well as oil. In the course of the past month the web site has located […]
Chapter 84 – Bond salesmen’s propaganda that “a dollar is a dollar” should be rewritten to say “a dollar is 3¢” Since most ordinary people, bankers, and company presidents have never studied currency theory, they swallow it hook, line, and sinker when the bond salesmen tell them, “a dollar is a dollar.” That piece of […]
The democracy uprising in the Arab world has been a spectacular display of courage, dedication, and commitment by popular forces — coinciding, fortuitously, with a remarkable uprising of tens of thousands in support of working people and democracy in Madison, Wisconsin, and other U.S. cities. If the trajectories of revolt in Cairo and Madison intersected, […]
Prime Minister Naoto Kan is considering setting up a big underground tank in the compound of the radiation-spewing Fukushima Daiichi nuclear plant to prevent contaminated water from spilling into the sea, a fishery official said Wednesday. ‘‘There is bedrock 46 meters underground. The government has found that no tainted water will seep below (the bedrock) […]
BP expects to resume drilling in the Gulf of Mexico in the second half, more than a year after the Macondo well blowout that caused the worst U.S. spill, Chief Financial Officer Byron Grote said. BP has applied for permits with the U.S. authorities, Grote told analysts today on a conference call. Production from the […]
The price of oil isn’t the only hydrocarbon going through the roof. Check out thermal coal prices to see how dependent economic growth has become on burning increasing amounts of fossil fuels. Prices of Newcastle coal, the Asian coal price benchmark, are poised to rise by as much as 30 per cent this year, approaching […]
Venezuela is imposing a windfall profits tax on royalties from oil projects when crude prices are above $40 a barrel, seeking to squeeze as much as $16 billion mostly out of foreign oil companies, the government said Tuesday. Energy Minister Rafael Ramirez said the tax, which was decreed by President Hugo Chavez last week, will […]
The widespread assumption that world population, now at 6.9 billion, will inevitably grow to 9 billion by midcentury is wrong. Population could peak before then and at a lower level, ameliorating environmental risks associated with climate change, water scarcity, biodiversity loss, and food and energy insecurity. The equally widespread belief that an earlier, lower population […]
The great energy transition begins now. Oil will go into decline within a few years, and our economies will be craving energy over the next half century. Renewable sources cannot possibly fill the oil void, and if we want to maintain our economies we have only one choice: nuclear power. Taking a historical view, the […]
A lot of us worry about extended power outages, and for good reason – they are incredibly disruptive to large areas. The more one knows about our extant outdated electric grid with its weak infrastructure, the more this sort of thing is worrisome. I certainly do think that there are some compelling reasons to worry […]
The birth of Canada’s natural gas industry actually started by accident. At the time, the Canadian Pacific Railway was sniffing around for water to use at its transcontinental railway. Drilling a little over 30 miles northwest of Medicine Hat, Alberta, workers didn’t exactly find the water they were expecting… Instead, they struck gas. Thanks to […]
Russian President Dmitry Medvedev has proposed a plan to tighten the safety standards in nuclear power plants of the world and sent it to world leaders on Tuesday. It will be discussed by the Group of Eight at a summit in Deauville, France, on May 26 and 27. Mr. Medvedev was speaking at a memorial […]
North Dakota is booming. Its unemployment rate is the lowest in the country, 3.7 per cent, and so many people have moved there for jobs that last year local officials declared a housing crisis. The new workers have been drawn by the Williston Basin, in the western part of the state, which holds the largest […]
Remember how the war in Iraq was just to steal Iraqi oil? CNN reports today that the Iraqis are now preparing to keep the profits of their own resources, rather than having them line the pockets of the tyrant Saddam Hussein. The Oil Ministry will auction 12 new exploration zones as Iraq attempts to boost […]
British scientist Christopher Busby, a researcher on the negative health effects of ionizing radiation, told Russia Today that one of the explosions at the crippled Fukushima nuclear plant in Japan was a nuclear explosion, not a hydrogen explosion as widely reported in the media. Busby said the explosion at Chernobyl in 1986 was also a […]
This video explains the links between the current sovereign debt crisis in Europe, the bursting of the debt supercycle, it’s detonator peak oil, and the likelihood of a velocity of money lead hyperinflationary event which will lead to systemic financial collapse
A 60 minute university lecture on Peak Oil? What is it, what are its causes, consequences, alternatives and solutions. Dr. Krassimir Petrov, AUBG Professor: Krassimir Petrov, Ph. D.
In Feb., 2011, two Australian experts in global phosphorus said that instability in the Middle East and North Africa could threaten food security in the world because the region boasts high proportion of global phosphate rock reserves. Instability is really a component in a looming supply-demand gap in global phosphorus resources. It is predicted that […]
The U.S. economy is dying and we are heading for the next Great Depression. The talking heads in the mainstream media love to spin the economic numbers around and around and they love to make it sound like the economy is improving, but the truth is that it doesn’t take a genius to see what […]
NHK reports: The operator of the troubled Fukushima Daiichi nuclear power plant is carefully monitoring the situation at the Number 4 spent fuel pool, where the water temperature is rising despite increased injections of cooling water. Tokyo Electric Power Company, or TEPCO, says it will inject 210 tons of water into the pool on Monday, […]
Dismantle the oil rigs and stack them in a pile. Radio the tankers and order them back to port. Pull out the drills and cement up the wells. What would happen next? How would we live in a world without oil? First, there’s transportation. With the overwhelming majority of the oil we produce and import […]
This is the “most important economic event since the Industrial Revolution,” according to Jeremy Grantham, a highly respected Boston investment manager and philosophe on the most cutting edge economic and financial matters facing the world. It is the coming shortage of everything– cement, iron ore, coal, steel, lead, zinc, aluminum and copper. Time to go […]
This article is the summary of Chapter 4 of Richard Heinberg’s new book ‘The End of Growth’, which is set for publication by New Society Publishers in September 2011. This chapter explores the possibilities of innovation, substitution and efficiency to maintain economic growth. Access previous chapters here. Read Chapter 4: Part 1 Read Chapter 4: Part 2 Read […]
Cryptogon points to some recent reports about unrest in China over fuel prices – China: Thousands of Truck Drivers Riot in Shanghai Over Fuel Prices. ZeroHedge is right: China is now between a rock and a hard place: will it continue happily importing Bernanke’s inflation exports or finally retaliate. Unfortunately for its economy, the appropriately […]
The Executive Director of the International Energy Agency (IEA) has warned that curbing rising fossil fuel prices will require significant investments and further development and deployment of renewable energy technologies, energy efficiency, and advanced vehicles. Nobuo Tanaka noted that the renewed debate on nuclear energy could have an impact, not only on climate change but […]
Ravaged by years of war and geographically disadvantaged, Afghanistan nonetheless believes it has the potential to be a future oil producer of some note. The odds are stacked against it: the country is landlocked and mountainous, and investors could well be put off by fears of political instability and the presence of foreign troops. But […]
Preface: I take very seriously any warning about consuming a product which is important for the local economy. But when a respected radiation expert issues this type of warning, I have to pass it on. I wrote to radiation expert Dr. Chris Busby to ask him if he thought people living outside of Japan should […]
Mexico’s Pemex crude output, exports flat in April MarketWatch / Apr 19, 2011 << Mexico’s state-owned oil company Petroleos Mexicanos, or Pemex, said crude-oil production and exports were stable in the April 1-17 period, with total output just under the company’s target of 2.6 million barrels a day. >> Stable Doesn’t that word sound nice? […]
The second growing season is in full swing for the rooftop urban farmers at Brooklyn Grange. Located atop a six-story 1919 warehouse, the 40,000 square foot organic rooftop farm built by Bromley Caldari Architects is believe to be the largest of its kind in the world! The almost 1-acre farm is an oasis surrounded by […]
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