Last October, Superstorm Sandy provoked widespread frustration and fear after it left more than 7.5 million people in the New York Metro area without power. In the hardest hit areas, outages lasted two weeks or more; in high rise buildings, the elderly and disabled were left stranded, often without access to food and unable to […]
Reformist-backed cleric Hassan Rouhani has won Iran’s presidential election, securing just over 50% of the vote and so avoiding the need for a run-off. Tehran Mayor Mohammad Baqer Qalibaf was well behind in second place. Turnout was estimated at 72.2% among the 50 million Iranians who were eligible to vote to choose a successor to […]
There are lots of reasons for Americans to use less oil. They’ll improve the environment. If it involves driving less, they’ll save lives. And in the long run, they’ll save money. But a collective reduction in fuel use is not yet enough to put a long-term dent in global oil prices. Here’s a chart from […]
* Sugar rallies, cocoa sinks as softs dominate big moves * U.S. data points to moderate growth * Market focus shifting to Fed policy meeting next week NEW YORK, June 14 (Reuters) – Oil prices rallied to nine-month highs and gold prices rose on Friday after news that the United States had authorized sending U.S. […]
Exclusive: Porter Stansberry exposes 1 of politicians’ and industry’s favorite falsehoods Peak Oil was a fantastic lie. The idea was that our ability to discover and produce higher amounts of hydrocarbon-based energy had peaked and would be forever in decline. This “inevitable” decline in energy production would, in turn, destroy the modern world, as all […]
Energy specialists say that advancements in fossil fuel extraction technologies have sparked a “revolution” in U.S. energy production, especially given radical recent changes in the global energy market and the U.S. role within it. New extraction methods, such as horizontal drilling and hydraulic fracturing (“fracking”), have allowed producers to access natural gas and oil (known […]
Above is the latest data on global oil supply (all liquids from various sources above, and the green curve being only crude and condensate below). We continue to be in a pattern in which supply has been very flat since the beginning of 2012. A close up just of the last few years shows this […]
Remember the concept of “peak oil”–that the world will soon achieve the maximum rate of petroleum extraction possible, if it hasn’t already? Now the question may be have we reached an era of “peak cars”? In a recent webinar held by Navigant Research, “Peak Cars: Flattening Vehicle Sales & Their Implications for Automakers, City Planners […]
Saudi Arabia’s King Abdullah arrived in Jeddah from Casablanca on Friday, having cut short a private holiday in Morocco, the state news agency said. The elderly king returned early because of “repercussions of the events that the region is currently witnessing,” the agency said, in an apparent reference to Syria. Saudi Arabia has been a […]
NSA Prism is motivated in part by fears that environmentally-linked disasters could spur anti-government activism Top secret US National Security Agency (NSA) documents disclosed by the Guardian have shocked the world with revelations of a comprehensive US-based surveillance system with direct access to Facebook, Apple, Google, Microsoft and other tech giants. New Zealand court records […]
Stepping away from the pack, Andrew Coleman of Raymond James Equity Research is making a contrarian forecast for an oil glut in 2014. Shale oil production is on the ascent, with the United States joining Saudi Arabia on the supply side, while China’s hunger for oil may be sliding and demand in developed countries remains […]
The world’s population will hit 7.2 billion next month and 10.9 billion by 2100, with most of the growth a result of high birthrates in the developing world, the United Nations said Thursday. The UN’s latest “World Population Prospects” report said the number of people inhabiting the planet at the start of the next century […]
UNITED NATIONS, June 13 (APP): The current world population of 7.2 billion is projected to increase by 1 million over the next 12 years and reach 9.6 billion by 2050, according to a United Nations report launched today, which points out that growth will be mainly in developing countries, with more than half in Africa. “Although […]
Below is an excerpt from Samuel Alexander’s new book, Entropia: Life Beyond Industrial Civilisation. This book is a creative work of fiction – a ‘utopia of sufficiency’ – which brings to life a simple living community that became isolated on a small island after the collapse of industrial civilisation. Looking back from the future, the […]
World demand for oil will peak around 2030 and will not exceed 100 million barrels per day by 2040, Norway’s Statoil (Xetra: 676685 – news) said in its annual market outlook on Friday. “Fossil fuels are here to stay, but gas is growing the most. For oil demand, we see a peak around 2030,” Eirik […]
U.S. crude oil production could reach approximately 10 million barrels per day (MMbopd) between 2020 and 2040, the U.S. Energy Information Administration (EIA) reported Friday. EIA projects in its Annual Energy Outlook 2013 report that U.S. oil production could range from 6 to 8 MMbopd over the next 30 years. However, EIA also developed a […]
Red state or blue state, liberal or libertarian, Americans share an addiction to rare-earth elements imported from China. Green technologies such as electric cars, wind turbines, solar panels and fluorescent light bulbs rely on rare-earth metals. The military depends on rare earths for guided missile systems, satellites and unmanned drones. NASA’s spacecraft carry powerful rare […]
The “red-line” has been crossed. The New York Times is reporting that: U.S. CONCLUDES SYRIA USED CHEMICAL WEAPONS AGAINST REBELS: NYT, and NYT SAYS EUROPEAN OFFICIALS REACH SAME CONCLUSION ON SYRIA MCCAIN SAYS U.S. TO PROVIDE WEAPONS TO SYRIAN REBELS And alongside that finding, as part of (or justification for?) the arming of the Syrian […]
Syrians are being killed at an average rate of 5,000 per month, the U.N. said Thursday as it raised the overall death toll in the civil war to nearly 93,000, with civilians bearing the brunt of the attacks. The grim estimate reflects the growing sectarian nature of the bloodshed as the regime of President Bashar […]
Peru’s government aims to attract more than $1 billion in investments in an upcoming public auction of 26 oil concessions in the country’s Amazon region, a top government official said. The chairman of government agency Perupetro, Luis Ortigas, said that exploration investments in each concession will be between $40 million and $50 million. “If it […]
The Story We’re being told that — thanks to technological advances like hydraulic fracturing and horizontal drilling — the US is undergoing an energy revolution, leading us in a few short years to become once again the world’s biggest oil producer and an exporter of natural gas. According to the Oil & Gas Industry and […]
The US recorded the largest single-year increase in oil production in 2012, according to the BP Statistical Review of World Energy. The review, released June 12, was the company’s 62nd annual report. Backed by increasing production of unconventional oil and gas, the US recorded the highest growth in both oil and natural gas output in […]
An observation worth noting … and pondering, from James Greenberger: The real energy crisis is neither a geologic crisis nor a strategic crisis. The real energy crisis is a slow growth crisis. Although the oil industry has figured out a way technologically to recover large quantities of unconventional oil, the cost of doing so will […]
Dahlia is home sick from school. She’s dancing in a tutu from my second grade recital, its orange, green, and pink ruffles now rediscovered and tugged over her monkey pajamas. At her insistence (and my pleasure), I too am wearing a tutu—a can-can skirt I saved from junior high, pulled up over my jeans. She […]
DESCRIPTION: http://youtube.com/NetworkArchives – CREDITS: http://www.youtube.com/watch?v=
As I discussed last fall, a federal appeals court ordered the Nuclear Regulatory Commission to perform more thorough evaluations in support of its new Waste Confidence Rule, particularly with respect to the potential impacts of long-term storage of spent fuel at plant sites. While those evaluations are being performed, the NRC has suspended all new […]
Abstract This Report traces the birth and growth of the idea of leaving oil in the ground. This arose after many decades of cruel conflicts caused by major oil companies, Shell and Chevron (Texaco) in the Niger Delta (involving the Ogoni and Ijaw peoples) and in the Amazon of Ecuador. Environmental justice organisations and networks […]
Listen now Download audio While some predict peak oil will soon be the end of industrial society, others shrug it off as scaremongering. But if we are running out of oil, is intervention needed to mitigate the impact of peak oil – or will market forces and technological innovation be a sufficient response? This discussion […]
A new report says that the world will need to more than double food production over the next 40 years to feed an expanding global population. But as the world’s food needs are rapidly increasing, the planet’s capacity to produce food confronts increasing constraints from overlapping crises that, if left unchecked, could lead to billions […]
Iraq will ramp up oil production to 4.5 million barrels per day by year-end in 2014, an increase of about 1.6 million that the country currently produces, an Iraqi senior official announced, reported the Associated Press. Under the country’s strategy to boost production, Iraq is bearing in mind three scenarios for increasing production, with the […]
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