The World’s Number One Fuel Source Isn’t Even a Fuel

The first ever Energy Efficiency Market Report was just released by the International Energy Agency, and it clearly illustrates for the 11 countries* it examined that between 1974 and 2010, energy efficiency was the largest energy resource. In 2010, alone, (the most recent year for which data is available) savings from energy efficiency was greater […]

New EIA Report, Production Per Rig

Jean Laherrere has pointed out a huge discrepancy in in the Permian data from the latest EIA Drilling Productivity Report that I posted Wednesday and what has been posted, also from EIA data, in other places. Here, below, is a graph first posted in May and re-posted many places since, from: Outlook for shale gas and tight oil […]

Peak Oil : A Look At “Peak Demand”

High value crude oil — the good stuff with 5.8 million BTU per barrel that we can make into diesel and gasoline and a million other things — has been generally holding on to a global production plateau since 2004. Global production will fall when the decline of mature fields overwhelms new additions. When, precisely, […]

We Can Feed the World / No We Can’t / No We Won’t

There are, and have been for a few decades now, competing narratives about food, hunger, and population. And supporting these narratives are a large number of divergent arguments from people with an even larger array of ideological perspectives. I’ve been puzzled for some time that these narratives not only have co-existed for as long as […]

Fuel Removal From Fukushima’s Reactor 4 Threatens ‘Apocalyptic’ Scenario

An operation with potentially “apocalyptic” consequences is expected to begin in a little over two weeks from now – “as early as November 8″ – at Fukushima’s damaged and sinking Reactor 4, when plant operator TEPCO will attempt to remove over 1300 spent fuel rods holding the radiation equivalent of 14,000 Hiroshima bombs from a […]

Will The World Run Short Of Oil?

One of the most discussed topics in the energy sector is “Will the world run short of oil?”. This question, often in the form of ‘peak oil’, has been the topic of discussion across the industry for decades and a driver of key decisions made not only in the oil industry, but across the energy […]

World Energy Congress report dismisses fears of peak oil

Fossil fuels will continue to dominate the energy sector for the foreseeable future, after a report issued by the World Energy Council made it clear that fears expressed in respect of so-called “peak oil” were unlikely to be realized within the next forty years at least. Following the recent World Energy Congress in Daegu, Korea, […]

Hyperflation Via a Currency Crisis is Dead Ahead

This week’s podcast interview introduces a new monetary measurement developed by Alasdair Macleod: the ‘Fiat Quantity of Money’, or FMQ. Alasdair explains how FMQ is derived, as well as what it can tell us about the true levels of fiat money supply. In the case of the dollar, it reveals that levels are far above […]

Lebanon says gas, oil reserves may be higher than thought

Lebanese Energy Minister Gebran Bassil said new estimates for nearly half of Lebanese waters suggested the country’s reserves of natural gas and oil might be larger than previously thought. “The current estimate, under a probability of 50 percent, for almost 45 percent of our waters has reached 95.9 trillion cubic feet of gas and 865 […]

3 Reasons Germans are Going Renewable ‘At All Costs’

Germany is racing past 20 percent renewable energy on its electricity grid, but news stories stridently warn that this new wind and solar power is costing “billions.” But often left out (or buried far from the lede) is the overwhelming popularity of the country’s relentless focus on energy change (energiewende). How can a supposedly expensive […]

A superpower at risk of slippage

It has been 10 days since the US government shutdown came to an end. And if the bond market were your guide, there would appear to be no lasting costs – the 10-year US Treasury yield dipped below 2.5 per cent this week for the first time since August. Yet beneath the surface, Washington’s flirtation […]

China Signals ‘Unprecedented’ Policy Changes

Chinese Politburo member Yu Zhengsheng said reforms to be discussed at a Communist Party meeting next month will be unprecedented, adding to signs that leaders are resolved to spur far-reaching policy changes. Yu’s comments, made in a speech at a forum to promote relations with Taiwan, were reported by the official Xinhua News Agency on […]

A black box in your car? Some see a source of tax revenue

As America’s road planners struggle to find the cash to mend a crumbling highway system, many are beginning to see a solution in a little black box that fits neatly by the dashboard of your car. The devices, which track every mile a motorist drives and transmit that information to bureaucrats, are at the center […]

In Almost Every European Country, Bikes Are Outselling New Cars

A mechanic repairs a bike at Calmera bike shop in Madrid in September. As car sales slump across Europe, bicycle sales in Spain are outpacing cars — a trend seen across much of the Continent. Pablo Blazquez Dominguez/Getty Images We know that Europeans love their bicycles — think or . Denmark specifically for cyclists. Indeed, […]

The problem with (affordable) helium

If I had had space, I would have included a subtitle for this piece as follows: Things do not have to run out to become unavailable. So, now you have a general idea about the problem with helium, a problem to which I’ll return shortly. But, first let me discuss the broader issue my subtitle […]

New York Announces “Strategic Gasoline Reserve” to Prevent Gas Shortages during Emergencies

A three million gallon reserve will be available to New York State. Governor Andrew Cuomo announced the first state-based “Strategic Gasoline Reserve,” a three million gallon gasoline reserve that will be available to New Yorkers during emergencies such as Hurricane Sandy. The plan is aimed at preventing a shortage of gasoline, such as the one […]

The ocean is broken

Nothing could have prepared Ivan Macfadyen for the devastation all around him as he sailed the Pacific. It was the silence that made this voyage different from all of those before it. Not the absence of sound, exactly. The wind still whipped the sails and whistled in the rigging. The waves sloshed against the fibreglass […]

Getting the most warmth for your money

In the face of petroleum’s massive price jump over the last decade, more and more homeowners are moving away from oil to heat their homes. And up until recently that move has been toward natural gas, which has also begun to rise in price this year. The average price of heating oil has tripled between […]

The US Oil Boom Is Far from Over

Some cry out for “Peak Oil,” claiming U.S. oil production is about to reach its ceiling. I recently wrote an article explaining why I disagree and focused on several things: large drilling inventories, new plays to be discovered, deeper laterals, and utilizing downspacing to increase reserves and potential drilling locations. This is just part of the argument […]

Global demand for fossil fuels continues to rise

Despite concerted global efforts to reduce carbon emissions through the expansion of clean and renewable energy resources, fossil fuels continued to dominate the global energy sector in 2012, according to new figures released yesterday by the Worldwatch Institute. Coal, natural gas and oil accounted for 87 percent of the world’s primary energy consumption last year, […]

Under Threat, German Utility Says It Will Create a New ‘Prosumer Business Model’

We may be about to witness one of the most profound transitions ever to occur in the utility industry. Challenged by the surge in distributed renewables and a strong decline in revenues, one of Europe’s largest largest utilities, RWE, is reportedly planning to completely transform itself from a traditional electricity provider into a renewable energy […]

Fukushima plant ‘undamaged’ after 7.3 earthquake off coast of Japan

      The operators of Japan’s crippled nuclear power plant said there was no further damage caused to the wrecked plant early on Saturday, despite a magnitude 7.1 to 7.3 earthquake striking offshore and triggering a small tsunami. An earthquake official with the Japan Meteorological Agency said the quake was an aftershock of the […]

Consumers rejoice: Lower gas prices are coming!

Gas futures are trading around a 52-week low, which is not too unexpected—gasoline demand is always weakest in the fourth quarter. But with the recent selloff in crude, and more downside predicted, gas will trade even lower. If you look at the charts going back 10 years, you will see that in just about every […]

Libyan militias’ most valuable hostage: oil

Militias have seized control of Libya’s oil facilities to extract concessions from the government, bringing national oil production down to a third of what it was at the beginning of 2013. Militias in eastern Libya have seized control of key oil infrastructure, launched their own government, and created their own army in a bid to […]

100s of U.S. state’s oil spills not publicized

North Dakota, the No. 2 oil producing state behind Texas, recorded nearly 300 oil pipeline spills in less than two years, state documents show. None of them were reported to the public, officials said. According to records obtained by The Associated Press, the pipeline spills, many of them small, are among some 750 “oil field […]

Real wildcatters go to Ethiopia to hunt for oil

Amid East Africa’s oil and gas boom, the more adventurous oilmen are starting to gravitate toward the vast Ogaden desert region of Ethiopia, where drilling activity has been sparse since rebels attacked an exploration team in 2007, killing nine Chinese and 65 Ethiopians. Oilmen believe Ethiopia lies on the same oil-bearing strata as the massive […]

7.3 Magnitude Earthquake Hits Japan – Tsunami Warning Issued For Fukushima

  UPDATE: Tepco Orders Evacuation of Fukushima Power Plant Workers Via RT: Tokyo Electric Power Company (TEPCO) has ordered the evacuation of workers from near the sea wall at Fukushima Daiichi nuclear power plant following the earthquake, local NHK reports. People in coastal regions around the Fukushima Prefecture coastline have been advised to move to […]

US airlines supersize their rides, packing people onto bigger planes

Want to gauge how well US airlines are doing in controlling fuel costs? Try the word “gauge.” US airlines all reported solid quarterly profits this week and again touted how they were able to hedge, refine, design, merge, cut or slim their way to fuel-efficient gains. That includes the term “upgauging” — basically the equivalent […]

Much of Syria blacked out by rebel attack on gas pipeline

Much of Syria, including the capital Damascus, was hit by a power cut late on Wednesday after rebels attacked a gas pipeline, state media said. “A terrorist attack on a gas pipeline that feeds a power station in the south has led to a power outage in the provinces and work to repair it is […]

Iran Announces 34 New Nuke Sites

Iran plans to build many new nuclear plants with atomic reactors along its coastlines with the Persian Gulf and Caspian Sea, Iran’s top nuclear official announced on Thursday. The announcement comes just a week after Western nuclear negotiators claimed that Iran was giving ground in talks aimed at ending Tehran’s contested enrichment program. Iranian leaders, […]

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