Pace of shale gas development won’t be easy to repeat outside US

The progress of major shale gas developments outside North America is apt to lag the pace of the US shale gas revolution, according to a recent report from Deloitte analysts, who note that developers of US unconventional assets had advantages over their counterparts in Poland, China, and Argentina. “These countries still have a long road […]

Looking Back at Peak Oil

Peak Oil – the maximum sustainable rate of global oil production – happened in 2012. That’s one of the main conclusions of a new report, Fossil and Nuclear Fuels – The Supply Outlook, released in March 2013 by the Energy Watch Group (EWG). This event will have profound long-term implications for how advisors should manage clients’ portfolios, and […]

Kunstler: Out On a Limb

     There is one supreme and universal law of human relations in all its manifestations, social, political, economic, cultural: people create no end of mischief in the hours when they are not sleeping. Any vision of history-yet-to-come must be predicated on this principle.       A correspondent of mine objected to the idea […]

Iraq in talks to lower oil targets with foreign energy firms

Iraq is in talks with foreign energy firms to lower long-term oil production targets agreed several years ago because of sagging global crude demand forecasts, the country’s top energy official said. Hussein al-Shahristani said that Iraq was re-negotiating all of the oil field contracts awarded in 2009 to lower the peak production target and spread […]

Experts Foresee No Detectable Health Impact from Fukushima Radiation

The levels of exposure to radiation following the leaks and explosions at the earthquake-damaged Fukushima Daiichi nuclear power station in 2011 were so low that they led today to this important conclusion from experts convened in Vienna by the United Nations Scientific Committee on the Effect of Atomic Radiation: It is unlikely to be able […]

China Is Reaping Biggest Benefits of Iraq Oil Boom

Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer. China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling for an even bigger share, bidding for a stake now owned by Exxon […]

Ian Dunlop ASPO Peak Oil & Climate Change

Video (2011) More info http://www.aspo-australia.org.au

An Interview with Steven Kopits

By Steve Andrews – The following is taken from an interview with Steven Kopits, managing director of the New York office of Douglas-Westwood, an international energy analysis firm.  The views expressed are atttributable to Mr. Kopits and do not necessarily represent those of Douglas Westwood.         Q:  You’re dialed in right now […]

Robert Hirsch: Reflections on the Conference on “Peak Oil: Challenges and Opportunities for the GCC Countries”

I was fortunate to be among the few westerners invited to attend and speak at this first-of-its kind “peak oil” (PO) conference in a Middle East. The fact that a major Middle East oil exporter would hold such a conference on what has long been a verboten subject was quite remarkable and a dramatic change […]

Tech Talk – Future Oil Production from Iraq: An Optimistic View

There is often quite a debate in the Peak Oil community over the difference between a reserve and a resource. Simplistically a resource is, for the sake of discussion, the amount of oil that is in the ground in a certain country, while the reserve is the amount of oil that can be both technically […]

Kunstler: America the Vulnerable

History warns we’re sleepwalking towards collapse For most people, the collapse of civilizations is a subject much more appetizingly viewed in the rearview mirror than straight ahead down whatever path or roadway we are on. Jared Diamond wrote about the collapse of earlier civilizations to great acclaim and brisk sales, in a nimbus of unimpeachable […]

Oil guru says US shale revolution is ‘temporary’

The oil trader known by rivals as “God” predicts the US shale revolution will only “temporarily” boost production and oil prices will remain high, siding with Saudi Arabia and the Opec cartel in a debate gripping the energy market. Andy Hall, whose lucrative bets on oil prices earned him a $100m salary at Citigroup in […]

Thanks to cheap natural gas, America’s nuclear renaissance is on hold

IT IS the sort of thing you would expect to see in China, not in the pine forests of rural Georgia. On the banks of the sluggish Savannah river towers one of the world’s biggest cranes. It is helping build two nuclear reactors, to add to the two already up and running at the Vogtle […]

Crippling plastic addiction

Plastic waste is choking the environment — with the world’s population consuming enough each year to wrap 10 layers around the Earth. Once he learned of the dangers of plastic waste, I Gede Ari Astina persistently campaigned to reduce the use of plastic bags. Popularly known by his moniker JRX, the drummer of punk rock […]

Canadian Oil and Gas Workers, Many Unions, Now Oppose Keystone XL Pipeline

As President Obama weighs whether to give the Keystone XL pipeline his approval, climate scientists have warned that the volume of greenhouse gases released by the pipeline could push the planet over a climate tipping point. Proponents of the pipeline — which would pump 900,0000 barrels a day of bitumen crude from Alberta’s boreal forests to refineries along the […]

Post Carbon Institute Goes to Washington

It may be an exaggeration to say that the nation’s capital was built on a swamp, but being there with temperatures hovering at 90°F (32°C) and humidity at nearly 100%, you can see why that myth has persisted. It doesn’t help that the political climate makes the air feel that much more oppressive. Speaking of […]

Peak Gold

We are rapidly approaching the end of cheap resources. The wealth of most Americans could get wiped out during the next decade due to commodity inflation. Focusing on your real purchasing power is critical. As this brief documentary discusses, what is it that makes gold so special? Merely a “tradition” as Bernanke would have us […]

Canada Economy Grows Fastest Since 2011 on Oil Exports

A surge in Canadian oil exports to the U.S. helped propel the country’s economy in the first quarter to its fastest growth pace since 2011, even as domestic demand expanded at the slowest rate since the 2009 recession. Gross domestic product grew at a 2.5 percent annualized pace from January to March, the fastest in […]

Richest 1% control 39% of world’s wealth and growing

The wealthiest 1 percent now control 39 percent of the world’s wealth, and their share is likely to grow in the coming years, according to a new report. The world’s total private wealth grew 7.8 percent last year to $135 trillion, according to the Boston Consulting Group’s Global Wealth report. The top 1 percent control […]

Alaska Gov. Sean Parnell seeks to reopen Arctic National Wildlife Refuge drilling debate

Gov. Sean Parnell, R-Alaska, accused Democrats of stifling domestic energy production and inhibiting job growth in the weekly Republican address on Saturday, reopening the debate about drilling for oil and gas in the Arctic National Wildlife Refuge and calling on the Senate and the White House to approve the Keystone XL oil pipeline. “Most Americans […]

EU May Make German Industry Pay for Renewables

Up until now Germany has largely exempted energy intensive industries (and increasingly some not so intensive industries) from paying the price of renewable energy. In essence the costs of subsidising renewables is added on to energy bills in the form of a surcharge, but this is not applied to companies that use a large enough […]

OPEC’s high output, high price days dwindle

* Smooth meeting belies tough decisions ahead * U.S. shale creates price versus market share dilemma * Echoes of 1980s non-OPEC supply surge * Secretary general decision postponed OPEC’s halcyon days of high prices and high production may be drawing to a close as soaring U.S. output opens a new era for world oil markets. […]

Chile wants Canada’s natural gas

Chile wants to buy Canadian liquefied natural gas to feed its energy-hungry mining industry as it bolsters its efforts to transform into a developed industrial nation and drag its citizens out of poverty. Chilean President Sebastian Pinera, speaking to The Globe and Mail editorial board on Friday, said his government’s mission is to make Chile […]

OPEC Keeps Oil Output Ceiling at 30M Barrels a Day

The Organization of the Petroleum Exporting Countries kept its current oil-production ceiling at 30 million barrels a day Friday in a widely expected move that members described as an easy decision. But concerns about the growing threat from shale oil overshadowed the group’s otherwise smooth meeting. OPEC ministers in an open session before their meeting […]

The Limits To Growth – Last Call Film

LAST CALL the untold reasons of the global crisis . A documentary film on the saga of the most controversial environmental bestseller of all times.Today its message is more relevant than ever. CHANGE THE ENDING, support the LAST CALL CROWDFUNDING CAMPAIGN Directed by Enrico Cerasuolo and produced by Zenit Arti Audiovisive in association with Skofteland Film

PetroEcuador Says Biggest Oil Pipeline Cut by Amazon Landslide

OPEC member Ecuador’s biggest crude pipeline, known as SOTE, was cut today by a landslide in the country’s eastern Amazon region, said PetroEcuador, the nation’s state-owned oil company. The pipeline, which transports Ecuador’s Oriente crude to the Esmeraldas refinery and the oil port of Balao on the Pacific coast, halted operations after an avalanche of […]

Peak Water, Peak Oil??Now, Peak Soil?

Soil is becoming endangered.This reality needs to be part of our collective awareness in order to feed nine billion people by 2050, say experts meeting here in Reykjavík. And a big part of reversing soil decline is carbon, the same element that is overheating the planet.3 “Keeping and putting carbon in its rightful place” needs […]

Population growth erodes sustainable energy gains – UN report

The world has made important progress towards improving energy efficiency, using more renewable sources of power and providing basic electricity to every household over the last two decades. But the gains have barely been enough to keep up with population growth and surging energy demand and are far short of what is needed to curb […]

« Previous Page

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy