Is the US the World’s Largest Oil Producer?

From te article Move over, Russia: U.S. is now the world’s biggest oil and gas producer According to the above chart the US has surged ahead in “petroleum” production while Russia has dropped into third place and Saudi is coming in second. And this is from the EIA. But what does are they counting here? The […]

The Travesty of the Anti-Commons—Conclusion

As the foregoing discussion has demonstrated, the concept of the tragedy of the commons, taken together with its “killer app” in rationalizing privatization of the commons, is riddled with self-contradiction, for in order for the rights of private ownership to be exisercized, there must be a commons in which to exercise them, and in order […]

Energy Reality: What We’re For

This essay comes from the book ENERGY: Overdevelopment and the Delusion of Endless Growth Published by the Foundation for Deep Ecology in collaboration with Watershed Media and Post Carbon Institute. Download What We’re For What We’re For — Post Carbon Institute

The price of oil: It’s bad news for the Middle East

Higher oil production in the US coupled with conservation could spell trouble for petrodollar-dependent countries. The oil markets are feverish again because of events in Syria, Egypt and Libya. There is talk of $150 per barrel and dire predictions about what that all means for the future. But let’s take all that with a pinch […]

No Planes, No Trains, And No Automobiles As Record Smog Shuts Beijing

China started re-opening roads and airports in Beijing and surrounding areas that have been shut by record high levels of smog. An estimated 430 million people were expected to travel during the holiday that ends today and with the air quality index “improving” from its highest possible level to below 200 (the line between heavy […]

Judge Hears Conflicting Estimates of BP Oil Spill

For weeks after BP’s massive 2010 oil spill in the Gulf of Mexico, people across the globe were captivated by a live video feed from underwater cameras that showed the company’s blown-out well belching plumes of black crude into the water. On Monday, more than three years later, clips from the spill cam were projected […]

Breakthrough Institute on Cheap Nuclear Energy

Low cost, abundant, carbon free energy that can be quickly available is the key to averting a climate disaster.  Wind and solar energy are unreliable and lack the capacity to be produced on demand.  Energy storage technology is expensive and may not be ready in the large amounts required to overcome the flaws of wind […]

War-torn Afghanistan issues oil and gas tender

Blighted by war, corruption and drug trafficking, Afghanistan is no ordinary terrain – even by the frontier standards of the global energy and mining industries. But, with resource wealth estimated at $1 trillion (£620bn), the conflict-ravaged country has made the exploitation of its vast oil, gas and mineral reserves a centrepiece of any economic growth. […]

Dr Michael Shaver – The Intertwined World of ‘Peak’ Oil, Renewables and Sustainability

Dr Michael Shaver, Chancellor’s Fellow in the School of Chemistry, presents “The Intertwined World of ‘Peak’ Oil, Renewables and Sustainability”. In this lecture he looks at both petroleum resources and renewable feedstocks as sources of our chemical needs, and the relationship between energy and sustainability. This lecture is part of the University’s “Our Changing World” […]

What if the Norwegian oil economy is a bubble?

Two hundred and fifty thousand Norwegian jobs depend on oil. These jobs are expensive, require high technical skills and place upward pressures on national salary levels ( Norwegian manufacturing wages are 70 percent higher than the EU average). For a small country like Norway, this many oil jobs could be a recipe for financial disaster […]

The education of China’s oil company

Yang Hua was a rising star at Chinese oil giant CNOOC Ltd back in 2005. Then, the 44-year-old chief financial officer participated in one of corporate China’s biggest belly flops ever. Yang helped CNOOC, the publicly listed arm of state-owned China National Offshore Oil Corp, craft an $18.5 billion bid for Unocal Corp of Los […]

ENI: World Oil, Gas Reserves Continue to Increase

World oil and gas reserves continue to increase, confirming that operators are able to replace reserves put into production with new discoveries, according to Italian oil major ENI’s 12th edition of its “World Oil and Gas Review”. Eni said its annual statistical review of the world oil and gas market showed that 2012 global reserves […]

Making money from the Eagle Ford Shale

Newly exploited tight oil formations account for more than 100% of the increase in U.S. field production of crude oil since 2005. But that doesn’t mean it’s easy to make money getting oil out of the ground this way. Source: EIA.   The Wall Street Journal reported last week: Royal Dutch Shell (RDSA) plans to […]

How to Tell the Biggest Stories of Our Times

What does gorilla conservation have in common with the provision of contraceptives to women? How does rural-urban migration contribute to global warming? What does city planning in Kenya have to do with coastal erosion in the Philippines? Such are the topics of conversation at the 23rd annual conference of the Society of Environmental Journalists (SEJ), […]

Civil resistance as deterrent to fracking: Part Two, Shale 911

The on-the-ground citizen victory against those who represented one of the most powerful industries in the world is the result of a multi-pronged, multiyear combination of tactics that has combined into an innovative, compelling strategy. See Part One here. In Part One, Philippe Duhamel explains how La Campagne Moratoire d’une Generation (MDG), the One-Generation Moratorium […]

As US Oil Production Revives, New Vulnerabilities Appear

The expansion of US oil production is centered in a handful of states, and in particular two whose gains more than offset declines in two former production leaders. For various reasons the West Coast has missed out on this revival, straining infrastructure and creating new vulnerabilities that should be addressed. On the front page of […]

Peak Oil Denial: Abundant Nonsense 9

We don’t like bad news, particularly when it has very long term implications. Individually and collectively we tend to slip into denial mode, focus on diversions, become numbed to the reality of the situation, cling to anyone willing to assure us it just ain’t so, that things are going to get better. You can’t live […]

Fracking May Provide Most of US Energy Despite Environmental Concerns

Some of the largest known reserves of natural gas are located in the United States; our country alone has an estimated 2,400 trillion cubic feet of recoverable gas. Fracking, the process of injecting gallons of water, sand and chemicals underground at a great pressure in order to extract gas and oil from shale rock formations, allows […]

Energy, ecology, and economics revisited

We must understand the concept of net energy in order to see the underlying energetic basis for society. Yet net energy is often misunderstood, typically through optimistic measures of valuation that do not address the hidden inputs. Perhaps HT Odum’s clearest, simplest, most understandable paper on the topic was written 40 years ago, in a […]

Fukushima and our inability to gauge risk

Perhaps the most important energy story on the planet right now is the precarious situation for fuel rods stored in a damaged building at the Fukushima nuclear power station in Japan, site of the worst nuclear power plant disaster in history. It’s a story that has actually been important for a while because an earthquake–in […]

David Stockman Explains The Keynesian State-Wreck Ahead – Sundown In America

David Stockman, author of The Great Deformation, summarizes the last quarter century thus: What has been growing is the wealth of the rich, the remit of the state, the girth of Wall Street, the debt burden of the people, the prosperity of the beltway and the sway of the three great branches of government – […]

Shell Opens Iraqi Oil Field

PLC officially opened Iraq’s Majnoon oil field in the south of the country on Sunday, aiming to reach 175,000 barrels a day in the coming weeks and passing a big milestone for both Shell and Iraq. Majnoon, located near the city of Basra in southern Iraq, is one of four major fields that the country […]

From Cascading Complexity To Systemic Collapse: A Walk Thru “Society’s Equivalent Of A Heart Attack”

Over a year ago, FEASTA’s David Korowicz stunned the world with his fascinating analysis titled “Trade-Off: Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse,” in which he shone a much needed light on the “weakest link” choke points of modern hyper-complex society: a forensic investigation into a “Minsky Moment” thought experiment gone wrong, […]

John Michael Greer: The Flight to the Ephemeral

I’d meant to devote this week’s post to exploring the way that new religious movements so often give shape to emerging ideas and social forms during the decline of civilizations, and to sketch out some of the possibilities for action along those lines as industrial society moves further along its own curve of decline and […]

Brazil to Announce Massive Offshore Oil Discovery on Oct. 23

Brazilian officials plan to announce the discovery of a gigantic offshore oil area near Sergipe state on Oct. 23, a find that could be the country’s biggest outside the massive “subsalt” area off its southern coast, the state government said. Brazil’s Energy and Mines minister, Edison Lobão, will “officially announce the discovery” during a visit […]

Tumbling Tide: Population, Petroleum, and Systemic Collapse

Some afterthoughts on Tumbling Tide: Population, Petroleum, and Systemic Collapse (London, Ontario: Insomniac Press, 2013) EXPLANATIONS, LEVEL OF: I always try to keep in mind my targeted audience. And that targeted audience is what I call “the educated general reader.” That may sound like an oxymoron, but I mean that I’m not writing for academics, […]

Saudi Arabia not worried about U.S. debt limit

The central bank of Saudi Arabia, one of the world’s top holders of U.S. government bonds, said on Saturday it was not worried by the political deadlock in Washington that could cause the United States to default on its debt. Asked if he was concerned, central bank governor Fahad al-Mubarak told reporters: “No. They have […]

World Population to Hit 9.7 Billion by 2050

The world’s population will climb to 9.7 billion people by 2050, according to a new French study on Wednesday, with India expected to overtake China as the world’s most populous nation with a staggering 1.6 billion residents. The report by the French Institute of Demographic Studies mirrored similar projections in recent months by both the […]

Predicting the timing of peak oil

This Article Predicting the timing of peak oil is composed of Creative Common Content. The Original Article can be location at WikiPedia.org. Various sources predicting the timing of peak oil include assertions that it would peak decades ago that it has recently occurred that it will occur shortly or that a plateau of oil production […]

The End Of Nuclear Energy In Japan?

“I’m calling for zero nuclear power,” said Junichiro Koizumi, the hugely popular former prime minister of Japan, on Tuesday at a lecture in Nagoya. He’d served from 2001 to 2006. In 2005, he’d led the Liberal Democratic Party to win an extraordinarily large parliamentary majority. Then he groomed Shinzo Abe to become his successor. By […]

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