Iranians Pull Out of Nuke Talks

Update: White House defends implementation of sanctions, tells reporters to question Iranian delegation Iranian negotiators abruptly ended nuclear talks with Western powers in Vienna on Friday just a day after the Obama administration announced tighter sanctions on Tehran. Iran had threatened that new or tighter sanctions would nullify the recently reached Geneva interim deal, which […]

The curious case of the oil and gas engineer who really wasn’t

Every journalist’s nightmare is to use a quote from somebody who is not really who they say they are. And something like that has now come to the fracking debate. The Telegram, a newspaper based in St. John’s, Newfoundland, last week ran a letter from a Syd Peters. He claimed to be an engineer based […]

Bakken Update, Is Production Slowing Down?

The Bakken production data published by North Dakota is out with October production data. ND Monthly Bakken Oil Production Statistics (Bakken Only) and ND Monthly Oil Production Statistics (All North Dakota). The below chart is North Dakota Bakken barrels per day and All North Dakota Barrels per day. As you can see it’s mostly Bakken and […]

The Next Financial Paradigm?

Zero Hedge users mostly agree the financial system will implode.  It doesn’t take more than high school math skills to calculate that the current debt based money system has implosion built in, and it’s guaranteed (this is one rare case we can use such a word in finance!), because at some point, not enough new […]

The curse of slavery, the curse of oil

Chiwetel Ejiofor in the film 12 Years A Slave. Against all odds, a film based on a 150-year-old, almost forgotten book has generated international acclaim and is positioned to sweep multiple Oscars categories. The recently-released film 12 Years A Slave is based on the autobiography of the same name by Solomon Northrup, a free black […]

The End of Power: Review

* Book: THE END OF POWER. By Moises Naim. From a review by Tom Atlee: “Moises Naim’s new book THE END OF POWER should properly be called “The Decay of Power”. His thesis is that while it is becoming easier to get power, it is also becoming harder to use it to control others and […]

The Fire This Time

A few days ago I watched the documentary Chasing Ice, as part of our local Transition initiative’s film series. What really struck me in the film was the narrator’s four word comment about 1/3 through the film when he was discussing what we can/should do about arctic melting and runaway climate change: “There is no […]

Post Carbon Institute: The Next 10 Years

by Richard Heinberg During the past decade Post Carbon Institute’s influence has grown markedly, thanks in no small part to all our supporters and allies. And we’re proud of the impressive list of accomplishments we’ve racked up (see this) in that time. Where do we go from here? That depends on what’s needed and what’s […]

The Future Of Planet Earth: Are We The Last Surviving Generations? Radioactivity And The Gradual Extinction Of Life

Interviewer: I think you did a lot of research about the radiation, even when it is a low radiation where usually it is said: “Don’t worry, no problem at all”. What have you found out about the effects of low radiation in the long run? Bertell: Well, my background is as a researcher. And I […]

Mexican Congress Approves Historic Energy Bill

Mexico’s Congress voted Thursday to open the country’s moribund state-run oil industry to foreign and domestic investors, casting aside nationalist opposition to approve the most dramatic energy reform in seven decades. The 353-134 vote will allow the government to give private companies contracts and licenses to explore and drill for oil and gas, deals now […]

Showdown on Iraqi Kurds’ oil, gas is looming

The thorny dispute over Iraqi Kurdistan’s oil riches is likely to heat up in the weeks ahead, aggravating tensions in a flashpoint region at a time when al-Qaida bombers are wreaking havoc across the country spurred by the civil war raging in next-door Syria. The semi-autonomous Kurdish Regional Government in the Kurdish enclave that spans […]

‘Isn’t That What America Is All About?’

Terry Thompson was on vacation when Chrysler went bankrupt and word hadn’t reached him about the closing of Jefferson North. So as he pulled into the parking lot Monday morning, May 4, 2009, he was stunned to see nothing but empty spaces. “It was an eerie feeling,” he said. “I thought, `This isn’t right.”‘ He […]

Exxon: Rising Living Standards Propel Energy Needs

Exxon Mobil says the drive for higher living standards around the world will keep demand for electricity and transportation fuels growing even as economies get more efficient and governments put a price on pollution. The company’s annual long-term energy outlook, released Thursday, predicts world energy demand will grow 35 percent by 2040 as electricity and […]

The great suffocation – will we have enough oxygen to breathe?

  The oxygen concentration in the atmosphere as recorded at the Mauna Loa observatory (link). It is going down and the obvious explanation is that it is the result of our burning of fossil fuels. But do we risk to suffocate ourselves in this way? Fortunately, that’s very unlikely, at least in the short run. […]

US Energy Independence: Another Pipe Dream

Tank cars offload crude, likely from the North Dakota Bakken formation. Photo by Roy Luck. Creative Commons licensed. One of Canada’s top energy analysts has warned investors and geologists that “the shale revolution” will not meet conventional expectations as a so-called game-changer in energy production. Speaking at the Denver meeting of the Geological Society of […]

Iran, world powers work on how to implement nuclear deal

Experts from Iran and six world powers labored for a fourth day on Thursday to work out exactly how to implement last month’s breakthrough deal for Tehran to curb its nuclear program in return for limited sanctions easing. The length of the closed-door discussions at the Vienna headquarters of the U.N. nuclear watchdog indicated the […]

Natural gas demand to rise by 65% by 2040

Natural-gas prices on Thursday logged their highest close in more than two years as freezing temperatures throughout much of the U.S. boosted the demand outlook for the heating fuel, lifting prices for a fourth-straight session. Oil futures, meanwhile, settled with a minor gain finding some support as a rise in U.S. retail sales buoyed the […]

World needs 70% more food by 2050

The world will need 70 per cent more food, as measured by calories, to feed a global population of 9.6 billion in 2050, and must achieve this through improvements in the way people produce and consume, according to a report from the United Nations and its partners. “Over the next several decades, the world faces […]

Millennials like the suburbs

It is a habit of haters of the suburbs to regularly predict the imminent demise of the quarter-acre tract home good life. These predictions date to the post-World War II housing boom, from Lewis Mumford’s distaste of Levittown and places like it (“An encapsulated life spent more and more either in a motor car or […]

Ukraine’s Two New Energy Deals

If one was to believe the picture that most Western media outlets are painting, Ukraine has been lost to Russia. Though the country fought valiantly to sign an Association Agreement with the European Union in Vilnius, Lithuania last month, President Viktor Yanukovych suspended negotiations with the EU at the last possible moment, betraying Ukrainians everywhere. […]

Peak Car? We’re Not Even Close

The term “peak oil” has been around for decades, referring to when domestic oil production in America would peak. The jury is still out on peak oil, though the latest term to go around is “peak car”, with some studies indicating that the American car market is over saturated, and shrinking. But on a global […]

Oil production outside Opec at modern peak

PRODUCTION outside the world’s traditional oil-rich nations has ballooned during the past year, rising to nearly half of the global output. According to the latest report on the market by the International Energy Agency (IEA), countries outside the Organisation of Petroleum Exporting Countries (Opec) are producing the most that they have in decades. States not […]

Natural Gas Prices Will Nearly Double By 2015

Energy analyst discusses the outlook for natural gas and oil. Phil Flynn is senior energy analyst and a futures account executive at Chicago-based The Price Futures Group. He is one of the world’s leading energy market analysts and a daily contributor to Fox Business Network, where he provides market updates and analysis. HardAssetsInvestor: Natural gas […]

John Michael Greer: Great Man is Dead

The satiric faux-journalism of last week’s post here on The Archdruid Report was meant as a bit of edged humor at the expense of the overinflated self-image of humanity that’s been fostered by the cult of progress, and I’m glad to say that most of my readers took it as such. I fielded a few […]

The Peak Oil Crisis: California’s Bubble Pops

There was an important study released by the Post Carbon Institute last week that gives us an insight into how long our great shale oil bonanza or more likely bubble is going to last. As you might suspect, the thrust of the new report is bad news so we are unlikely to ever read much […]

Program to Use Russian Nukes for US Electricity Comes to an End

Inside these cylinders lies uranium that was once part of a Soviet nuclear weapon. Today it’s being used in the US as fuel for commercial nuclear reactors. DOWNLOAD MP3 (NPR) Here’s a remarkable fact: For the past two decades, 10 percent of all the electricity consumed in the United States has come from Russian nuclear […]

OPEC Update, November Production Data

OPEC just published their latest Monthly Oil Market Report with crude only production data through November 2013. Their October numbers were revised downward by 67,000 barrels per day to 29,827 kb/d. Their November production was 29,633 /b/d. That was 261 kb/d below their unrevised October production and 194 kb/d below their revised October production numbers. OPEC production […]

Deepwater Oil Drilling in Gulf Included in Budget Deal

Deepwater oil and gas exploration would be allowed to proceed in parts of the western Gulf of Mexico as part of a budget compromise announced yesterday. Language in the legislation would implement a 2012 U.S.- Mexico Agreement concerning hydrocarbon reservoirs in parts of the gulf that cross the international maritime boundary. U.S. domestic crude production […]

Canada Plans Claim That Would Include North Pole

Canada plans to make a claim to the North Pole in an effort to assert its sovereignty in the resource-rich Arctic, the country’s foreign affairs minister said Monday. John Baird said the government has asked scientists to work on a future submission to the United Nations claiming that the outer limits of the country’s continental […]

Japan sets aside $1 billion for nuclear fallout storage

  The total cost of Japan’s Fukushima nuclear plant meltdown may never be known, but the country has at least put a number on how much it anticipates storing the radioactive debris will cost it. Asahi Shimbun reports that the 2014 Japanese budget includes a 100 billion yen provision (roughly $970 million) for the purchase and […]

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