EIA Responds to ASPO-USA’s Letter to Energy Secretary

In October 2011, ASPO-USA conducted a news conferencein front of the U.S. Department of Energy (DOE) headquarters in Washington D.C. to express deep concerns about the reliability of projections for future oil and gas supplies by DOE and the Energy Information Administration. Representatives of ASPO-USA presented a letter to DOE Secretary Steven Chu which outlines […]

The Price of Oil: Saudi Hypocrisy, Our Gullibility

One is compelled to pull out that old chestnut, “There he goes again.” The face of Saudi oil, and de facto senior voice of the OPEC cartel, Saudi Oil Minister Ali Naimi entertained us to one of his seminal dissertations, expounding on Saudi Arabia’s concerns for the well being of all mankind. Stating the case […]

UGANDA OIL: US Africa Command, a tool to Recolonize the African Continent

The USA Africa Command, which America calls ‘Africom’, is a military structure of the Defence Department of America. Africom was formed in 2007 during President George W Bush’s second term of office. That was two months after America had bombed a small African country, Somalia, destabilising it to the ashes it is today and to […]

Mobilizing society in the face of peak oil

After more than a century of ever increasing production and consumption of oil, the Earth is being depleted, and the concept of “peak oil”, hitherto ignored, has become a pressing reality. This strain is already becoming evident through the use of extraction methods that require ever greater amounts of energy, resources and investment. The fact […]

Niall Ferguson: Empires on the Edge of Chaos

Throughout history the rise and fall of empires isn’t slow or cyclical, as we like to think, but arrhythmic…it mostly happens very, very suddenly. America is a superpower on the edge of chaos, according to economic historian and author Niall Ferguson. U.S. debt levels, he says, and its unwillingness to address the problem, has put […]

Uruguay May Barter Rice for Crude Oil With Iran

Uruguay has offered to export rice to Iran in exchange for crude oil amid sanctions against the Persian Gulf country which limit financial transactions, Fars reported, citing Uruguay’s Agriculture Minister Tabare Aguerre. Iran, one of the largest consumers of Uruguayan rice, imported about 90,000 tons of the commodity in 2011, the state- run news agency […]

Experience with Energy Storage Technology Is The Key to Promoting Innovation

This past week, Lux Research released a report on its outlook for lithium-ion batteries and the prospects for cost reduction.  Lux noted that the electric vehicle market has been slow to develop and that the key to its more rapid evolution is, as always, reducing the price of lithium-ion batteries.  The report suggests, however, that […]

Radiation Inside Fukushima Reactor So High That New Machines Must Be Designed to Monitor It

Via: Washington Post: One of Japan’s crippled nuclear reactors still has fatally high radiation levels and hardly any water to cool it, according to an internal examination Tuesday that renews doubts about the plant’s stability. A tool equipped with a tiny video camera, a thermometer, a dosimeter and a water gauge was used to assess […]

A review of the Citigroup Prediction on US Energy

Gasoline prices remain high, and Reuters recently noted that there are enough countries with civil unrest, technical problems, and bad weather with around a million barrels a day of possible supply that are not getting to the market. Yet with Saudi Arabia continuing to reassure that it is willing to pump more oil if needed, […]

Peak Oil Evasion Tactics Scraping The Barrel

Probably well-intentioned but always ineffective oil saving plans, schemes and notions are reaching the limit of their low effectiveness, a rising number of indicators suggest. In a week where newswires tell the story of French election-oriented attempts by the outgoing Sarkozy government to persuade the IEA’s main powerbrokers to release oil stocks, and shave a […]

Peak oil doomsayers ignore human ingenuity

Oil is running out and it won’t be affordable for much longer, advocates of “peak oil” theory argue. But with new technology revolutionising the way energy is generated, are fears of an unaffordable energy crunch now being overplayed? The theory behind peak oil was described by American Marion King Hubbert, a former geophysicist with Shell […]

Waking Up to the End of the World as We Know It

Damn, just when we were just starting to have fun we find out our version of the world won’t exist for our kids. Don’t take my word. That’s what four MIT researchers wrote in a presentation to the Club of Rome in 1972. It was later published as a book, The Limits of Growth. What […]

True sustainability solutions

We live in a world with very limited solutions to our sustainability problems. I often hear the view, “If we would just get off fossil fuels, then our society would be sustainable.” Or, “If the price of oil would just go high enough, then renewables would become economic, and our economy would be sustainable.” Unfortunately, […]

Iraq’s March Crude Exports Rise to 2.317 Million Barrels a Day

Iraq’s crude oil exports and revenue rose in March to their highest levels in the nine years since the U.S.-led invasion that toppled former President Saddam Hussein, the head of the State Oil Marketing Organization said. Exports of crude averaged 2.32 million barrels a day, generating monthly sales of $8.4 billion, Falah al-Amri said today […]

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