UK: Use nuclear waste after Peak Uranium

Global supplies of uranium will begin to run out in 2023 when UK will rely on domestic nuclear supply, predicts Sir David King It will be impossible for the UK to meet its long-term carbon reduction target without reusing the nation’s stockpile of plutonium, the former government chief scientist has warned. He predicts that global […]

1970: The Peak of Everything

Forget “peak oil” for a moment. At least in terms of the United States, if not elsewhere, the decline of the good times began around 1970. From a broader perspective, that was the really big “peak.” Around that period, “it was the best of times, it was the worst of times,” as Dickens might say. […]

Yergin: What’s Behind Rising Gas Prices?

As in the 2008 presidential election—remember the chants of “Drill, baby, drill!”—rising oil and gasoline prices have become an issue in 2012. But election-year politics aside, the forces driving up prices at the pump are very different today than they were four years ago. In 2008, it was primarily the surge in oil consumption in […]

The sinking of the E-Cat

It was Captain Kirk of the starship “Enterprise” who said that it is not a good idea to put oneself in a no-win situation. Good advice that was not taken by Mr. Andrea Rossi, inventor of the “E-Cat,” the cold fusion device that he claimed to be able to solve the world’s energy problems. After […]

Jeffrey Sachs: Population Controller?

In a March 1 op-ed in the Washington Post Columbia economist Jeffrey Sachs made his pitch to be the next president of the World Bank promising to “lead the bank into a new era of problem-solving.” John Cavanaugh and Robin Broad have laid out a raft of righteous concerns about Sachs’s candidacy. The “solutions” Sachs […]

Tapping oil from the SPR may be trickier than ever

The U.S. Strategic Petroleum Reserve isn’t quite as strategic as it used to be. As President Barack Obama moves closer to an unprecedented second release of the U.S. emergency oil stockpile in a bid to bring down near-record fuel prices, experts say dramatic logistical upheavals in the U.S. oil market over the past year may […]

Iran cut off from global financial system

Dozens of Iranian banks were blocked from doing business with much of the world as the West tightens the financial screws on a country it wants to prevent from developing nuclear weapons. The Belgium-based company that facilitates most international bank transfers on Thursday took the unprecedented step of blocking 30 Iranian banks from using its […]

China Enters Era Of Slow Economic, Population Growth

As he prepares to leave office, Premier Wen Jiabao has a surprising message for the Communist Party: Get ready for democracy, or face trouble. Has the China Spring begun? The media are filled with tales of how China will soon pass the U.S. as the world’s No. 1 economy. In fact, the nation of 1.3 […]

Goldman Sachs Op-Ed, Strategic Oil Reserve

U.S. Representative Peter Welch, a Vermont Democrat, talks about the New York Times op-ed by former Goldman Sachs Group Inc. executive Greg Smith criticizing the company’s culture. Welch, speaking with Peter Cook on Bloomberg Television’s “Bottom Line,” also discusses his call for President Barack Obama to tap the nation’s Strategic Petroleum Reserve.

Peak Oil: The Race for What’s Left

Michael T. Klare, one of the great resource writers, outlines the “death wish” we are involved in, as we mine and drill the planet in a desperate attempt to maintain our unsustainable lifestyles. It’s more than possible that we will change the planet beyond recognition, in even attempting to do so. Read Michael’s full article […]

The $10-Per-Gallon Gas Has Arrived, In Paris

In early December, Christophe de Margerie, CEO of Total, the Exxon à la Française, shocked the French when he said that there was “no doubt” that a liter of gasoline would reach €2 and that the only question was when. He cited the calamities in the news at the time to justify the skyrocketing prices […]

Up to half of world’s food goes to waste

Experts gathering this week at the Reuters Food and Agriculture Summitin Chicago said an estimated 30 to 50 percent of the food produced globally goes to waste. Reuters reports that on average, Americans throw away about 33 pounds of food each month which adds up to $396 in lost groceries a year, according to the […]

U.S., Britan set to agree emergency oil stocks release

Britain has decided to cooperate with the United States on a release of strategic oil stocks that is expected within months, two British sources said, in a bid to prevent fuel prices choking economic growth in a U.S. election year. A formal request from the United States to the UK to join forces in a […]

A New Global Economic & Energy Narrative

Internet technology and renewable energies are merging to create a powerful new infrastructure. Jeremy Rifkin explains how the five pillars of a third energy-communications revolution will create the foundations for the next great wave of economic growth * Our industrial civilization is at a crossroads. Oil and the other fossil fuel energies that make up […]

The federal government’s clunky imposition of the Renewable Fuel Standard

With US gasoline prices averaging nearly $4 per gallon, not many Americans would sympathize with what it has come to know as “Big Oil” industry when it complains about the regulatory mandates that it faces from Congress and the Obama administration. This includes the industry’s longstanding grievances about the government’s Renewable Fuel Standard, which requires refiners […]

Are We Running Out Of Water?

Early in 2001, the Rio Grande River failed to reach the Gulf of Mexico for the first time. With that nefarious event the Rio Grande joined a growing list of once-mighty rivers that are running dry from overuse:  the Colorado River in the U.S., the Yaqui in Mexico, the Indus in Pakistan, the Ganges in Bangladesh, […]

Peak oil is real and will stunt any economic recovery

During the last century, society squandered 500 million years of captured sunlight on drag races, traffic jams, private jets and overheated office buildings – warns campaign group Oil company cheerleaders proclaiming huge supplies of oil are dead wrong. Peak oil is as real as rain, and it is here now. Not 2050. Not 2020. Now. […]

Peak Oil Denial: Looking Left and Right

The human understanding when it has once adopted an opinion draws all things else to support and agree with it. And though there be a greater number and weight of instances to be found on the other side, yet these it either neglects and despises, or else-by some distinction sets aside and rejects, in order […]

Global Fuel Supply Flattening?

This is interesting.  In the OPEC MOMR released a few days ago, they have sharply revised down the level of liquid fuel supply for the past few months (by the best part of 1mbd).  That in turn has given a shape to the average production curve (above) of flattening off in recent months (after the […]

Oil Truth Part 2: The Keystone XL Pipeline

This video shows how propaganda streams through our political system and our media with no difference between commercials on TV from financially interested parties and political speeches. Most of the Oil Truth series could likely also be Media Fail because it is clear that the media is not interested in bringing forth the proper analysis […]

Dick Smith Campaigns Against Population Growth

Dick Smith warns future Australians could face the threat of starvation if the country does not curb its population growth.

The Peak Oil Crisis: Surging Gasoline

With the EU’s debt crisis and the Iranian confrontation relatively quiescent, attention has turned to the incessant increase in U.S. gasoline prices. The Capitol Hill gas station, where at least some members of Congress fill up, is currently selling regular for $4.49 a gallon. If you prefer to do business at the Watergate Exxon it […]

Is Coal India Selling Coal at a 70 per cent discount?

The Children’s Investment Fund sounds like the cuddliest toy in the nursery. As executives at Japan Tobacco and railroad company CSX will testify, however, it is a tireless activist investor. Always alert to any danger to its interests as a minority investor, TCI is now focusing on Coal India . It has threatened the company’s […]

Chevron CEO sees pricey oil destroying demand

Chevron Corp Chief Executive John Watson sees demand for oil being destroyed in the United States as a result of higher gasoline prices and an underperforming U.S. economy. “We’re seeing that right now,” he said. “If you look at the peak in U.S. oil consumption it was about 21 million barrels a day as little […]

Latest US Drought Map

A couple of months back, I promised to start posting the US PDSI drought map once a month or so.  Obviously, that has gotten off to a slow start!  However, here is the map for the week of March 10th.  The good news is that Texas is coming out of the dreadful drought of 2011. […]

How to Solve The Oil Dilemma

Robert Bryce talks about the necessity to find a way to solve the oil dilemma. He talks about the importance of price in this solving this dilemma. Also in this video he talks about what the governmental involvement. Well, price matters. We see that today, consumers are buying and they are not buying. The trend […]

Shale Gas: From Geologic Bubble to Economic Bubble

Fracking for natural gas is on Coloradans’ minds. From landholders to policy makers, it’s a pig pile of attention on the environmental effects, which are bad enough when real — roads ruined by heavy trucks carting waste water, and waste water voided from the hydrologic cycle when stored in disposal wells, seeps from faulty linings […]

U.S. Has 60 Times More Oil Than Obama Claims

When he was running for the Oval Office four years ago amid $4-a-gallon gasoline prices, then-Sen. Barack Obama dismissed the idea of expanded oil production as a way to relieve the pain at the pump. “Even if you opened up every square inch of our land and our coasts to drilling,” he said. “America still […]

U.S. Said to Have Received Saudi Assurances on Ample Oil Supply

The U.S. has received assurances from Saudi Arabia, the United Arab Emirates and Kuwait that they would raise oil production to help offset the effect of economic sanctions on Iranian exports, according to participants in discussions between the U.S. and oil-producing countries. While there have been no formal requests, negotiations or agreements for increased output, […]

IEA downgrades non-OPEC oil supply forecast for 2012

Oil supply from non-OPEC countries will grow less than expected in the first quarter this year, the International Energy Agency (IEA) said on Wednesday, leaving its global oil demand growth forecast unchanged. The agency, which advises industrialised nations on energy policy, said non-OPEC oil production will rise by 300,000 barrels per day (bpd) In the […]

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