Saudi Will Stick to OPEC Ceiling But Will Meet all Demand Requests

Top oil producer Saudi Arabia will adhere to the 30 million barrels-a-day production ceiling maintained earlier this month by the Organization of the Petroleum Exporting Countries, but will meet any customer demand for additional crude, the country’s Oil Minister Ali al-Naimi said Friday. “There are customers that will come to every producer and ask for […]

$7/gallon for milk next year?

Forget the fiscal crisis and the automatic budget cuts. Come Jan. 1, there is a threat that milk prices could rise to $6 to $8 a gallon if Congress does not pass a new farm bill that amends farm policy dating back to the Truman presidency. Lost in the political standoff between the Obama administration […]

EPA study seen as soft on fracking

The Environmental Protection Agency released a progress report Friday that reiterated its support for increasing natural gas development in the United States. “As the administration and EPA has made clear, natural gas has a central role to play in our energy future,” the agency said in a press release. “The administration continues to work to […]

Oil-shale gas should be captured, not flared

The Bakken oil shale drilling provides immense opportunities as well as challenges for North Dakota. It’s a huge domestic energy resource and creates new jobs, wealth, tax revenues and growth. At the same time, there are enormous community costs and social disruptions, not to mention air and water pollution potentially harming human health, ecological safety, […]

Tech Talk – Iranian Potential and the Caspian disputes

As we come to the end of the year, Leanan continues to point to the many stories that now fill the media reporting on the perception that the time to worry about peak oil is over. However, as Darwinian perceptively points out the global supply of oil (crude and condensate) is not going up with […]

If Capitalism is Sociopathic, How Should We Make a Living?

[As background to this long post, I highly recommend that you read another set of long posts from Venkatesh Rao entitled The Gervais principle. I will be using terminology from his first article but summarizing a bit at the beginning of this post, so reading Rao’s isn’t strictly required.] Let’s start with a hypothesis. I […]

Iraq Daily Oil Output Exceeds 3.2 Million Barrels

Iraqi crude production will exceed 3.2 million barrels a day in December, Iraqi Oil Minister Abdul Kareem al-Luaibi said today in Cairo. That compares with output of 3.17 million barrels a day in November, according to the Organization of Petroleum Exporting Countries’ last monthly report. Iraq has risen this year to the rank of OPEC’s […]

Population boom leads World to Doomsday!

The current world population is estimated to be around 6,843,648,133. The projections made by experts indicate it will be nine billion by 2050. According to pessimists the end will be within the next two to three years. Optimists however continue to strengthen their argument with many evidences via popular media. Even with biased global media […]

Judge OKs $7.8 bil settlement against BP

A federal judge has given final approval to BP’s settlement with a bulk of businesses and individuals who lost money because of the 2010 oil spill in the Gulf of Mexico. BP PLC has estimated it will pay $7.8 billion to resolve economic and medical claims from more than 100,000 businesses and individuals hurt by […]

Why Renters Use More Electricity

Energy Star appliances are far more common in owner-occupied dwellings, data show. Why do people buy inefficient refrigerators and clothes washers when spending a little more for an efficient one would save them money over time through lower electricity or water bills? There are a variety of reasons, but one that is persistently cited is […]

First Large Solar Plants Without Subsidy Sought in Spain

The companies include Gestamp Renewables Corp. and Solaria Energia Medio Ambiente SA (SLR), which only five years ago could earn about nine times more than fossil-fuel plants under one of the world’s most generous subsidy programs. As photovoltaic-panel prices tumbled, the aid was cut several times and altogether killed in January amid criticism in Parliament […]

Naughty Is Too Nice a Word for Big Oil This Holiday Season

December is traditionally a time to reflect on the past year’s events. Looking back I see wildfires sweeping across the west, droughts plaguing our breadbasket, a first time “derecho” storm taking out east coast electricity amidst soaring temperatures, and “super-storm” Sandy devastating everything in its path. So when we tally up the naughty and nice […]

Iraq says to withold payments for Kurdish oil

Iraq will not pay oil companies operating in Kurdistan because the autonomous region has failed to export the volume of crude it pledged to, a spokesman for Hussain al-Shahristani, Iraq’s deputy prime minister for energy said on Friday. The comments ramp up a standoff between Baghdad and the region, which have been locked in a […]

Saudi Arabia’s Oil Minister Naimi Says Supply Matches Demand

Saudi Arabian Oil Minister Ali al- Naimi said demand for crude matches supply and the global market is stable. “The market is functioning well,” Naimi told reporters in Cairo before a meeting tomorrow of the Organization of Arab Petroleum Exporting Countries. “Supply is adequate. Demand matches supply. If there is extra supply it is helping […]

The Peak Oil Crisis: Chaos in the Middle East

Nearly everywhere one looks in the Middle East these days, troubles are growing and new wounds are opening that seem unlikely to heal in the foreseeable future. Now all this would be academic except that most of the world’s readily exploitable oil comes from the region. Despite the hype of “energy independence” the world’s advanced […]

Peak Philosophy: The economic contraction narrative needs facts, not theory

These days, people are maxed out on every level trying to get through life as everything gets more tedious, expensive, and uncertain. The onslaught of “glittering generalities” and opinionated political rhetoric coming from popular media and paid advertising on “both” sides is enough to make many shut off and tune out – their philosophical bandwidth […]

So Now What?

http://m0therfuck.in/__end This week: 1. Daniel McGowan is out of jail! 2. Peña Nieto learns English. 3. Early start for the end of their world 4. #IdleNoMore 5. Duraz Youth Movement 6. Michu MC 7. The Project of our lives

Nate Hagens: The end of growth

  Energy Hub, WUD Society and Politics Committee, and Madison Peak Oil Group host energy/finance expert Nate Hagens for a presentation that weaves together economics, anthropology, psychology, finance, trade, energy and human behavior into a coherent story about our human social system. In a visual synthesis using pictures and paintings instead of charts and graphs, Nate uses biophysical first […]

2012: The Year in Energy

As in most recent years, energy was constantly in the news in 2012. A post attempting to catalog every noteworthy story or event would be quite long.  However, a few big trends stand out. For starters, it’s a near-certainty that the average US gasoline price will set a new record for the second year running, in both […]

Global warming, peak oil, economic chaos

David Gear reviews “Convivial Policies for the Inevitable” by Michael Bassey which warns we may be forced to start relating to each other in long-forgotten ways, because there is no alternative. More about the title’s “convivial” policies anon. Instead, let’s begin with a 21st Century Arab proverb: My father rode a camel, I drive a […]

EPA Updates Progress on Hydraulic Fracturing Study

The U.S. Environmental Protection Agency (EPA) today provided an update on its ongoing national study currently underway to better understand any potential impacts of hydraulic fracturing on drinking water resources. Results of the study, which Congress requested EPA to complete, are expected to be released in a draft for public and peer review in 2014. […]

Grabbing at solutions: Water for the hungry first

Drip irrigation, shown here in Niger, can help save water, eventually reducing the pressure that drives water grabs. Photo: Bernard Pollack, Worldwatch Institute This piece is part of Water Grabbers: A Global Rush on Freshwater, a special National Geographic News series on how grabbing land—and water—from poor people, desperate governments, and future generations threatens global […]

Saying Goodbye to Tomorrow

Today is the last day on Earth, according to some New Age interpretation of the Mayan calendar. This belief has caused endless suffering and useless expensive purchases by people trying to “beat the clock” and find somewhere safe to spend their last few hours.  Cheap places have suddenly become outrageously expensive, because someone said “Hang […]

Preparing For Collapse: Non-Attachement, Not Detachment

There is something seemingly unfathomable to the human mind about exponential curves. As I wrote last fall: There is an old story about the invention of the chessboard, in which the inventor as his reward asks for one grain of wheat on the first square, two on the second, four on the third, and doubling […]

Why World Coal Consumption Keeps Rising; What Economists Missed

A primary reason why coal consumption is rising is because of increased international trade, starting when the World Trade Organization was formed in 1995, and greatly ramping up when China was added in December 2001. Figure 1 shows world fossil fuel extraction for the three fossil fuels. A person can see a sharp “bend” in […]

John Michael Greer: Enacting Democracy

The recovery of reason, the theme of last week’s post here on The Archdruid Report, has implications that go well past the obvious. One of the examples that comes first to mind is also directly relevant to the theme of this series of posts, and it unfolds from an experience that many people have mentioned […]

How fast is the world’s population growing?

According to estimates, more than 7 billion people live on our planet. Each day, some 200,000 new babies add to this figure, which works out to roughly 140 additional people per minute. Over an entire year, about 80 million humans are born—a number comparable to the combined populations of California, Texas and New York. Not […]

Don’t Fall for the Shale Boom Hype – Chris Martenson Interview

We are in the midst of an amazing energy boom, but by sweeping the idea of peak oil under the rug we are ignoring a significant fact: the relationship between hydrocarbon reserves and flow rates are not the same as they used to be—reserves have increased but flow rates are not as high or sustainable. […]

What Your Potential Customers Should Know About Energy Prices

Recently, the folks at Grist tipped us off to some interesting new stats from the Consumer Price Index that show how prices of various commodities in the U.S. economy have changed over the past year. We think that, for companies offering home performance and energy efficiency services, the story these numbers tell should be right up […]

Future production from U.S. shale or tight oil

I attended the American Geophysical Union meeting in San Francisco two weeks ago at which I heard a very interesting presentation by David Hughes of the Post Carbon Institute. He is more pessimistic about future production potential from U.S. shale gas and tight oil formations than some other analysts. Here I report some of the data on tight oil […]

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