Do We Have Enough Natural Gas?

While we are currently experiencing a glut of natural gas that has brought the price down from around $13 to around $3 per million BTUs, there are questions as to how long our natural gas supplies will last. The debate that has caught people’s attention is over whether we should export natural gas, as LNG […]

Tech Talk – Shell Looks to the Future

Each year the larger oil production companies provide their views of the future, and I recently reviewed that for ExxonMobil. Shell has now produced their projections, though in a somewhat different format as the document “New Lens Scenarios”, which deals with future projections as a set of differing options. That does not make these views […]

We Are Not Headed For A Disaster Of Biblical Proportions

Last year, Henry Blodget posted part of an epic doomsday letter by legendary investor Jeremy Grantham arguing that, as he put it, “We’re Headed for a Disaster of Biblical Proportions”. Now, nothing speaks to me like data. I’m a numbers person myself. So I appreciated the many graphs and long term data series Grantham’s argument are based […]

Peak oil isn’t dead: An interview with Chris Nelder

Warnings about “peak oil” have been with us since the OPEC crisis in the 1970s. At some point, the experts said, the world would hit a limit on how much oil could be extracted from the ground. Production would then drop, prices would soar, chaos would ensue. But after a worrisome series of price spikes […]

3D Printing & Peak Oil

How will the revolutionary technology of 3D printing help us rise to the future challenge of Peak Oil? In this video futurist Christopher Barnatt explains. For more information on 3D printing, see http://www.explainingthefuture.com/3d…, or visit the ExplainingTheFuture YouTube channel at http://www.youtube.com/explainingthef… For more information on the Filabot plastic reclaimer, see http://filabot.com For more information on […]

Oil Price Is Getting Whacked

Oil is taking a beating this morning, along with other commodities like gold and silver. It’s been on a steady downtrend since yesterday, but the selling has really accelerated this morning amid several U.S. economic data releases that missed economists’ consensus estimates. Most notably, retail sales unexpectedly contracted in March, and consumer confidence plummeted as […]

Natural gas: A new duel in the Middle East

It is as if the countries of the old and the new Greater Middle East are living in peace and harmony and are not missing anything except to jump over history toward a happier and prosperous future. All of a sudden a divine reward surfaced. Natural gas has been discovered in the east of the […]

DOE finalizing plans to dump man-made uranium in Nevada

A Department of Energy plan to drag hundreds of canisters of radioactive nuclear material into the Nevada desert for a “shallow land burial” is raising safety concerns as experts worry what could happen if the security of the bomb-making material were compromised. Energy officials told FoxNews.com the department is preparing to ship 403 welded steel […]

11 Economic Crashes That Are Happening Right Now

The stock market is not crashing yet, but there are lots of other market crashes happening in the financial world right now.  Just like we saw back in 2008, it is taking stocks a little bit of extra time to catch up with economic reality.  But almost everywhere else you look, there are signs that […]

U.S. Won’t Allow Crude Exports Within the Next Decade

The U.S. won’t allow companies to export domestic crude oil within the next 10 years, according to more than 60 percent of those polled at a Bloomberg Oil Forum. Thirty-four out of 82 traders, analysts and energy professionals attending the forum in London, or 41 percent, said the U.S. would never allow exports, while 22 […]

China Must Exploit Its Shale Gas

IF the Senate confirms the nomination of the M.I.T. scientist Ernest J. Moniz as the next energy secretary, as expected, he must use his new position to consider the energy situation not only in the United States, but in China as well. Mr. Moniz, a professor of physics and engineering systems and the director of […]

The decline of the world’s major oil fields

With all the talk about new oil discoveries around the world and new techniques for extracting oil in such places as North Dakota and Texas, it would be easy to miss the main action in the oil supply story: Aging giant fields produce more than half of global oil supply and are already declining as […]

Venezuela Oil Diplomacy: From Caracas To Cuba

The late Venezuelan president Hugo Chavez believed in sharing his country’s oil wealth with his Latin American neighbors. But now, Venezuelans are electing a new leader, and there are questions about whether the new president will continue those policies. NPR’s Tom Gjelten talks about the effects of Venezuela’s oil diplomacy, from Cuba to Connecticut. This […]

Choking on China: The Superpower That Is Poisoning the World

China is the world’s worst polluter — home to 16 of the 20 dirtiest cities and the largest emitter of greenhouse gases. Recent headlines have been shocking: 16,000 decaying pig carcasses in Shanghai’s Whampoa River, dire air quality reports in Beijing, and hundreds of thousands of people dying prematurely because of environmental degradation. Most recently, […]

Al-Nusra pledges allegiance to al-Qaeda

The leader of the al-Nusra Front, a jihadist group fighting in Syria, has pledged allegiance to the leader of al-Qaeda, Ayman al-Zawahiri. Abu Mohammed al-Jawlani said the group’s behaviour in Syria would not change as a result. Al-Nusra claims to be have carried out many suicide bombings and guerrilla attacks against state targets. On Tuesday, […]

Can the Utility Industry Survive the Energy Transition?

For Greentech Media this week, I reviewed a new white paper from the Edison Electric Institute which details the many “disruptive challenges” facing private utility companies as the energy transition to a renewably-powered grid progresses. The utility industry is being disrupted on every side, prompting worries about its stability. A new policy paper from the […]

The Tunnel People That Live Under The Streets Of America

Did you know that there are thousands upon thousands of homeless people that are living underground beneath the streets of major U.S. cities?  It is happening in Las Vegas, it is happening in New York City and it is even happening in Kansas City.  As the economy crumbles, poverty in the United States is absolutely […]

Letting Nature Take Its Course?

Is sustainability still possible? Yes. Is it still probable? No. With bold action today, tomorrow, and in years to come, we could succeed in creating a sustainable and prosperous society. But what does bold action actually mean? First and foremost, we have to start living within Earth’s boundaries: stop changing the climate, wiping out biodiversity, […]

Americans Are Driving Less

We continue our Streetfacts series by looking at the data on driving in the U.S. Beginning in 2005, per-capita driving has declined every year. That’s not a blip, it’s now an 8-year trend. The reason? Neither the state of the economy nor changes in gas prices offer a satisfactory explanation. Social preferences and demographic shifts seem […]

5 Reasons Why Oil Companies Get Away With Overblown Field Esimates

We’ve all seen the big headlines over the few past few years proclaiming various new oil fields. These stories often go on to claim how the Age of Oilquarius is now upon us and we will swim and bath in seas of energy until the sun explodes and the universe ends. We are often showered […]

Peak Oil Demand is Already a Huge Problem

We in the United States, the Euro-zone, and Japan are already past peak oil demand. Oil demand has to do with how much oil we can afford. Many of the developed nations are not able to outbid the developing nations when it comes to the world’s limited oil supply. A chart of oil consumption shows […]

How to Convert the Country to Natural Gas, by T. Boone Pickens

It starts with getting into the transportation sector. When I started the Pickens Plan in 2008, there were about 200,000 vehicles on natural gas in the world; now there’s about 16 million. That growth’s coming from everywhere but the U.S. Places like Iran and Argentina. China’s already got 40,000 trucks on LNG [liquefied natural gas], and […]

World Bank warns of a new ‘Arab Spring’ due to high unemployment in Mena

Dubai: Unemployment rate among young people in the Middle East and North Africa (Mena) region is the highest in the world, said a latest World Bank report which warned of a ‘high levels of vulnerability’ if governments do not take urgent steps to create jobs and ensure inclusive growth. “As well as a source of […]

BP Doesn’t Need Large Acquisition to Replace Reserves

BP PLC (BP BP.LN), which has recently completed a $38 billion divestment program in efforts to streamline the company and bolster its financial position, doesn’t need a large acquisition to replace naturally declining reserves, the company’s top bosses said Thursday. Instead, BP has a pipeline of around 45 potential high-quality upstream projects it can develop […]

Alternatives Drive the Peak of Oil Demand

Peak oil was supposed to be about oil’s scarcity and it devastating economic impact as prices shot through the roof. But oil demand has been falling in developed countries, for over a decade in some cases, and Fool.com contributor Travis Hoium thinks that a peak in global demand is around the corner. Erin Miller sat […]

Iraq Raises Oil Reserves To 150 Billion Barrels

Iraq has raised its estimated proven crude oil reserves to 150 billion barrels from 143 billion barrels, with more oil discovered in oil fields being upgraded by international oil companies and from a new oil field in southern Iraq, the Iraqi oil minister said Wednesday. “The calculations that we have carried, indicated that our oil […]

Total Collapse Is Almost Over Complete Collapse Coming Soon

TOTAL COLLAPSE IT IS ALMOST OVER! COMPLETE COLLAPSE COMING SOON!

Israel’s Natural Gas Finds Win the World’s Notice

Israel’s visiting guest this week is not a head-of-state. But he is just as important. It is Noble Energy’s Chief Executive Charles Davidson, whose company is working with government and business there to commercialize huge natural gas deposits. The point of the Texas-based oil captain’s appearance is two-fold: He and his Israeli contemporaries will be celebrating the […]

Robert Hirsch: Peak Oil as seen through the eyes of Arab oil producers

Summary: One of the world’s great energy experts reports on the view from a energy conference in Qatar. Oil is the fountain of their prosperity, and they well understand how brief the Age of Oil will be. Neftegax.Ru, 16 March 2010 . Reflections by Robert Hirsch on the Conference “Peak Oil: Challenges and Opportunities for […]

Peak Oil Denial: Sticking To The Script

This is the second [first here] in a series of posts examining the latest entry straight from the playbook on peak oil denial—that seemingly never-ending attempt to ignore facts, mis-/under-inform readers, or create ever-rising levels of non-credible optimism. [NOTE: Any quotes in this series are taken from the above-referenced Manhattan Institute paper unless otherwise noted. […]

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