China’s 2020 Blueprint To Ripple Through World

After the Communist Party of China fleshed out the national goal of building a moderately prosperous society, questions of how the country will fare in 2020 and the impact on the world are very intriguing, Xinhua reporters Cheng Yunjie and Wang Zichen wrote in a special report published by the state-run news agency. According to […]

Orlov: Meanwhie in Ireland

Last week I spent three days attending the Kilkenomics conference in sunny Kilkenny, Ireland. About an hour and a half by taxi from the Dublin Airport, Kilkenny is a smallish medieval town on a smallish non-navigable river, its skyline dominated by an impressive, gloomy castle and a few equally gloomy cathedrals of grey stone. Its […]

Iraq Citizens Can Swap Food Rations for Cash

Iraq’s government will allow citizens to choose whether to receive cash handouts instead of food rations, State Minister Ali Al-Dabbagh said. The Cabinet has also taken steps to prevent speculation on food prices and to ensure the safe delivery of the cash handouts, Dabbagh, the official government spokesman, said in an e-mailed statement today. The […]

Gas-to-liquids is a risky investment

A news story recently proclaimed the benefits of gas-to-liquids technology: A Chesapeake Energy (NYSE:CHK) backed company and Oxford Catalysts Group (OCG:London) are planning U.S. factories to make diesel, gasoline and jet fuel from gas, which fell to a decade-low price this year. Their goal is to make motor fuels more cheaply and easily than oil-based products […]

Does the IMF believe we have a peak oil problem?

Does the International Monetary Fund (IMF) believe we have a peak oil problem? The precise answer is that the IMF is currently studying how constraints in world oil supplies might affect economies around the world in two so-called working papers, “The Future of Oil: Geology versus Technology” and “Oil and the World Economy: Some Possible […]

Our dependence on oil puts a glass ceiling on economic recovery

Why the oil industry today is like banking was in 2006  By StartAgain Download report The era of cheap oil is rapidly coming to an end, ushering in ‘economic peak oil’ – the point at which the cost of incremental supply exceeds the price economies can pay without significantly disrupting economic activity at a given point […]

NYC Employees Hoarding Free Gas For First Responders

As millions of drivers alternate days and run on fumes, CBS 2 has uncovered a disturbing loophole for a privileged few. An exclusive investigation discovered city employees getting free gas — originally meant for first responders. There were cars getting fueled up. A woman was spotted putting two gas cans into her trunk. There were […]

Thyroid abnormalities found in 43% of Fukushima kids declared ‘ok’ by gov’t

Title: White Paper: Fukushima Health Survey Occupies Medical & Legal Conundrum Source: SimplyInfo […] Dr. Suzuki who has been running the Health Survey along with Dr. Yamashita […] claimed it is unlikely thyroid cancer rates would rise and that the results found so far where over 43% of children had abnormalities were “ordinary”. […] These […]

Scientists unlock nature’s hydrogen secrets

Two Canberra scientists believe they have made a major breakthrough in how to best produce hydrogen which can be used as a clean and renewable energy source. Professors Rob Stranger and Ron Pace from the Research School of Chemistry at the Australian National University (ANU) have used computer modelling to reveal the molecular structure of […]

Iran repelled unidentified plane from its airspace

Iran repelled an unidentified aircraft violating its airspace, it said on Friday, after Washington reported a U.S. surveillance drone was shot at by Iranian warplanes last week. Defense Minister Brigadier General Ahmad Vahidi appeared to be referring to the U.S. drone which the Pentagon said had not entered Iranian territory. The incident has underlined the […]

Peak Oil, Global Warming and Business

  So hurricane Sandy was a wakeup call for many people and their attitudes toward global warming.  But I have been trying to make the point for many years that global warming or climate change or whatever euphemism you decide on, is really just one side of the coin.  The other side is the availability […]

Obama Administration Shuts Down Oil Drilling Out West

The Interior Department on Friday issued a final plan to close 1.6 million acres of federal land in the West originally slated for oil shale development. The proposed plan would fence off a majority of the initial blueprint laid out in the final days of the George W. Bush administration. It faces a 30-day protest […]

Saudi Arabia to be self-sufficient in gas by 2021

Saudi Arabia will remain self-sufficient in natural gas, with production and consumption rising to 131 billion cubic meters (bcm) by 2021 from an estimated 94.8 bcm in 2011, BMI said in “Saudi Arabia Oil and Gas Report Q4 2012”. However, the report noted that though refinery expansion is proceeding broadly to schedule, Saudi Arabia cannot […]

OPEC: Crude may hit $ 155 by 2035

OPEC says that fossil fuels will remain the main energy source in the coming decades with coal’s share growing and oil’s falling. In its annual World Oil Outlook, the Organization of the Petroleum Exporting Countries also projects that a barrel of benchmark crude will cost $ 155 by 2035, compared with under $ 100 now. […]

Stuxnet goes out of control: Chevron infected by anti-Iranian virus, others could be next

America’s cyberwar is already seeing collateral damage, and it’s hitting the country’s own billion-dollar companies. Oil giants Chevron say the Stuxnet computer virus made by the US to target Iran infected their systems as well. California-based Chevron, a Fortune 500 company that’s among the biggest corporations in the world, admits this week that they discovered […]

Soil wealth | Why North America Feeds the World

North America is blessed with a disproportionate share of the world’s best agricultural soil. It is no coincidence that the U.S. is one of the few countries that’s a net exporter of food – North America has 17% of the world’s arable land, but less than 7% of the world’s population. As the human population […]

Saudis Warn of Retaliation If Iran Continues to Intrude on Oil Facilities

Saudi Arabia has reportedly warned it will retaliate if Iran continues to intrude on the airspace and waters around its offshore oil facilities in the Persian Gulf, and reserves the right to retaliate, as Tehran’s firing at a U.S. drone last week raises concerns about an escalation in tensions in the region. Saudi Arabia’s envoy […]

Slower Growth Seen in a Graying World

AS the world grows older in the coming decades, economic growth will slow. That forecast was issued Friday by the Organization for Economic Cooperation and Development, a group of 34 countries that includes all of the major industrialized nations. “Aging will be a drag on growth in many countries,” said the report, titled “Looking to […]

Correction: US Oil Boom story

In a story Oct. 23 about the boom in U.S. oil production, The Associated Press misidentified the year and amount of peak U.S. oil output. U.S. oil output peaked in 1970 at 11.7 million barrels per day, not in 1985 at 11.2 million barrels per day. A corrected version of the story is below: US […]

The Cause Of Riots And The Price of Food

If we don’t reverse the current trend in food prices, we’ve got until August 2013 before social unrest sweeps the planet, say complexity theorists   What causes riots? That’s not a question you would expect to have a simple answer. But today, Marco Lagi and buddies at the New England Complex Systems Institute in Cambridge, […]

U.S. Needs $70 Oil to Keep 18-Year Output High

Oil near $70 a barrel would “significantly curtail” decisions to invest in new U.S. supply, said Hussein Allidina, head of commodities research at Morgan Stanley. Projects in areas such as the Bakken region of North Dakota needs West Texas Intermediate crude prices from $70 to $75 a barrel to break even, Allidina said in an […]

Shale Gas: India Goes China’s Way

India wants to emulate the methodology China has adopted in developing a pool of scholars with academic and technical expertise in shale gas exploitation by engaging with US industry and academia. “Our consul general in Houston has brought to our attention some very ingenious efforts by the Chinese oil and gas industry to learn from […]

China Vs. U.S.: Who Is Leading The Natural Gas Transportation Race?

Will China lead the U.S. in the adoption of natural gas transportation? Before I answer this question, let’s take a look at some background information. The United States’ #1 economic advantage against all other countries on Earth is its abundant natural gas reserves combined with its 1 million-plus mile natural gas pipeline distribution system. No […]

Did Sandy offer a peek at peak oil?

The gas shortages and long lines at the pumps in Superstorm Sandy’s wake aren’t just an echo of the oil and energy crises of the 1970s. We may be getting a sneak peek at life amid peak oil.   Peak oil — the point where fuel companies reach the limits of their ability to extract […]

Gasoline Rationing Comes To New York

New York City and both of Long Island’s counties have ordered a temporary gasoline-rationing system – starting Friday morning – in which people there can buy fuel only on certain days, depending on their license-plate numbers. The moves, designed to reduce wait times and lines at gas stations in the area, come more than a […]

OPEC sees coal use increasing in coming decades

OPEC says that fossil fuels will remain the main energy source in the coming decades with coal’s share growing and oil’s falling. In its annual World Oil Outlook, the Organization of the Petroleum Exporting Countries also projects that a barrel of benchmark crude will cost $155 by 2035, compared with under $100 now. The report, […]

A Tribute to Roscoe Bartlett

Here in the Washington DC area and around the nation, election day was a constant stream of poll results, election updates, and pundit analysis. But missed by many was the contest in Maryland’s 6th district, where Roscoe Bartlett – the second-oldest serving member of the US House of Representatives – was denied his bid to […]

Rice bowl overflow

CONTRARY to prevailing fears about global food security, our ballooning world population is unlikely to be running short of the popular food staples rice and wheat in the near future. In fact, given the rate at which rice production efficiency is likely to lift in the next decade, and changing dietary preferences in the developing […]

Aging boomers present transportation challenges

Baby boomers started driving at a young age and became more mobile than any generation before or since. They practically invented the two-car family and escalated traffic congestion when women began commuting to work. Now, 8,000 of them are turning 65 every day, and those retirements could once again reshape the nation’s transportation. How long […]

Billions in Subsidies Prop up Unsustainable Overfishing

Calls are mounting for the world’s big fishing powers to stop subsidising international fleets that use destructive methods like bottom trawling in foreign coastal waters, drastically reducing the catch of local artisanal fishers who use nets and fishing lines. Such subsidies total 27 billion dollars a year, with nearly two-thirds coming from China, Taiwan and […]

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