CFTC: Citi to pay penalty for wheat futures position limits violation

The Commodity Futures Trading Commission on Friday ordered Citigroup Inc and a subsidiary to pay a $525,000 penalty for violating position limits, which cap the number of contracts any trader can hold in certain commodities. The CFTC said Citigroup, through Citigroup Global Markets Ltd, on several occasions in December 2009 held aggregate net long positions […]

Spiking oil

The peak-oil hypothesis states that fossil fuel resources are finite and will reach a point where they begin a period of steady decline until they are depleted. This isn’t a political philosophy, but a scientifically based belief. It has been commonly believed that domestic oil production peaked in 1972 under Richard Nixon. Production continued to […]

Plastics – An Intriguing Love Story?

Ladies and Gentlemen, The plastic industry’s future in Europe is a fascinating topic. I would like to start by putting it in a very global context. On 7th June this year a scientific article in the journal Nature stated that (and I quote):” “Human population growth and the per-capita consumption rate underlie all of the […]

Overpopulation: Food Crisis And Future Hunger Wars

The term ‘Hunger Wars’ appeared in an article written by Michael Klare (Author of The Race for What’s Left) no doubt inspired by the wildly successful novel, The Hunger Games, which depicts a post-apocalyptic future in an impoverished North America where hunger and the search for food is the daily preoccupation of survivors. In the […]

Preparing and Executing Successful Peak Oil Presentations

Megan E. Quinn Bachman Outreach Director Community Solutions Peak Oil Workshop for Community Leaders December 2, 2005

Thursday’s Three Mile Island Nuclear shutdown is the second in a month

Three Mile Island is still shutdown Thursday night. Around 220 Thursday afternoon, people who live near the nuclear power plant heard a loud noise, saw steam and then the plant automatically shut down. This is the second time that this has happened in the past month. Along with that steam, authorities say undetectable amounts of […]

UAE: Oil prices underpin growing vehicle market

New car sales in the United Arab Emirates have grown around 20% in the first eight months of this year and growth is expected to continue due to a resilient economy underpinned by high oil prices. Atsuo Kosaka, managing director of Nissan Middle East, said the car market in the second largest Arab economy is […]

China: Individuals to be taxed for oil consumption

China is expected to change its oil consumption tax coverage to individuals from companies, and to tax consumers at the gas station after a consumption tax reform, said a tax official at the 5th General Assembly of Chinese Corporations’ Tax Management and Innovation on Thursday. The country will also adjust the scope of taxation, to […]

Fewer Americans commuting solo

The dismal economy and skyrocketing gas prices may have accomplished what years of advocacy failed to: getting more people to stop driving solo. The share of workers driving to work alone dropped slightly from 2010 to 2011 while commutes on public transportation rose nationally and in some of the largest metropolitan areas, according to Census […]

Why We Cannot Save The World

We live in radical times surrounded by tasks that seem impossible. It has become our collective fate to be alive in a time of great tragedies, to live in a period of overwhelming disasters and to stand at the edge of sweeping changes. The river of life is flooding before us, and a tide of […]

Hint of Stabilization in Iranian Oil Production

The above shows Iranian oil production which has been dropping steadily through 2012 – until August.  At this point, the evidence for that August stabilization is based solely on the “OPEC secondary sources” figures – I now largely discount Iranian self-reports.  We will have to see what other sources say and what the next month […]

Saudi crude burn hits new records in June, July

Saudi Arabia burned record monthly volumes of oil in June and July, official government figures show, contrary to the top crude producer’s plan to temper its summer oil burning spree this year with more gas. The world’s leading oil exporter burned an average of 743,500 barrels per day (bpd) of crude in June and July, […]

Dollar no longer primary oil currency as China begins to sell oil using Yuan

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970’s, when Henry Kissenger forged a trade agreement with the Royal house of […]

Venezuela oil workers sure Chavez will win: union boss

The head of Venezuela’s oil workers union said on Thursday his members are not entertaining the possibility that opposition candidate Henrique Capriles could beat President Hugo Chavez in the October 7 election. Wills Rangel, president of the United Federation of Oil Workers, told Reuters that workers’ conditions had improved under 14 years of Chavez’s self-styled […]

The Goals of Energy Policy

  OurEnergyPolicy.org and Sandia National Laboratories recently released The Goals of Energy Policy, a report detailing our recent collaboration to clarify and improve the national energy policy discourse. We feel that this report, based on a survey of nearly 900 energy and energy policy professionals, has significant implications for policymakers and policy professionals working to […]

Shale Gas: An American Success Story

Shale gas development, an activity that scarcely existed 10 years ago, is a U.S. success story that supports more than one million American jobs and generates billions of dollars in government revenues, Jack Williams, president of XTO Energy, a subsidiary of Exxon Mobil Corporation, said Thursday. In a speech at the Shale Gas Insight Conference […]

How to eat an insect

Locusts and worms are seen on a spoon after being cooked with olive oil for a discovery lunch in Brussels, September 20, 2012. REUTERS-Francois Lenoir 2 of 9. A woman poses with a locust between her teeth at a discovery lunch in Brussels, September 20, 2012. Credit: REUTERS/Francois Lenoir 3 of 9. Locusts are cooked […]

UK lawmakers seek moratorium on Arctic drilling

International governments should seek a moratorium on offshore drilling in the Arctic amid concern an oil spill in the region could cause catastrophic environmental damage, British lawmakers said Thursday. The Environmental Audit Committee of Britain’s House of Commons urged action to halt oil and gas drilling in the Arctic until new safeguards – including vastly […]

The Peak Oil Crisis: A New Malaise

It has now been more than 33 years since Jimmy Carter’s famous “malaise’ speech given in July 1979. As this speech is often cited as the beginning of the end for the Carter Presidency, no politician in the intervening years has seen fit to offer anything but an optimistic, upbeat outlook on the course of […]

Peak Oil: The Major Sports’ Leagues

Not only is the business of big-time sports highly visible in our culture, but it also can use tremendous environmental resources and generate significant emissions (think lighting at night games, air conditioning in domed stadiums, high-volume traffic getting to and fro).  When teams, leagues, and stadiums make significant progress in improving their performance, they deserve […]

New material breaks record for turning heat into electricity.

A scrambled-up material has broken the record for converting heat into electricity. Findings published today in Nature suggest that disorder may be the key to creating a new generation of energy-harvesting technologies1. Laptop owners and car mechanics alike know that heat is a major by-product of any kind of work. In power stations, for example, […]

The Trouble with Printing Money

For a while now, I have been expecting a coordinated, global central bank action that would seek to print more money out of thin air, or “QE” (quantitative easing), as it is now called.  Now we have two of the most important central banks, that of the U.S. (the Federal Reserve) and in Europe (the […]

The Probability Of A Super Spike In Crude Oil Is Rising

New FREE social network: http://gregorymannarino.com/aware/ Link to my official website: http://gregorymannarino.com/

Fukushima Radiation: Japan Irradiates the West Coast of North America

Radiation from Japan’s nuclear accident has turned up in seaweed on the coasts of California, Washington and other parts of the West Coast of North America. The ocean is so big … how could this be happening? Why didn’t the gigantic Pacific Ocean better dilute Fukushima radiation? A 1955 U.S. government report concluded that the […]

Chevron Announces Natural Gas Discovery Offshore Australia

Chevron Corporation (NYS: CVX) announced further drilling success by its Australian subsidiary in the Greater Gorgon Area, located in the Carnarvon Basin, a premier hydrocarbon basin. The Satyr-2 exploration discovery well confirmed approximately 128 feet (39 meters) of net gas pay. The well is located in the WA-374-P permit area approximately 75 miles (120 kilometers) northwest […]

Eni Makes Gas Discovery in Pakistan

Eni has made a significant gas discovery onshore Pakistan, in the Badhra Area B exploration concession, located in the Khirtar Fold Belt region, 217 miles (350 kilometers) north of Karachi. The Badhra B North-1 exploratory well, which led to the discovery, was drilled at a total depth of 8,038 feet (2,450 meters) and encountered over […]

Why Have U.S. Oil Imports Declined in Recent Years?

U.S. oil imports have declined very significantly over the past four years.  The Obama Administration claims credit for increased oil production and reduced U.S. oil imports based on recent policy changes.  Mitt Romney proposes other changes to substantially decrease future U.S. imports.  All politics aside, what factors have actually contributed towards reducing U.S. oil imports […]

How cities around the world will sprawl in the next 20 years

In China last year, roughly 51 percent of the population lived in urban areas. In Mexico and Turkey, that figure hovered in the mid-70s. That sounds like a lot of people—until you realize that rate of urbanization is still well below that of the United States, where about 82 percent of the people live in […]

Latest Saudi Oil Production

Saudi oil production is in the news again: The Group of Seven finance ministers last month called on oil exporters to expand production. Saudi Arabia initially reacted coolly to the request, saying that global supply and demand were balanced. But the kingdom has recently taken steps to bring down prices, consulting with large refiners and […]

Margaret Throsby interviews Richard Heinberg

Richard Heinberg is a Senior Fellow-in-Residence at Post Carbon Institute in California and is widely regarded as one of the world’s foremost Peak Oil educators.

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