The real reason the economy is broken (and will stay that way)

We are far enough and deep enough into the most heroic monetary and fiscal efforts ever undertaken to finally ask, why aren’t these measures working? Or at least we should be.  Oddly, many in DC, on Wall Street, and the Federal Reserve continue to steadfastly refuse to include anything in their approaches and frameworks other […]

Meteorite hits central Russia, more than 500 people hurt

More than 500 people were injured when a meteorite shot across the sky and exploded over central Russia on Friday, sending fireballs crashing to Earth, shattering windows and damaging buildings. People heading to work in Chelyabinsk heard what sounded like an explosion, saw a bright light and then felt a shockwave according to a Reuters […]

Peak Oil: Natural Gas Truth v. “The Truth” Pt 3

This is the third part of a series [here and here], discussing how the same “skate past the facts and hope no one notices” strategy typically employed by most Peak Oil deniers is not-so-surprisingly used by those cheerleading for shale gas development. What triggered this is a March 2012 article written by a Chevron Corporation […]

Germany, Spain Set To Pull The Plug On Green Energy

Over ten years ago, when Europe was a bright and shining example of experimental monetarist “brilliance”, and when the money was flowing, the continent decided to do the ethical thing and actively promote the pursuit and development of renewable energy through countless government subsidies. As a result, Germany and Spain became the undisputed leaders in […]

NASA Develops Aircraft that Uses 50 Percent Less Fuel

It seems like new, innovative technologies to reduce our carbon footprint are always 10 years away.  It’s hard to imagine there won’t be another amazing technology just around the corner.  In this case, NASA has developed a manufacturing method for wing-shaped aircraft.  When combined with an uber-efficient jet engine called an “ultra-high bypass ratio engine”, […]

On Energy, Oil and Natural Gas – Time to Follow Through

President Obama’s State of the Union message clearly indicated he understands the role domestic oil and natural gas development can play in creating jobs and lifting the economy. Now, will he act? Will he do things to help foster an array of benefits the oil and natural gas industry can provide our country? Let’s go […]

Tom Whipple – Peak Oil and the Media

Tom Whipple – CIA Analyst (Ret.); Editor, Peak Oil Review, Peak Oil News 2007 Peak Oil Conference – Houston, We Have an Opportunity Houston, TX, October 17-20 Association for the Study of Peak Oil & Gas USA See all ASPO-USA conference videos at tv.aspousa.org

George Baker – Peak Oil in Mexico Outlook to 2015

George Baker – Publisher, Mexico Energy Intelligence 2007 Peak Oil Conference – Houston, We Have an Opportunity Houston, TX, October 17-20 Association for the Study of Peak Oil & Gas USA See all ASPO-USA conference videos at tv.aspousa.org

Rationales for Different Perspectives on Peak Oil – An Informed Dialogue

Richard Nehring – President, Nehring Associates Jeremy Gilbert – Managing Director, Barrelmore Ltd.; Former Chief Petroleum Engineer, BP Mark Gaffigan – Government Accountability Office (GAO) Mariano Gurfinkel – The University of Texas Randy Udall – President, ASPO-USA Roger Bezdek – President, Management Information Services Inc.; Co-Author, “the Hirsch Report” Moderator: Robert Hirsch – Senior Energy […]

OPEC to Trim Supply Amid Saudi Output Cuts

The Organization of Petroleum Exporting Countries will cut crude shipments by 0.9 percent this month amid lower production by Saudi Arabia, according to tanker tracker Oil Movements. The group that supplies about 40 percent of the world’s oil will export 23.51 million barrels a day in the four weeks to March 2, down 220,000 a […]

Fracking in New York? Not for another year, if ever

Gov. Cuomo delays fracking decision again * Legal battles still to be fought * Permits could be delayed until 2014 The fracking debate in New York state is hitting new heights as regulators delay a final decision on the controversial natural gas production method, but it looks increasingly clear that it will be a year […]

The Connection of Depressed Wages to High Oil Prices and Limits to Growth

In my view, wages are the backbone an economy. If workers have difficulty finding a job, or have difficulty earning sufficient wages, the lack of wages will be a problem, not just for the workers, but for governments and businesses. Governments will have a hard time collecting enough taxes, and businesses will have a hard […]

How to create a successful mindset in challenging times

Two people lose their job – one of them feels depressed and hopeless, but the other one finds opportunity within the situation. Changes are inevitable. Sometimes we’re faced with difficult moments in our life – but the key is to find a way out. Better yet, how do we take lousy circumstances and turn them […]

Fukushima disaster panel so far reports on thyroid cancer

A Fukushima Prefectural Government panel said Wednesday that two people who were 18 or younger when the triple-meltdown crisis started at the Fukushima No. 1 atomic complex in March 2011 have been diagnosed with thyroid cancer, bringing the total cases to three. Reporting at a meeting on the health impact from the catastrophe, professor Shinichi […]

Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

Will oil soon be traded in a currency that is thousands of years old?  What would a “gold for oil” system mean for the petrodollar and the U.S. economy?  Are Russia and China hoarding massive amounts of gold because they plan to kill the petrodollar?  Since the 1970s, the U.S. dollar has been the currency […]

John Michael Greer: Skin In The Game

The old-fashioned school districts that provided me with a convenient example in last week’s post here on The Archdruid Report represent a mode of politics that nobody, but nobody, talks about in today’s America.  Across the whole landscape of our contemporary political life, with remarkably few exceptions, when people talk about the relationship between the […]

Shale Oil Production Could Hit 14M Barrels per Day by 2035

Global shale oil production has the potential to reach up to 14 million barrels per day by 2035, or 12 percent of the world’s total oil supply, according to a new report from accountants PwC released Thursday. PwC’s report – ‘Shale oil: the next energy revolution’ – stated that the firm estimates the increase could […]

Top Economic Advisers Forecast War and Unrest

Kyle Bass, Larry Edelson, Charles Nenner, James Dines, Nouriel Roubini, Jim Rogers, Marc Faber and Jim Rickards Warn or War We’re already at war in numerous countries all over the world. But top economic advisers warn that economic factors could lead to a new world war. Kyle Bass writes: Trillions of dollars of debts will […]

EIA forecasts 90.2 million b/d of liquid fuels consumption this year

Worldwide liquid fuels consumption is expected to reach 90.2 million b/d this year and 91.6 million b/d in 2014, according to the latest Short-Term Energy Outlook (STEO) from the US Energy Information Administration. Projected OECD liquid fuels consumption will further decline by 300,000 b/d in 2013 and in 2004, OECD consumption will remain flat with […]

Rob Hopkins: How tough is your skin?

As Transition groups deepen their work and begin to have a tangible impact, it is, perhaps, inevitable that those who disagree may express their opinions with vigour.  Over the last few months it has been my own personal experience to be on the receiving end of this in Totnes, and I have to say it […]

EROEI and the New Materialism

Bo Eberle wrote a review of the New Materialism that I recommend.  I’ve been meaning to write more on this fantastic book for months, so that’s finally on the way over the next few weeks. ———————————- EROEI- energy return on energy investment- was one of the simplest and yet most eye-opening concepts introduced to me […]

Russia plans $25-$30 billion oil-for-loans deal with China

Rosneft is seeking to borrow up to $30 billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe. Four industry sources familiar with the situation told Reuters that Rosneft was in talks with Chinese state firm CNPC about the borrowing, […]

Who Will Win The Currency Wars?

s debate about potential currency wars heats up, commentators including myself have called out the likely losers, the Japanese yen and South Korean won being high on most lists. Much less discussed has been which countries will win from the currency wars. After all, the currency market is a zero-sum game – as one currency […]

Fracking for yellowcake

It works for oil and natural gas, so why not frack for uranium too? After all, America relies on foreign uranium just like it depends on foreign oil. In the U.S. these days, it seems like you can sell almost anything if you spin it as part of the pursuit of energy independence. Enter Uranium […]

Saudi Arabia to Build Biggest Desalination Plant

Saline Water Conversion Corp. plans to build the world’s largest water desalination plant in Rabigh on Saudi Arabia’s Red Sea coast, the state-owned Saudi Press Agency reported, citing SWCC without disclosing costs. The plant being developing by the Saudi government agency responsible for making seawater potable in the desert kingdom will have the capacity to […]

Businesses React To Petrol Price Report After OFT Find Fuel Prices Are Fair

sky news uk report on petrol prices going higher!!. January 2013

Statoil to build Arctic oil terminal

Norwegian energy company Statoil ASA says it plans to build a new oil terminal on the country’s Arctic coast to process oil from a recent discovery in the Barents Sea. Statoil chose a development concept Tuesday that envisions transporting oil from the Skrugard field, which is expected to come on stream in 2018, through a […]

Not The Future We Ordered: Peak Oil, Psychology, and the Myth of Progress

[This just-released book will be available for purchase in stores and online very soon.]   If you visit John Michael Greer’s Amazon Page you are likely to be incredulous when you discover how many books he has written, and you’ll soon discover that collecting all of his articles online is nearly an impossible task. A […]

OPEC Boosts Estimated Demand for Its Own Crude Oil

OPEC raised forecasts for the amount of crude it will need to supply this year because of stronger fuel demand in emerging economies. The Organization of Petroleum Exporting Countries will have to provide an average of 29.8 million barrels a day in 2013, or 100,000 a day more than it estimated a month ago. The […]

Bring Transition Town-style Sharing to your Community

Inspired by the idea of building resilience around local, grassroots economies in response to peak oil and climate change, the transition movement has evolved into a global network of cities, towns, and neighborhoods that self-organize around the principles not only of reducing CO2 emissions but doing it by fostering happy, healthy, and creative communities. Connie […]

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