The Looming Takeover Boom in Oil

Energy profits are booming and Big Oil shares look inexpensive. But investors with an appetite for risk might want to drill deeper into the sector to find smaller firms sitting on U.S. oil-shale riches — which make tempting takeover targets, analysts say. Large oil companies are riding a 25% fourth-quarter surge in Nymex crude prices. […]

Improving economy: More jobs, higher pump prices

As the U.S. economy recovers and adds more jobs, Americans are paying the price at the gas pump. The government said Friday that the nation’s unemployment rate dropped to 8.5 percent, the same day that gasoline prices hit an average of $3.35 a gallon, the highest ever for this time of year. Gasoline prices are […]

West readies oil stocks release as Iran plans war games

Iran announced on Friday new military exercises in the Strait of Hormuz, but the West has readied plans to use strategic oil stocks to replace almost all Gulf oil lost if Iran blocks the waterway, industry sources and diplomats told Reuters. They said senior executives of the International Energy Agency (IEA) discussed on Thursday an […]

Asian economies look to keep Iranian oil flowing

China, the biggest buyer of Iran’s oil, has publicly rejected U.S. sanctions aimed at Tehran’s energy industry while American allies Japan and South Korea are scrambling to find a compromise to keep critical supplies flowing. Beijing is buying less Iranian crude this month, but analysts say China is unlikely to support an oil embargo. Instead, […]

Like Wright brothers, Rossi ahead of his time

A test of Andrea Rossi’s 1-megawatt cold-fusion plant was successfully carried out by the engineers and scientists of his first customer at Bologna, Italy, on Oct. 28, 2011. It produced 470 kW of continuous heat for five and a half hours with no input of electricity beyond that required by the two small water-circulating pumps […]

Nigerians protest fuel price before planned strike

* Subsidy removal more than doubles fuel price * Court order seeks to restrain unions from striking * Government says it will save $6 bln this year * No major impact expected on oil exports from strike Nigerians angered by a government decision to remove fuel subsidies protested in the capital on Friday and unions […]

Oil will decline shortly after 2015, says former oil expert of International Energy Agency

Olivier Rech developed petroleum scenarios for the International Energy Agency over a three year period, up until 2009. This French economist now advises large investment funds on behalf of La Française AM, a Parisian assets management firm. His forecasts for future petroleum production are now much more pessimistic than those published by the IEA. He […]

Iran To Hold New “Massive” Naval Exercise Near Straits Of Hormuz, To Run Parallel With Joint US-Israel Wargame

The selloff in crude yesterday, provoked by this Reuters article stating that Iran is ready to resume nuclear talks with the West, is now well over and the accumulation has again resumed, following (not so) stunning news that merely days after its 10 day Straits of Hormuz military exercise ended, the country is already preparing […]

UK signals ready to use force to keep Strait open

Britain on Thursday signalled its readiness to use military force if necessary to keep the Strait of Hormuz open, warning Iran not to miscalculate over the West’s determination to prevent disruption to the key shipping route. Iran threatened last week to stop the flow of oil through the Strait of Hormuz if foreign sanctions were […]

EPA may retest PA. water near fracking

Federal regulators are considering retesting water supplies at a small town in Pennsylvania that residents say have been contaminated by natural gas drilling. Just a month after declaring water in Dimock safe, officials from the Environmental Protection Agency are taking another look after new evidence suggested that drinking water could be polluted worse than originally […]

Peak Oil, Student Video

short student film

Daniel Yergin on the future of energy

A perilous and crucial quest THE author and policy advisor on peak oil, shale gas and how climate change will impact where we get our energy from. The Economist

Details Emerge About Failures at Fukushima

Japan’s response to the crisis at the Fukushima-Daiichi nuclear power plant was flawed by poor communication and delays in releasing data on dangerous radiation leaks at the facility, a government-appointed investigative committee has found. A 507-page interim report released 12/26/11 attaches blame for the March 2011 nuclear accident and its consequences to Japan’s central government […]

EIA analysis: oil demand and stocks head in different directions

The long-standing belief that energy demand in the US could do nothing but rise inexorably continues to fade in the rear view mirror. It’s been replaced by week after week, month after month of various reports showing a decline in consumption. This week’s EIA weekly statistical report showed another drop in demand, and a concurrent […]

Edwin Black The Truth About Our Oil Addiction

In this hour long speech at Binghamton University author/journalist Edwin Black gives us an insight into the 65,000 year history of petroleum development. With a close look at the last hundred years with the growth and development of the oil monopoly. He gives the fascinating story about Henry Ford and Thomas Edison’s attempt to develop […]

Focusing On Our Future (Pt 1)

You cannot escape the responsibility of tomorrow by evading it today — Abraham Lincoln Let’s work to make this a very good year for us all…. Imagine, if you will, a nation of 300-plus million people … the vast majority of them good, honest, decent, and hard-working (when they have the opportunity, that is). Each […]

Obstacles Facing US Wind Energy

In the United States, we have been working on scaling up wind energy but not getting very far. In 2010, wind energy supplied only 2.3% of electricity purchased. Figure 1. Wind energy (dark green) is barely visible in a graph of US energy consumption by source. Based on EIA data. Such slow progress seems strange […]

The Rise of Tricycle Pushcarts

“Even in backward mining communities, as late as the sixteenth century more than half the recorded days were holidays; while for Europe as a whole, the total number of holidays, including Sunday, came to 189, a number even greater than those enjoyed by Imperial Rome. Nothing more clearly indicates a surplus of food and human […]

Carrying on the Legacy of Matt Simmons

Before his untimely passing in 2010, I knew of Matt Simmons, but only peripherally, as one of many prominent voices on Peak Oil issues.  Since becoming ASPO-USA’s executive director, however, I have been witness to the force of his legacy, and I have gotten to know Matt, indirectly, through the eyes of people who knew […]

Oil Prices: Moving to Red Alert

Peak oil is moving back fast as permitted dinner time talk – and even office time action on futures and options. And the reasons are multiple, well known, but heavily discounted until now. Through late 2011, many times, the IEA’s chief economist Fatih Birol has outlined how radically the IEA sees the oil price outlook. […]

Breakthrough Facility to Trap Solar Energy in Molten Salt

One of the greatest problems of large scale solar power facilities is that they do not produce electricity at night, and when they do produce power, it is constantly fluctuating with the sun’s strength. Under development in the deserts of Tonopah, Nevada is a new technology that will effectively store solar energy in the form […]

Five Rare Earths Crucial for Clean Energy Seen in Short Supply

Limited supplies of five rare-earth minerals pose a threat to increasing use of clean-energy technologies such as wind turbines and solar panels, a U.S. Energy Department report found. The substances — dysprosium, terbium, europium, neodymium and yttrium — face potential shortages until 2015, according to the report, which reiterates concerns identified in a report a […]

The Untouchables: News in Indian Country

The most censored issues five years ago remain the most censored issues today. The issues censored by Indian Country Today, 2004-2006, remain censored today by both the mainstream media and the national Native media. Those issues include Native Americans exposing the truth of US wars; the destruction of sacred lands; environmental genocide targeting Indian country; […]

Doug Casey Addresses Getting Out of Dodge

L: Doug, a lot of readers have been asking for guidance on how to know when it’s time to exit center stage and hunker down in some safe place. Few people want to hide from the world in a cabin in the woods while life goes on in the mainstream, but nobody wants to get […]

Iran’s Real Weapon Of Mass Destruction Is Oil Prices

Oil prices jumped 8% last week after Iranian Vice-President Mohamad Reza Rahimi threatened to close the Strait of Hormuz if the rest of the world slapped an embargo on his country’s oil exports. Today, Reuters reports the European Union will do just that, with its diplomats agreeing in principle to halt Iranian imports. There are […]

Oil industry chief warns Obama on Canada pipeline

The oil industry’s top lobbyist warned the Obama administration Wednesday to approve the Keystone XL oil pipeline or face “huge political consequences” in an election year. Jack Gerard, president of the American Petroleum Institute, said it would be a “huge mistake” for President Barack Obama to reject the 1,700-mile, Canada-to-Texas pipeline. Obama faces a Feb. […]

University of Alaska Professor predicts $5-plus gasoline

A University of Alaska Fairbanks professor told a Chamber of Commerce luncheon on Tuesday that he foresees a doubling of the price of oil — and the pump price of gasoline — in the next decade. Doug Reynolds, author of an upcoming book about global oil dependence, says demand will drive prices relentlessly up, reports […]

Should We Talk About Climate Change?

David Roberts, a blogger at Grist, is challenging what he says is an evolving consensus among American “climate hawks” who say there’s “nothing to be gained from talking about climate change”. These types, according to Roberts, argue that political effort aimed at climate mitigation needs to conceal itself inside debate focused on “innovation, energy security, […]

The Peak Oil Crisis: Closing Out the Year

The returns are in and we now know that world price of a barrel of oil averaged $111 in 2011. This was up 14 percent from last year and well above the previous high of $100 set in 2008. The average barrel of oil that we bought last year cost $15 more than the year […]

Profit from Peak Oil: Bob Moriarty

With resource stocks extraordinarily cheap, 321energy.com Founder Bob Moriarty calls them “an opportunity of a lifetime,” in this exclusive interview with The Energy Report. However, investors need to steer clear of the dangers of derivatives. Moriarty explains how the hypothecation hobgoblins associated with these instruments can sneak up on investors and zero out accounts in […]

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