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News from August 2012

Can we bear the legacy costs of industrial society’s toxic pollution?

Can we bear the legacy costs of industrial society’s toxic pollution? thumbnail

The U.S. Nuclear Regulatory Commission (NRC) stunned the nuclear industry last week by putting power plant licensing decisions on hold while it reconsiders rules on nuclear waste storage struck down by a federal appeals court in June. At issue is the NRC’s 2010 ruling that spent nuclear fuel can be safely stored on a plant […]


Is the era of oil nearing its end?

Is the era of oil nearing its end? thumbnail

After nearly a decade of warnings that the world’s oil supply was running out, Americans now are hearing about technology breakthroughs that can unlock vast U.S. deposits of natural gas, help reverse a 40-year slide in domestic oil production and perhaps transform America into the next Middle East. But despite the euphoria, there’s a major […]


Syria’s Pipelineistan war

Syria’s Pipelineistan war thumbnail

A deal between Syria and Iran’s oil ministers may jeopardise Turkey’s position on the East-West energy road[REUTERS] Deep beneath “Damascus volcano” and “the battle of Aleppo”, the tectonic plates of the global energy chessboard keep on rumbling. Beyond the tragedy and grief of civil war, Syria is also a Pipelineistan power play. More than a […]


Tech Talk – tensions over oil in the South China Sea

Tech Talk – tensions over oil in the South China Sea thumbnail

In the introductory remarks to these posts on Chinese energy supplies and usage, I mentioned that one of the concerns beginning to be evident lies in disputes over the ownership of some of the oilfields offshore. Disputes over ownership have been continuing for some time, and this week was no exception, with Chinese moves to […]


Will high oil costs permanently ruin world’s economy?

Will high oil costs permanently ruin world’s economy? thumbnail

For President Barack Obama and Republican rival Mitt Romney, the race for the White House seems indisputably centered around one issue: Who can do more to bolster the sputtering U.S. economy. But to some experts, spikes in oil prices over the last several years have signaled an ominous turn that could make it nigh on […]


ONGC makes huge oil discovery off West coast of India

ONGC makes huge oil discovery off West coast of India thumbnail

ONGC on Saturday said it has made a huge oil discovery off the West coast that will help the state-owned firm raise its sagging oil output. The new discovery was made in the currently producing D1 oilfield. The find “will catapult D1 to become the third largest field in western offshore after prolific Mumbai High […]


The Sudden Rise in Oil Prices on QE3 Expectations Should be a Warning to the Fed

The Sudden Rise in Oil Prices on QE3 Expectations Should be a Warning to the Fed thumbnail

Crude Oil prices for WTI were just $78 dollars in July, a month later they are $93.40 with supplies well above their five year average range, China decelerating at a rate not seen since the financial crisis, and US gasoline demand down 4.2 percent year-on-year and distillates down 2.8 percent. So what the heck is […]


Recycling Reality: Humans Set to Trash Most Elements on the Periodic Table

Recycling Reality: Humans Set to Trash Most Elements on the Periodic Table thumbnail

Almost all lead is recycled, among the only elements on the periodic table to earn that distinction. With good reason, mind you: the soft metal is a potent neurotoxic known to impact children’s brain development, among other nasty health effects. Today, nearly all lead is used in batteries (though it was once put into gasoline, […]


The Great Culling has begun: Will your genetic lineage survive?

The Great Culling has begun: Will your genetic lineage survive? thumbnail

The “Great Culling” of the human population has quietly begun. Covertly, insidiously, mercilessly, a global depopulation agenda has been launched. As this plays out, the vast majority of the human race will be removed from the gene pool. Genetically annihilated. Will you and your genetic lineage survive? That’s what this article explores: WHAT are the […]


Two quakes in Iran kill 180 and injure 1,500

Two quakes in Iran kill 180 and injure 1,500 thumbnail

Two strong earthquakes killed 180 people and injured about 1,500 in northwest Iran where rescuers frantically combed the rubble of dozens of villages through the night into Sunday. Thousands fled their homes and remained outdoors after Saturday’s quakes, as at least 40 aftershocks hit the area. Casualty figures could rise, Iranian officials said, as some […]


Auto Companies Meet For Natural Gas Plan

Auto Companies Meet For Natural Gas Plan thumbnail

With nearly two dozen states looking to add natural gas-powered vehicles to their government fleets, it ultimately could push the public to follow suit in purchasing cars and trucks powered by cleaner, affordable and domestically produced fuel, Oklahoma Gov. Mary Fallin said Wednesday. Fallin spoke to a group of automobile manufacturers and dealers, and purchasing […]


Iraq’s oil output overtakes Iran’s

Iraq’s oil output overtakes Iran’s thumbnail

Iraq has overtaken Iran as the second-largest OPEC oil producer for the first time since the late 1980s, a symbolic shift that signals the huge impact of Western sanctions on Tehran and the steady recoveryof Baghdad’s energy industry. The International Energy Agency, the Western countries’ oil watchdog, said Friday that Iraq last month produced more […]


The Other Side Of Sanctions

The Other Side Of Sanctions thumbnail

Iran has been pushed into a corner and is fighting for its life.  The safest weapon in its arsenal is an economic strategy; and it is the one point where the United States is vulnerable.  There is no doubt about it.  Section 1245 of the National Defense Authorization Act that was signed into law by […]


Overpopulation is everyone’s problem

Overpopulation is everyone’s problem thumbnail

At one point, the prevailing wisdom was that nations needed robust birthrates to protect their economic welfare, and that if only we could produce food more efficiently, feeding the Earth’s burgeoning population wouldn’t be a problem. Now, with 1 billion of the world’s people chronically hungry and the population expected to increase by 50% before […]


U.S. Hits Syrian Oil Company, Hezbollah With Sanction

U.S. Hits Syrian Oil Company, Hezbollah With Sanction thumbnail

The Obama administration imposed new sanctions today against the regime of Syrian President Bashar al-Assad and Hezbollah, the militant Islamist group with close ties to Iran. On the eve of Secretary of State Hillary Clinton’s meeting with Syrian opposition members and Turkish leaders in Istanbul, the U.S. targeted the Syrian state-run oil company, Sytrol, under […]


Reflections: The Death of Gallium

Reflections: The Death of Gallium thumbnail

I mourn for the dodo, poor fat flightless bird, extinct since the eighteenth century. I grieve for the great auk, virtually wiped out by zealous Viking huntsmen a thousand years ago and finished off by hungry Greenlanders around 1760. I think the world would be more interesting if such extinct creatures as the moa, the […]


Back to 4 Dollars

Back to 4 Dollars thumbnail

Analysts expect West Coast gas prices to rise beyond $4 a gallon after a fire knocked out a key section of one of the nation’s largest oil refineries. Meanwhile, the same U.S. Chemical Safety Board team that investigated the oil spill in the Gulf Of Mexico was standing by with state and company inspectors waiting […]


Trade Movements of Petroleum

Trade Movements of Petroleum thumbnail

BP presents in their “Statistical Review of World Energy,” a summary of what they called inter-area movements of petroleum, which refers to the major imports and exports of oil between different countries or regions of the world. The trouble with BP’s over-complicated presentation was that one couldn’t readily visualize the relative petroleum flows from one […]


John Michael Greer: A crisis of legitimacy

John Michael Greer: A crisis of legitimacy thumbnail

Over the last week or two, the peak oil scene has been going through another round of its ongoing flirtation with fantasies of overnight collapse. This time the trigger was a recent paper by David Korowicz of Feasta, which I discussed a few weeks back and which you can download in PDF format here. As […]


Oil demand slows as global economy falters

Oil demand slows as global economy falters thumbnail

Oil demand will rise more slowly than expected in China, Europe and the United States next year as economic growth falters, pushing up stockpiles of fuel and offering some relief to consumers facing high prices. The West’s energy watchdog, the International Energy Agency (IEA), said on Friday it had cut its estimates of oil use […]


Where Did All the Global Growth Go, Long Time Passing?

Where Did All the Global Growth Go, Long Time Passing? thumbnail

A year ago, economic analysts were giddy with optimism about the prospects for economic growth in the developing world. In contrast to the United States and Europe, where the growth outlook looked weak at best, emerging markets were expected to sustain their strong performance from the decade preceding the global financial crisis, and thus become […]


Your Complete Guide To The Coming Fiscal Cliff

Your Complete Guide To The Coming Fiscal Cliff thumbnail

  All you need to know about the fiscal cliff which will savage the US economy in under 5 months, unless Congress finds a way to compromise at a time when animosity and polarization in congress is the worst it has ever been in history.   Key dates:   The cliff in graphics:   The […]


Here’s Where Farms Are Sucking The Planet Dry

Here’s Where Farms Are Sucking The Planet Dry thumbnail

This map is disturbing, once you understand it. It’s a new attempt to visualize an old problem — the shrinking of underground water reserves, in most cases because farmers are pumping out water to irrigate their crops. The map itself isn’t hard to grasp. The colored areas show the world’s largest aquifers — areas which […]


Towards an Energy-Positive Food System

Towards an Energy-Positive Food System thumbnail

It’s not uncommon to find me wandering through fields and forests in search of whitetail deer. I find that first track, and away I go. I study where the whitetail move, where they’re eating, and where they’re bedding down. I find the stubble left from where they’ve nibbled at grasses and forbs, I find scrapes […]


Global Food Reserves Falling as Drought Wilts Crops

Global Food Reserves Falling as Drought Wilts Crops thumbnail

Stockpiles of the biggest crops will decline for a third year as drought parches fields across three continents, raising food-import costs already forecast by the United Nations to reach a near-record $1.24 trillion. Combined inventories of corn, wheat, soybeans and rice will drop 1.8 percent to a four-year low before harvests in 2013, the U.S. […]


Mexico inflation hits over 2-year high on food price surge

Mexico inflation hits over 2-year high on food price surge thumbnail

* Annual inflation highest since March 2010 at 4.42 pct * Main driver is egg and fresh produce prices * Markets stick to bests interest rates will stay on hold MEXICO CITY, Aug 9 (Reuters) – Mexican annual inflation accelerated to its highest rate in more than two years i n July on a surge […]


Is The Inclusion Of Natural Gas Liquids In The Definition Of Oil Plausible?

Is The Inclusion Of Natural Gas Liquids In The Definition Of Oil Plausible? thumbnail

A new debate has emerged in recent days around the new definition of oil. In a commentary published on July 16, 2012 on Peak Oil Review, Kurt Cobb argues that the idea that global oil production has been spinning around 88 and 89 million barrels per day (mbpd) this year is wrong. This is because […]


EIA projects slightly higher global oil demand growth

EIA projects slightly higher global oil demand growth thumbnail

  Worldwide liquids fuels consumption will grow by 800,000 b/d this year and by 900,000 b/d in 2013, according to the latest outlook from the US Energy Information Administration. In last month’s Short-Term Energy Outlook (STEO), EIA projected that global oil demand would climb by 700,000 b/d during both 2012 and 2013. The new outlook […]


The Peak Oil Crisis: The Anomalous Heat Effect

The Peak Oil Crisis: The Anomalous Heat Effect thumbnail

The ages are coming faster all the time. The Stone Age lasted 3.4 million years, while the succeeding bronze and iron ages lasted only 2 or 3,000. In the last few centuries, however, “ages” have been coming at a breakneck pace — the industrial age, the oil age, the air age, the nuclear age, the […]


Barak Confidant: Israel Has Decided to Attack

Barak Confidant: Israel Has Decided to Attack thumbnail

Former Labor party minister, Uzi Baram, wrote a column in Yisrael HaYom today that urges Israel’s leadership to tell the people clearly what lies in store when they execute an expected attack on Iran.  What is most striking about the article is this: Recently, I’ve come to believe that the leaders of the State have decided […]


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