US Oil Imports Hit 13 Year Lows

Imports Down 3 Million (barrels per day) since 2006 Oil imports are trending down and stand approximately 7.5 million barrels per day, which is the lowest level since the year 2000. This number hit its highest on a 4-week average basis of around 10.5 million barrels being imported back in 2006. This is a reduction […]

Can you profit from the rising oil price?

Petrol prices roar away, but oil stocks are stuck in the slow lane. Emma Wall looks at the investment case. Feeling the effects of inflation at the pump? That’s because the oil price has risen steeply. Since early June, Brent crude has risen from a little more than $100 to reach $108.60 a barrel. Overall […]

“Who Could Trust Such A Company?” – The Big Fat Lies About Radiation Exposure Of Workers At Fukushima

The nuclear fiasco playing out relentlessly in Japan since March 2011 has shaken the previously omniscient and omnipotent nuclear industry – and the government agencies that aided and abetted it. Yet they still obfuscate and minimize the consequences of the triple melt-down of the reactors at Fukushima Daiichi. Latest revelation: the number of workers at […]

Bahraini parliamentarian’s house attacked for second time

Assailants attacked the home of a Bahraini member of parliament with petrol bombs on Sunday for the second time in a week, the state news agency BNA said, the latest in a series of assaults on public officials and security personnel in the kingdom. The most recent attack on the home of Abbas Isa al-Madi, […]

Iran in the Era of Moderation and Reform

Do you expect a miracle from Rouhani? You are heading down the wrong road. Please take it easy! This was the initial sentiment among Iranian president-elect Hassan Rouhani’s supporters in social networks, blogs, the media, virtual or actual forum discussions and post-election gatherings days after his victory in Iran’s eleventh presidential election. Iranians were excited […]

Robert Rapier: Hydropower and Geothermal Status Update 2013

This is the 2nd installment in a series that looks at the recently released 2013 BP Statistical Review of World Energy. The previous post – Renewable Energy Status Update 2013 – focused mainly on wind and solar power. This post delves into hydropower and geothermal power. Some of the BP data is supplemented by REN21′s […]

The Oil Drum: To Forbes – a gentle cough of correction at TOD’s end

Forbes recently issued a commentary on the closing of The Oil Drum, which deserves some rebuttal, since, as with many stories on the “Peak Oil” topic, it conveys too many incorrect statements and false assumptions. Just over eight years ago I became irritated by several articles in the Main Stream Media that were clearly technically […]

Peak Oil Deferred

In 1956 Marion King Hubbert, The Chief Geology Consultant (some say it is more correct to refer to him as a research geophysicist) to Shell Oil, shocked the World by proclaiming that the production of U.S. crude oil would soon peak and then rapidly decline. His projections for U.S. oil production proved to be accurate […]

BP Oil Spill Payments Will NOT Be Suspended

A federal judge refused Friday to temporarily shut down a multibillion-dollar settlement program for compensating victims of BP’s 2010 Gulf oil spill, saying he has seen no evidence of widespread fraud among the tens of thousands of claims. The judge also said he was offended by what he saw as attempts to smear the lawyer […]

U.S. Solves Its Oil Glut Dilemma

For the first time in nearly three years, the price of crude oil is higher in the U.S. than in Europe. And, believe it or not, that’s great news. Energy investors closely track the difference, or spread, between the so-called West Texas Intermediate spot price in the U.S. and the Brent price in Europe. The […]

Air-Conditioning Will Be the End of Us

Earlier this week, as the temperature in New York City hit the upper 90s and the heat index topped 100, my utility provider issued a heat alert and advised customers to use air-conditioning “wisely.” It was a nice, polite gesture but also an utterly ineffectual one. After all, despite our other green tendencies, most Americans […]

Bioeconomics: The Hidden Megascience

In this section I want to explore on a more specific level why we living beings have mostly forgotten or marginalized the notion of life. To do this, I wish to draw attention to the astonishing interconnections and mutual support between the two guiding metaphysics of our culture. These are (Neo-)Darwinism, with its big idea […]

The Race Out of the Door: F. William Engdahl The Matterhorn Interview

On behalf of Matterhorn Asset Management / GoldSwitzerland, financial journalist Lars Schall met economic researcher and geopolitical analyst F. William Engdahl for a special video-interview series in three parts. In the first part, “The Race Out of the Door,” you see them talk about, inter alia: the deeper causes for the financial crisis; modern banking […]

Is America’s Social Contract Broken?

As Voltaire observed, “No snowflake in an avalanche ever feels responsible.” This is precisely how empires collapse. Correspondent Kenneth D. recently made the case that the Social Contract in America is broken. Kenneth offered two links for context: Social Contract (Wikipedia) and OECD calls time on trickle down theory. Here is Kenneth’s commentary: Society has […]

Water: Is There A Global Crisis?

Introduction We hear a lot about global crises every day — terrorism, global warming, children starving, children obese, running out of oil, and population bombs. Come to think of it, crisis mongering is not new. The media loves crises: they get more watchers and consequently, more ad revenues. You might remember Paul R. Ehrlich, a […]

Engage consortium completes a million man-hours on ITER nuclear fusion project

The Engage consortium, of which Atkins is a lead member, has completed one million man-hours of work on the ITER nuclear fusion reactor project underway in Cadarache, France. The first phase of work is now almost complete and all major construction contracts are due to be awarded before the end of the year. Engage is […]

World Bank to Stop Funding Coal Projects

The World Bank Group has just agreed to stop funding coal projects. This is welcome news as the World Bank Group has funded almost $6 billion in coal projects over the past five years. As a part of a new energy strategy which will cover the Bank’s lending, the Bank agreed that it will only […]

Does the American dream still exist for American boomers?

Paul Solman frequently answers questions from the NewsHour audience on business and economic news on his Making Sen$e page. Today’s query is about the lasting value of the American dream as baby boomers approach retirement. As we’ve been documenting here on Making Sen$e and on our new site “New Adventures for Older Workers,” retirement looks […]

British Geological Survey Bowland Shale Gas Assessment

The latest exuberant shale gas news comes from a report by the British Geological Survey estimating enormous new shale gas resources in the central UK. On June 27, 2013, the British Geological Survey (BGS) released a natural gas resource assessment for the Bowland Shale in the United Kingdom stating that approximately 40 trillion cubic metres […]

Stanford, UCSC study predicts oil demand to peak around 2035

Fears of depleting the Earth’s supply of oil are unwarranted, according to new research, which describes instead a coming peak and decline in demand for oil. “Peak oil” prognosticators have painted pictures of everything from a calm development of alternatives to calamitous shortages, panic and even social collapse. But, according to the study by researchers […]

Egypt’s future crude oil import requirements for 3 population scenarios

Egypt sits on a key strategic location between North Africa and the Middle East, where almost 4 mb/d of oil transit through the Sumed pipeline and the Suez canal. Shipping firms brace for Suez disruption as Egypt turmoil mounts http://www.voanews.com/content/shipping-firms-brace-for-suez-disruption-as-egypt-turmoil-mounts/1690698.html   http://www.sumed.org/docs/front.aspx 20 years after its oil peak this country is now embroiled in a […]

Mainline U.S. Media Ignores Connection between Gasoline Prices and Exports. Why?

The mainline U.S. media cites several alleged reasons for increasing gasoline prices, including refinery outages, increased summer driving, tension in the Middle East, etc. Recent news headlines below provide more detail about gasoline price hikes except for U.S. gasoline exports. The graph below shows that gasoline exports have increased by nearly a factor of 3 […]

Gold, Oil & Natural Resource Depletion

Someone once said that it takes money to make money. In this day and age where we advance quickly on the depletion of natural resources, it might be wise to say that it takes energy to make energy. We could expand that thought further by saying that as energy sources become scarce, it takes more […]

US preparing for war in Syria, top US general says

President Barack Obama is considering using military force in Syria, and the Pentagon has prepared various scenarios for possible United States intervention. Army Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, said the Obama administration is deliberating whether or not it should use the brute of the US military in Syria during a […]

Peak Oil: Simple Truths

An observation worth noting … and pondering, from Michael T. Klare. In energy terms, we are now entering a world whose grim nature has yet to be fully grasped.  This pivotal shift has been brought about by the disappearance of relatively accessible and inexpensive petroleum — ‘easy oil,’ in the parlance of industry analysts; in […]

Peak oil, not climate change worries most Britons

Most people in Britain want to reduce reliance on fossil fuels, but due more to fears of shortages and rising prices than to fears about climate change, according to a poll developed by researchers at Cardiff University and funded by the UK Energy Research Centre. Nearly 2,500 people were surveyed across England, Scotland and Wales […]

6 tech advancements changing the fossil fuels game

Oil and gas is getting bigger, deeper, faster and more efficient, with new technology chipping away at “peak oil” concerns. While hydraulic fracturing has been the most visible revolutionary advancement, other high-tech developments are keeping the ball rolling—from the next generation of ultra-deepwater drillships, subsea oil and gas infrastructure and multi-well-pad drilling to M2M networking, […]

Is Peak Oil Dead or Just Postponed?

Several months ago, I wondered if the media’s fascination with peak oil, which crested in the mid-2000s, had ended. A big concern of many in the energy/sustainability nexus had found expression in popular culture and in visuals like this: But now the zeitgeist has flipped, from crude awakening to crude abundance, thanks to advances in […]

Has Peak Oil Been Vindicated Or Debunked?

I will admit that I’ve always found the “Peak Oil” debate to be a little bit confusing, especially because both the words “peak” and “oil” turn out to have some ambiguity to them. But recently a couple of my favorite bloggers were debating the implications of the “unconventional oil” boom for the debate, with Karl […]

Why gas prices are likely to keep climbing

Gas prices are significantly higher and likely to go higher still, which could make this the most expensive summer at the pump in five years. The AAA daily tracking of gas prices rose another penny Thursday to $3.66 for a gallon of self-serve regular, the 11th straight day of rising prices. Gas is up nearly […]

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