China poised to become world’s largest LNG importer

China became a price setter on the iron ore market within the last 3 years, and China could become a future price setter for natural gas, Edward L. Morse, managing director of commodities research at Citigroup Global Markets Inc., told an energy conference at Rice University’s Baker Institute. “China has risen to being a big […]

Green energy push ‘flawed’ claims Adam Smith Institute

Renewable energy cannot meet the UK’s energy needs, according to a report from the Adam Smith Institute. The pro-free market think tank argues solar and wind power schemes have no prospect of becoming economically viable in an “unrigged” market. It also claims government policies to promote renewable energy will lead to higher costs for consumers. […]

China Nov implied oil demand 2nd highest on record

China’s implied oil demand in November increased to the second highest in history, as refineries in the world’s second-largest oil consuming country ramped up production to record high levels to ease domestic diesel shortages. Implied oil demand, a combination of crude runs and net oil product imports, rose 1.7 percent from a year earlier to […]

S. Sudan exploring new oil pipeline routes in East Africa

South Sudan on Sunday said it is exploring new alternative routes for oil export in East Africa due to the difficulties in continuing to use the port in neighbouring Sudan. “We are still open to negotiating with Sudan but we are also exploring ways to construct a new pipeline to one of the East Africa […]

IEA economist cheers Saudi oil output rise

The International Energy Agency (IEA) said a boost in Saudi oil output would provide welcome relief from the threat that high fuel prices pose to efforts to revive the global economy. The Paris-based IEA, which advises industrialised countries on energy issues, has warned that Brent prices over $100 a barrel are a threat to the […]

Uranium supply shortage possible, Cameco says

Cameco Corp., the world’s largest uranium producer, said some investors underestimate the potential for supply shortfalls to spur higher prices for the nuclear fuel. Disruptions in mine production, the difficulty faced by development companies in raising funds for new mining projects, and the end of a Russian deal to supply uranium from scrapped atomic warheads […]

Agreement for New Global Treaty To Reduce Emissions

The world is increasingly committed to dangerous levels of global warming with yet another failure by nations of the world to agree to needed reductions in carbon emissions here in Durban. However, as the 17th Conference of Parties ended early Sunday morning, members did agree to talk about a new global treaty to reduce emissions. […]

Iran Wants OPEC to Adjust Output for Increased Libya, Iraq Oil

Iran’s Oil Minister Rostam Qasemi said some OPEC members should curtail output to accommodate the return of Libyan crude to markets and an increase in Iraqi production, the state-run Mehr news agency reported. Iran will suggest at the planned Dec. 14 meeting of the Organization of Petroleum Exporting Countries that members of the group that […]

Kurt Cobb: Deconstructing “ethical oil”

When I stumbled across the site EthicalOil.org recently, I thought there was a small chance that it was a parody. And, it turns out that the site reads like a parody in some places even though I am certain that the owners are dead serious. You see, the site is a defense of the Canadian […]

List of Oil Megaprojects as a Google Spreadsheet

I’ve started a spreadsheet copy of the Wikipedia oil megaprojects database. All the original data has been transferred (see below the fold) except for links that I may add in the coming days. I think a Google spreadsheet is much more appropriate than Wikipedia tables for manipulating data and exports in various formats. If anyone […]

Dr. Kontorovich, Russian Academy of Science, Peak Oil in “in 2020 and not later than 2030”

When one examines the programme for the World Petroleum Congress in Qatar, December 5-7, one can see that there are seven plenary sessions and the last of these has the theme “Peak Oil: Ahead of Us or Behind Us?”. The managing director of the French oil company Total, Christophe de Margarie, is the main speaker […]

Has the world reached economic peak oil?

Whisper it. Oil production in the US is increasing. The country where output peaked in 1970 and then shrank by 40 per cent over four decades, has turned some kind of corner. Between 2008 and 2010, production rebounded by 800,000 barrels per day to 7.5 million barrels per day, and analysts forecast more growth to […]

From King Coal to King Gas

If the bible for energy policy wonks is the International Energy Agency’s annual World Energy Outlook, industry executives have ExxonMobil’s The Outlook for Energy. The 2012 edition of Exxon’s long-term report, released on Thursday, offers an insight into one of the talking points in Big Oil’s boardrooms: the golden age of natural gas. The increasing […]

Who Killed Economic Growth

Richard Heinberg propose a startling diagnosis: humanity has reached a fundamental turning point in its economic history. The expansionary trajectory of industrial civilization is colliding with non-negotiable natural limits. ** Please understand that we fit all we could into a five minute video. Yes, there are many issues and nuances left out. You’ll find most […]

Protests Swell Across Russia

Tens of thousands took to the streets in cities across Russia on Saturday to protest alleged vote-rigging in what observers said were the largest antigovernment demonstrations in at least a decade. The huge display of popular anger raised the pressure on the Kremlin, which has so far dismissed the postelection discontent as instigated by the […]

EPA links natural gas fracking to contamination of water supply aquifer

The U.S. Environmental Protection Agency (EPA) has released a preliminary report linking chemicals found in a Wyoming drinking water aquifer to hydraulic fracturing of natural gas wells in the area. The EPA first began an investigation in 2008 after people in a small community near Pavillion, WY contacted the agency reporting changes in the smell […]

World’s nuclear power generation capacity falls

Despite a record rise in global nuclear power capacity to 375.5GW in 2010, the past year has seen the figure drop back to 366.5GW as production costs have increased, power demand slowed and Fukushima remained in people’s minds, according to the Worldwatch Institute’s Vital Signs Online (VSO) report. Much of the decline in capacity is […]

Long-term energy boom beginning

In 1956, M. King Hubbert established the first scientific model behind peak oil to accurately predict the height of U.S. oil production. Hubbert, a well-known geologist, theorized that oil production would peak between 1965 and 1970. In 1971, oil production did indeed peak. And, for the last fifty years, Hubbert’s theory has held true as […]

Saudi Warning Could Escalate Nuclear Arms Race

The world’s nuclear powers – both declared and undeclared – have come primarily from Asia: China, India, Pakistan and possibly North Korea. The Middle East was dominated by a single nuclear power – Israel, which has refused to publicly declare its status. But that domination has been threatened by Iran, which the Western powers say […]

A bleak look at America’s future

Is American power in decline, relative to the rest of the world? That question is at the center of a provocative study by the U.S. intelligence community exploring what the world might look like in 2030. The answer, judging by comments from a panel convened to discuss the topic, is that America faces serious trouble: […]

Peak Oil – Reality Checks From The Desert

aljazeera 2010 informative report on energy

Could War Flare Again Between Iraq and Kuwait?

According to Iraqi Council of Representatives Oil and Energy Committee member Furat al-Sharei, the 10 oil fields that spread across the Iraqi-Kuwaiti frontier are still waiting to have a line drawn through them to delineate the border, more than eight years after a coalition led by U.S. forces toppled the regime of Iraqi President Saddam […]

You are going to Jail

This Week: 1. Pepper pig 2. UK Gang Truce 3. Puckupy Vancouver 4. Toxic Poop Soup Stoppers 5. No Tar Sands Oil through BC 6. Egypt’s Pipeline Saboteurs 7. Canadian Resistance Court Wrap Ups 8. Many Chao 9. You are going to Jail, a security culture primer

Geologic Resources Supply – Demand Model (GeRS-DeMo)

Last year I placed a summary of my PhD thesis on The Oil Drum. The thesis described a new model that projects fossil fuel (coal, conventional oil, unconventional oil, conventional gas, and unconventional gas) for all countries to determine the world’s fossil fuel supply and demand. At the time I did not make the model […]

Running Out of Oil

from outofoilvideo.com

Rare earth metals scarcity: A ‘ticking timebomb’?

Seven core manufacturing industries could be seriously affected by a shortage of minerals and metals, which could disrupt entire supply chains and economies, according to new PwC research. PwC surveyed some of the largest manufacturing businesses across manufacturing, chemicals, automotive, energy/renewable energy, aviation, metals, infrastructure and high-tech hardware to see what impact such a scarcity […]

Sudan’s parliament authorizes confiscation of oil exports

The Sudanese national assembly on Thursday approved an amendment to article (5) of the law governing the oil transit fees which now authorizes the finance ministry to seize crude exports as a form of payment if necessary. The amended law appears directed at the landlocked South Sudan which is in disagreement with Sudan over the […]

Here’s The Only Food Pyramid That Matters In A Peak Oil Future

Food crises will become more common over the next century, according to a new report from the UN Food and Agriculture Organization. It’s easy to see why. The report cites predictions that global food demand will increase 50% by 2030. Meanwhile global demand for energy and water will increase 40%. As you may remember from […]

When oil disruptions lead to crises: Learning from the Arab oil embargoes 1967 and 1973-74

What is oil dependence and how can it lead to energy crises? What lessons can be learned from history to tackle new energy crisis? And why do some oil disruptions lead to crisis while other do not? This article looks at the Arab Oil Embargo of 1967 and the Arab Oil Embargo of 1973-74 and […]

Peak oil and the future of growth

This energy predicament is namely that the quantity of oil as well as the quality of oil are in decline. He shows that oil discoveries peaked in 1964 and oil production peaked 40 years later. Martenson also shows how our return on invested energy is rapidly declining — the “cheap and easy” oil fields have […]

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