OPEC output: another jump as the oil group gets ready to meet

OPEC is meeting in Vienna next week, and suddenly, it might have to talk about too much oil on world markets. That wasn’t the case a few months ago, and the agenda has shifted. Here’s another way to look at the numbers OPEC faces. The Platts estimate of OPEC output for May is 31.75 million […]

Michael Meacher MP – 9/11, The PNAC & Peak Oil

Michael Meacher MP – 9/11, The PNAC & Peak Oil

US Air Travel Plateau

Yesterday, I had a bad air-travel day (one of several lately on work trips) which led me to wonder about all the peak-oil related predictions of the demise of air travel.  The above shows the data for total US domestic passenger revenue-miles.  The obvious features seem to be: Strong growth in the 1990s A sharp […]

Japan PM says 2 nuke reactors must be restarted

Japan’s leader appealed to the nation Friday to accept that two nuclear reactors that remained shuttered after the Fukushima disaster must be restarted to protect the economy and people’s livelihoods. Prime Minister Yoshihiko Noda said the government has taken ample safety measures to ensure the two reactors in western Japan would not leak radiation if […]

We worry about energy, but feel powerless to act

Americans are worried about the nation’s energy problems and take some personal responsibility for them, but they don’t necessarily feel like they have the ability to make major changes soon to address them. That’s according to a new survey from the Associated Press-NORC Center for Public Affairs Research, which was conducted earlier this year and […]

China to Stoke Nuclear Power

China National Nuclear Power Co. said it is planning a Shanghai initial public offering that will go toward financing part of five power projects worth 173.5 billion yuan ($27.2 billion), in a multibillion-dollar deal that signals that the country’s ramp-up of nuclear power is moving forward. The state-owned nuclear-power operator didn’t give any other details […]

Renewable energy costs falling

Power from renewable energy sources is getting cheaper every year, according to a study released Wednesday, challenging long-standing myths that clean energy technology is too expensive to adopt. According to the study by the Abu Dhabi-based International Renewable Energy Agency, the costs associated with extracting power from solar panels has fallen as much as 60 […]

The real reason the military is going green

Air Force cargo planes drop barrels of fuel to remote bases in Afghanistan to avoid dangerous land-based fuel convoys. This makes each barrel cost up to $400, and is a major reason the Pentagon is working to cut down the military’s reliance on fossil fuels. Photo: U.S. Army. Retired Brig. Gen. Steven Anderson calls himself  […]

Emirates readies oil export detour to avoid Hormuz

By night, the lights of dozens of ships anchored off this eastern Emirati port create the mirage of a far-off city at sea. The crowded anchorage reflects Fujairah’s rise as one of the world’s busiest maritime refueling stations. Soon it will also become a vital new exit route for Arabian crude oil destined for world […]

As Greenback Sinks, Dubai’s Chief Economist Calls For Chinese ‘Redback’

Time for dollar, euro to step aside — the redback cometh… Yuan finally set to emerge on a global scale with China hot on heels of US as world’s second largest economy. There are increasing calls for the yuan to become an international payment, investment and reserve currency. The move towards yuan internationalisation requires domestic […]

Willful Blindness, Willful Hypocrisy

Here’s the deal. Research reveals that we lie to ourselves. Not you and I of course, but others do prolifically. Willful Blindness is one of various books and research papers that verify this. We seem to fool ourselves for a variety of reasons. Two of the main reasons, one is self protective and the other […]

Earth faces impending tipping point

A group of scientists from around the world is warning that population growth, widespread destruction of natural ecosystems, and climate change may be driving Earth toward an irreversible change in the biosphere, a planet-wide tipping point that would have destructive consequences absent adequate preparation and mitigation. “It really will be a new world, biologically, at […]

Debris from Japan Arrives in Oregon

A nearly 70-foot-long dock that floated ashore on an Oregon beach was torn loose from a fishing port in northern Japan by last year’s tsunami and drifted across thousands of miles of Pacific Ocean, a Japanese Consulate official said Wednesday. A commemorative plaque on the dock showed it was one of four owned by Aomori […]

Greece: Despair As Collapse Accelerates

Our long time friend and regular contributor Manos has been keeping us abreast of the day-to-day goings on in Greece for the better part of  three years. Suffice it to say, it’s getting worse with very little hope of resolution to the economic and political woes facing the country, as well as its European neighbors. […]

From Peak Oil to An Excess of Energy: The State of Global Energy

Everyone knows that oil production is declining. That it’s only a matter of time before Peak Oil forces us to find new forms of energy or battle over soil like Kevin Costner in “Waterworld.” As usual, everyone is wrong. Data recently released by the Energy Intelligence Group shows that production of global crude has now […]

The global water crisis will shake humanity to its core

You don’t hear much about the water crisis in the United States. Water is still cheap here and our borders contain a relatively large freshwater supply. But in some places the crisis is in flames. 1.6 billion people live in regions with absolute water scarcity and by 2025 two-thirds of the world’s population could be […]

Reflections on ASPO 10, Vienna 2012

After Part One, this is Part Two of my thoughts on some of the energy related themes of this ASPO conference and where we find ourselves now. From the ASPO 10 Picture Gallery Renewable Energy and Electricity There were several presentations through the conference with a focus on renewable energy. Unfortunately, most of them were […]

Australia to Go Nuclear by 2030

Australia will become a primary user of advanced nuclear technology, says University of Adelaide scientist Professor Barry Brook, if the country is serious about cutting carbon emissions. Professor Brook, Director of Climate Science at the University of Adelaide’s Environment Institute, says Australia will eventually turn to nuclear power to meet our sustainable energy needs — […]

Citi’s Ed Morse Has A Huge Note Blasting Everyone Who Believes In Peak Oil

In eight years, oil may be trading more or less right around where it is right now. That’s the call energy economist Ed Morse made in a recent note to clients. The commodities research chief at Citi says he expects crude prices to stabilize around $80-90 per barrel by 2020. Morse writes that “peak oil […]

John Michael Greer: Collapse Now and Avoid the Rush

I’m not sure how many people outside the writer’s trade realize how much of writing is a cooperative process. That’s as true of those of us who write late at night in the privacy of a silent room as it is of the more gregarious sort of writer, the kind you can expect to find […]

Peak Oil: Some Truths About Crude Oil Substitutes

We are at a key turning moment in history. The actions that we will soon decide to take will be determined by the beliefs we hold. At a time like this, holding the wrong set of beliefs can destroy your wealth, sap your joy, and even prove to be life-shortening. [1] Sober thoughts, but ones we […]

4 Reasons Natural Gas Is So Cheap

Natural gas prices have been low this year. You can’t complain about that. Recently, natural gas broke the psychological $2 mark which may beg the question of how much lower natural gas will go. It has since gone north of $2 but that doesn’t change much of anything. Natural gas is still relatively cheap. According […]

Can Shale Gas Meet China’s Energy Needs? Call The Fracker

China has ambitious targets to boost natural-gas consumption. It also sits on extensive deposits of shale gas that may be among the world’s largest. Put those two facts together and you might anticipate a repeat of the gas boom seen in the U.S., where fracking has transformed energy policy. China’s National Energy Administration has targeted […]

Is there such a thing as too much pipeline safety?

While it may be heretical to say in some quarters, Ken Costello asserts that there canbe too much pipeline safety, especially for those gas systems operated by local distribution companies. Costello is an economist by trade and a principal in the National Regulatory Research Institute, which assists state utility regulators in improving public-interest decisionmaking. No […]

Saudi Arabia Achieving $100 Oil Signals Output Reversal

Saudi Arabia is poised to rein in oil sales after it achieved a $100-a-barrel target by cutting the price of its crude and pumping at the highest rate in at least three decades. The world’s biggest crude exporter started to scale back shipments this month, Vienna-based researcher JBC Energy GmbH said, citing tanker fixtures. Three […]

Charles Hall – Energy Returns

Charles Hall discuss EROEI (energy returned on energy invested) at the recent International Conference on Degrowth in the Americas.

The Saudi Oil Problem

We’re worried about economic growth, or the lack thereof, presidential elections, and why Europe can’t get its act together. But the big daddy of issues is global net oil exports. Saudi Arabia is once again the biggest producer of oil in the world, surpassing Russia to regain its title. Saudi Arabia also happens to be […]

Even more oil and gas discovered off Israeli coast

Large-scale natural gas and oil discoveries both in Israel and off its Mediterranean coast seem to be occurring with surprising frequency in recent years. On Sunday, an Israeli company announced the discovery of yet another commercially-viable gas and oil field just off the coast of the northern port city of Haifa. Israel Opportunity Energy Resources […]

Paul Craig Roberts: Collapse At Hand

Ever since the beginning of the financial crisis and quantitative easing, the question has been before us: How can the Federal Reserve maintain zero interest rates for banks and negative real interest rates for savers and bond holders when the US government is adding $1.5 trillion to the national debt every year via its budget […]

Affluenza Afloat: The Dangers of Supersized Cruise Ships in Our Peak-Oil World

Recent news that the 2,600 passenger Grand Princess cruise ship will be docked in San Francisco one year from now has unleashed a titanic blast of excitement. Naturally, the thrill of thousands of passengers and crew routinely disembarking at the pier is music to the ears of struggling retailers and restaurateurs. In the meantime, avid cruise fans enticed by dramatic […]

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