Time running out for Asian buyers of Iran oil

Iran’s top crude oil buyers in Asia have just weeks to come up with ways to keep imports flowing without falling foul of the toughest Western sanctions to date against Tehran’s oil trade. Solutions have proved elusive so far. A year ago, Iran was selling around two-thirds of its crude exports, or roughly 1.45 million […]

Babies! At the end of the world

Babies! Are the answer. Babies are also the reason. Babies are the problem and the solution, the currency and the contract, the apocalypse and the salvation, all wrapped in cute little rainbow diapers and outlandish college funds that make you weep well into 2042. Who knew? I have recently returned from Spain. Spain is sultry […]

Revolution or peak oil?

Having hit a low of $10.00 a barrel in 1998 and a high of nearly $150.00 in 2008, the price of oil has settled comfortably above $100.00 a barrel. The theory of “peak oil,” that global oil production was approaching a level from which decline was inevitable, has gone from the view of an eccentric […]

Far Too High’ Oil Price Poses Economic Risk, IEA

Fatih Birol saying oil prices still a risk to world economy, even though they’ve come down $30 dollas in the last 2 months??? and even though OPEC/Saudi Arabia has said they need $100 dollar a barrel oil

Truth about Fukushima

The release of radioactivity from Fukushima is at least as great as from Chernobyl, and a humanitarian disaster on the scale of Chernobyl needs to be averted by acknowledging the truth and taking responsibility for mitigating measures Dr. Mae-Wan Ho Regulators seriously economical with the truth “Few people will develop cancer as a consequence of […]

The last ASPO conference

  On the evening of the first day of the 10th ASPO conferencein Vienna, Rembrandt asked me if I’d write again the usual summary. My immediate answer was “No”. Lack of time and motivation let me far from such undertaking. Hours later a title popped up in my mind; the dead time at airports and […]

Fun With EROEI

A SIMPLIFIED attempt to model the affect of substituting high EROEI liquids sources with lower EROEI sources. Demand was kept constant to try to isolate the effect of just a change in the composition of production. Try it for yourself using your own EROEI numbers and production composition. Excel Spreadsheet: ROEI May 2012 Stephen Johnston […]

Economic Collapse for Dummies

Forget the complicated flowcharts, scenarios, and government-banking-system reacharounds, the global economic collapse has never been so easy to comprehend…

Disruptive Economics Accelerating Global Energy Change

Oil analysts already integrate “disruptive technology” in the shape of hybrid and all-electric cars in their forecasts of probable, at least possible decline in the total oil demand of the world’s two-largest car fleets – in the EU27 and USA – and in the world’s fastest-growing fleets of China, India and other smaller emerging economies. […]

Iranian Decision to Convert 20% Uranium May Be Good News

Iran’s decision to convert a third of its higher-enriched uranium into metal plates will make it more difficult for the Persian Gulf country to assemble an atomic weapon if it decides to to so, nuclear-security analysts say. United Nations International Atomic Energy Agency inspectors have verified that Iran converted about 33 percent of its 20 […]

Average Household Energy Use

This is EIA data from 2005 showing the average end-use of energy within households.  I haven’t found time series data for household energy use at present. I note that my house comparesquite unfavorably to the average.  I assume that’s a function a) of it being an old house, b) of us being a five person […]

Jeff Rubin on Peak Oil

Jeff Rubin, economist and winner of the 2010 National Business Book Award for his title Why Your World is About to Get a Whole Lot Smaller, speaks at the Toronto Reference Library May 14, 2012. With CBC’s Michael Hlinka.

Huge oil shale potential in western Siberia

Exxon Mobil Corp. XOM -0.36% is starting work with Russia’s OAO Rosneft in assessing what could be massive reserves of shale oil in Western Siberia, the U.S. giant’s Chief Executive Rex Tillerson said Tuesday. “There is huge shale potential in shale rocks in West Siberia…we just don’t know what the quality is,” Mr. Tillerson said […]

Petrol prices ignite anger in South Africa

Petrol prices in South Africa hurting the consumer. May 2012

Fragility and Collapse: Slowly at first, then all at once

I have been predicting collapse for over five years now. My prediction is that the USA will collapse financially, economically and politically within the foreseeable future… and this hasn’t happened yet. And so, inevitably, I am asked the same question over and over again: “When?” And, inevitably, I answer that I don’t make predictions as […]

Stuart Staniford: Oil prices

It’s worth a comment on oil prices which have been collapsing with remarkable speed lately.  Firstly, let’s briefly recap the price history of the last five years, which I have divided into eight eras in the chart above. The final stage of the 2005-2008 price shock.  This was driven by the onset of the plateau in […]

The end of cheap oil?

IEA Confirms The End Of Cheap Oil, reads one blogger’s headline. The end of cheap oil – and life as you know it, proclaims the Digital Journal. Age of Cheap Oil Is Over: IEA’s Chief Economist, says MarketWatch. Obama Cops to Peak Oil Reality, blares the Post Carbon Institute. But a funny thing happened on […]

Peak Oil: The Race for What’s Left – Full Talk

Professor Michael T. Klare presents the full talk on his latest book – The Race for What’s Left: The Global Scramble for the World’s Last Resources – to the Carnegie Council on March 20, 2012. The talk is followed by an audience Q&A. @ 60 minutes. Description from the Carnegie Council website: “The world is […]

Japanese oil demand to surge

Japanese crude oil demand during the peak summer season is expected to reach a 10-year high as nuclear power plants go dark, industry estimates indicate. None of the 50 nuclear reactors in Japan is online, meaning about 20 percent of the country’s power capacity isn’t available. The country’s crude and fuel oil demand for power […]

Oil Prices are Down, and That’s Very Bad News

Stuart Staniford reviews the recent rise and then collapse of oil prices today, and concludes that it’s the economy, stupid: So whither these trends now? On the one hand, it seems clear that the recent downward forces on prices will continue….Spain’s difficulties rescuing Bankia, and the fact that there are likely still a lot of […]

Give me that doom time religion

To deal with the scary bits of an economy facing collapse, the middle of the forest will put you in a different frame of mind than a hotel conference center. I don’t usually think of people interested in peak oil, climate change and economic collapse as particularly religious. “Spiritual” maybe — Sufi dancing and Lakota […]

Rampant oil theft ravages Nigeria’s Delta

The sound of fleeing feet rustles from the undergrowth in this swampy enclave in Nigeria’s Delta, where a fire burns beneath an open tank of crude oil and black smoke fills the sky. Criminal gangs are quick to run when boats approach the illegal refineries all over the Niger Delta, a region of creeks and […]

Parliamentary question debate on Peak Oil in the Swedish parliament

Mr Per Bolund of the Swedish Green Party has addressed a question on Peak Oil to the Finance Minister Anders Borg. In the end it was not Finance Minister Borg who answered the question rather than the Energy Minister Anna-Karin Hatt (and you can now listen to the parliamentary debate on the question in Swedish). […]

Dr. Colin Campbell: Changes in World’s Energy Supply

Dr. Campbell discusses changes in world energy supplies at the New Energy Era Forum 2012

Tech Talk – The Potential for Saudi EOR

Without getting into the discussion of the other aspects of the site, it was interesting to read a post dealing with future oil production on “Watts Up with That” today, in which it is suggested that the forthcoming fall in Saudi oil production will presage the decline in overall global oil production. (The site has […]

Canadian natural gas production takes steep dive

Canada’s natural gas production is falling dramatically, domestic prices are so low that companies can’t cover their cash costs, and exploration is largely on hold. Average daily output this year is likely to slide to the lowest level since 1993, says Peter Tertzakian, chief energy economist at ARC Financial Corp. If you’re keeping score, that’s […]

Ugo Bardi: The other side of the peak

All right, ladies and gentlemen, let me start by noting how it has been said in previous talks that sometimes people involved with peak oil tend to focus on problems, neglecting answers. That may be true, but we also must have the problems clear in our mind if we want to find correct solutions. So, […]

Canada Oil Sands And The Precautionary Principle

The precautionary principle is typically defined as “if an action or policy has a suspected risk of causing harm to the public or to the environment, in the absence of scientific evidence that the action or policy is harmful, the burden of proof that it is not harmful falls on those taking the action.”  In […]

Japan Set Restart Two Nuclear Reactors

Japanese Prime Minister Yoshihiko Noda appears set to order two of Japan’s 50 closed reactors to return online in time for the summer energy crunch—the first reactors to be restarted since the nuclear accident at the Fukushima Daiichi nuclear plant in 2011. The move, which could take effect as soon as next week, comes after […]

Norway: The Oil State

Welcome to Norway, home to a proud people who enjoy telling the myth about how they cheated their rival and neighbor Denmark by, despite owning very little of the North Sea oil, getting the then-Danish minister drunk on Norwegian snaps and signing the majority over to them. It’s the same country whose prime minister, Jens […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy