Iran Calls on OPEC to Keep Output Ceiling

Iran will insist that OPEC maintain its current production ceiling for crude when the group’s ministers meet this month, state-run Press TV reported, citing the country’s oil minister. The Organization of Petroleum Exporting Countries will also discuss candidates for the job of OPEC secretary-general at the June 14 meeting in Vienna, Rostam Qasemi said, according […]

T Boone Pickens Interview with Morning Joe Becoming Energy Independent

Boone Pickens talking about natural gas and oil, and the tightness of the oil market. 29 May 2012

Previously-Secret 1955 Government Report Concluded that Ocean May Not Adequately Dilute Radiation from Nuclear Accidents

The operator of the stricken Fukushima nuclear plant has been dumping something like a thousand tons per day of radioactive water into the Pacific ocean. Remember, the reactors are “riddled with meltdown holes”, building 4 – with more radiation than all nuclear bombs ever dropped or tested – is missing entire walls, and building 3 is […]

Texas May Triple Power Prices to Avert Summer Blackouts

Texas, the biggest electricity consumer in the U.S., faces a shortage of power to fuel its growing economy that may force the most extensive overhaul of the state’s competitive market since deregulation in 2002. Texas utility commissioners and grid operators are studying whether to allow the nation’s highest peak wholesale power prices to triple, part […]

Oil Prices Fall Below Break-Even for Several Nations

Despite a fall of oil prices below break-even levels for several nations, Saudi Arabia shows no inclination of reducing its high rate of oil production.  Following is a table of some OPEC producers’ fiscal breakeven oil prices: $/bbl Algeria 105 Iran 117 Iraq 112 Kuwait 44 Libya 117 Qatar 42 Saudi Arabia 71 UAE 84 […]

Denmark sees 2012 oil production falling 8 pct

Denmark has kept its forecast for its 2012 oil production steady, with output still seen falling by 8 percent from last year, energy officials said on Thursday. The Danish Energy Agency forecast oil production this year would be 11.8 million cubic metres, corresponding to about 203,000 barrels of oil per day. The projection was up […]

Former Hedge Fund Manager Warns Of ‘THE END GAME’ In Terrifying Presentation

Everyday, we hear some pretty grim predictionsabout the markets and the economy.  But this is one of the more comprehensive and most gloomy outlooks we’ve ever seen. Raoul Pal expects a series of sovereign defaults, the “biggest banking crisis in world history”, and asserts that we don’t have many options to stop it. Pal previously […]

A Slippery Slope for Oil: How Hard Will Prices Fall?

Remember when oil prices peaked in July 2008 at $148 a barrel? News reports were full of comments that said black gold had a lot more upside. That didn’t surprise us: investors have always extrapolated the current trend into the future. Of course, just as “peak oil” voices were the loudest, the market turned. By […]

Iran threatens to target US bases if attacked

Iran has warned the United States not to resort to military action a gainst it, saying U.S. bases in the region were vulnerable to the Islamic Republic’s missiles, state media reported on Saturday. The comments by a senior Iranian military commander were an apparent response to U.S. officials who have said Washington was ready to […]

Bahrain Commits to Green Energy

In one of the first major solar energy projects in the Middle East, Bahrain yesterday announced plans to implement a solar smart grid in Awali, paving the way for future smart cities in Gulf. “The Middle East has for some time evaluated the integration of solar energy for reduction of reliance on non-renewable energy sources. […]

Clinton to assert US claim in scramble for Arctic ‎

Secretary of State Hillary Clinton will assert U.S. interest in the Arctic, where the prospects for abundant oil, gas and new trade routes has been likened to a modern-day gold rush, when she visits the region on Saturday. As the sea ice recedes with climate change, huge oil and gas fields are adding vast amounts […]

The water crisis is now

By the time you finish reading this article, at least five children will have died because of diseases borne by dirty water. Studies show that by 2025 half the world’s population will not have enough water to meet its needs. Already a billion people do not have access to clean water, and more than two […]

The Realities Of Choosing Your Survival Retreat Location

Unfortunately, having a ‘Plan B’ just isn’t the modern American way.  The great and diabolical misfortune of having two to three solid generations of assumed prosperity in one’s culture is the side-effect it has of lulling the populace into comfortable apathy.  “Prepping” becomes a kind of novelty; a lifestyle that people joke about while planning […]

Pool of world oil exports dwindling

The fact that world crude oil production has been stagnant since 2005 is now commonly acknowledged. But for all the world’s net oil-importing countries – including South Africa – the crucial oil supply variable is total world oil exports, rather than total world oil production – that is, oil importers must compete for the surplus […]

60 Years Of Oil: developments at BP and Royal Dutch Shell

Over the last 60 years, technological developments and political crises have repeatedly driven the oil and gas industry to new locations and more extreme drilling techniques. Yet some things haven’t changed. As the Queen celebrates 60 years on the throne, problems in Iran are affecting global oil supplies, just as they were in 1952. Take […]

Tokyo Professor: We are facing a nuclear winter in Japan

Toshio Nishi is a research fellow at the Hoover Institution. From 1991 to the present, Nishi has been a distinguished guest professor at Reitaku University in Chiba, Japan, and from 2004 a graduate school professor at Nihon University in Tokyo. […] From 1985 to 1991, Nishi was a foreign correspondent for NHK Journal, a radio […]

Troubled Times for World Oil

Major energy monitoring entities, including the US EIA and the OECD group’s energy watchdog the IEA are forced to report that for the developed nation OECD group, and increasingly even for energy outlooks in Emerging economy giants China and India, energy demand is stagnant or falling. For the G20 group, including the largest Emerging economies, […]

Saudi unlikely to cut soon despite oil under $100

Oil’s fall below $100 a barrel is unlikely to trigger a swift supply cut from OPEC power Saudi Arabia, which is pumping at its highest rate in decades, because its budget can comfortably withstand a much lower price. Others in the Organization of the Petroleum Exporting Countries, including Iran and Iraq, need a higher price […]

Peak oil: Are we looking at it all wrong?

By as early as 2015, global demand for oil will begin to decline, some scientists say. Not because we’ll have run out of the fossil fuel, but because we just won’t need as much of it. I don’t know about you, but when I’m skimming around on the Web and I catch sight of the […]

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