OPEC oil output less than 30 million b/d

Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell below 30 million barrels per day (b/d) for the first time in more than two years in September, as maintenance work at Iraq’s southern facilities slashed the country’s exports and Libyan production was further reduced by ongoing strikes and protests, a just-released […]

Peak Oil: Energy Education

An observation worth noting … and pondering, from Jesse Parent: Energy at times is most easily seen through its manifestations or consequences: the environmental impact of the BP oil spill or pending Keystone XL pipeline, or the economic impact of US domestic shale gas production or advanced  nanotechnology R&D. Of course, the price of gas, […]

IEA Sees Oil Output Outside OPEC Rising Most Since 1970s

The International Energy Agency estimates that non-OPEC oil producers led by the U.S., Canada and Kazakhstan will bolster supplies next year by the most since the 1970s, undermining the need for OPEC’s crude. Producers outside the Organization of Petroleum Exporting Countries will increase 2014 output by a near-record 1.7 million barrels a day to 56.4 […]

Shell’s Shale Oil Shutdown: 1-800-Dry-Hole

By Steve Andrews. Early last week, Shell Oil announced it was shutting down its oil shale research project in western Colorado. Combine their departure with Chevron’s exit back in February 2012 and you can count another nail in oil shale’s coffin. Yet since this unconventional resource ranks among the largest in the world, estimated by […]

Robert Rapier: Why Gasoline Prices are Falling

Fall Means Falling Gasoline Prices Fall is always a welcome change of pace for most people after a long, hot summer. Not only from the temperatures, but fall almost always brings relief at the gasoline pump. Pundits frequently notice this phenomenon during election years, and assume that vested interests are trying to manipulate prices to […]

Government And Oil Industry Need ‘Regulatory Detente’

Regulation after regulation has been thrown at the oil and gas industry by federal and state agencies since 2009. All 13 federal agencies that regulate a portion of the oil and gas industry have tried in some way to make it more difficult to drill, produce and refine hydrocarbons in the United States. The Environmental […]

Heinberg: Shutdown and default: the worst-case scenario

I’m not saying the worst is going to happen. But if it does, matters could get depressingly bad, disturbingly fast. How bad? Start with Treasury Secretary Jack Lew’s estimate of the potential damage from a failure by Congress to increase the nation’s borrowing limit. On Sunday morning’s TV talk shows, he pointed out that credit […]

Brazil oil workers plan indefinite strike

Brazil’s national oil worker’s federation could start an indefinite strike on Oct. 17 if a pay dispute with state-run oil company Petroleo Brasileira SA is not resolved. The workers have rejected Petrobras’ proposal offering a raise between 1.17 percent and 1.5 percent while workers want 5 percent, according to a statement on the federation’s website […]

40 Percent of Utilities Predict ‘Complete Transformation’ by 2030

The words “utility” and “transformational” are rarely, if ever, tossed together in the same sentence. Yet utilities say they are expecting an overhaul of their business in the coming decades, and many realize such a metamorphosis is essential to survival. The 13th annual global survey of utility executives from consulting firm PwC found that 94 […]

North Dakota suffers first big oil spill

A Tesoro Logistics LP pipeline has spilled more than 20,000 barrels of crude oil into a rural North Dakota field, the biggest leak in the state since it became a major U.S. producer. The pipeline was carrying crude oil from the Bakken shale play, which has boosted North Dakota’s state production to the second-biggest in […]

3 Disturbing Fukushima Facts The Government Is Covering Up

The mega Fukushima meltdown continues to assault the planet on a daily basis with barrages of radioactive fallout that have infiltrated everything from our international food supply to the Pacific Ocean. But instead of alerting us to this reality and helping us to be prepared for what’s coming, both the United States and Japanese governments […]

Rob Hopkins: The Transition Away from Fossil Fuels

On October 3, 2013, Tufts Peace and Justice Studies Program hosted a conversation with Rob Hopkins, founder of the international Transition Towns Movement, to learn how communities across the country and around the world are transforming their economic, energy, and food systems to be sustainable, just, and resilient. Following Rob’s talk a panel of local […]

Sustainability of Agriculture Depends on Fracking Regulations

California is the 4th largest oil and gas producing state; according to the Western States Petroleum Association, California received a combined $5.8 billion in fuel excise, corporate, and personal income taxes in 2009. The state is also home to the largest oil shale play in the nation, the Monterey Shale – containing 15 billion barrels […]

Iran Wants Atomic Resolution Through Negotiations

Iran wants to resolve an impasse with Western powers over the nation’s disputed nuclear program through talks, the speaker of its parliament said today, ahead of a planned resumption of their dialogue. “My feeling is that Iran wants to see a resolution to the matter through political negotiations,” Ali Larijani, also a former nuclear negotiator, […]

Pickens Drills Down On Saudi Oil And Comes Up A Duster

  English: Washington, DC’s Metrobus powered with compressed natural gas. (Photo credit: Wikipedia) T. Boone Pickens has an outsized presence in America’s oil industry, but not particularly because of his exploration and production activities.  He shook up the US oil industry in the 1980s with his so-called greenmailing activities, rightly arguing that some companies were […]

Review: The Five Stages of Collapse by Dmitry Orlov

At some point, those of us who accept the inevitability of a complete societal collapse, driven by resource depletion and rapid climate change, have to wonder what more can be gained by our continued attempts to persuade the masses. Granted, our efforts do succeed in enlisting a steady trickle of new recruits into the ranks […]

Shell chief warns of oil crunch without more investment

Royal Dutch Shell chief executive Peter Voser is to call on the global energy industry to continue investing heavily in costly new production projects to avoid a return to the days of record high oil prices weighing on global growth. ”Supplying the world’s energy needs will be extremely tough,” Mr Voser will say in a […]

The Coming Plague

A climate plague affecting every living thing will likely start in 2020 in southern Indonesia, scientists warned Wednesday in the journal Nature. A few years later the plague will have spread throughout the world’s tropical regions. By mid-century no place on the planet will be unaffected, said the authors of the landmark study. “We don’t […]

China passing US as biggest oil importer

China has achieved another world-beating status its leaders don’t want: Biggest oil importer. China passed the United States in September as the world’s biggest net oil importer, driven by faster economic growth and strong auto sales, according to U.S. government data released this week. Chinese oil consumption outstripped production by 6.3 million barrels per day, […]

Fukushima radiation levels hit 2-year high

Seawater just outside one of Japan’s damaged Fukushima Daiichi reactors registered radiation levels on Wednesday 13 times the previous day’s reading, the operator of the crippled nuclear plant said on Thursday. Japan’s Tokyo Electric Power Company (TEPCO), said combined Cesium-134 and Cesium-137 readings just outside the damaged No. 2 reactor jumped to 1,200 becquerels per […]

EIA Foresees Higher U.S. Gasoline Demand With Lower Pump Prices

The U.S. Energy Information Administration raised its 2013 forecast for gasoline consumption by 0.1 percent from last month’s estimate to 8.71 million barrels a day. Gasoline demand in 2014 may be 8.67 million barrels a day, up from last month’s forecast of 8.66 million, the statistical arm of the Energy Department said today in its […]

Cost Of PV Cells Has Dropped 99% Since 1977, Bringing Solar Energy To Grid Parity

The price of solar photovoltaic cells has dropped 99% in the past quarter century. So in an increasing number of markets around the country, solar is at or very close to grid parity. Consider Colorado. The Denver Business Journal reported last month the results of months-long competitive bidding process: Xcel Energy Inc. is proposing to […]

Don’t forget about Syria just yet

Mika Minio-Paluello, Anna Galkina and James Marriott are travelling in North America as part of a book-tour to promote The Oil Road – Journeys from the Caspian to the City of London. You can find more info about their confirmed speaking dates in Virginia, the Bay Area, Toronto, Baltimore and Washington DC, New Orleans and […]

Plundering the planet: a report to the Club of Rome

This is a text version of a talk I gave at the World Resource forum in Davos on Oct 07, 2013. For a more detailed description of the same subject, see this post on an earlier talk in Dresden.   Ladies and gentlemen, it is a pleasure to be here and my task today is […]

Kazakhstan Oil and Gas Minister: Global oil production will peak in 2030

Global oil production is expected to peak in the 2030s, Tengrinews reports citing Kazakhstan Oil and Gas Minister Uzakbai Karabalin. “Energy consumption is expected to grow 30-40 percent by 2030. The planet’s population will reach 8 billion people and China and India will be home to around one third of the population,” the Minister said […]

Training the fusion generation

Twenty promising students with a high level of specialization in fusion were the recipients on 27 September of the first Fusion Master and Fusion Doctorate certificates awarded by FuseNet, the European Fusion Education Network that was established in response to the emerging need to educate the “ITER generation.”   With fusion research transitioning from the […]

Heinberg: Chapter 3 – A Treadmill to Hell

This article is an excerpt from Richard Heinberg’s new book SNAKE OIL: How Fracking’s False Promise of Plenty Imperils Our Future. Given the urgency and importance of the issues we are serializing the book here at Resilience.org Read Part 3: Chapter 2 – Technology to the Rescue The tiny ghost town of Desdemona is situated in […]

Balancing Geological Potential and Political Risk: Interview with Tony Hayward

Did you ever wonder what happened to BP’s CEO Tony Hayward who was forced to resign during the Deepwater Horizon oil spill? We caught up with Tony the other day and spoke about his new company, Genel Energy and covered in great detail the opportunities within Kurdistan and Somaliland. It’s a very interesting interview as […]

International Monetary Fund Trims Global Growth Forecast

The International Monetary Fund trimmed its forecasts for global output on Tuesday for the sixth time since early last year, saying stronger growth in most advanced economies would fail to make up for a more sluggish expansion in the developing world. Prospects for emerging markets, long the engine of the global recovery, have dimmed somewhat […]

Encyclopedia Britannica – peak oil theory

Peak oil theory, a contention that conventional sources of crude oil, as of the early 21st century, either have already reached or are about to reach their maximum production capacity worldwide and will diminish significantly in volume by the middle of the century. “Conventional” oil sources are easily accessible deposits produced by traditional onshore and offshore […]

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