Geopolitical unrest and key oil producers

Some people observed 9/11 by lighting candles, others by killing more Americans. Yesterday a mob stormed the U.S. Consulate in Benghazi, Libya, killing the U.S. ambassador to Libya and three other Americans. Among other implications, this raises the possibility that the stability that seemed to have returned to that country may be short-lived. As of […]

Will Regulation of ‘All of the Above’ Energy Cost 20X More on Public Lands?

Federal Lands More than 96% of the domestic energy production growth from shales has taken place on private lands safely out of the reach of the Federal government bureaucrats and regulators.  That energy production growth is transforming America’s energy future by increasing supply reliability and driving down the price of natural gas from more than […]

Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates

The Federal Reserve fulfilled expectations of more stimulus for the faltering economy, taking aim now at driving down mortgage rates. The Fed said it will buy $40 billion of mortgages per month in an attempt to foster a nascent recovery in the real estate market. The purchases will be open-ended, meaning that they will continue […]

Keeping Peak Oil Reality In Mind # 7: A Snapshot

An observation worth noting … and pondering, from Tom Murphy: We built this world on fossil fuels. It is distressing to realize that our primary fuels will begin an inexorable decline this century. The result is that we will have difficulty even maintaining our current energy expenditure rate—let alone continuing our historical 3% annual energy […]

US Embassy In Yemen Stormed

Anti-American violence and hatred is spreading: first Egypt, then Libya, with very tragic consequences, now Yemen. From Reuters: “Hundreds of Yemeni demonstrators stormed the U.S. embassy in Sanaa on Thursday in protest at a film they consider blasphemous to Islam, and security guards tried to hold them off by firing into the air. The attack […]

China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics.  This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in the United States to go way up. Right now, […]

Marines Sent to Libya After Murder of Ambassador

Two Navy guided missile destroyers are being deployed off the coast of Libya, after attacks Tuesday on the U.S. Consulate in Benghazi left four Americans dead, including the U.S. ambassador, military officials told Fox News. The destroyers are for “contingency purposes,” a military official said. In addition, officials said a “fast team” of 50 Marines […]

Official figures show record prices are driving Britons off the road

  Sky-high petrol prices are driving cash strapped Britons off the road. Compelling new evidence from the ­Department of Transport shows millions of drivers are cutting back their mileage. Total traffic levels this spring fell by one per cent on the same period last year. But with drivers in rural areas hurt most by rocketing […]

US sees tighter oil market; OPEC disagrees

The US government and OPEC offered differing outlooks for global oil markets on Tuesday, with Washington ratcheting up price forecasts for oil on stronger demand while OPEC highlighted rising output from the exporter group. In separate monthly reports, both emphasized the possibility that a worsening European crisis could still drag down oil prices, warnings that […]

Shale oil can’t stop crude topping $150 by 2020: analyst

Oil prices are likely to rise sharply from 2015, surpassing $150 a barrel in 2019 and 2020, Bernstein Research said on Tuesday, in a report at odds with a growing oil industry consensus that says rising supplies of unconventional oil will moderate prices. The 180-page report from Bernstein estimates Brent will rise from an average […]

The Magic of Shales

Under the Securities and Exchange Commission’s (SEC) new rule for oil and gas, companies have been allowed much greater freedom to book reserves. On the surface, there is a good argument to be made for expanding the definition of allowable booked reserves. But in practice, this may have opened the door to false valuations of […]

EU gas price row heats up

Relations between natural gas suppliers and consumers in Europe have come to a crunch point over pricing as buyers seek to wriggle free of long established but costly contracts and benefit from newly available sellers elsewhere. The clash is becoming more political as sparks fly between the European Union and its leading gas supplier Russia. […]

North Dakota oil production at record high

Oil production in North Dakota hit another record high above 674,000 barrels per day in July as oil companies successfully tapped the region’s shale bounty, data from the state’s Industrial Commission showed on Wednesday. Oil output in the Bakken, Sanish and Three Forks prospects also rose, to a record high just under 610,000 bpd in […]

Plutonium power for the people

One of the biggest threats to the continued wealth and power held by the global fossil fuel industry is a “plutonium economy” fueled by abundant resources of uranium that can be converted into fissile plutonium in a breeder reactor. (Yes, I know that a thorium economy is just as big of a threat to the […]

August Oil Supply Numbers

The IEA and OPEC have released their numbers for oil supply in August (well “total liquid fuels” anyway).  The above shows all available data from the three main public agencies supplying estimates of this.  Basically nothing exciting at all happened: oil supply continues to look completely flat throughout 2012.  Prices rebounded a bit though. In […]

Are We Missing the Point on Peak Oil?

Not long after my film “spOILed” was released, I became the target of criticism. As a filmmaker producing a movie on a controversial subject with a politically incorrect point of view, I expected to be attacked. What I didn’t expect was whom these harsh words would be coming from. Astonishingly, a film espousing the virtues […]

Energy watchdog suggests oil release unnecessary

* IEA says oil demand is depressed, supply comfortable * Report makes no mention of emergency stocks release * Iran exports edge up, recovery could be short-lived By Dmitry Zhdannikov and Christopher Johnson LONDON, Sept 12 (Reuters) – Global oil demand is likely to be muted over the next year and supply and inventory levels […]

US Ambassador To Libya, Three Others, Killed

Yesterday it was the US embassy in Egypt which fell victim to rioting as angry protestors stormed the building and replaced the US flag with a black one. Today, the violence shifts to Libya where the US ambassador and three staffers was just killed after an attack over a US-produced filmed deemed insulting to Muslims. […]

Coming Food Crisis Plays into Global Elite’s Demand for Population Stabilization

Since 2010, the UN Food and Agricultural Organization have stated that the rise in food prices is directly correlated to the 80 million people being added to the world’s population annually. This fact, according to the globalists at the UN, is beginning to “tax both the skills of farmers and the limits of the earth’s […]

Monster Bluefin Tuna Found Near Australia, Suspected Fukushima Radiation

Scientists are to test a monster bluefin tuna caught off New Zealand to see if it carries radioactivity from Japan’s Fukushima nuclear plant. The 275kg tuna was caught by Victorian fisherman Paul Worsteling 50km off the coast of Greymouth. Mr Worsteling said he waited more than 30 hours to hook the fish, then another two […]

EU Bites the Hand That Powers It: Gazprom Will Bite Back

Gazprom has Europe’s natural gas market in a stranglehold and Europe is attempting to fight back, first with a raid last year on the Russian giant’s offices and then with a probe launched earlier this week against its allegedly illicit efforts to control the EU’s natural gas supplies. The bottom line is that the same […]

Natural gas and the UK’s changing energy landscape

The UK has an urgent problem – keeping the lights on. Some 20pc of the country’s electricity generating capacity will be lost over the next decade, yet demand for power is forecast to double between now and 2050. Britain has also committed to produce 15pc of its energy from renewable sources by 2020, and the […]

Energy Production – Economically Speaking

Pairing the words “economy” and “energy” in the same sentence seems straightforward enough. Yet these two words–combined with the word “sustainable”–open up a world of controversy as well as immense opportunity. The controversy comes from differing opinions of how best to tap the Earth’s resources to meet humanity’s power needs. The opportunity is the number […]

Population a challenge, opportunity

We now have a population of more than 7 billion on a resource-constrained planet. Rather than seeing this number as a problem, I think it is a tremendous opportunity for new ideas, particularly among today’s youth. Imagine, 7 billion people with billions of ideas about innovation. And the most meaningful innovation is that which improves […]

Iraq’s southern oil output at 2.5 mln bpd

Iraq’s oil production from its southern oilfields is at 2.5 million barrels per day as the country edges closer to becoming the world’s biggest source of new supplies over the next few years, a senior Iraqi oil official said. Iraq’s biggest field Rumaila, operated by BP, is currently producing 1.35 million bpd while Zubair oilfield, […]

OPEC Report Shows Widening Gap Over Iran’s Oil Output Views

An oil producers’ report Tuesday revealed a widening gap in views over how much crude oil Iran is producing, with Tehran saying output is up when experts say it is sharply declining. The rare disclosure of sensitive Iranian oil data–made in the monthly oil-market report of the Organization of Petroleum Exporting Countries–comes amid intense scrutiny […]

Too Pessimistic about Renewable Energy

Recently, Michael Noble of Fresh Energy offered a terrific post out about how renewable energy growth has far outpaced what everyone thought possible over the past decade or so. He’s writing from a Minnesota perspective: How wrong we were to think that a $2 billion renewable energy investment would be ambitious. Today, the region supports […]

Warren Buffet talking about oil depletion on CNBC

Warren Buffet talking about oil depletion Febuary 2008

OPEC Oil Production Rises as Angola and Nigeria Pump More

The Organization of Petroleum Exporting Countries boosted crude production last month as Angola, Nigeria and Libya pumped more, the group said. Output from OPEC, which supplies 40 percent of the world’s oil, climbed to 31.41 million barrels a day in August versus 31.16 million the previous month, OPEC’s Vienna-based secretariat said in its Monthly Oil […]

Community Energy in Lewes

Ouse Valley Energy Supply Company, or Ovesco as it is commonly known, is a powerful inspiration for enthusiasts of community renewable energy. In August I was given a guided tour of Ovesco projects by Chris Rowland, which you can see here, and then filmed Chris explaining the origins of Ovesco and outlining some of their […]

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