China’s congress reveals ‘an elite from another planet’

Beneath the glowing red star, and in front of a giant hammer and sickle, China’s Communist party delegates gathered on Thursday to begin handing over control of the country that is home to a fifth of the world’s population. On Tuesday US citizens re-elected Barack Obama after a tightly fought contest. Now the world’s second […]

OPEC acknowledges shale oil supply may be significant

OPEC acknowledged for the first time on Thursday that technology for extracting oil and gas from shale is changing the global supply picture significantly, and said demand for crude will rise more slowly than it had previously expected. In its annual World Oil Outlook, OPEC cut its forecast of global oil demand to 2016 due […]

Iranian jets fire on U.S. drone

Two Iranian Su-25 fighter jets fired on an unarmed U.S. Air Force Predator drone in the Persian Gulf last week, CNN has learned. The incident raises fresh concerns within the Obama administration about Iranian military aggression in crucial Gulf oil shipping lanes. The drone was in international airspace east of Kuwait, U.S. officials said, adding […]

Sandy Gas Crisis Could Last for Weeks

Significant damage to northern New Jersey petroleum distribution facilities — including the region’s largest refinery — could keeps lines long at the gasoline pumps for weeks, NBC 4 New York’s I-Team has learned. Scarce Gas Leads to Long Lines at the Pump When Sandy came ashore last week, the Bayway Refinery in Linden, N.J. took […]

Qatar and UAE look to bolster defence systems

Countries request sale of up to $7.6bn in Lockheed Martin Corp missile-defence systems to counter perceived threats. Qatar and the United Arab Emirates have requested the sale of up to $7.6bn in Lockheed Martin Corp missile-defence systems to counter perceived threats and lower their dependence on US forces, the Pentagon announced. The Defence Security Cooperation […]

US Energy Independence Can Be Created

US Energy Independence Can Be Created Written by Paul Stinson The US government can create an appropriate level of energy independence by causing up to four million barrels per day of additional transportation and heating fuels to be produced from North American energy sources by auctioning long-term financial hedges (Contracts for Difference) to firms offering […]

Brazil to distribute oil revenues more evenly

Brazil’s House of Representatives has approved a controversial proposal to share profits from the country’s growing oil production sector more evenly between petro-producing states and those with little or no production. The bill, approved late Tuesday, increases royalties oil companies operating here will have to pay the government from 10 percent to 15 percent of […]

Full Fledged Global Recession More Likely

Germany’s industrial output dropped 1.8pc in September and orders fell 3.3pc, far worse than expected. Spanish industrial output fell 7pc. Annalisa Piazza from Newedge said it was a shocking upset and implies that Germany may be in recession already. The International Monetary Fund has warned that a fiscal shock of this scale [a US “fiscal […]

John Michael Greer: The Post-American Future

One of the things I’ve learned repeatedly over six and a half years of writing Archdruid Report posts is that it’s a waste of time to try to predict which posts will appeal to my readers and which ones won’t. Last month’s narrative is a case in point. My original plan was to devote one […]

Update on coal

This a guest post by Jean Laherrère, retired geologist from TOTAL and key founding member of ASPO; in recent years he has been a prolific contributor to this website. In this post Jean updates his model of future world Coal extraction and puts it in perspective within his fossil fuel model. In 2007 the world […]

Peak Oil Postponed? – Kjell Aleklett

Professor Kjell Aleklett speaks of the Peak Oil phenomenon at a seminar arranged by think tank Global Challenge in Stockholm

Iraq official: Exxon Mobil wants out

U.S. oil giant Exxon Mobil Corp. has expressed an interest in pulling out of a major oil field development project in the country’s south, a senior Iraqi oil ministry official said Wednesday. The comments by the ministry’s licensing and contracts chief, Abdul-Mahdi al-Ameedi, were the first official acknowledgement of reports that Exxon wants to exit […]

Global Reactions to Obama Re-Election

Europeans Remain Wary of Policies The London-based Reuters news agency pointed out that energy companies will likely see more regulation in President Obama’s second term, with less access to Federal lands and water even as the administration promotes energy independence. Although during his re-election campaign the President pledged to cut oil imports by half by […]

Expecting the Unexpected

“As we settle in now for another four years with President Obama and, probably, very little action on climate change, peak everything, or crucial preparations of an oblivious human population for a very different future than most expect, we can only wonder whether the hurricane that struck New York and the East Coast this past […]

Financial Issues Affecting Energy Security

Last week, I gave a talk called Financial Issues Affecting Energy Security at the Advances in Energy Studies conference in Mumbai, India. The general topic of the conference was, “Energy Security and Development-The Changing Global Context.” As I look at the situation, it seems to me that many of the crises around the world are […]

For Champions of Degrowth, Less Is Much More

The concept of degrowth is not a very comfortable one in overdeveloped countries such as the United States. But with the planet’s resources stretched to the limit, many argue that an action plan is needed to prevent the world’s largest economy from getting any bigger, especially with the global population projected to grow by another […]

DOE: natural gas price to increase

The U.S. Energy Department boosted its outlook for 2012 natural gas prices Tuesday and lowered its forecast for production. Gas at the benchmark Henry Hub in Erath, La., will average $2.77 per million British thermal units, up from the previous estimate of $2.71, the Energy Department said in its monthly Short-Term Energy Outlook. Marketed gas […]

Tepco May Seek More Government Funds for Fukushima Clean-Up Cost

Tokyo Electric Power Co. may ask the government for more funds to cover decontamination and reactor decommissioning costs from last year’s nuclear disaster at its Fukushima Dai-Ichi atomic plant. The utility known as Tepco estimates it may cost about 10 trillion yen ($125 billion) to decontaminate areas around the plant, the Mainichi newspaper reported, citing […]

Americans hand Obama a second term, challenges await

President Barack Obama won a second term in the White House on Tuesday, overcoming deep doubts among voters about his handling of the U.S. economy to score a clear victory over Republican challenger Mitt Romney. Americans chose to stick with a divided government in Washington, by keeping the Democratic incumbent in the White House and […]

Leonardo Maugeri: The Coming Oil Glut

The price of oil continues to be set by fear, not by supply and demand. World-wide oil production is growing quickly. By the end of the year, it will probably surpass 92 million barrels per day, with additional spare capacity of more than 3.5 million barrels. Thanks to the shale oil revolution, U.S. crude production […]

Alberta has huge shale oil, gas resources

* Duvernay, Montney, Muskwa among major formations * Oil majors are amassing lands to unlock reserves * Technology, economics will determine what gets produced By Jeffrey Jones CALGARY, Alberta, Nov 6 (Reuters) – A new study has identified immense oil and gas resources in Alberta’s emerging shale prospects, suggesting a string of recent takeovers and […]

Global population growth leading to ‘golden age of agriculture’

America is on the verge of a “golden age of agriculture,” Louisiana Agriculture and Forestry Commissioner Mike Strain says. Strain spoke to members of the Central Louisiana Chamber of Commerce on Monday in Alexandria. His message: Demand for quality agricultural products worldwide is going to explode in the coming decades. A fast-growing global population and […]

Out of Oil Apocalypse

This is a Docudramatic scenario running out of oil would have on the public. In this day and age, I am surprised this has not been shown again. I do not own the rights to this film and is for fair use. I put a lot of car docs on my channel, but I am […]

Smart and Sustainable Buildings

Buildings consume significant amounts of energy. The Energy Information Administration (EIA) in the Department of Energy (DOE) reported that buildings accounted for 72 percent of total U.S. electricity consumption in 2006 and this number will rise to 75% by 2025.  This is split almost 50/50 between commercial and residential buildings. Pre-recession, the ratio of new […]

From Sudan to cyber, secret war with Iran heats up

From a suspected Israeli airstrike in Sudan to cyber warfare in the Gulf and a drone shot down over Israel, the largely hidden war between Iran and its foes seems heating up and spreading. Despite months of speculation, most experts and governments believe the risk of a direct Israeli strike on Tehran’s nuclear program stirring […]

Attack of the Bakken Strippers

Dirty, low-output strippers. Oil companies racing to pump dinosaur sauce out of shale reserves are spending millions (that’s a lot of singles!) to defeat them. The inevitable fate of oil wells is easy to overlook in the early stages of a domestic oil production renaissance, but all investors should familiarize themselves with strippers. According to […]

Israeli PM Netanyahu ‘ready’ to order strike on Iran

The Israeli Prime Minister, Benjamin Netanyahu, has said he is ready to order a strike on Iran if international sanctions do not stop its nuclear programme. “I am, of course, ready to press the button if necessary,” he said. Speaking on Israeli television, Mr Netanyahu also indicated Israel was prepared to act unilaterally. His government […]

“As Important as Food and Water”

When Hurricane Sandy was forecast to make landfall on the East Coast, I advised people to top off their automobiles with fuel. There were a number of reasons for that, and some people in New York and New Jersey are learning those reasons the hard way. When a hurricane hits an area, it can damage […]

A new Study on Integration of Renewables in Germany

DENA[1] published its first grid study in 2005 and a second grid study in 2010. The first report stressed the vulnerability of the power grid by demonstrating that UCTE’s European security rules for electricity transmission grids were violated already in 2003. The energy turnaround in 2011 (“die Energiewende”) has eroded the validity of the first […]

Kuwaiti security forces use tear gas at rally

Police try to disperse thousands of protesters outside the capital calling for the repeal of new electoral law. Kuwaiti riot police have used stun grenades, tear gas and smoke bombs against thousands of demonstrators who blocked a major road south of the capital. Thousands of opposition supporters planned a rally to protest against a new […]

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