The Top 10 Myths About Natural Gas Drilling

Claim No. 1 “WE ARE THE SAUDI ARABIA OF NATURAL GAS.” SEN. JOHN KERRY, D-MASS., MAY 2010 Less than a decade ago, industry analysts and government officials fretted that the United States was in danger of running out of gas. No more. Over the past several years, vast caches of natural gas trapped in deeply […]

Panama Has an Estimated 900 Million Barrels of Oil

Panama’s National Energy Secretariat has announced that 900 million barrels of oil have been detected at two basins in eastern Panama, representing a potential contribution to the Panamanian Treasury of $15 billion dollars over the next two decades at current oil prices. Panamanian Energy Secretary Juan Manuel Urriola said that the Venezuelan firm OTS conducted […]

EROEI as a Measure of Biofuel Effectiveness

Humanity has relied on biofuels since first mastering fire. Until the Industrial Revolution peat, wood, charcoal, whale oil, and plant oils represented the biofuels of choice. Fossil fuels began with coal. Fossil fuel crude oil and oil byproducts were a 19th century technical achievement. The automobile and internal combustion engine turned gasoline, formerly a discarded […]

Global Wind Power Potential

This paper is focused on a new methodology for the global assessment of wind power potential. Most of the previous works on the global assessment of the technological potential of wind power have used bottom-up methodologies (e.g. Archer and Jacobson, 2005, Capps and Zender, 2010, Lu et. al., 2009). Economic, ecological and other assessments have […]

Petrodollars: Brazil says yes to FPSO, but others aren’t following suit

When Brazil’s Petrobras installs the first permanent floating production, storage and offloading (FPSO) facility in the Gulf of Mexico later this year or early in 2012, the structure likely will stand as an isolated experiment for the region rather than the first peek at a breakthrough trend. Although several operators and the government have talked […]

G7 to seek ways to prop up global growth

Group of Seven financial leaders, worried about risks to global growth, are likely to agree this week to keep monetary policy accommodative, slow fiscal consolidation in countries where that is possible and implement structural reforms, a G7 source said. Finance ministers and central bank governors of the United States, Canada, Japan, Germany, France, Italy and […]

Kunstler: Perestroika

There’s a difference, of course, between what this country thinks it needs and what it’s going to get.  The world has a way of dragging you, kicking and screaming, to where it wants to take you. We think we need more American oil so we can “end our dependence on foreign oil.” Despite the PR […]

One of the top questions for our time: how will Peak Oil affect the economy?

Peak oil might hit sometime during the next five years.  How might this affect the world economy.  We we examine important dynamics about oil prices, some misunderstood by many writing about Peak Oil — from doomsters to cornucopians.  The bottom line:  we cannot reliably forecast what will happen.  Peak oil might have little effect — or crush the economy. […]

EU bans Syrian Oil; What`s about Others?

Agencies- After weeks of review, the European Union has decided to impose an oil embargo on Syria. The EU said it would impose a ban on the import of Syrian oil to the 27-nation bloc. EU Officials said the measure would affect Britain and France, the leading clients of Syria’s energy sector. “The prohibition concerns […]

India’s interests growing in African oil

Even though Sudan is the only African country where state-owned Indian companies have started extracting hydrocarbons, other countries in the continent are also showing promise, according to information available with India’s oil ministry. ONGC Videsh Ltd, the overseas arm of the state-run Oil and Natural Gas Corp (ONGC), has in the past three financial years […]

Robert Rapier: Reality Settling in at the White House

When Barack Obama was campaigning for president, I thought he displayed a “comic book” view of the energy industry: Lots of stereotypes of the good guys and the bad guys. He would support the good guys (those who aspired to produce renewable power) and deal with the bad guys (those who were actually supplying the […]

Peak Oil – Club of Rome

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.

Israel to simulate strike on nuclear facility

Security forces to hold ‘worse case scenario’ drill testing enemy strike on nuclear compound, lessons learned from Japan’s Fukushima disaster The defense establishment will hold a special emergency drill this week, simulating an enemy strike on Israel‘s nuclear facility. “Operation Fernando” will aim to test the defense establishment’s readiness for the worst case scenario – […]

WHERE’S OUR OIL PRICE COLLAPSE?

Make no mistake about it, without plentiful, cheap, and easy to access oil, the United States of America would descend into chaos and collapse. The fantasies painted by “green” energy dreamers only serve to divert the attention of the non critical thinking masses from the fact our sprawling suburban hyper technological society would come to a […]

Africa: Exploit natural gas to power economic growth

The Petroleum Institute of East Africa (PIEA), an industry think-tank, has asked Kenya to put more effort in prospecting for natural gas, saying this would set a broad energy base for realisation of the growth rates envisaged in the Vision 2030 blueprint. The institute argued in its latest bulletin that natural gas would be a […]

Are Minivan-Size Suns the Energy of the Future?

If you were God for a day, what kind of energy would you choose to power civilization? Looking at the planet God created, the choices currently being exploited seem few and largely unappealing. Oil, natural gas, coal: These provide an enormous amount of energy, but are terribly polluting and non-renewable: finite—here today, gone forever. Already […]

Lee shuts in more than half of Gulf oil and gas

Gulf of Mexico oil and gas companies have shut-in 60 percent of the region’s oil production and 54.6 percent of the natural gas output as Tropical Storm Lee churns over the Louisiana coast. Companies began moving non-essential workers to shore and shutting down production from offshore platforms early in the week in anticipation of the […]

Energy Risk Professional: A Humorous Look At Oil Driling, Refining, And Marketing Before Peak Oil

An amusing look at oil drilling from the early days. This was of course before the reality of peak oil had set in …

How the West Has Won

Peak Moment 200: “Is the world a better place because you were born?” asks author Derrick Jensen. He contrasts sustainable indigenous cultures, who enrich their habitat, with the current “dominant culture destroying everything.” He explores how industrial civilization is inherently violent, turning people into objects and the earth into stuff. His books include A Language […]

Abrupt Iran Decision To Move Nuclear Production Deep Underground Dubbed “Provocation” By US

It always seems that just when there is a lull in news of geopolitcal tension, we get an update that the Iranian situation gets that more unstable. After a nearly year long hiatus brought courtesy of allegedly Israeli supervirus Stuxnet taking out Iran’s entire nuclear infrastructure offline for many months, the topic of Iran’s nuclear […]

Obama Asks EPA to Pull Ozone Rule

President Barack Obama, citing the struggling economy, asked the Environmental Protection Agency on Friday to withdraw an air-quality rule that Republicans and business groups said would cost millions of jobs. The surprise move—coming on the same day as a dismal unemployment report—reflected the energy industry’s importance as a rare bright spot in adding U.S. jobs. […]

Russia’s Middle East ambitions

Embroiled with numerous social, economic, and political ills in the aftermath of the USSR’s demise, the Russian Federation was left with no option but to abstain from the Middle Eastern theatre. With the election of Vladimir Putin in 2000, however, this diplomatic passivism came to a gradual end as Russia sought to regain its prestige […]

Oil shocks in a global perspective: are they really that bad?

Using a comprehensive global dataset, we outline stylized facts characterizing relationships between crude oil prices and macroeconomic developments across the world. Approaching the data from several angles, we find that the impact of higher oil prices on oil-importing economies is generally small: a 25 percent increase in oil prices typically causes GDP to fall by […]

Dr Richard Pike (1950-2011) and Peak Oil

Dr Richard Pike, the CEO of the Royal Society of Chemistry has died of cancer. He was a forceful ambassador for British Science and represented the subject of chemistry and its importance in providing a means for the fabrication of new materials and solving environmental problems, especially providing clean water across the globe. He and […]

Reduced standard of living

We in the United States consume roughly 24 percent of the world’s natural resources while we represent less than 8 percent of the world’s population. We can do this because we are the richest society. Until recently our economy could afford to purchase these resources on the world market. Before the 21st century a majority of the […]

The Economy: Possible Scenarios for the Future 3

In Sacred Economy, Charles Eisenstein poses the seemingly outrageous idea that money should be sacred. In this he means that a good bit of the mess we’re currently in is because we have lost this sense of the sacred and the special – the connected and interdependent nature of transactions between people. Eisenstein advocates for […]

The Coming Global Water Crisis | Peak Water

Our planet is running out of usable, potable water. This could be a greater disaster than Peak Oil

U.S. Awash in Oil and Lies

With four times as many oil rigs pumping domestic oil today than eight years ago and declining domestic demand, the United States is awash in oil. In fact, the U.S. exports more oil than it imports, according to the U.S. Energy Information Administration – and has done so for nearly two decades. The country’s oil […]

Major Countries Burn Up Crude Reserves

It is something that peak oil advocates have been warning us for a long time; our world using up our last reserves of oil. While the day that the last drip of crude is burned up is a long ways out, some parts of the world may be heading for a major pinch in production. […]

The Urbal Fix 8 (Solutions B)

Thanks Tom Bliss The Urbal Institute … food city transition global warming peak oil steady state green space sustainability green … Please visit urbal.tv for an explanation.

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