Former Secretary of State Henry Kissinger says there is little chance of any breakthrough in stalled Israeli-Palestinian peace talks, as President Barack Obama visits Israel next week on his first trip there since taking office. “I’m not optimistic” about reviving peace talks, in large part because of the rise of the Muslim Brotherhood and other […]
In a report published in April of 2012 by the Royal Society titled People and the Planet, the elitist UK-based society calls for massive population reduction and de-industrialization of the west. However drenched in euphemisms, the report cannot conceal its ominous undertones. Listed among its “key recommendations” the report proposes several measures similar to the […]
Authored by Richard Iley of BNP Paribas, China’s growth model, which has delivered an economic miracle over the last 30 years, is increasingly close to exhaustion. Diminishing returns are increasingly evident. A bloated investment share, fed by financial repression and the systematic mispricing of capital, is producing growing resource misallocation and soaring credit dependency. China’s […]
A massive online petition calls for Kraft to nix Yellow Dyes #5 and #6 from its Macaroni and Cheese products. Have you ever wondered how Kraft Macaroni and Cheese gets its electric orange-yellow glow? Let us introduce you to Yellow Dye #5 and Yellow Dye #6, two potentially harmful chemicals used in the North American […]
Drillers have identified using almost three times as many rivers, streams and ponds for water sources in the first two months of this year than during the same period in 2012 and all of 2011. It’s a sign that energy extraction in Ohio is progressing, but it’s also a troubling development for environmental advocates who […]
It is unfortunate that while the country is wrestling with a huge debt problem made more difficult by a lingering recession, one of our most vital job-producing industries gets continually scorned and targeted for tax increases. Why do President Obama and many of his party in Congress constantly refer to our most successful American oil […]
Energy Density, Fuels, Fossil Fuels, Power Plants
Libya’s oil and gas sector, long the lifeblood of this desert nation, has made a surprising recovery since the country’s bloody 2011 revolution. Thanks to concerted efforts by the national oil company — and those of major foreign firms that have retained a leading role in Libya’s oil fields for decades — the country’s oil […]
With the media is awash in stories telling us how much oil is being discovered around the world, there is one word which the optimists quoted in these stories refuse to utter: Depletion. The simple fact is that depletion never sleeps. It starts as soon as a well begins production and goes on 24 hours […]
China appears to be at a tipping point where surging domestic auto sales will soon drive it past the U.S. and turn it into the world’s biggest oil importer, taking a title that distinguished — and some might say hobbled — the U.S. for decades. China already has drawn even with the U.S. on oil […]
When you get into too much debt, eventually really bad things start to happen. This is a very painful lesson that southern Europe is learning right now, and it is a lesson that the United States will soon learn as well. It simply is not possible to live way beyond your means forever. You can […]
The Obama administration has imposed sanctions on Iranian companies it says provide insurance services to the country’s main petroleum shipper, part of the latest U.S. effort to choke funding to the Iran’s disputed nuclear program. The U.S. State Department said on Thursday it had imposed sanctions on Kish Protection and Indemnity Club, known as Kish […]
Members of the U.S. military who were tasked with helping Japan with the clean-up and recovery from its 2011 nuclear power leak are now suing, claiming the company lied and downplayed dangers. The case, which was initially filed with nine plaintiffs in December, has expanded to include 26 — and 100 more are expected to […]
Most environmentalists are in no doubt. The new technology of fracking to extract shale gas from the rocks beneath our homes is both a nasty neighbour and a sure recipe for climate Armageddon. Not only that, fracking was pioneered in the US, the gas-guzzling land of climate sceptics. Fracking, or hydraulic fracturing, uses high-pressure water […]
President Obama plans to announce Friday that he will ask Congress to create an energy security trust to fund research into alternatives to gasoline, according to senior White House officials. The $2-billion fund to be disbursed over 10 years would come from increased revenue the administration expects from streamlining the permitting process for drilling, and from […]
When my information changes, I alter my conclusions,’ said the economist John Maynard Keynes. If only we were all as sensible as Keynes. Instead, humans are dangerously slow to react to new information. Despite a century of accumulated evidence for anthropological climate change, we remain depressingly far away from the sort of global coordinated action […]
BP PLC can bid in Wednesday’s Gulf of Mexico oil lease sale but won’t be granted a contract if a suspension from obtaining new contracts with the federal government is still in force at the time of the award, the U.S. Department of the Interior said. The notice from the U.S. DoI Thursday highlights how […]
According to Bloomberg, “The U.S. expanded its oil production this year by the most since the first commercial well was drilled in 1859, upending a belief that Americans were increasingly hooked on foreign crude.” Further, “Domestic output grew by a record 766,000 barrels a day to the highest level in 15 years, government data show, […]
Five years ago, almost to the day, I debunked the widespread national coverage at the time announcing that the world had hit Peak Oil and that crude production was already falling, and therefore oil prices were skyrocketing. Doing so meant flying in the most visible face of the Peak Oil crowd for the previous few […]
Japan announced Tuesday that researchers had succesfully produced natural gas from offshore methane hydrates, a breakthrough with potentially explosive consequences for both global energy markets and the effort to tackle climate change. The Japanese Ministry of Economy Trade and Industry announced that a team aboard a drilling ship pearched above the Eastern Nankai Trough had extracted the gas […]
Economist Jeff Rubin and environmentalist David Suzuki might seem an unlikely pairing. But they’ve been touring Canada together, talking about the natural limits to growth from their very different perspectives. We listen in as they try to convince a Calgary audience that we’ve already exceeded the capacity of the planet. Jeff Rubin is a former […]
Catastrophic nuclear accidents, like Chernobyl in 1986 or Fukushima No. 1 in 2011, are very rare, we’re incessantly told, and their probability of occurring infinitesimal. But when they do occur, they get costly. So costly that the French government, when it came up with cost estimates, kept them secret. But now the report was leaked […]
Gazprom is working on technical parameters of a pipeline to deliver natural gas to the Chinese market, company Chairman Alexei Miller said. Miller led a delegation to Beijing to meet the board of directors at the China National Petroleum Corp. “Special focus was laid on key commercial and technical parameters of pipeline gas supplies to […]
The world’s 132 developing nations, largely part of the global South, are ascending at a pace “unprecedented in its speed and scale”, according to the latest Human Development Report (HDR) released Thursday by the U.N. Development Programme (UNDP). Khalid Malik. Photo Courtesy of UNDP And “never in history have the living conditions and prospects of […]
An analyst says Saudi Arabia and Qatar are fomenting war, terrorism and division in countries with Shia governments. In the background of this bomb blasts have killed over two dozen people in Baghdad with scores more injured. No group or individual has claimed responsibility for these attacks. Press TV has interviewed Zayd al-Isa, political commentator, […]
President Obama, who takes dictation from Bilderberg, has done an about-face. After having been critical of Israel’s expansionist wars in the past, he is visiting Israel for the first time March 20 to grovel apologies. “This trip is a signal that the president has an interest in . . . the broader concerns that Israel […]
Planned natural gas pipelines from the United States to Mexico could double the amount of U.S. gas exports south by 2014, the U.S. Energy Department said. The Energy Department’s Energy Information Administration said several pipeline projects planned to Mexico could add 3.5 billion cubic feet per day, double the current capacity, by 2014 if they […]
The United States is expected to lead the pack among non-OPEC members in terms of oil supply growth for 2013. That’s the assessment from this month’s market report from the Vienna-based cartel. OPEC said it projected U.S. oil supply growth of around 600,000 barrels per day in 2013, with most of that coming out of […]
It is important to discuss alternatives before the Status Quo devolves and collapses, so we have an intellectual framework to guide healthier, more sustainable alternatives once the current system implodes. Two of the key characteristics of an empire in terminal decline are complacency and intellectual sclerosis, what I have termed a failure of imagination. (The […]
Spain, which imports about 99 percent of its natural gas, has enough prospective resources of the fuel to satisfy current demand for 70 years if shale is developed, according to a trade group for oil and gas companies. In what it called the most comprehensive study to date, the association said today in Madrid that […]
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