Peak Oil: Gas Prices Increasing in China First Time Since November

Gas prices increasing in China! 26 Febuary 2013

Peak Oil: IEA Says High Oil Prices `Major’ Threat to Europe

The IEAs Fatih Birol discussing the implications of high oil prices. 18 Febuary 2013

Peak Oil: Half the Story

An observation worth noting … and pondering, from Andrew McKay. There is no alternative to oil that can be as easily extracted, transported, stored and used as oil.  There is no alternative to oil that will let us continue our lifestyles unaffected. To misunderstand this critical point is to misunderstand the predicament that peak oil […]

Will Colombia Become Latin America’s Poster Child for Peak Oil

The two most hotly debated scientific concepts associated with energy are “global warming” and “peak oil,” both with myriad proponents and detractors around the world. In the latter case however, what is indisputable is that the last several decades have seen major fields in significant oil exporting nations decline. From Saudi Arabia’s Ghawar superfield through […]

Lower highs: The real trajectory of U.S. oil production

The way the oil industry is touting gains in U.S. crude production, you would think that production is soaring to new all-time highs. But the facts say otherwise. Below is a monthly plot of U.S. crude oil production through December 2012. U.S. production remains well below the peak achieved in 1970 and below a secondary […]

As We Near the 10th Anniversary of the Iraq War

Here is something other than The Sequester to think about at the beginning of March: This month marks ten years since the U.S. launched its invasion of Iraq. In my view this was the biggest strategic error by the United States since at least the end of World War II and perhaps over a much […]

Keystone XL: State Dept. Finds No Significant Environmental Impacts

The Keystone XL pipeline now is four-for-four – that is, four environmental impact assessments by the State Department and four findings that the project wouldn’t have significant impacts. From State’s draft Supplementary Environmental Impact Statement (SEIS) released Friday: The analyses of potential impacts associated with construction and normal operation of the proposed Project suggest that […]

Tech Talk – a Russian update and the OPEC MOMR

The Arctic is a less forgiving place than many folk care to recognize. Shell have just moved back the date on which they plan to restart drilling in the Chukchi Sea and won’t be going up there this year. At the same time, last August, Gazprom announced that the development of the Shtokman gas field […]

US Now Leads in Energy Waste

The United States has taken the lead yet again, but this time, we may not be so proud.  We have surpassed every nation, including China, in the category of energy waste.  Yes, our country wastes the most energy in the world.  The U.S. has an energy efficiency of 42 percent, which means 58 percent of […]

SE4ALL for global population

Nearly 40 per cent of the world’s population – rely on wood, coal, charcoal, or animal waste to cook their food – breathing in toxic smoke that causes lung disease and kills nearly two million people a year, most of them women and children. Without access to modern energy, it is not possible to achieve […]

Americans see biggest monthly income drop in 20 years

Feeling poorer? Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years. Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That’s the most dramatic decline since January 1993, according to the Commerce Department. It’s […]

China Central Bank Says It Is “Fully Prepared For Looming Currency War”

Just in case Lagarde (and everyone else except for the Germans, who have a very unpleasant habit of telling the truth), was lying about that whole “no currency war” thing, China is already one step ahead and is fully prepared to roll out its own FX army. According to China Times, “China is fully prepared […]

Energy and the Federal Budget Sequester

Barring a last-second deal to avert it, the federal government’s budget will be cut today by $85 billion for the current fiscal year, which ends in September.  These cuts will be applied across the board to every cabinet department and agency of the federal government, though at different rates for defense and non-defense activities, and with […]

Germany Debates Fracking as Energy Costs Rise

Germany is debating whether to allow hydraulic fracturing, a controversial drilling technique to extract natural gas from shale, amid growing concern that rising energy costs in the country could threaten its industrial backbone. The German public is deeply suspicious of the drilling practice, commonly known as fracking. Many Germans worry that the process, which involves […]

Chris Martenson talks to the students at Ecotech Institute

Chris Martenson explaining the implications of peak oil in a very articulate way.   good interview Febuary 19 2013

Michael Ruppert on Dorner, Peak Oil and more

Michael Ruppert let’s fly with both barrels as he speaks on Peak Oil, who the media are serving, and the truth behind Pat Tilman and Christopher Dorner. Ruppert’s candor is so strong that it is clear to see why he has been persecuted for his journalism, and he also shows why he is resilient enough […]

What happens when America doesn’t need Canada’s oil?

When Alison Redford was forced to admit last month that her province was running short of cash due to low oil prices, it was frightening for Alberta and worrisome for the entire nation. For the past decade, Canada has thrived on the good fortunes of the oil and gas industry, but those times, Redford made […]

Shell Suspends Arctic Drilling for 2013

The troubles that roiled Shell’s rig, the Kulluk, off the coast of Alaska this past winter will reverberate through the summer; the oil company announced it would not seek to drill in U.S. Arctic waters in 2013. (Related: “In Kulluk’s Wake, Deeper Debate Roils on Arctic Drilling“) “We’ve made progress in Alaska, but this is […]

Shale Gas and Tight Oil: Boom? Bust? Or Just a Petering Out?

The oil and gas industry promises “a few days of fracking” for “decades of … production.” But is it true? Believe it or not, some people don’t buy the fracking boom story. Some predict bust. Others, more of a petering out. What gives? Let’s begin with a story about a lunch. Lunch with a Skeptic In […]

U.S. May Swap Light Oil for Heavy Mexican Crude

The U.S. might consider exporting light, sweet crude to Mexico in a swap for heavy crude, Adam Sieminski, administrator of the U.S. Energy Information Administration, said today at a conference in Houston. Mexico produces mostly heavy crude while its refineries are set up to run light, sweet oil, Sieminski said. Many U.S. Gulf Coast refiners […]

Peak Oil, The Shale Boom and our Energy Future: Interview with Dave Summers

This where we stand, and it’s a fairly bleak view: Peak oil is almost here, and nothing new (with the possible but unlikely exception of Iraq) is coming online anytime soon and while the clock is ticking – forward movement on developing renewable energy resources has been sadly inadequate. In the meantime, the idea that […]

Energy 2025: Independence Day

North America’s production is surpassing the nation’s current existing infrastructure, creating a bottleneck effect, discussed Edward Morse, managing director and global head of commodity research at Citi Group, at Platts 2nd Annual North American Crude Marketing Conference. A panel of industry leaders discussed the U.S. crude movement, shale oil supply growth prospects for North America […]

Nuclear Fusion in Five Years?

Lockhead Martin’s Skunk Works is famous for developing advanced technologies. Now Skunk Works Program Manager Charles Chase has outlined their plan for creating a 100 MW Fusion prototype by 2017. For the last 50 years nuclear fusion has been viewed as the future of power production. With an energy density that’s six orders of magnitude […]

Reaching Debt Limits

If an economy is growing, it is easy to add debt. The additional growth in future years provides money both to pay back the debt and to cover the additional interest. Promotions are common and layoffs are few, so a debt such as a mortgage can easily be repaid. Figure 1. Author’s image of an […]

New Method Could Cheaply Convert Natural Gas to Chemicals

A ceramic membrane could unlock the potential of methane-conversion catalysts and help make use of natural gas that currently goes to waste. High-performance ceramic membranes from the R&D company Ceramatec could lead to a cheaper way to convert natural gas into benzene, a liquid that can be used to make a wide variety of chemicals […]

China’s Growing Methanol Economy

Could methanol be the feasible path toward replacing petroleum-based fuels? Balancing dependence on Middle East oil against increasing fuel demand continues to challenge China in its ongoing urbanization and industrialization. In an effort to adapt to such limitations, China has increased production capacity and consumption of methanol. In less than a decade, methanol use in […]

Redefining Growth

I thought maybe I coined a new word recently: physophilia, meaning love of growth. It describes the — at times irrational – preoccupation with and addiction to economic growth that possesses politicians and many economists. This misplaced attachment has already been the focus of several EcoOptimism posts, especially here and here. (While we’re not physophiles, I guess you’d […]

California gas prices peak; pump pain changes U.S. driving habits

California gasoline prices may have already peaked for the first half of the year and should head lower soon, analysts said. Meanwhile, nationwide gasoline price averages over the first two months of the year rose at such a blistering rate that Americans were on pace to pay half a trillion dollars on gasoline in 2013 […]

Iraq Begins Design of $18B Oil Pipeline to Jordan

Oil-rich Iraq has started technical work on a planned $18 billion oil-export pipeline from Basra in southern Iraq to the Jordanian port of Aqaba on the Red Sea, bypassing the Strait of Hormuz, senior Iraqi oil officials said Thursday. If realized, the pipeline would deliver a significant export outlet for Iraq’s growing crude-oil production, which […]

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