Wind to Double and Solar to Triple in 6 Years, Says IEA

For Greentech Media this week, I reviewed the new Medium-Term Renewable Energy Market Report 2013 from the International Energy Agency (IEA), and found a surprisingly bullish forecast for renewables, especially wind and solar. Most interesting are the phenomenal growth rates they project for the developing world. And a lot of it will be deployed in […]

IEA hedges bets on new 20-year supply peak in non-OPEC oil

The International Energy Agency has painted a picture of softer market fundamentals in 2014, but gone to lengths to point out a number of intangibles which could ultimately derail its latest predictions. Fleshing out for the first time its oil market forecasts for 2014, the IEA believes the US’ shale oil boom will continue to […]

Study raises new concern about earthquakes and fracking

Powerful earthquakes thousands of miles away can trigger swarms of minor quakes near wastewater-injection wells like those used in oil and gas recovery, scientists reported on Thursday, sometimes followed months later by quakes big enough to destroy buildings. The discovery, published in the journal Science by one of the world’s leading seismology labs, threatens to […]

Sustainability and the World Population: What Is Our Global Limit?

Today is World Population Day. As of today, there are over 7 billion of us sharing this planet. How did we get here? After rising very slowly for millennia, population figures were just starting to take off in the 1700s, reaching a billion around 1800. It took less than a century and a half, in […]

World Population Day: Women take sterilisation burden

As the World Population Day this year focused on awareness on adolescent pregnancy, a Pune Municipal Corporation family welfare bureau survey found at least 4,237 girls 15 to 19 years of age who are married (the legal age for marriage in India is 18) and 2,071 of them not using any contraceptive or opting for […]

Japan Utilities Use Less Oil on Nuclear Restart, New Coal Units

Japan’s utilities used less crude and fuel oil in June as the operation of two nuclear reactors and new coal-fired units helped them reduce reliance on more-expensive sources. Japan’s 10 regional power utilities consumed about 770,000 kiloliters of crude in June, down 27 percent from a year earlier, according to data released today by the […]

Peak Conventional Oil definitely was in 2005 – Oil Price going to 135

Peak Conventional Oil was in 2005. There is no way back. We have now crossed the Rubicon. World Conventional Oil Production will be decreasing by 2 percent per year. Whether we like it or not. Oil Prices are going to 135 US$ during the year. Average Oil Prices will be above 110 US$ for the […]

Kunstler: The Trophic Conundrum. Chatting with Brian Czech about the paradox of economic growth

JHK talks with Brian Czech, founder of The Center for the Advancement of the Steady State Economy and author of the new book Supply Shock: Economic Growth at the Crossroads and the Steady State Economy, published by the New Society Press. The new KunstlerCast music is called “Adam and Ali’s Waltz” from the new recording […]

Econ 101 is killing America

Forget the dumbed-down garbage most economists spew. Their myths are causing tragic results for everyday Americans In the Middle Ages, people looked to the Church for certainty. In today’s complex, market-based economies, they look to the field of economics, at least for answers to questions concerning the economy. And unlike some disciplines, which acknowledge that […]

Stop shipping volatile oil by rail

The tragedy of the train derailment in Lac-Megantic, Quebec, has brought home just how small our world has become. Oil that was drilled in North Dakota’s Bakken oil fields is loaded onto rail cars and passes through a small Canadian community and shatters their world in an instant. All my thoughts and best wishes go […]

Saudi princess appears in O.C. court in slave labor case

Dressed in a jail-issued blue jumpsuit, a woman described by authorities as a Saudi royal princess appeared in an Orange County courtroom Thursday to face human trafficking charges that accuse her of forcing a Kenyan woman to work as a domestic servant. Meshael Alayban, who stood in a gated section of the courtroom and had […]

USA Sending More Military Equitpment to Egypt

The US is going ahead with plans to deliver four F-16 fighter jets to Egypt despite the political unrest in the country, senior American officials say. It comes as Washington is continuing to evaluate last week’s overthrow of President Mohammed Morsi by the army. US massive military aid to Cairo would have to be cut […]

Chevron Announces Oil Discovery in Deepwater U.S. Gulf of Mexico

Chevron Corporation (NYSE: CVX) has announced an oil discovery at the Coronado prospect in the deepwater U.S. Gulf of Mexico. The Walker Ridge Block 98 Well No. 1 encountered more than 400 feet (122 m) of net pay. The well is located approximately 190 miles (308 km) off the Louisiana coast in 6,127 feet (1,868 […]

Should we stop worrying about peak oil?

Demand for oil will reach its own peak and decline before humans deplete the Earth’s supply of oil, experts say. “Peak oil” prognosticators have painted pictures of everything from a calm development of alternatives to calamitous shortages, panic, and even social collapse as the world reaches its peak of oil production—and then supplies fall. But […]

Texas pumping more oil than some OPEC countries

We all know oil production in Texas has soared in recent years. But putting the rise in graphic form shows just how phenomenal the energy turnaround has been: The surge looks exponential. In March, Texas oil production reached its highest level since 1984. That month, the Lone Star State pumped more than 74 million barrels […]

Oil Demand Pushed Up By Emerging Markets

Emerging nations are pushing the global oil demand to a new peak, according to the International Energy Authority. Emerging economies will become the main force in the global oil market next year and push demand to a record high level, according to new data. The International Energy Agency (IEA) has also raised its demand forecast […]

Hard Landing In China Could Take Oil Down To $70 Per Barrel

China is increasingly giving signs that a hard landing could be in the cards, as the government cracks down on financial excesses and overheating markets amid a global slowdown.  If the world’s second largest economy were to slow down dramatically, it would have a substantial effect on commodity prices, given China’s outsized influence in those […]

Sharp Jump in US Gasoline Prices Seen Within Days

Gasoline is expected to jump 10 to 20 cents per gallon in the next several days, as rising oil prices and peak driving season create a perfect storm for higher prices. Industry experts say gasoline prices at the pump should follow the already higher prices in the spot wholesale market. The national average at the […]

2/3 of Egypt’s oil is gone 20 years after its peak

No matter who is ruling Egypt and for how long, this country faces a crippling energy crunch which contributes to the general dissatisfaction of the public and the accelerating changes we see in this country. Egypt’s Gas Shortage Fuels June 30 protests 27/6/2013 By Wednesday afternoon, June 26, traffic in Cairo went from a gridlock of […]

China Passenger-Vehicle Sales Rise 9.3%

China, the biggest emitter of greenhouse gases, plans to widen the number of cities curbing auto purchases to fight pollution and congestion, threatening vehicle sales, the government-backed car association said. Eight cities — Chengdu, Chongqing, Hangzhou, Qingdao, Shenzhen, Shijiazhuang, Tianjin and Wuhan — will probably introduce measures limiting auto purchases, Shi Jianhua, deputy secretary general […]

China wants bigger share of U.S. shale revolution

China expressed a desire to increase its investment in U.S. shale gas during talks between the two countries on Wednesday, an American official said. Output from shale fields in the United States and Canada has jumped in recent years with the increased use of drilling methods such as hydraulic fracturing. Companies in China, which has […]

QE, The Velocity of Money And Dislocated Gold

From time to time, it’s nice to look at a series of graphs, and let them tell their thousand words worth – each – of stories. In this case, I started out looking at US monetary base at the St.Louis Fed website and it sort of went from there. Curious trends and intriguing numbers, beyond […]

More Signs Of ‘Peak Us’ In New Study Of ‘Peak Oil Demand’

Now comes this fascinating paper in Environmental Science & Technology: “Peak Oil Demand: The Role of Fuel Efficiency and Alternative Fuels in a Global Oil Production Decline.”   Abstract Some argue that peak conventional oil production is imminent due to physical resource scarcity. We examine the alternative possibility of reduced oil use due to improved […]

Coast Guard: Crew Loses Control of Natural Gas Well, Sheen in the Gulf

Natural gas is flowing into the Gulf of Mexico from an oil and natural gas production platform off the coast of Plaquemines Parish, where the U.S. Coast Guard says a crew lost control of a well on Tuesday. Crew was safely evacuated after the well was unable to be brought back under control, according to the […]

The impact of changing demographics

The latest United Nations projection for world population reflects the significant demographic changes likely to occur in different parts of the world over the next few decades. The changes have strong economic implications, and many of them have already begun taking place. One of the major projections is India’s emergence as the world’s most populous […]

Pre-Harvest Market worth $55,696.6 Million By 2018

The report “Pre-Harvest Market By Equipment (Primary Tillage Equipments, Secondary Tillage Equipments, Planting Equipments, Irrigation Equipments, Plant Protection, Fertilizing Equipments & Others), Global Trends & Forecasts To 2018“, defines and segments the Pre-Harvest Market with analysis of current demand and forecasted consumption in terms of revenue. It also identifies the driving and restraining factors for […]

Should We Stop Worrying and Love the Population Bomb?

New World Population Day video uses hard facts and humor to demonstrate the dangers of overpopulation COLORADO SPRINGS, Colo., July 10, 2013 /PRNewswire/ — The world needs frank talk about overpopulation, according to a non-profit whose mission is to inspire the world to “end its outdated love affair with economic and population growth.” To increase […]

Stanford researchers say ‘peak oil’ concerns should ease

Fears of depleting the Earth’s supply of oil are unwarranted, according to new research, which concludes that the demand for oil – as opposed to the supply – will reach its own peak and then decline. “Peak oil” prognosticators have painted pictures of everything from a calm development of alternatives to calamitous shortages, panic and […]

Japan atomic watchdog suspects Fukushima ocean leak

Japan’s nuclear watchdog said Wednesday the crippled Fukushima reactors are very likely leaking highly radioactive substances into the Pacific Ocean. Members of the Nuclear Regulation Authority voiced frustration at Tokyo Electric Power (TEPCO), which has failed to identify the source and the cause of spiking readings of radioactive materials in groundwater. “It is strongly suspected […]

The economy isn’t coming back

Presently Americans wait with bated breath, watching sales numbers and unemployment statistics, grasping for signs that an economic recovery is underway. We search for signals that indicate we’re growing, that there will be a job for everyone who wants one, and that the United States will resume the prosperity and standing in the world it […]

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