Why Are IEA Renewables Growth Projections So Much Lower Than the Out-Turn?

The IEA has greatly underestimated the growth of renewables for some years now. This illustrates how important it is to allow for unexpected outcomes if policy design is to be robust, as even well informed projections can be very different from the subsequent out-turn. The International Energy Agency’s (IEA’s) annual World Energy Outlook (WEO) is […]

Green Energy CEO Predicts Demise Of His Competition

Jeremy Leggett, who runs the largest solar power installer in the UK, is celebrating the World Energy Congress in South Korea by selling you a book predicting the demise of his competitors in conventional energy companies. Well, he is going to be right eventually. Though we supposedly hit Peak Oil in 1992, yet still haven’t, […]

Iran’s Nuclear Negotiations Affecting Oil Prices

Bloomberg’s Ryan Chilcote reports on what’s at stake in Iran’s nuclear negotiations in Geneva in the first round of talks since Rouhani took office. He speaks with Anna Edwards and Mark Barton on Bloomberg Television’s “Countdown.”

Daniel Yergin: Why OPEC No Longer Calls the Shots

WSJ.COM 10/14/13: Forty years ago, on Oct. 17, 1973, the world experienced its first “oil shock” as Arab exporters declared an embargo on shipments to Western countries. The OPEC embargo was prompted by America’s military support for Israel, which was repelling a coordinated surprise attack by Arab countries that had begun on Oct. 6, the […]

Conserve Water or Perish, Warns U.N. Chief

Just 17 years from now, nearly half the global population could be facing water scarcity, with demand outstripping supply by 40 percent. “We must address unsustainable use,” U.N. Secretary General Ban Ki-moon declared earlier this week at the Budapest water summit in Hungary. “This is the International Year of Water Cooperation. And we need joint […]

DNO International Says Iraq Field May Have “Sea of Oil”

A new well at DNO International’s Tawke oil field in Iraq is producing more than any of the other wells that have so far been drilled, the Norwegian company said on Monday. The horizontal Tawke 23 well produced 32,500 barrels of oil per day, beating the 25,000 barrels recently produced at Tawke 20. “The exceptional […]

How Much Longer Will the Dollar Be The Reserve Currency?

Nothing lasts forever… (especially in light of China’s earlier comments)   Submitted by Patrick Barron via The Ludwig von Mises Institute, We use the term “reserve currency” when referring to the common use of the dollar by other countries when settling their international trade accounts. For example, if Canada buys goods from China, it may […]

UAE says crude output is at the right level

* $100 a barrel is sustainable – minister * Sees no sign of OPEC changing quota in December * UAE Sept output at 2.7 to 2.8 mln bpd * Angola official content with oil prices OPEC’s crude oil production is at a suitable level for the market and there is no talk of the cartel […]

Bad advice: Why the future won’t be like the past

It’s easy to get bad advice from successful people. Here’s why: Successful people assume that the same circumstances that prevailed while they were achieving their success will generally prevail while you are pursuing yours. But, your circumstances will almost surely be different, probably in major ways. The second mistake successful people make is that they […]

Tech Talk – life gets more difficult at Gazprom

There was a time, not that long ago, when if I was short of a topic for a post, I could Google “Gazprom” and there was sure to be a story out there about another expansion, or take over of a national pipeline – or some other sign of the companies growth and power. But […]

Top Nuke Commanders Terminated Following Missing Nuclear Warheads Report

Two of the top nuclear commanders within the United States have now been terminated following the exclusive high level military leak report by Alex Jones and myself regarding the secret and unsigned nuclear weapons transfer from Dyess Air Force base to South Carolina. Disturbingly, the high level suspensions from top generals within the military establishment are not […]

US Energy Production is Booming

DeGolyer Library, Southern Methodist University, Dallas, Texas After last week’s discussion of the Affordable Care Act, it would be easy to drift off into all of the negative consequences of the current problems in Washington DC. There’s just so much negative energy every time you turn on the TV that it simply drains you.I am […]

This ain’t your average survival shelter

There’s nothing new about predictions that the end of the world is upon us. But there’s plenty new about how some people are preparing for it. What began as a pipe dream for Ron Hubbard has become big business…underground “We call this the backyard bunker,” Hubbard said as he showed us one of his survival […]

China Calls for World to Be ‘De-Americanised’

China’s official news agency has called for the creation of a “de-Americanised world”, saying the destinies of people should not be left in the hands of a hypocritical nation with a dysfunctional government. Heaping criticism and caustic ridicule on Washington, the Xinhua news agency called the US a civilian slayer, prisoner torturer and meddler in […]

Global Population: What Will Become of Our Over-Exploited World ?

Fred Pearce is the author of “The Coming Population Crash: And Our Planet’s Surprising Future” and an environment consultant at New Scientist magazine. Alan Weisman once famously imagined “The World Without Us,” in which Earth heals itself after humanity’s mysterious disappearance. Now, in “Countdown,” he engages with the real future of our overpopulated and over-exploited […]

Be skeptical of ‘peak ag’

A few years ago, midway through the growing season, I asked a veteran farmer about his crops. He said his immediate area was dry and some of his fields were deteriorating. Then he shrugged and said, “Yeah, there are challenges. But this is a great time to be farming. The tools we have today are […]

Peak oil enthusiasts might be giving up too soon

Proponents of peak oil should not capitulate too soon, as the days of oil – like those of horses – are numbered, writes Vincent Kaminski The closure of The Oil Drum website after eight years – a move announced by the site’s administrators in a blog post on July 3 – is a sad moment […]

Africa Power Needs

The figure above comes from a post at the Center for Global Development by Todd Moss and Madeleine Gleave. They ask, how much power does Africa really need? Their answer (based on estimates and methods you can read in their post) is … a lot. Here is their bottom line: As these countries grow more […]

Peak Oil Is Dead Wrong

There are 89 billion barrels of oil still trapped inside America’s oil wells. That’s because the average oil well in America only gives up 30% of its black gold. This is oil that’s vital to fueling our economy and it’s just sitting down there. To put this into perspective, if the U.S. could recover all […]

World’s Largest Oil Spills

The world has followed news of from British Petroleum’s (BP) Deepwater Horizon’s blowout and oil spill in the Gulf of Mexico since the oil rig exploded April 22, 2010. By the time engineers temporarily capped the well July 15, it had poured an estimated 3.0 million to 8.7 million barrels of oil into Gulf waters. […]

China’s Crude Oil Imports Increase to Record

China’s daily oil imports rose to a record in September as the world’s second-largest economy expanded and demand for energy grew. China imported a net 25.61 million metric tons of crude oil last month, according to figures on the website of the General Administration of Customs today. That’s equivalent to an average 6.26 million barrels […]

Lester Brown: The Sobering Facts on Global Resource Scarcity

Environmental analyst Lester Brown has made a lifetime career of tracking declining supplies of global resources. He is the founder of the Earth Policy Institute and author of the book Plan B 4.0 Mobilizing to Save Civilization, both of which provide massive data sets on the precipitous drop in key natural resources as well as […]

Oil Traders Misread Tweet, Oil Prices Spike

“Ahh Twitter. Sometimes when you combine lightening fast information distribution and humans, minor (or not-so-minor) chaos can ensue. Yesterday, the Israeli military tweeted a commemoration of the 40th anniversary of the Yom Kippur war, which took place in 1973. But the tweet referenced the bombing of Syrian airports by Soviets, and oil traders, already an […]

US Army going solar

Exploding Fuel Tankers Driving U.S. Army to Solar Power The U.S. Army is spending billions of dollars shifting toward solar energy, recycled water and better-insulated tents. The effort isn’t about saving the Earth. Instead, commanders have found they can save lives through energy conservation. It’s especially true in Afghanistan, where protecting fuel convoys is one […]

US Energy More Secure and Reliable, Thanks to Efficiency

Which energy source has had the biggest impact on meeting America’s energy needs over the past forty years? It’s not coal. It’s not oil. Not wind or nuclear. Believe it or not, it’s even bigger than all of those combined. Our greatest energy resource is energy efficiency—wasting less, and making the most out of the […]

Peak Oil Was A Lie

According to M. King Hubbert’s Hubbert peak theory, Peak oil is the point in time when the maximum rate of petroleum extraction is reached, after which the rate of production is expected to enter terminal decline. Global production of oil fell from a high point in 2005 at 74 mb/d, but has since rebounded setting […]

Global population upheaval grows

The world is going through huge population upheavals with no end in sight this century. Europe and east Asia are ageing, while developing countries across Asia and sub-Saharan Africa – with relatively young populations – could reap a so-called “demographic dividend”. The impact of families in the developed world having fewer children has already started […]

World’s Top Oil Exporter Keeps Faith in U.S. Debt

Saudi Arabia, the world’s biggest oil exporter, isn’t changing its “positive” view on the U.S. Treasuries market even as Democrats and Republicans quarrel over the debt ceiling, central bank chief Fahad Almubarak said. “The U.S. current crisis will go away and we think its effect won’t be lasting on our investments,” Almubarak said after a […]

France’s Fracking Ban ‘Absolute’

France’s constitutional court upheld a ban on hydraulic fracturing, ruling that the law against the energy-exploration technique known as fracking is a valid means of protecting the environment. The 2011 law “conforms to the constitution” and is not “disproportionate,” the court in Paris said in a decision posted on its website today. Schuepbach Energy LLC, […]

US as oil producer top dog? It’s a question of timing.

So exactly when will the US shale revolution allow the world’s biggest oil consumer to topple Saudi Arabia as the biggest global oil producer? The International Energy Agency reignited the perennial supply topic Friday with its latest monthly oil market report. According the report, the US will, at least, replace Russia as the world’s number […]

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