China Energy Outlook: An Inside Look at Chinese Energy Thinking

Globally, only two reports are published on an annual basis wherein the world’s energy situation is fully scrutinized. These have a huge impact because in many government and company decision boardrooms – at least in Western Europe – everything which is written inside the two reports are seen as the truth, the whole truth, and […]

Iran aims for baby boom, but are Iranians in the mood?

Before Somayeh can have the second child she and her husband have been talking about, they must first consider the expense. “Baby food, clothes, doctors, the hospital – it all costs a lot of money. Which we can’t afford at the moment,” she said, speaking to Reuters by phone from inside Iran. Like many countries, […]

Climate Change Webcast Event Starts Tonight: 24 Hours of Reality

On November 14, from 8:00 PM EST until November 15 at 8:00 PM EST, The Climate Reality Project will host a 24-hour marathon webcast entitled “24 Hours of Reality: The Dirty Weather Project,” led by The Climate Reality Project’s founder and chairman, former Vice President and Nobel Laureate Al Gore. The webcast will be a series of live recordings […]

Oil Supply Continues Flat in 2012

The future might be too bright to stare at, but back here in 2012, oil supply continues to look flat.  There’s been no significant upward trend since January.  This is starting to feel a bit like the 2005-2007 plateau: Note that this graphs above show three estimates of total liquid fuel production (and their average).  “All […]

Doomsday Preppers Reveal They’re Crazy & Brilliant

Braxton and Kara Southwick live in a suburb of Salt Lake City, Utah, with their six kids. Braxton, a mechanic who prides himself on family values, once rode motorbikes professionally. He’s also training his family to prepare for an attack of weaponized smallpox that he fears will bring the country to its knees. LiveScience sat […]

Could ‘economic peak oil’ rival the banking crisis?

Economic peak oil’ could cripple the world’s economies by 2014 according to a UK-based think tank, which recommends governments take urgent action to wean their economies off fossil fuels. In its latest report the New Economics Foundation (nef) argue that the end of cheap oil, and a new age of sustained high oil prices will […]

IEA to Publish Annual Study on Energy Efficiency Trends

The International Energy Agency plans to publish an annual report on energy efficiency, starting next year, to bolster its efforts to promote fuel saving technologies in businesses, buildings and houses. The IEA publishes a report each month on supply and demand in the oil market, and annual studies on other markets. “From next year onwards, […]

IEA Oil Forecast Unrealistically High; Misses Diminishing Returns

The International Energy Agency (IEA) provides unrealistically high oil forecasts in its new 2012 World Energy Outlook (WEO). It claims, among other things, that the United States will become the world’s largest oil producer by 2020, and will become a net oil exporter by 2030. Figure 1. Author’s interpretation of IEA Forecast of Future US Oil Production […]

Peak Oil? What About Peak Food?

In India, 24 percent of families have foodless days. That means that each week they plan what days they will not eat. In Nigeria, it is 27 percent of families. According to Lester Brown, “food is the new oil.” Lester’s new book, Full Planet, Empty Plates: The New Geopolitics of Food Scarcity, makes a very […]

Oil and Gas Professionals See American Self-Sufficiency for Natural Gas, but Not Crude Oil

America can bank on plentiful domestic natural gas, but should expect a continued reliance on foreign oil, according to oil and gas decision-makers who participated in a new Deloitte survey. Three-quarters of the survey respondents think the United States is already natural gas self-sufficient, or will be within 10 years. When it comes to oil, […]

Summing It All Up…

Excerpted from “Ignorance by Consensus” posted by David Korowicz at FEASTA,  But, very briefly and acknowledging some contention, the conditions for concern might be summarized as follows. We are trying to comprehend our world within the world-views and economic orthodoxies developed over an extra-ordinary, two-hundred year period of compound economic growth. This growth was coincident […]

French decree authorises International Thermonuclear Experimental Reactor

The French government has given the green light to the construction of the International Thermonuclear Experimental Reactor (ITER) on the Cadarache nuclear site, in the South of France. The aim of the project is to master the nuclear fusion technique. It should receive annual EU funding of €515 million under the next framework programme for […]

GE, Pickens’ Clean Energy in natural-gas supply deal for trucks

General Electric Co (GE.N) reached a deal to sell equipment to Clean Energy Fuels Corp (CLNE.O), which is building out a series of liquefied natural gas fueling stations for U.S. truckers. The largest U.S. conglomerate sees liquefied natural gas equipment as becoming a $1 billion market over the next five years, said Mike Hosford, general […]

Chris Martenson Interviers John Michael Greer: If the Four Horsemen arrive, offer beer

Chris Martenson: Welcome to this Peak Prosperity podcast. I am your host, Chris Martenson. Today I am very happy to welcome John Michael Greer to the program. John is the proprietor of the website, The Archdruid Report, in which – if you haven’t read it, you really should check it out – he writes about […]

World Energy Outlook 2012 – NYT article focusing on the USA

Today the IEA’s World Energy Outlook for 2012 was released. I will comment on the report when I have had an opportunity to read it. At the moment numerous newspaper articles have misunderstood the contents of WEO2012. For example, an article in the New York Times has been published under the headline: U.S. to Be […]

Iranian oil output, exports rebound

Iranian oil output rose in October after seven months of decline due to Western sanctions and its exports rebounded strongly as China and South Korea bought more oil, the West’ energy watchdog said on Tuesday. The International Energy Agency, adviser to industrialised nations on energy policy, said the rebound in Iranian output was adding to […]

Peak Oil’s Impact: Long Gas Lines

  Imagine, if you can, that there is a resource everyone likes to use.  They like to use it for convenience: it lets them go places, have neat things, eat the foods they want no matter what time of year it is…. Now imagine, if you can, that this resource begins to become scarce. Imagine that […]

Gas Bubble Leaking, About to Burst

For the past three or four years media sources in the U.S. trumpeted the “game-changing” new stream of natural gas coming from tight shale deposits produced with the technologies of horizontal drilling and hydrofracturing. So much gas surged from wells in Texas, Oklahoma, Louisiana, Arkansas, and Pennsylvania that the U.S. Department of Energy, presidential candidates, […]

Heinberg: Dangerous Ideas: The End of Growth

Our economy is based on a model of constant growth – growth in production, consumption and population. Economic growth has provided rising standards of living in the West and seen millions in China and India lifted out of poverty. This model has been disrupted in many countries by the global financial crisis, which is now […]

Iraq to Invest Up to $150B to Boost Oil Output Capacity

Iraq could spend up to $150 billion on projects to expand its crude production capacity to more than 12 million barrels a day, the country’s oil minister said in remarks published Monday. “Iraq can reach 9 million barrels per day in 2018 and I believe we can exceed 12 million barrels per day given the […]

U.S. the New Saudi Arabia? Peak Oilers Scoff

The U.S. is set to increase oil production so much that it will overtake Saudi Arabia and become the world’s biggest producer by around 2017, the International Energy Agency said today. The reaction from “peak oil” theorists? Not a chance. They continue to argue that the surge in U.S. production coming from shale oil and […]

Applying a Peak Oil Filter to Financial Choices

Applying a Peak Oil Filter to Financial Choices from Peak Moment TV. Like this? Watch the latest episode of Peak Moment TV on Blip! http://blip.tv/peak-moment-tv/watch Peak Moment 222: “If peak oil occurs, it will dominate most everything else that we do, because energy drives everything.” Financial consultant Jim Hansenapos;s peak oil filter doesnapos;t just guide […]

Getting Your Mind Right for Survival: When You are the One Walking Point

Hurricane Sandy left a lot of people without power, food, water, fuel, medicines, and shelter. Many people are still going without — in the middle of the wealthy NYC area. Imagine a larger scale disaster where state and municipal emergency response systems were knocked out, and you were left entirely on your own to assure […]

The Cyber Threat To the Global Oil Supply

The future of energy insecurity has arrived. In August, a devastating cyber attack rocked one of the world’s most powerful oil companies, Saudi Aramco, Riyadh’s state-owned giant, rendering thirty thousand of its computers useless. This was no garden-variety breach. In the eyes of U.S. defense secretary Leon Panetta, it was “probably the most destructive attack […]

IEA World Energy Outlook: Fossil fuel subsidies jumped 30% to $523 billion in 2011

EU: The EU has announced it is to suspend the inclusion of international airlines from its Emissions Trading Scheme (ETS). It said it would wait one year for an international deal to be agreed before it began forcing airlines to account for their CO2 emissions. IEA: The International Energy Agency’s 2012 World Energy Outlook publication has […]

Chatham House notes geopolitical role in oil prices

  Geopolitical worries are keeping prices of crude oil higher than market forces indicate they should be, according to a study published by Chatham House, London. Here are key summary points of the study by Chatham House Senior Research Analyst Paul Stevens and Mathew Hulbert, an energy security specialist at European Energy Review: • The […]

The End of Oil

The End Of Oil – Film Video Remix by Bruce Weaver – Dharma Dog Pictures The past re-imagined as the future, can be seen as going back in time to re-visit where oil comes from and how it shaped our modern future. There have been many in our past who have warned us of whats […]

IEA: US To Be World’s Largest Oil Producer

The IEA has released it’s 2012 World Energy Outlook.  The big headline is that they’ve bought into the idea that the US energy future is too bright to stare hard at: Energy developments in the United States are profound and their effect will be felt well beyond North America – and the energy sector. The […]

Alaska Ice Tested as Energy Source

Looks like ice, burns like a candle: Frozen methane hydrate may be new Alaska energy source The Associated Press A half mile below the ground at Prudhoe Bay, above the vast oil field that helped trigger construction of the trans-Alaska pipeline, a drill rig has tapped what might one day be the next big energy […]

The Real Energy Crisis

Five years ago we got the energy crisis wrong.  Predictions of peak oil and declining sources of petroleum supply convinced many of an impending geologic and strategic crisis:  the world was physically running out of recoverable oil and the remaining sources of significant supply were declining in number and located in politically unstable areas.  This […]

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