Russia 2011 oil output at new post-Soviet record high

Oil output in Russia, the world’s top crude producer, reached a new post-Soviet high of 10.27 million barrels per day (bpd) last year, up from 10.15 million bpd in 2010, the Energy Ministry said on Monday. Natural gas production increased to 670.544 billion cubic metres (bcm) in 2011 from 650.311 bcm in 2010. Gas output […]

Kunstler: 2012 Forecast: Bang and Whimper

     There’s a lot to be nervous about, even if you don’t subscribe to the undercooked Mayan apocalypse lore moving through the gut of the Internet like a Staphylococcus-infected tamale. The casual observer might say that nothing seemed to give on the world scene in 2011 despite the Fukushima meltdown, the Arab Spring uproars, […]

Presenting NSSM 200: “Implications of Worldwide Population Growth For U.S. Security and Overseas Interests”

One of the topics touched upon by Eric deCarbonnel in the earlier article discussing the potential, if not necessarily probable absent further validation, implications of the Exchange Stabilization Fund, is that of the nature of AIDS. Which got us thinking. While we won’t necessarily go into the implications proposed by none other than Chuck Palahniuk […]

Andrew McKillop: There Will Be Oil – Versus – Peak Oil Now

Claiming there is an oil limit on the economy and why peak oil is inevitable is usually talked down by saying its an unsure theory at best, and controversial, fear mongering or defeatist at worst. The totally simple numbers which prove it are however not Einstein-type mathematics and are not impossible to understand – – […]

Energy Prices Predictions for 2012

The oil price has rarely fallen below $100 a barrel since the Arab Spring threatened supplies at the start of 2011. Libya is now nearly back at full-scale production post-war, which some suggest could increase global supply and theoretically lead to price falls. But other analysts believe other Opec powers such as Saudi Arabia will reduce their […]

Some Thoughts on Current and Perceived Oil and Natural Gas Supply

For most of this past year these posts have reviewed, and then discussed data on the state of different reservoirs of oil and gas that ultimately provide the power that we need and use every day. However, as we come to the end of 2011, it seems as though there is a gloss, or spin, […]

U.S. steps up sanctions as Iran floats nuclear talks

U.S. President Barack Obama signed new sanctions against Iran into law on Saturday, shortly after Iran signalled it was ready for fresh talks with the West on its nuclear programme and said it had delayed long-range missile tests in the Gulf. Tensions between Iran and the West have grown since EU leaders said they wanted […]

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