‘Secret energy revolution’ could hasten end to dependence on foreign oil

A wealth of new technologies — from underwater robots to 3-D scanners to nano-engineered lubricants — are transforming the energy exploration industry in ways that will hasten the end of America’s reliance on Middle East oil. That’s the take on America’s “secret energy revolution,” according to a report in the Washington Guardian. And the proof […]

Full-Scale Construction at ITER Fusion Reactor Visible From Above …

A new aerial view of the ITER experimental fusion reactor construction site in Southern France shows ongoing construction nearly everywhere, the four-hectare electrical switchyard that is in place now, the completed Headquarters building where 500 people currently work, and more. Preparatory works have just begun for the Tokamak Complex basemat (the B2 slab) that will […]

Forget Peak Oil, We’re At Peak Everything

The idea that we’re running out of oil may have faded slightly from the list of concerns, but that’s just one of any number of precious natural resources we’re using up far too quickly. Peak oil is the concept that new discoveries of commercially exploitable oil resources do not keep pace with growing demand. By […]

Hugo Chávez Made History

In this column, Johan Galtung, rector of the TRANSCEND Peace University, writes that a few black dots should not prevent us from seeing the late Venezuelan president Hugo Chávez as a great maker of history, who lifted those at the bottom up from misery into economic wellness, political participation, cultural pride and social dignity. Galtung […]

Decommissioning to Reach New Heights in 2013

With a staggering $3 billion allocated to the Gulf of Mexico (GOM) decommissioning market over the next five years, it’s safe to say that this is currently a hot sector for the industry. This growing sector is thriving due to a late 2010 federal regulation requiring operators to plug and abandon (P&A) wells and subsequently […]

The Economist: Focus Peak oil

THE theory of peak oil, the idea that global crude production may be at or near its limit, is based on the work of M. King Hubbert, a geologist working for Shell in the 1950s. His  prediction that oil output in the lower 48 states of America would peak by around 1970 has been adopted […]

Industry to Government: Work With Us

America is rich in the oil and natural gas that run our economy and make modern living possible. Industry ingenuity and innovation launched the shale revolution and rewrote the U.S. energy narrative – turning one of scarcity and limited opportunity into one of abundance. Needed are leadership and policies to develop the resources we have, […]

Why mainstream community economic development? Because it works

Localise West Midlands (LWM) has just completed some research which we wanted to share with those interested in the  REconomy project. It is closely related to REconomy thinking, and we hope (have to hope) it has potential to increase how “reconomics” can be integrated into mainstream economic development. The UK economy is one of the […]

India set to halt Iran oil imports over insurance

India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of refiner MRPL said on Friday. India is Iran’s second-largest buyer, taking around a quarter of its oil exports worth around $1 […]

Mexico City: Was the Pemex Blast a Bomb or an Accident?

The executive skyscraper at the headquarters of Pemex—Mexico’s state-owned oil monopoly, where an explosion this January killed 37 people—is 51 stories tall, plus an elevated helipad at the top. The entire glass exterior has turned a flat metallic yellow from Mexico City’s brutal smog. I’ve lived in Mexico for more than five years, and I always […]

Fukushima Two Years Later

At about a quarter to three in the afternoon on March 11, 2011, a gigantic and unprecedented earthquake struck just over 110 miles off the coast of Fukushima Prefecture in Japan. The quake was followed, just over 40 minutes later, by the first of several rounds of tsunami, which inundated enormous areas and eradicated entire […]

The Strange Surge in US Oil Imports

On Thursday we learned that the U.S. trade deficit widened in January by a surprising 16 percent, to $44.4 billion. The $6.3 billion increase was almost entirely the result of a sudden spike in oil imports. Excluding crude, the deficit was basically flat at around $20 billion, according to Bloomberg. What makes this so odd […]

Exxon at Least 25 Years Away From Making Fuel From Algae

Exxon Mobil Corp. (XOM)’s $600 million foray into creating motor fuels from algae may not succeed for at least another 25 years because of technical hurdles, said Chairman and Chief Executive Officer Rex Tillerson. So far, scientists haven’t been able to develop a strain of algae that reproduces quickly enough and behaves in a manner […]

With natural gas so abundant and cheap, should US export it?

The natural gas boom in North Texas is sputtering, with the number of rigs working the Barnett Shale recently hitting a 10-year low. It’s an issue elsewhere, as well, as the glut of domestic energy that’s transforming America drives down the price of natural gas and makes drilling less profitable. An industry association based in […]

EROEI | the worm

A key concept in understanding where we’ve been and where we’re headed, and one which unfortunately very few people are even aware of, is the ratio of energy returned on energy invested, or EROEI. This is basically the amount of net energy you get from a particular source. When people first started poking holes in […]

Economic Collapse American Riots Will Be The Worst In The World

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U.S. Coal Consumption Down

Despite record amounts being spent to propagandize the coal industry and the ridiculous concept of “clean coal”, United States coal consumption has gone down.  Sort of. A recent report from the Energy Information Administration indicates the U.S.’s relative consumption has gone done, while the world consumption continues to rise at a nauseating rate.  This matters […]

Solar report stunner: Unsubsidized ‘Grid Parity Has Been Reached In India’, Italy–With More Countries Coming in 2014

Deutsche Bank just released new analyses concluding that global solar market will become sustainable on its own terms by the end of 2014, no longer needing subsidies to continue performing. The German-based bank said that rooftop solar is looking especially robust, and sees strong demand in solar markets in India, China, Britain, Germany, India, and […]

John Michael Greer: The Hard Road Ahead

The latest round of political theater in Washington DC over the automatic budget cuts enacted in the 2011 debt ceiling compromise—the so-called “sequester”—couldn’t have been better timed, at least as far as this blog is concerned. It’s hard to imagine better evidence, after all, that the American political process has finally lost its last fingernail […]

Is Peak Oil A Myth?

We were supposed to be close to running out of oil right now, but we have more than ever. But is that actually more dangerous than having none of it? At times, the idea of “peak oil” has been almost interchangeable with climate change. Campaigners for action on global warming have often relied on a […]

Moon mining race under way

Space exploration has long been about reaching far off destinations but now there is a race to exploit new frontiers by mining their minerals. Google has offered a $20m grand prize to the first privately-funded company to land a robot on the moon and explore the surface by moving at least 500 metres and send […]

Consuming Our Way to Prosperity is Macro Folly

A Note from Paul Solman: We first encountered John Papola via “Fear the Boom and Bust,” his stunning Keynes vs. Hayek rap, made in collaboration with old friend Russ Roberts. The rap lyrics are extremely even-handed debating the merits of Friedrich Hayek vs. John Maynard Keynes. While the Hayek character may be the less attractive […]

Railroad to make shift to natural gas locomotives

The freight railroad company BNSF made a big announcement today. It’s going to do a little experiment and switch from diesel to natural gas to power its locomotives. BNSF happens to be owned by Warren Buffett’s Berkshire Hathaway. Buffett is betting big on natural gas. If this latest natural gas play works, it could mean […]

North Korea says it will launch nuclear attack on America

NORTH Korea led by tyrant Kim Jong-Un has sensationally vowed to launch a NUCLEAR attack on the USA. The provocative statement comes weeks after the country conducted underground nuclear tests which caused a massive earthquake. A foreign ministry spokesman said: “Since the United States is about to ignite a nuclear war, we will be exercising our […]

Peak Oil: Natural Gas Truth v. “The Truth” Pt 6

This is the sixth part of a series [links below], 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 executive, […]

Kunstler: Why Our Current Way of Living Has No Future

All the sordid and spellbinding rackets working their hoodoo on the financial scene have obscured a whole other dimension of the fiasco that America finds itself in, namely the way we have arranged the logistics of everyday life on our landscape: the tragedy of suburbia. I call it a tragedy because it represents a sequence […]

30 Facts On The Coming Water Crisis That Will Change Everything

The world is rapidly running out of clean water. Some of the largest lakes and rivers on the globe are being depleted at a very frightening pace, and many of the most important underground aquifers that we depend on to irrigate our crops will soon be gone. At this point, approximately 40 percent of the […]

Canada Is Most Important Energy Partner to U.S.

Canada is the U.S.’s most important energy partner and the most responsible choice for crude imports, Joe Oliver, Canada’s natural resources minister, said today at the IHS CERAWeek conference in Houston. “Canada and the U.S. have what is arguably the closest and most important bilateral energy relationship in the world,” Oliver said. The country became […]

Peak Oil and Economic Contraction

Business as usual and the current ‘growth’ paradigm is over. WATCH IN HD For more information go to www.poaec.com Get your report card at http://poaec.com/grader

Supply Availability Key to Ensure ‘Golden Age’ of Gas

The U.S. Energy Information Administration’s forecast of a global “golden age” of gas can only be realized if sufficient natural gas supplies can be brought to market, a Chevron official told attendees at the IHS CERAWeek conference Wednesday in Houston. Natural gas has become a hot topic not only in the United States but worldwide […]

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