Will an oil-driven misery index defeat a U.S. president?

What U.S. presidents seeking re-election fear most is the wrath of a rising misery index. And nothing brings more misery to the world’s largest oil consuming economy than high oil prices. During the 1960s, Arthur Okun, an American economist, created the idea of a “misery index” to measure economic hardship. It was simply the sum […]

ASPO-USA : DOE Oil & Gas Forecasts Are Dangerously Misleading

A group of distinguished energy experts representing academia, industry, think tanks, and non-profit organizations will meet Wednesday, October 26, 2011 at 10:30 am in front of the U.S. Department of Energy (DOE) to call for “Truth in Energy”regarding the possibility of a near-term oil crisis and long-term oil shortages.  Following the news conference, the group will deliver a letter […]

China oil demand analysis: higher, yet slower

Year-on-year, Chinese oil demand continues to rise. But that annual comparison continues to decline just a little bit each month. September was no different. You can read about Platts’ analysis of the data here.

Exxon Mobil: Finds O&G Offshore Vietnam

U.S. oil giant Exxon Mobil said Tuesday it found oil and gas off Vietnam’s central coast, raising hopes the South Asian nation will be able to reverse a decline in fossil fuel production and exports. Exxon Mobil, the world’s largest publicly-traded oil company by market value, said it drilled its second exploratory well offshore Danang […]

Saudi heir buried amid succession questions

King Abdullah among mourners at crown prince’s funeral as focus shifts to who ailing monarch will name as his successor. The funeral of Sultan bin Abdulaziz Al Saud, Saudi Arabia’s crown prince, has taken place in Riyadh, touching off what is likely to be the first of several major changes in the country’s line of […]

Chris Martenson: Oil and the economy

By itself, the concept of having to get by on just a little bit less oil each year seems to be manageable enough. Some think that a steadily, or even sharply, rising price will merely reduce demand and promote exploration and that everything will more or less normally work itself out through well understood market […]

John Bolton Admits All Of These Wars Are For Oil

Straight from the horse`s mouth

2012: Reaching “Limits to Growth”?

It looks to me as though 2012 is likely to be a truly awful financial year, with several crises converging: Either very high oil prices or recession, The US governmental debt limit crisis, The Euro crisis, The Chinese debt problem, Debt deleveraging in the US and elsewhere, Further MENA (Middle East/North Africa) political problems, and […]

Re-Visiting The Export Land Model (Pt 2)

This is a follow-up to my (only slightly) tongue-in-cheek post from last week regarding the Export Land Model [ELM) designed by petroleum geologist Jeffrey Brown and Dr. Samuel Foucher, a subject I first broached here. Yet over and over again — on the radio, on TV, in print, in the blogosphere, and all over Washington […]

Are We Running Out Of Resources?

A few facts from Steve Horwitz, PhD St. Lawrence University

Toyota’s Jim Lentz Predicts Peak Oil by 2020

The Future of the Auto Industry with Toyota’s James Lentz

World population will more than double to 15billion by 2100, says UN

Experts say urgent action is needed to curb growth and save the planet’s resources Improved healthcare and longer lifespans are contributing to the increase The population of the world is expected to more than double, growing from 7billion to 15billon by 2100, according to the United Nations. The figure has shocked experts who say the […]

Can the World Handle 7 Billion People?

By October 31, the world’s 7 billionth person will be born, according tonew projections from the United Nations Population Fund. That means it will have only taken 12 years for the world to have added a billion people – in 1999, the six billion mark was passed. The numbers provided by the U.N. are disputed by some […]

US approves new BP exploration plan

BP plan to drill up to four new wells is the first to be approved since the Gulf of Mexico disaster in 2010. US regulators have approved BP’s new exploration plan, moving the company closer to drilling new wells in the lucrative deep waters of the Gulf of Mexico a year and a half after the biggest offshore oil […]

Stuart Staniford : The Peredvizhniki

I have been in Stockholm for a business trip the last couple of days (hence no blogging). This afternoon I visited the Swedish National Museum which is having an exhibition on the Peredvizhniki – a society of Russian painters which formed in reaction to the conservative tastes of the St Petersburg Imperial Academy of Art […]

Libya’s path to oil riches remains treacherous

Enormous oil wealth lies thousands of feet below Libya, but whether it will be claimed, and by whom, now that Moammar Gadhafi is gone is very much an open question. Drilling and shipping equipment has been damaged in the Libyan civil war, land mines must be cleared around oil fields, and a legal framework for […]

A Big Week in Clean Energy for Massachusetts

In case you hadn’t noticed, the clean energy community in Massachusetts is having a great week. The Bay State is widely recognized as a national clean energy leader and three items this week underscore why that is. While each of these got some news here and there, it’s worth pulling all three together to demonstrate the state’s […]

Saudi Arabia’s Sultan, Heir to Throne of Main World Oil Supplier, Has Died

Crown Prince Sultan bin Abdulaziz Al Saud, Saudi Arabia’s deputy prime minister and minister of defense and aviation, has died. He was born in Riyadh in 1928, according to the Saudi embassy in Washington, and was heir apparent to the throne. State television in Saudi Arabia, which holds the world’s largest oil reserves, announced the […]

Debunking 4 oil industry myths

Think high oil prices are good for global warming? Think we have reached peak oil, and Opec will have us over a barrel for ever? The U.K.-based Central For Global Energy Studies aims to dispel a few oil industry myths that many industry experts seem to take for granted: Myth No. 1: Oil Isn’t Renewable […]

Alberta Oil Sands, By any Name.. By Any Standard

…. Or Some Notions, Perceptions, and Misinformation (NPMs) vs. Facts About the Alberta Oil Sands Mention “Alberta oil sands” and you would probably evoke in most hearers’ or readers’ minds a negative image, maybe even a sinister one. We may attribute this phenomenon to the proliferation of highly critical media coverage of the oil sands. Such media […]

The Mass Extinction Of The Human Species

Hitler’s corporatist regime made the Big Lie popular, but it has been used by every regime of the human culture called “civilization” since it began eight thousand years ago. After several million years of success the human species became entrapped in the mental confines of the Culture of Empire. That culture, characterized by agriculture, emperors, […]

The Club of Rome is back

Yes, the Club of Rome is back. Actually, it had never gone away, but the demonization campaign that had been unleashed against its 1972 report, “The Limits to Growth,” had largely convinced the public that the Club’s approach to the world’s problems had been based on a “wrong” model. Instead, it turned out that the model was […]

The Peak Oil Squeeze

      It’s easy to watch the big fish panic. It can even be enjoyable.   We have front-row seats to their race against Peak Oil, so we might as well sit back and let them put money in our pockets…   Because that’s precisely what they’re doing.   In the past week alone, […]

Qaddafi Dies From Battle Wounds After Capture

Muammar Qaddafi, whose rule lasted 42 years, died from battle wounds after being captured in his hometown of Sirte, ending a search for the deposed leader that began when he fled Tripoli in August, Libyan officials said. “Years of tyranny and dictatorship have now been closed,” Abdel Hafiz Ghoga, National Transitional Council vice chairman, told […]

Peak Oil and the Great Recession

Jim Hamilton, an economist at UC San Diego who has done extensive work on the economics of oil spikes, has just published a summary of the current state of oil macroeconomics called“Oil Prices, Exhaustible Resources, and Economic Growth.” His conclusion: “The historical record surely dictates that we take seriously the possibility that the world could soon […]

No Peak Oil to Yergin Who Sees Years of Rising Supplies

Toward the end of “The Quest,” his sprawling book on energy, Daniel Yergin introduces an obscure 19th-century character named Sadi Carnot. The son of one of Napoleon’s ministers of war, Carnot was convinced that an important reason for Britain’s victory over Napoleon was “its mastery of energy, specifically the steam engine.” In 1824 he published […]

Ignore the sceptics, the ‘peak oil brigade’ is right

Peak oil sceptics argue the real problem for climate change and our planet may be too much fossil fuel, not too little. Lionel Badal explains why he disagrees In a recent article, Dieter Helm, Professor of energy policy at the University of Oxford, argued that ‘the peak oil brigade’ was ‘leading us into bad policymaking […]

U.S. hunger problems worse than China

What happened to the once robust America, what about the world-famous ‘American Dream’, in which the USA once promised the possibility of prosperity and success for both its citizens and immigrants from around the world? The Obama administration should explain such failures to the American public. Hit by the global recession 2008-2009 and now the […]

Global Europe Anticipation Bulletin: Decimation Of The Western Banks

As anticipated by LEAP/E2020, the second half of 2011 is seeing the world continuing its unstoppable descent into global geopolitical dislocation characterized by the convergence of monetary, financial, economic, social, political and strategic crises. After 2010 and early 2011 which has seen the myth of a recovery and exit from the crisis shattered, it’s now […]

Kidding ourselves about future MENA oil production

Recently, the International Energy Agency’s Chief Economist Fatih Birol was quoted as saying, In the next 10 years, more than 90% of the growth in global oil production needs to come from MENA [Middle East and North African] countries. There are major risks if this investment doesn’t come in a timely manner. While I agree that […]

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