Peak Oil is You

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News from August 2012

International Food Prices Again at Record Levels

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After decreasing somewhat in recent months, international food prices have again risen dramatically, according to figures published on Thursday by the World Bank. Statistics for July indicate a 10 percent rise over just the previous month, and a six percent increase over already high prices from the same time frame a year ago. “Food prices […]

Depletion of Producing wells, Increased Losses, Production Decline for Cadogan

Ukraine-focused Cadogan Petroleum reported Friday a fall in production and increased losses for the six months to June 30. Average production for the first half of 2012 more than halved to 210,000 barrels of oil equivalent per day (boepd) from 424,000 boepd in 1H 2011. The firm’s loss for the period increased to $7.1 million […]

Doug Casey on Peak Oil

L: Doug, in our conversation last week about Syria, we talked about implications for the oil business, and you mentioned Peak Oil. That’s a controversial subject to some, and we’ve had questions about it. Care to comment? Doug: There shouldn’t be any controversy, as the facts are clear – and there wouldn’t be any, if […]

The Long-Term Tie Between Energy Supply, Population, and the Economy

The tie between energy supply, population, and the economy goes back to the hunter-gatherer period. Hunter-gatherers managed to multiply their population at least 4-fold, and perhaps by as much as 25-fold, by using energy techniques which allowed them to expand their territory from central Africa to virtually the whole world, including the Americas and Australia. […]

Battery Performance Deficit Disorder

Batteries fail—as certainly as death and taxes. Rechargeable batteries at least offer the possibility of repeating the cycle, so are in this sense more like recurrent taxes than death. But alas, the story cannot repeat indefinitely. One cheerful thought after the other, yes? But wait, there’s more… Add to their inevitable demise an overall lackluster […]

Robert Rapier: Carbon Trading & Thorium Reactors

In this week’s episode of R-Squared Energy TV, I answer two viewer questions. The first is on California’s upcoming carbon trading markets, which includes a discussion on resource shuffling. The second question is on the potential of thorium nuclear reactors.

Italians Squeezed by $9.50-a-Gallon Gas Face Costly Drive Home

Giovanni Cimmino filled up his Fiat Multipla in Croatia before returning to Italy after his summer holiday, avoiding Europe’s highest gasoline prices. “You need a smart strategy to save on gas,” said Cimmino, 37, who manages a metals trading company near Milan. With pump prices at a record in Italy, “I tend to use more […]

Huge natural gas producer knocked offline by malware attack

One of the world’s biggest producers of liquefied natural gas has been hit by a malware attack that has taken down its website and e-mail servers. This is the second documented computer attack to hit a large energy company this month. Officials with Qatar-based RasGas first identified an “unknown virus” on Monday and took their […]

Population Growth & Tricky Ethics

A prevailing discourse in the Green movement centers on population growth. With more people we run into more and more problems including lack of resources like arable land and potable water. Climate change will only exacerbate these already pressing problems and there will be more starvation and suffering around the world. Yet part of this […]

World food prices jumped 10 percent in July

World food prices jumped 10 percent in July as drought parched crop lands in the United States and Eastern Europe, the World Bank said in a statement urging governments to shore up programs that protect their most vulnerable populations. From June to July, corn and wheat prices rose by 25 percent each, soybean prices by […]

Misconceptions Surrounding Peak Oil

Some people gloss over when the subject of Peak Oil is brought up. Some simply skirt the issue, while others make arguments in their favor using smoke and mirrors with fossil fuel production data… One CEO recently went to far as to call the entire theory “baloney.” According to the interview: Frankly, I think peak […]

Peak Education

In recent years I have witnessed the descriptions of several resource peaks, from oil to water, grain to gold, and peak economy. One additional resource peak that has drawn my attention over the last several months, occurring even as I write this piece, is “peak” education. Education is the sacred political issue that no one […]

Cyber War Envelops Middle East

Iran has already been hit by Flame, Duqu, and Stuxnet. Now we are learning of a more mysterious attack against Iran’s oil infrastructure by malware called “Wiper:” Wiper was an aggressive piece of malware that targeted machines belonging to the Iranian Oil Ministry and the National Iranian Oil Company in April. …No one has ever […]

John Michael Greer : The End of Gasoline Warfare

Last week’s discussion of American military vulnerabilities touched on one of the major issues that ought to be giving Pentagon officials sleepless nights—but only one of them. The military downsides of America’s obsession with high-tech gizmos, in a world where complexity just gives the other guy more opportunities to mess with you, are no small […]

Americans hate oil companies more than the government, poll finds

While the oil industry has long had a negative image with the public, it appears it may be getting worse. A new Gallup poll asked thousands of Americans how they felt about the nation’s 25 largest industries, and 61 percent said they had a negative feeling toward oil companies, according to 24/7 Wall Street. That’s […]

The Peak Oil Crisis: Summer’s End

As Labor Day nears, a quiet summer seems poised to turn into an autumn to remember. Our concern here, as it has been for many years now, is the price and availability of oil products vital to our civilization. One of the many ways to think about peak oil is the point in time when […]

Peak oil: light sweet crude production has peaked globally

Editor’s note: As controversial as the subject of peak oil is, the comments about global warming and other environmental problems are equally controversial. This site does not subscribe to the view that global warming concern is overblown or that technology ‘”will save us” from man’s overuse of finite natural resources without serious ill effects on […]

Social Innovations for Economic Degrowth

At the beginning of the twenty-first century, we find ourselves in a peculiar situation: although hardly anyone would deny the deep ecological crisis facing humankind, we seem to be caught in a net of assumptions that impede a practical solution. Having acknowledged that we need to reduce consumption of energy and materials drastically,1,2 we still […]

U.S. Sets Higher Fuel Efficiency Standards

The Obama administration issued on Tuesday the final version of new rules that require automakers to nearly double the average fuel economy of new cars and trucks by 2025. The standards — which mandate an average fuel economy of 54.5 miles per gallon for the 2025 model year — will increase the pressure on auto […]

Post Carbon Institute: Oil Wars

I seriously designed and animated half of this piece at the seriously fun Monstro for the seriously serious Post Carbon Institute. Producer: Dalton Crosthwait Design & Animation: Alexander Perry, Michael Wilson Sound: Ben Roider The following is a message from Post Carbon Institute: In recent months we’ve seen a spate of assertions that peak oil […]

Peak Lithium, demands soars for manufacture of lithium-ion batteries

Renew Economy reports that WA based lithium miner Talison has been taken over – Talison snapped up on bet of a battery-charged future. Three years after it was forced to pull an Australian stock market float due to a lack of interest from local investors, the Australian-based Talison Lithium (TLH:TSX) – the world’s largest producer […]

Shifting to Renewables in Japan – An Uphill Task

Renewable energy is emerging as the “clinch deal” in Japan`s painful power crisis that pits the government and business against public demand for zero nuclear power. But experts say the going is easier said than done. “Renewable energy is now seen as the way forward for a decision that is heavily political. But issues remain […]

Could Water Strife Lead to ‘Mass Killings’ in the Future?

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As the world faces possible water scarcities in the next two to three decades, the U.S. intelligence community has already portrayed a grim scenario for the foreseeable future: ethnic conflicts, regional tensions, political instability and even mass killings. During the next 10 years, “many countries important to the United States will almost certainly experience water […]

Arctic to Reverse Decline in Norwegian Oil Production

Arctic exploration is set to reverse the decline in Norwegian oil production according to a poll of oil and gas professionals. The poll – conducted by technical consultants GL Noble Denton at the Offshore Northern Seas conference currently being held at Stavanger, Norway – found that 74 percent of participants believe the development of sizable […]

Union wants Venezuela’s oil minister to resign

Venezuela’s largest oil union, a traditional bastion of support for President Hugo Chavez, on Tuesday demanded the resignation of the head of the state oil company for a refinery explosion that killed dozens of people. Jose Bodas, the secretary general of the FUTPV oil union, said Petroleos de Venezuela SA (PDVSA) President Rafael Ramirez, the […]

Venezuela Refinery Burns Fourth Day After 48 Die in Blast

Venezuelan firefighters put out the last of three blazes at the country’s largest refinery following an explosion four days ago that killed at least 48 people. “We’re in a cooling stage now,” Oil Minister Rafael Ramirez said today on state television. “We’re inspecting the affected areas and checking our infrastructure to prepare for restarting operations.” […]

Why Everybody’s Going To War in the Middle East

“Everybody’s going to war but we don’t know what we are fighting for.” – Nerina Pallot, from “Everybody’s Gone to War” Iran Wants War Although a peaceful nation for hundreds of years, Iran was invaded and occupied by the Allies in both World War One and Two. Then in 1980, at the urging of the […]

Hillary Clinton Supports UN Population Control

The title alone should make the hair on your back stand up, Hillary Clinton Supports UNPopulation Control. The idea of elitists determining who should live isn’t new; but many folks have chosen to forget some of the darker periods in history. Daniel Tailor wrote an article back on August 27, 2007, Eugenics Moves to theTwenty-First […]

The Smart Grid Means Changing Expectations

The recent Smart Grid Roadshow in Vancouver covered interesting ground in terms of how electric utilities must transform to meet expectations of stakeholders – be they consumers, regulators, or shareholders. BCHydro resources discussed the unprecedented scope of ambitious grid modernization projects that their utility had underway to achieve two objectives: become more efficient and consumer-centric […]

Feed Europe, Feed the World

A huge moment for reform of the industrial farming system in Europe has many stakeholders on edge. Farmers who are feeling the crunch of rising input costs – from fertilisers to fuel – believe they can benefit greatly from a transition to more traditional and sustainable farming methods. An organic farm in the village […]

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