A research group at the University of Washington, funded by NASA, is about to build a fusion-powered rocket. This rocket, if it can be successfully built, could propel a manned spacecraft to Mars in just 30 days — compared to NASA’s estimate of four years for a Martian round trip using current technology. The UW […]
An article on the difficulty of building truly green buildings and recent discussions about the healthcare system triggered thoughts about a major transition problem that is occurring over and over again—the problem of a complex hierarchy that demands feeding with extra energy. Previous posts about the added complexity that digitization brings are pertinent here, but […]
The semi-autonomous region of Kurdistan has sold the first crude oil cargo on the international market despite a warning from the central government in Baghdad, the Patriotic Union of Kurdistan, or PUK, party said on its website Saturday. The PUK, which is chaired by Iraqi President Jalal Talabani, who is currently receiving medical treatment in […]
A laptop that runs for eight hours without a recharge or a high-speed electric car covering around 300 km in one fill may appear a distant dream for many Indians. But, it would soon be a reality with India set to enter the highly competitive world of ‘super-energy efficient’ appliances. The government would be announcing […]
apan’s Tokyo Electric Power Co said on Monday it does not have enough tank space should it need to move contaminated water from storage pits that started leaking over the weekend at its wrecked Fukushima Daiichi nuclear power plant. Two years after the worst nuclear disaster in a quarter of a century, Tepco is struggling […]
When the International Energy Agency was launched in 1974, the French foreign minister at the time, Michel Jobert, called it “an instrument of war”. The IEA was the industrialised countries’ counter to Opec and the first oil shock. Now, as the Financial Times reported on Thursday, the IEA is seeking a closer association with the […]
Since the Greek government enacted the remarkable law that property taxes will be enforced via the electricity providers in the beleaguered country, an incredible 30,000 households per month have seen their power supply cut off. Ekathimerini reports that some 700,000 customers have now had their debts restructured (with payment plans) as part of the billing […]
Repsol’s Darwin well in the Norwegian zone of the Barents Sea has come up dry, its co-partner in the well Faroe Petroleum reported Monday. The Darwin frontier exploration well (designated 7128/11-1) is located on the Veslemøy High in the frontier western part of the Barents Sea with 50 miles to the southwest of the recent […]
The highly-respected Gallup Poll’s latest offering, a worldwide survey aimed at identifying potential migrant numbers, shows that a massive 13 per cent of the world population wants to emigrate. Over 640 million adults are desperate to change countries to better their lives and careers, with most based in Africa and Asia and wanting to move […]
For the moment, the trend seems pretty clear. Money from far and wide rushes into the US stock markets because every other conceivable place to stash money produces no return, no interest, no increase, at a time when the value of central bank currencies is slip-slidin’ somewhere south of Palookaville. The rush into equities gooses […]
Petrol stations in the UK have noticed the volume of fuel that they sell fall significantly over the past five years as high prices have forced people to buy more fuel efficient cars, and drive less, in order to reduce their fuel bill. Petrol sales have fallen by more than 20% as oil prices have […]
Rampant inflation, caused by debasement of the currency, government corruption and nanny state corrective action that makes matters worse. Declining trade, caused by wars to control the empire, massive military over-reach and ever increasing spending on the military – funded by increases in taxation on the citizens, especially those least in a position to pay. […]
Apparently, we’ve been “dead wrong.” “Those behind the [peak oil] theory appear to have been dead wrong, at least in terms of when the peak would hit, having not anticipated the rapid shift in technology that led to exploding oil and natural gas production in new plays and areas long dismissed as dried up,” says […]
Many of us who have been researching collapse for a decade or more repeatedly use the word in writing, speaking, and daily conversation, but few of us have the opportunity to define it with such precision or personal experience as one finds in Dmitry Orlov’s forthcoming book Five Stages of Collapse: A Survivor’s Toolkit (New […]
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 […]
This is a guest post by James Hamilton, Professor of Economics at the University of California, San Diego. This post originally appeared on the Econbrowser blog here. “Peak oil is dead,” Rob Wile declared last week. Colin Sullivan says it has “gone the way of the Flat Earth Society”, writing Those behind the theory appear […]
Introduction Energy is the largest component of the world’s Gross Domestic Product. It is a measure of our state of civilization. Its availability determines our standard of living, but also threatens to undermine it: the excessive use of stored energy through burning fossil fuels is a cause of Climate Change. Now, the depletion of these […]
April 6, 2013: Tokyo Electric Power Co. said Friday that contaminated water may have leaked into soil from an underground reservoir tank at the Fukushima Daiichi Nuclear Power Station. A radioactive substance has been detected in water accumulated between soil around the tank and the outer layer of a waterproof sheet covering the tank. The […]
Tokyo Electric power Co. (TEPCO), the operator of the plant said that it is moving 13,000 tons of highly radioactive water from a temporary storage tank to another after detecting signs of leakage. ‘The impact (from the leak) is not small, as the space is already tight,’ a company spokesman said. The operator of Japan’s […]
Humanity faces serious challenges as climate change, resource depletion and overpopulation are changing the earth and its ecosystems. What if….there was a new way forward? This short promotional video is designed to get people thinking about a new way forward….that of one…. Thanks to archive.org and sockfootageforfree.com
You may have heard that Tepco – the operator of the stricken Fukushima nuclear power plants – announced a large leak of radioactive water. You may have heard that the cooling system in the spent fuel pools at Fukushima has failed for a second time in a month. This is newsworthy stuff … but […]
Peak oil theories have been around for decades. Marion King Hubbert accurately predicted a peak in U.S. oil production in 1956, in the first widely published peak oil theory. Since then, people have been predicting when demand would exceed supply and the dire economic consequences that will come along with it. But what if the […]
Thousands of gallons of oil have spilled from a pipeline in Texas, the third accident of its kind in only a week. Shell Pipeline, a unit of Royal Dutch Shell Plc, shut down their West Columbia, Texas, pipeline last Friday after electronic calculations conducted by the US National Response Center showed that upwards of 700 […]
If the economy is getting better, then why does poverty in America continue to grow so rapidly? Yes, the stock market has been hitting all-time highs recently, but also the number of Americans living in poverty has now reached a level not seen since the 1960s. Yes, corporate profits are at levels never seen before, […]
The conference “Peak Oil: Challenges and Opportunities for the GCC Countries” in Doha, Qatar, has ended. It was a very interesting Peak Oil conference and was the first to be held in the Middle East. I was given the honour of summarizing the conference and will write a summary when I am back in Sweden. […]
If all goes according to Mike Dunne’s plan, the United States will build its first nuclear fusion power plant by the end of the next decade. Sixteen times a second, as the National Ignition Facility’s program director for laser fusion energy envisions it, a two-millimeter-wide capsule of cryogenic hydrogen will drop into a steel chamber […]
Overpopulation may not be such a big threat after all: using global population data from 1900 to 2010, scientists have developed a mathematical model showing that the number of Earth’s inhabitants may level off in the next 40 years. Conducted by a team of researchers from the Autonomous University of Madrid and CEU-San Pablo University, […]
Japan today said it had successfully extracted natural gas from methane hydrate deposits under the sea, in the first example of production of the gas offshore. The Ministry of Economy, Trade and Industry showed what it said was gas flaming from a pipe at the project in the Pacific Ocean, 80km off the coast of […]
Recently, I explained how high oil prices can bring on financial collapse for oil importers. In this post, I’ll discuss the flip side of the situation: how oil exporters reach financial collapse. Unfortunately, we have many examples of countries that were oil exporters, but are dealing with collapse situations. Egypt, Syria, and Yemen all have […]
From the San Francisco Earthquake to Superstorm Sandy, How Capitalism Stacks the Deck on Disaster In 2007, a financial firestorm ravaged Wall Street and the rest of the country. In 2012, Hurricane Sandy obliterated a substantial chunk of the Atlantic seaboard. We think of the first as a man-made calamity, the second as the malignant […]
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