How to Organize, Finance, and Launch Local Energy Projects

Is it possible to “relocalize” energy? This is a critical question that must be addressed if we are to achieve true global resilience. In our brand new book (September 4, 2012), Power From the People, energy expert Greg Pahl decisively argues that the answer is YES. Power From the People is the second book in […]

U.S. Shale Glut Means Gas Shortage for Mexican Industry

Mexico has begun cutting natural gas supplies to some of its largest customers by as much as 45 percent of their orders to cope with ballooning demand from households to steelmakers such as Ternium SA and ArcelorMittal. Monopoly supplier Petroleos Mexicanos, known as Pemex, started reductions on a case-by-case basis as the government studies forcing the […]

Funds Sue BP for Hiding Truth Over Safety

U.K. oil and gas company BP PLC is being sued for millions of dollars in the U.S. by institutional investors who say it misled them over safety policies and details over the scale of the oil spill in the Gulf of Mexico, reports U.K. newspaper The Daily Telegraph, without citing sources. Six investors including South […]

Can Oil Prices Rise Indefinitely Without Strong Economic Recovery in Europe and the US?

Clouds of recession hover over Europe and are threatening the US, unless significant policy changes are enacted from those existing now. Most advanced nations also suffer from both exploding debt and a demographic decline of their core populations. Unless the world’s wealthy nations resume the buying spree of the “economic bubble period” of the 1990s […]

USGS releases damning EUR’s for shale

Energy in Depth (EID), a public relations entity formed and funded by the oil and gas industry, made the following statement: “…all one has to do is look at the evidence…where the ultimate recoveries (EUR’s) of wells are increasing each year through better technology and production management[emphasis mine], to see the truth she is intent […]

New Zealand Looks to Boost Oil & Gas Output

New Zealand is hoping to replicate the success of oil and gas exploration in its North Island’s Taranaki basin in a new prospecting round as it tries to boost economic growth and attract investment, Minister of Energy and Resources Phil Heatley said Tuesday. The government, which invited bids for oil and gas exploration permits for […]

Saudi Arabia May Become Oil Importer by 2030

Saudi Arabia, the world’s biggest crude exporter, risks becoming an oil importer in the next 20 years, according to Citigroup Inc. Oil and its derivatives are used for about half of the kingdom’s electricity production, which at peak rates is growing at about 8 percent a year, the bank said today in a an e-mailed […]

Re-Visiting Thoughts On Peak Oil & Planning

In the course of conducting research for a book I’m now working on, I came across this post. After editing it to focus on just a few key issues, along with a tweak or two for clarity, I thought it might be worth another look. What happens when the inevitability of declining resources begins to […]

Orlov: The Most Interesting Driver in the World

Recently circumstances have conspired to make it necessary for me to drive hundreds of miles all over New England. I don’t often drive. The last time I owned a car was over a decade ago, and I haven’t missed it. I bicycle a lot, plus Boston’s public transportation is not too awful. When I do […]

Robert Rapier: 4 Reasons Why Gas Prices Are About to Fall Rapidly

While U.S. gasoline prices have been on the rise for the past two months — and are presently $0.15/gallon higher than they were a year ago — I expect that gasoline prices will start to fall rapidly in the weeks ahead. There are four reasons for this. First is that the spike from Hurricane Isaac […]

The era of cheap food may be over

The last decade saw the end of cheap oil, the magic growth ingredient for the global economy after the second world war. This summer’s increase in maize, wheat and soya bean prices – the third spike in the past five years – suggests the era of cheap food is also over. Price increases in both […]

Working in the UAE

Working abroad is an occupational fact of life for many professionals in the oil sector, particularly those who work outside of the United States. But while some countries are reasonably straightforward as far as relocating and getting settled are concerned, others can require a lot of persistence and patience Perhaps the easiest region in the […]

Oil Corporations Want to Exploit Reserves Under Arctic Ice Melt

The National Academy of Science would like to see the eco-fascist view of man-made climate change be taught in school curriculum to indoctrinate future generations to unscientific ideas like the Arctic sea-ice melting is not a natural event. Alarmists are reporting that the Arctic sea ice has shrunk to 1.58 million square miles and expected […]

Japanese Nuclear Workers Hid Radiation Exposure, Sometimes Forced

Following the Fukushima nuclear disaster last year, a spotlight has been focused on the nuclear reactors of Japan. While we are still not entirely sure of all of the consequences of this earthquake-triggered catastrophe, or the degree of each consequence, people are beginning to grasp the fact that these plants are not entirely safe (although […]

A Labor Day without jobs

Americans used to take pride in their work on Labor Day. Even if you recognize that Labor Day wasn’t always just a day off from work to spend on cookouts and watching sports on TV, you may think of it as another bland holiday dedicated to celebrating something people don’t care much about. Namely, work. […]

Russia’s Aug oil hits post-Soviet high of 10.38 mln bpd

Russia extracted oil at a record pace of 10.38 million barrels per day in August, a level unseen since the collapse of the Soviet Union, as companies took advantage of high oil prices, Energy Ministry data showed on Sunday. Rising production will be welcomed by the administration of President Vladimir Putin, who embarked on a […]

The Obama Energy Plan: A Progress Report Critique

This is an overview of the Obama Energy Plan released in March 2011 as a Blue Print for a Secure Energy Future.  A year later, the White House released a progress report highlighting their accomplishments. My commentary is designed to compare and contrast President Obama’s stated energy strategy with the Romney Energy Plan. The Obama […]

Peak oil production prospect is frightening and controversial

Last week I tried to relate the prediction of the CEO of a company that has more global oil production data than any other I can find. Dave Demshur of Core Labs (NYSE: CLB $121) says we are now at the maximum possible oil output of the planet. And, it will not get higher — […]

Tech Talk – Oil production within China

If one looks at a map of China, at first it seems to be a land that has been heavily endowed with gas and oil fields. However, with the continued rise in demand for liquid fuel, exploration and development are being aggressively pursued inside the nation, as well as offshore and abroad. Current levels of […]

Unraveling the Nuclear Renaissance

Power plants are a bit like insect eggs. At the start, there are huge numbers, but few of them make it to adulthood. The last few days may have seen the demise of two reactor projects that had looked promising a few years ago, when the economy was strong and people worried about the high […]

Kuwait denies signing $4bn oil deal in Canada

Kuwait Petroleum Corporation (KPC) said late on Friday it had not signed a deal in Canada after reports it had completed a preliminary agreement with Athabasca Oil Corp to develop the Alberta oil sands. “No agreement has been signed. Projects or any investment (are) subject to approvals of KPC board and the Supreme Petroleum Council, […]

Should the world go vegetarian? Scientists say “no”

Limiting animal agriculture is not a healthy, sustainable way to save water. In a recent paper, the Stockholm International Water Institute (SIWI) recommends that the world population save water by reducing the consumption of animal products by 75 percent. This recommendation is based on flawed data. Meat, milk and eggs are important sources of protein […]

Peak Oil Myth: Debunking The Peak Oil Theory

One of the most important energy theories for investors in energy of any sorts is the notion of “peak oil”, or the idea that at some point, we’re going to hit a certain amount of oil production, and then we’re going to have to naturally start producing less going forward from that middle point. This […]

Energy independence and neo-Malthusian commodity fears

I’m not supposed to be blogging.  Philippe and I have a book deadline at SUP this week.  We have a Forbes piece due soon, too.  And I have a speech to prepare for an Institutional Investor Forum in mid-September.  So I’m going to make this quick… Tonight was my last night as a summer bachelor (my wife and […]

Saudi oil income at all time high

Saudi Arabia is expected to net its highest ever oil export earnings of nearly $335 billion in 2012 because of high crude prices and a slight rise in its production, according to the Gulf Kingdom’s largest bank. Saudi Arabia, the largest Arab economy and world’s oil powerhouse, netted a record high income of $317 billion […]

World’s biggest offshore wind farm planned

Plans for the world’s largest offshore wind farm have been submitted to the Scottish Government. The £4.5bn scheme, which could be built by 2020, would see 339 turbines stationed in the Moray Firth, 13 miles off Caithness. The 670ft structures have already attracted opposition from campaigners such as Donald Trump who has claimed a wind […]

As China goes, so goes oil; as oil goes, up goes the U.S. dollar

I realize it’s never easy and rarely simple. But today I’m going to help you understand why global money-flow drives key markets and how that flow could be reversing. If I am right, it is good news for long-term dollar bulls like me, bad news for China bulls, and terrible news if you are still […]

Israelis prepares for war with Iran

Larissa, a 66-year-old manager at an Israeli investment company, waited in line last week at a Tel Aviv youth centre to get a gas mask, one of tens of thousands of Israelis rushing to pick up such protective kits in recent weeks. Amid media speculation that Israel may carry out a strike on Iran’s nuclear […]

Russia’s Gazprom Tightens Its Stranglehold On Europe, France Falls: The Natural Gas War Gets Dirty

Why would France suddenly prohibit shale gas exploration? Sure, there are environmental issues with horizontal drilling and hydraulic fracturing, the methods used to extract gas from porous shale deep underground: flammable drinking water, earth quakes, cows that die, radioactive sludge in sewage treatment plants…. But French governments have had, let’s say, an uneasy relationship with […]

Germany, Italy Opposed to IEA Oil Release

Germany and Italy remain opposed to a release of consumer country emergency oil stocks, arguing world markets are amply supplied despite lower Iranian crude output, senior government sources in Rome and Berlin said. German and Italian opposition creates further uncertainty about the timing of a possible drawdown of stocks after G7 finance ministers issued a […]

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