Iraq Crude Oil Output Rises to Highest Level Since 2003 War

Iraq’s oil production rose to 2.81 million barrels a day, the highest level since the U.S.-led invasion of the country in 2003, the Oil Ministry said today. Output at fields in the oil hub of Basra in the south reached 2.113 million barrels a day, while daily production in the northern region of Kirkuk stood […]

US, Saudi relationship in good shape: top US official

The key diplomatic relationship between Saudi Arabia and the United States is in “good shape” despite “scratchy” disagreements over Arab Spring revolutions, a senior US official said Friday. President Barack Obama and Saudi King Abdullah also have a very good understanding, US National Security Adviser Tom Donilon said, days after new concern emerged over one […]

Today I Opened My Last Unemployment Check

The temptation was to frame it, since it marks one of those transitions in life that merits being remembered. But I needed the money more than a memento, so I took my last unemployment check to the bank and deposited it — $367 for some necessities. Food, rent, gas. My last unemployment check was $160 […]

Michael Ruppert’s Portland, OR Speech – 9/11/11

Re-Writing Genesis One & The Forgiveness of Debt collapsenet.com

Heinberg: Gross National Happiness

After World War II, the industrial nations of the world set out to rebuild their economies and needed a yardstick by which to measure their progress. The index soon settled upon was the Gross National Product, or GNP—defined as the market value of all goods and services produced in one year by the labor and property […]

Daniel Yergin: There Will Be Oil

Since the beginning of the 21st century, a fear has come to pervade the prospects for oil, fueling anxieties about the stability of global energy supplies. It has been stoked by rising prices and growing demand, especially as the people of China and other emerging economies have taken to the road. This specter goes by […]

Indigenous Peoples’ View of Peak Oil

whatawaytogomovie.com presents another clip as part the “Why Are Things Falling Apart?” series. In this video, Jerry Mander discusses indigenous views of oil and resources, and how corporations overpower them.

U.N. Security Council eases sanctions on Libya

The U.N. Security Council on Friday eased sanctions on Libya, including on its national oil company and central bank, to enable key institutions to recover after rebels won a civil war. The 15-nation council voted unanimously for a resolution that also establishes a U.N. mission in Libya to help the North African nation get back […]

Book Review: The Quest

Daniel Yergin’s The Prize, first published in 1991, is a masterpiece; one of the few books that can truly be said to be essential reading for anyone hoping to understand international politics. A Pulitzer Prize-winning epic history of the oil industry from the first well in Pennsylvania in 1859 to Saddam Hussein’s invasion of Kuwait […]

What is the US up to in Iraq?

Imagine Dick Cheney’s reaction when confronted with this bit of information. Shia cleric Muqtada al-Sadr, a certified Iraqi nationalist leader and the country’s de facto kingmaker, has just called for the end of any “armed resistance” against US “invader” forces before a full US withdrawal in December 2011 – as established by the Status of […]

Cassandra’s curse: how “The Limits to Growth” was demonized

As part of a mini-series on “The Limits to Growth” (earlier posts here, here, and here), I am reprinting (with some minor modifications) a post that I published on “The Oil Drum” in March 2008. Above: image from an Athenian red vase from 5th century BC, where we see the prophetess Cassandra falling victim of […]

Who’s storing food now?

After the deadly super-flu epidemic in the film Contagion has emptied city streets and looters have cleared store shelves, Matt Damon’s character finds himself shivering in a food line when a soldier announces through a bullhorn that he’s sorry, but the supply of MREs has just run out. In response, the assembled hungry crowd breaks […]

Europeans Reignite Fusion Energy Project

The project was put on hold while a new lining was installed. This lining mimics the planned configuration of the International Thermonuclear Experimental Reactor (ITER), a full-scale experimental fusion reactor now under construction in southern France. As a consequence, the new undertaking at JET is being called the ITER-Like Wall Project. The JET team says […]

America and Oil: Declining Together

America and Oil. It’s like bacon and eggs, Batman and Robin. As the old song lyric went, you can’t have one without the other. Once upon a time, it was also a surefire formula for national greatness and global preeminence. Now, it’s a guarantee of a trip to hell in a hand basket. The Chinese […]

U.S. Can’t Track Tons of Weapons-Grade Uranium, Plutonium

President Obama has repeatedly said his top counterterrorism goal is to prevent terrorists from acquiring the building blocks to make nuclear or “dirty” bombs. In April of 2009, Obama announced a new international effort to “secure all vulnerable nuclear material around the world within four years.” Since then, the Department of Energy has dispatched scientists […]

Petrocapita : EROEI has peaked

Haven’t heard of EROEI? You can be forgiven if its not a topic that is on the tip of your tongue with issues of sovereign insolvency, QE3 and the like dominating the airwaves. I feel confident that EROEI is an acronym that will receive much wider recognition over the next decade. What is EROEI you […]

The Global Water Crisis

On September 16, 2011, water experts will gather in New York for a conference at the United Nations entitled the “International Water Forum”, the focus of which will be the alarming global water predicament. The mood at the U.N. will be somber. The water supply and sanitation situation around the world can only be described […]

Sharon Astyk: We are becoming the Saudi Arabia of dumb.

A few readers have asked me to comment on Goldman Sachs’ prediction that the US will be the world’s largest Oil producer in 2017. I am delighted to do so. Several possible comments come to mind. 1. Apparently Crystal Meth has become the trendy drug at Goldman. 2. How did the Yes Men get this […]

Robert Rapier: Battle Over the Definition of Success in the ‘Cleantech’ Industry

Thiel vs. Khosla on Cleantech: Who is Right? This past week PayPal co-founder Peter Thiel — who was also an early investor in Facebook — made headlines when he declared that “Cleantech is an increasingly large disaster that people in Silicon Valley aren’t even talking about any more. The failure in energy and transportation points […]

Surfing the waves of change – How green is Ireland?

To see what is in front of one’s nose requires a constant struggle – Orwell ASPO Ireland was invited to return this year (last year) to Cultivate‘s Rethink Tank at Global Green, a part of the Electric Picnic festival, to participate in a panel discussion on How green is Ireland? The panel was chaired by […]

Heinberg : Welcome to the Post-Growth Economy

During recent weeks, evidence has piled up that U.S. and European economies, far from recovering, are swirling back into recession. Failure of American politicians to address the federal debt crisis, the U.S. credit rating downgrade, and increasing fragility of European economies have investors running for the hills. Concern is being voiced that we may be […]

Australian Carbon Tax Law Introduced To Parliament

The Australian Parliament has commenced debating the new carbon tax law (dubbed Australia’s Clean Energy Future – nice title !). The debate isn’t highlighting anything new – the opposition thinks the world will end when it is introduced, the government and greens think it an essential step forward (which is true, though it doesn’t go […]

Peak Fish: Fishing for solutions

The hot word on eco-conscious foodies’ lips is the f word: fish. We Americans like our seafood, and the U.S. Department of Agriculture wants to see us eating twice as much. But that will put more pressure on wild fish populations, in an era of ever-rising global population. How will commercial fisherman keep up with […]

Goldman Predicts US As Top Oil Producer In 2017

On Sunday, September 11, 2011, Goldman Sachs (GS) predicted that the United States will become the world’s largest oil-producing country. This astonishing production increase is accomplished by changing the definition of oil and by using optimistic projections of liquids-rich shale production. The investment bank claims that U.S. daily production will increase from 8.3 to 10.9 […]

Chevron confirms Gulf of Mexico oil leak

A leak from a shallow water crude oil pipeline in the Main Pass Area of the Gulf of Mexico has led Chevron to shut down its offshore Louisiana Main Pass pipeline network, the company said on Tuesday. Chevron has also shut its Cypress line, the company said. About 15,000 barrels per day (bpd) of crude […]

Learning from China: Why the existing economic model will fail

A water crisis is unfolding in Saudi Arabia that could have profound implications for both the Saudi people and for the rest of the world. Last week, Reuters published a feature describing how Saudi Arabia’s water crisis is eating into its oil revenues. According to the article, “water use in the desert kingdom is already […]

Water, oil and food – a crisis for Saudi Arabia and the world

A water crisis is unfolding in Saudi Arabia that could have profound implications for both the Saudi people and for the rest of the world. Last week, Reuters published a feature describing how Saudi Arabia’s water crisis is eating into its oil revenues. According to the article, “water use in the desert kingdom is already […]

The Peak Oil Crisis: A September Recap

The release of the International Energy Agency’s Oil Market Report for September is a good time to review the status of our ongoing crisis for the report updates the IEA’s latest thinking on the prospects for global oil. The IEA reports that its preliminary estimate for world oil production in August was 89.1 million b/d […]

Abiotic Oil a Theory Worth Exploring

It’s our nature to sort, divide, and classify. We label ourselves to identify political leanings, religious beliefs, the food we enjoy, and the sports teams we cheer. The oil industry too has its own distinct labels which include the “Peak Oil” theorists, those who believe the world is fast depleting the finite supply of fossil […]

Matt Simmons (Bloomberg): Peak Oil Now, Oil Perhaps to $300

Matthew Simmons, chairman of Simmons & Co. International in Houston, talked yesterday with Bloomberg’s Rhonda Schaffler about the need to address energy use, his view that global supply has peaked and the likelihood oil prices could reach as much as $300 a barrel.

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy