Although near-term uranium demand is expected to decline as the nuclear power industry re-evaluates future growth following the Fukushima nuclear crisis in Japan, there exists a potential opportunity for uranium producers, according to industry analyst TradeTech. Uranium demand from secondary sources, which today provide about 40 percent of total uranium supply, is expected to drop […]
President Hugo Chavez announced that Venezuela’s state oil company will boost its crude output by 30,000 barrels a day beginning Thursday in honor of his 57th birthday. It’s a symbolic increase for a country that claims to already produce about 3 million barrels a day. But Chavez told state television Wednesday it’s part of a […]
Saudia Arabia is getting all the attention as it unilaterally boosted its oil production after last month’s failed Opec meeting, but neighbouring Kuwait deserves consideration too. The emirate, which at the begining of the year was pumping 2.3m barrels a day, is ramping up its output significantly, according to industry executives. The estimates vary, but […]
The last few nights have been restless, to say the least. And the worst part is I know exactly why I keep up my insomniac pacing. A single thought has been rushing to the forefront of my sleepless psyche: Let’s hope it won’t be us asking the Saudis for more oil. That’s what we were […]
Dakshina Kannada zilla panchayat, district administration, district health and family welfare and Government Wenlock Hospital organized World Population Day at the Regional Advanced Paediatric Care Centre here on Tuesday. Delivering the inaugural address, deputy commissioner N S Channappa Gowda said awareness should be created among people in villages to control the population growth. While the […]
It seems everything is peaking these days. You’ve heard of peak oil – the point at which our global oil extraction starts falling. There’s also discussion of peak food, peak wood, peak phosphorous, peak water and peak rare earths. Now here’s a new one for you: peak cars. Australians Peter Newman and Jeff Kenworthy write […]
Since the end of World War II, and especially since the 1960s, the Kreuzberg district in Berlin has been a melting pot of cultures, with residents hailing from the Balkans, Central Europe, the Mediterranean, Africa, Asia and Latin America. In keeping with this cultural diversity, the Moritzplatz urban garden in the heart of Kreuzberg – […]
Real-time information about the cost of electricity use can change consumers’ behavior significantly, according to a study by local power grid operator CenterPoint Energy. The study of 300 Houston-area homes where residents were given devices that provided minute-by-minute power use information showed that more than 75 percent of the participants cut back their power usage […]
So far, plutocrats haven’t shown much willingness to compromise. Image: Propaganda Remix Project. Few would disagree that the contemporary capitalist societies of the Western world are in crisis. The crisis takes the form of a syndrome — a condition made up of a variety of symptoms that relate to each other in complex ways — […]
California stands poised for a crude rejuvenation of sorts, as development of the Monterey Shale play holds a key to reversing the state’s decades-old trend of declining production. Call it a “California revolution,” as does Phil McPherson, a senior research analyst with Global Hunter Securities. Bakken and Eagle Ford, the all-stars of the U.S. shale […]
Yesterday, I did a simple rough calculation about General Motors to try to get at how much manufacturing job loss one could attribute to foreign competition versus automation and productivity increases. Various commenters objected that my assumptions were too simplistic, particularly in neglecting the domestic content in foreign autos and the importance of shifts in […]
I recently wrote an article called Oil Supply Limits and the Continuing Financial Crisis, which has been accepted by the journal Energy. It is still in pre-publication status, but the corrected proof is available for purchase. Because of copyright limitations, I can’t reproduce the article, but I wanted to at least provide a summary. When […]
Ian Dunlop is Deputy Convener of the Australian Association for the Study of Peak Oil. Working with the Club of Rome, Ian wrote and helped produce this presentation on Peak Oil, also available as a Flash application here: http://sydneypeakoil.com/downloads/COR_peak_oil_ian_dunlop.app
WHAT enables civilised life and economic growth? It’s an issue that I was forced to contemplate after listening to a sobering yet insightful lecture by Jeremy Wakeford, chairperson of the Association for the Study of Peak Oil (Aspo), at a Finwrite conference on financial journalism at Wits University in Johannesburg recently. Along with the numerous […]
“A Gallup poll from late last year found that 80% of Americans believe their country ‘has a unique character that makes it the greatest country in the world.” There are very few political propositions which can command 80% support; that this one does shows just how much American exceptionalism is solidified as political orthodoxy in […]
Since the IEA intervened in global oil markets back in June, open interest in the Nymex WTI crude oil $120 strike call for December 2011 delivery has increased by 12 percent. This is yet another clear sign that attempts by oil-consuming nations to manufacture lower prices (without addressing long-standing structural constraints in physical cost drivers) […]
We’ve learned to loathe OPEC for oil. Will we have to deal with an OGEC for natural gas? The oil market is global, which is a root cause of the economic and geopolitical briar patches in which the oil-intense U.S. regularly finds itself. Bomb a pipeline in the Middle East, blow over an offshore rig […]
Perhaps you are a bit confused by the titled of this blog entry. So am I, but that’s what’s increasingly being posted on Monster.com. If you don’t have a job, you’ll find that it becomes the basis upon which you’ll be discriminated against. And unlike age, race, or gender, you won’t have a leg to […]
Technology Review has an article on bioplastic – “Dow Chemical is building a plant to make polyethylene from sugarcane at costs that rival petrochemical production” – Cheap Plastic Made from Sugarcane. Making plastic from sugar can be just as cheap as making it from petroleum, says Dow Chemical. The company plans to build a plant […]
Self-professed contrarian and 321Energy Founder Bob Moriarty expects energy and food prices to follow oil on an upward trajectory, fueling more and more turmoil, unrest and violence around the planet, including the Western world. Read on for more insights in this exclusive interview with The Energy Report. The Energy Report: The markets don’t appear to […]
The 1973 Film Soylent Green predicts a future world in the year 2022 where the stark landscape has been cleared of vegetation, temperatures are sweltering, mass extinction of flora and fauna means there’s no fresh food and the masses inhabiting overpopulated cities are fed energy concentrate wafers by the Soylent Corporation. The new Soylent Green […]
Alternative energy (or renewable energy) is a new manufacturing industry paradigm that is in its infancy. However, the discussion is not new, and it looks as if the United States has positioned itself to be behind history on what can be a very promising industry for a stumbling economy. After the oil shortages in the […]
Today’s energy crunch is starting to look more and more like the energy crisis of the late 1970s. But if President Obama doesn’t want to end up like Jimmy Carter, maybe he should consider actually taking a page out of Carter’s playbook and start leveling with the American public about energy. After the anniversary of […]
Iran reached a $10 billion (Dh36.7 billion) agreement with Iraq and Syria to allow the transit of natural gas from Iran’s South Pars field to Europe via Lebanon and the Mediterranean Sea, official state media reported. Iranian, Iraqi and Syrian oil ministers signed the agreement yesterday, state-run IRIB News reported, citing remarks by Javad Owji, […]
Chevron Corporation (NYSE: CVX) and NASA’s Jet Propulsion Laboratory (JPL) announced today the formation of an alliance to develop a range of technologies to improve the production and recovery of oil and natural gas resources. The alliance’s initial focus is to develop a wide range of technologies—including power transmission, signal processing and electrical actuation—for application […]
Global food prices will remain high as underinvestment in agriculture over decades has left supplies unable to meet demand, according to a United Nations agency. “We are just depleting our stocks and now we have this high population growth,” Kanayo F Nwanze, president of the International Fund for Agricultural Development, said in an interview. “Prices […]
Did you hear? Fracking is the new Gaddafi in France! That’s right. Shale gas production is the new distraction of the center-right government of Nicolas Sarkozy, the most recent of many populist gambits that seek to reverse Socialist gains ahead of next year’s presidential elections. In the past, fledgling polls or upcoming elections have coincided […]
Balancing plants accommodate wind energy to the grid and thereby help maintain voltage and frequency at target values, i.e., they ramp down corresponding to an incoming wind energy surge and ramp up corresponding to a wind energy ebbing. Each ramp may last, say 5 minutes, or about 12 x 24 = 288 ramps a day, […]
I always enjoy Randall Parker’s take on things over at Parapundit. He writes a lot of fine gloomy stuff about Peak Oil. I missed this link of his from back in May, though. It’s to an article in the Energy Bulletin taking resource alarmism to the next level: Peak Everything! After drinking deep from this well of […]
“Printing money doesn’t mean anything. Money is only a promise to expend energy, and if there’s no energy the money becomes valueless. And the World is past Peak Oil. We’ve past Peak Food. We’ve past Peak Coal. You can print all the money you want, but it won’t put any more energy out there to […]
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