Natural Gas to Overtake Coal by 2035

The latest projections from the Energy Information Administration (EIA) are unlikely to quell concern in the coal industry, as the EIA has increased its projections for natural gas production and power burn, while continuing its gloomy outlook for coal. The EIA’s Annual Energy Outlook Early Release, posted Dec. 16, boosts its estimates of natural gas […]

Heinberg: Puerto Rico in a world in transition

Richard Heinberg presenting at Universidad Metropolitana (UMET) Puerto Rico. Recorded August 28th 2013. The video has a Spanish intro and then switiches to Richard presenting in English at 3:30 mins. Read Richard’s Puerto Rico trip report Resilience.org

Consumerism and Happiness

The Gift of Death George Monbiot, Monbiot.com There’s nothing they need, nothing they don’t own already, nothing they even want. So you buy them a solar-powered waving queen; a belly button brush; a silver-plated ice cream tub holder; a “hilarious” inflatable zimmer frame; a confection of plastic and electronics called Terry the Swearing Turtle; or […]

EIA: U.S. shale oil production to peak in 2021 at 4.8 mln bpd

Production from shale formations in the United States, which has led to an unexpected reversal in long declining oil output, will peak at 4.8 million barrels per day (bpd) in 2021, according to an Energy Information Administration forecast issued on Monday. This year is the bumper year for production out of the tightly packed shale […]

When wil US Light Tight Oil (LTO) Peak?

Ron Patterson has graciously allowed me to cross post this here.  It originally was posted at oilpeakclimate.blogspot.com  The rapid rise in oil output since 2008 has the mainstream media claiming that the US will soon be energy independent.  US Crude oil output has increased about 2.8 MMb/d (56%) since 2008 and about 2 MMb/d is from the […]

Energy Department predicts near-record oil output, moderate gasoline prices; natural gas soars

The Energy Department says the nation’s energy picture is getting ever rosier. Production is rising, consumption is slowing, and prices are expected to remain in check. According to the Energy Department’s annual outlook, domestic oil output may regain the peak it reached in 1970 over the next two years and gasoline prices will fall over […]

Is Poland the Next Major Shale Gas Producer?

European Nation Moves Closer to Production I’m talking about Poland.  In an attempt to broaden its energy portfolio and wean itself off Russian natural gas, a renewed push for shale development is kicking off. As of last month, new Polish Environment Minister Maciej Grabowski has made it a personal mission to turn Poland around and […]

Has Shale Broken OPEC’s Grip?

Peter Dupont has been involved in investment research for 30 years in the industrial and resource sectors. Between 1983 and 1998, he worked for Union Bank of Switzerland (UBS) in London covering engineering and metals stocks. In early 1998, Dupont moved to Commerzbank to head its research activity in the European and UK metals and […]

India may face gas shortage

New Delhi: A Parliamentary standing committee has expressed fear that India could witness acute shortage of natural gas in two years, which may not be met even through imports due to lack of infrastructure. “As the government pursued the economic policy to achieve high growth, the demand for natural gas has also sharply increased in India […]

Relational Foodsheds?

What is it, really, that I am up to with my current work? Don’t you ask that yourself? Where is this leading me? What has me so in its grip? Relational eating is one part – the personal, spiritual, embodied, earthy self-as-eater. Community food systems, or as I say in my new book, complementary food […]

U.S. forecasts natural gas boom through 2040

The production of both oil and natural gas is now booming in the United States, but a new 30-year federal forecast sees a falloff in oil after 2020. It expects no slowdown for natural gas. America’s energy boom will continue for decades, and natural gas will replace coal as the largest source of U.S. electricity […]

Canadian billionaire predicts end of US Dollar as world’s reserve currency

Canadian billionaire businessman Ned Goodman predicts the end of the U.S. Dollar as the world’s reserve currency. He says the transition out of the U.S. Dollar will become, “…quite ugly.” He delivered the lecture at Cambridge House’s Toronto Resource Investment Conference 2013 on Thursday, September 12, 2013.

As America enjoys cheap gas, Asia’s top buyers to pay more

* Already paying world’s highest gas prices, Asia buyers set to pay more * LNG contracts being renegotiated as demand outpaces supply in region * Cheap U.S. shale gas yet to make it onto global markets Asia’s biggest economies face paying twice as much for some natural gas as old supply deals are renewed, with […]

Iran Minister Says Nuclear Talks Will Continue

Iran Foreign Minister Mohammad Javad Zarif said the Islamic Republic is committed to reaching an accord over nuclear activities even as the U.S. seeks to punish companies for possibly violating sanctions. Zarif, in an interview today on CBS’s “Face the Nation” television program, said it was “a very wrong move” for the U.S. government to […]

Pakistan Government all set to increase gas tariff by up to 124 percent

The government is all set to increase gas tariff for all the gas consumers, excluding domestic sector, ranging from 14 to 124 per cent. Gas utilities – Sui-Northern Gas Pipelines Limited (SNGPL) and Sui-Southern Gas Company Limited (SSGCL) – have submitted the petitions with Oil and Gas Regulatory Authority (Ogra), which is expected to approve […]

‘Watch what we do, not what we say’: Shell cancels U.S. gas-to-liquids plant

When civil rights advocates grew restless because of President Richard Nixon’s right-wing rhetoric on the issue of desegregation, then-Attorney General John Mitchell told them, ”Watch what we do, not what we say.” Those following the hype over America’s supposed newfound abundance of oil and natural gas would do well to follow that advice when evaluating […]

The Future of Fusion with ITER

The importance of Fusion for our future and an introduction to the ITER project

No big wells found in northcentral Montana this year

The recent spurt in oil production in eastern Montana probably will continue for at least a year, a top Montana oil and gas official said, but efforts to find a similar big “resource play” in northcentral Montana are not panning out yet. In another top trend, Tom Richmond, longtime administrator for the Montana Board of […]

Fuel Economy Hits Record High

The official numbers are in. In its new Fuel Economy Trends report the U.S. EPA finds that new automobiles sold in model year 2012 averaged a record-high 23.6 miles per gallon (sticker value) and that model year 2013 is expected to continue the upward trend to reach a new record of 24 mpg. In recent […]

4 Reasons Why China Needs Chevron

On December 6, Chevron announced that it would delay its $6.4 billion Chuandongbei gas project in China due to disagreements with partner PetroChina on how to develop the field. The project is Chevron’s largest investment in China and is slated to produce around 7.6 billion cubic meters of natural gas per year.   For Chevron, China […]

The trend to watch is peak car

We all spend so much time looking at the dramatic changes on the supply side of the energy business that we risk overlooking the more gradual but equally important shifts on the demand side. To correct that its worth looking at some new work from the Transportation Research Institute picked up in the excellent Energy […]

Exporting American Oil: A Primer

Exxon Mobil says the U.S. should lift its decades-long restriction on exporting crude oil.  ”We are not dealing with an era of scarcity, we are dealing with a situation of abundance,” Ken Cohen, Exxon’s vice president of public and government affairs, told the Wall Street Journal. Here’s what’s behind the ban – and the energy […]

Trains From North Dakota Will Now Carry More Crude Oil Than Keystone XL Would

  A train leaves a crude oil loading terminal near Epping, ND. CREDIT: AP Photo/Rangeland Energy, LLC A top official at North Dakota’s Mineral Resources Department said Thursday that as much as 90 percent of the state’s crude will move by freight rail in 2014, just one day before announcing record oil production of almost […]

Why crude ignores Iran

Judging by the oil markets’ knee-jerk response to last month’s interim deal with Iran, one might have thought we are back in the heady days when oil was at the heart of global politics, industry, and commerce. Well we aren’t, and in fact we also won’t return there after the sanctions will be lifted. Traders […]

How the Paper Money Experiment Will End

A paper currency system contains the seeds of its own destruction. The temptation for the monopolist money producer to increase the money supply is almost irresistible. In such a system with a constantly increasing money supply and, as a consequence, constantly increasing prices, it does not make much sense to save in cash to purchase […]

Is War With China Inevitable?

As a general rule, extreme economic decline is almost always followed by extreme international conflict. Sometimes, these disasters can be attributed to the human survival imperative and the desire to accumulate resources during crisis. But most often, war amid fiscal distress is usually a means for the political and financial elite to distract the masses […]

Farming´s Future: New insights into the agricultural landscape

As the global population continues to rise and arable land becomes scarcer, global food security faces a tough challenge. According to the forecast of the Food and Agriculture Organization of the United Nations (FAO), food production needs to increase by some 70 percent until 2050. “To help advance world food security in light of this […]

Front End Loader Dreams

This Week: 1. 19 COPs won’t do 2. Mi’kmaq kick out the frackers 3. Thai pigs back the fuck down 4. Front End Loader Dreams 5. Greek cops on Fire 6. B.o.B. 7. Black Peter is Racism

Inexpensive oil vanishing at alarming rate

The United States is awash in shale oil. Iran, once OPEC’s second-largest producer, is slowly ramping up output. Oil consumption growth in the Western world has been somewhere between negative and flat since the 2008 financial crisis. The “peak oil” theory has pretty much vanished, along with The Oil Drum, the bible of peak oil […]

Sun Is Weakest in a Century

The sun’s current space-weather cycle is the most anemic in 100 years, scientists say. Our star is now at “solar maximum,” the peak phase of its 11-year activity cycle. But this solar max is weak, and the overall current cycle, known as Solar Cycle 24, conjures up comparisons to the famously feeble Solar Cycle 14 […]

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