Argentina Freezes Supermarket Prices To Halt Soaring Inflation; Chaos To Follow

Up until now, Argentina’s descent into a hyperinflationary basket case, with a crashing currency and loss of outside funding was relatively moderate and controlled. All this is about to change. Today, in a futile attempt to halt inflation, the government of Cristina Kirchner announced a two-month price freeze on supermarket products. The price freeze applies to every […]

How I Reached My Breaking Point Ten Years

Exactly ten years ago to the day, I was in the Kuwaiti desert waiting for George W. Bush to ‘make his decision’. You may remember the circumstances. Ever since labeling Iraq, Iran, and North Korea the ‘Axis of Evil’ in January 2002, the President had been gradually advocating war with Iraq based on the threat […]

Economies should be shaped to suit man

I cannot predict how the Age of Reunion will unfold in linear time. I do know, however, that by the end of our lifetimes, my generation will live in a world unimaginably more beautiful than the one we were born into. And it will be a world that is palpably improving year after year…Mines and […]

US DOE to move carefully on LNG export

The US Department of Energy plans to move carefully as it considers applications to export LNG to countries that do not have free trade agreements (FTAs) with the US, Christopher A. Smith, deputy assistant US energy secretary for oil and gas in DOE’s fossil energy office, said at a meeting of state utility regulators. “This […]

E.R.O.E.I.

NASA, NYSE, IRS, WYSIWYG. Just a few of the acronyms we’ve come to know and love, or hate. Perhaps not actual acronyms in all cases. For NASA we say “na-sa” which is a true acronym. The IRS is “eye are ess” and not “erz” or something. Whether or not they are true acronyms is unimportant. […]

Engage 2012 Toronto – Jeff Rubin

Jeff Rubin is one of the worlds leading energy experts, talking here at the Engage conference. December 2012

Brazilian Production Hits 2M Barrels Per Day

Brazilian state-run energy giant Petroleo Brasileiro, or Petrobras, said late Monday that domestic oil output rose for a third consecutive month in December, though it still fell short of its production target for last year. Petrobras said that domestic crude oil output rose 3.2% to 2.03 million barrels per day from 1.97 million barrels a […]

Peak Oil: Investing for the End of Cheap Oil – ASPO-USA 2012 Conference

Will Martin giving a speech at the ASPO conference.December 2012

Gasoline at Highest Price Ever for This Time of Year

U.S. drivers are now paying more to fill up their gas tanks than they ever have at this time of year. The national average price of retail gasoline posted its biggest one-day increase in 23 months on Friday, rising four cents to $3.46 a gallon, according to AAA. The average price has risen 13 cents […]

Food or ethanol? Why farmers shouldn’t give in to monocrops

This past weekend I made a trek out to central Wisconsin to speak at the state’s annual grazing conference, which typically draws farmers from all over the Midwest. This was the second time I’d been invited to join these folks, and I remembered it fondly from back in 2009, when the conference center was packed, […]

Argentina orders supermarkets to freeze all prices

Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation. The price freeze applies to every product in all of the nation’s largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The companies’ trade group, representing 70 percent of the Argentine market, […]

Kunstler: Cattle Drive

How hilarious is the Federal Reserve’s cattle drive of cash money (i.e. “liquidity”) into the stock markets? I’ll tell you: if that cash is outflow from bonds that pay ZIRP interest rates, then this attempt to stampede investment into the stock market is only going to succeed in ravaging the bond market and by extension […]

China sees 2011 resource gains, more growth by 2030

Chenglin Liu Chinese Academy of Geological Science Beijing Changbo Che Jie Zhu Fulin Yang Ministry of Land and Resources Beijing Shaoqing Wang China University of Petroleum Beijing China has begun the annual national oil and gas resources assessment after China’s National Petroleum Assessment 2007. Based on previous assessments, China’s National Petroleum Assessment 2011 has evaluated […]

The Twilight of Petroleum

In this post, Antonio Turiel examines the perspectives of oil production in light of some often neglected parameters: the energy density, the energy yield (EROEI), and realistic estimates of new discoveries. As expected, the result are far from supporting the optimism that seems to be prevalent today. The Twilight of Petroleum Original post by Antonio […]

Peak Oil’s Impact: The Gym

Oil plays an essential role in almost everything that touches our everyday lives. From the food we eat to the means by which we transport ourselves, our goods, and our services, to what we grow, build, have, own, need, and do, oil is almost always an important element. But the painful truth now and soon […]

Iran-US Talks: Path to Peace or Confidence Game?

Last March President Barack Obama told the annual meeting of the American Israel Public Affairs Committee that he would do whatever it takes to stop Iran getting a nuclear weapon. But if avoiding a new war in the Middle East means believing Iran has forsaken its pursuit of a nuke, Obama faces a problem. Over […]

IMF Confirms Chinese Yuan/Renminbi Set to Become a Global Reserve Currency

The IMF has confirmed the Yuan/Renminbi is set to become a Global Reserve Currency at an Economic Forum in Hong Kong. With China’s economy gaining global strength, the renminbi is set to become a global reserve currency, Zhu Min, deputy managing director of the International Monetary Fund, said Tuesday at an economic forum in Hong […]

Califorinia’s Vast Oil Reserve May Now Be Within Reach, and Battle Heats Up

Secure in this state’s history and mythology, the venerable Midway-Sunset oil field near here keeps producing crude more than a century after Southern California’s oil boom. Many of its bobbing pump jacks are relatively short, a telltale sign of the shallowness of the wells and the ease of extracting their prize. But away from this […]

Iraq’s flood of ‘cheap oil’ could rock world markets

The U.S. is not the only nation experiencing a renaissance in oil production. Sidelined for two decades by war, sanctions and political instability, Iraq passed a critical milestone last year by producing 3 million barrels a day of crude oil for the first time since 1990, before the Persian Gulf War, reaching 3.4 million barrels […]

“Taking Their Possessions and Some Seeds, They Had Retreated Ever Deeper Into the Forest”

When Josef Stalin instituted a campaign of purging dissidents in the 1930′s, some 17 million people were left dead or missing by the time it was all said and done. Had you been targeted for extermination during this Great Purge, your chances of survival very rapidly approached zero. Most became victims when their government classified them […]

Perhaps a Crumble Rather Than a Collapse – Part Two of Three

When discussing new ideas or concepts, or when bringing new understanding to older ideas, it is difficult to be brief because not only must the new be carefully explained, but the old must be dissected to understand what it is we think we know, but do not. So with apologies to those who are weary […]

Can Natural Gas Push Nuclear Out of Energy Market?

Rebecca Smith asked an interesting question in a recent Wall Street Journal article titled Can Gas Undo Nuclear Power? She describes how financial analysts are wondering whether or not certain nuclear plants are at risk of being shuttered as being uneconomical in an era of cheap natural gas. It is a legitimate question for people […]

Flash Point: EROEI?

This will be a short post to capture an idea that is intriguing but requires some thought. Posted on Zero Hedge by Dr. Tim Morgan of Tullet Prebon, The End Of An Era examines certain trends leading us to economic disaster. He writes: This report explains that this acceleration towards ever-greater immediacy has blinded society […]

Elevated Corn Prices Lead To Slashed Super Bowl Chicken Wing Supply

For many, chicken wings are a necessary staple of a Super Bowl Sunday diet. But getting one’s hands on the bite-sized bits may be easier said than done thanks to a spike in corn prices. According to a press release posted Tuesday on the official website of the National Chicken Council in Washington, D.C., the […]

Fracking vs. beer: Does natural gas exploration threaten America’s breweries?

You can’t make beer without clean water, but now some breweries are afraid that fracking will threaten the very water supplies they depend upon. “It’s all about the quality of the water,” Simon Thorpe, CEO of the Ommegang Brewery  in Cooperstown, N.Y., told NBC’s “Rock Center with Brian Williams” this week. “The technology surrounding fracking is […]

Saudi Arabia may lower its official crude oil selling prices

Top oil exporter Saudi Arabia may lower its official selling prices for all crude grades for its Asian buyers in March on expectations of weaker demand due to refinery maintenance and warmer weather, a Reuters survey showed on Friday. Saudi Arabia may lower the OSPs for Arab Light and Arab Medium by a dollar per […]

What’s Next for Oil Prices?

If you haven’t noticed, the energy space is rife with debate. On the topic of natural gas, some argue that the U.S. possesses a 100-year supply of natural gas, while others argue that domestic reserves have been massively overstated. In terms of American energy independence, there are those who think it’s coming by 2020, while […]

Halon gas eyed as possible cause in Pemex blast

The probe into a blast that tore the face off a building at Petroleos Mexicanos’s Mexico City headquarters and killed at least 33 people continued, with authorities saying they still don’t know what happened. Forensic, chemical and explosive experts were sifting through clues and haven’t identified the cause of the disaster at the state-owned oil […]

25 dead, 101 hurt in Mexico oil company blast

An explosion at the office headquarters of Mexico’s state-owned oil company killed 25 people and injured 101 on Thursday as it heavily damaged three floors of a building, sending hundreds into the streets and a large plume of smoke over Mexico City’s skyline. Rescuers continued to search the rubble for victims trapped in the debris […]

New U.S. Biofuel Proposals Could Draw Heavily from Food Sources

New biofuel requirements proposed by the U.S. Environmental Protection Agency (EPA) are being met with concern by a spectrum of interest groups from environmentalists to the oil industry, with some warning that a gap between the proposal and existing law could force the government to draw on food-based alternative fuels. The announcement, which opens a […]

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