China Hard Landing War-Gamed for World Economy

A hard landing in China would hobble global growth and buoy the dollar, says Societe Generale SA in a study that war-games the international implications of a steep decline in China’s expansion. A plunge to 2 percent from more than 10 percent in 2010 would be enough to slash 1.5 percentage points from worldwide economic […]

Food, Water, and Fuel Are Necessary to Life and Investors

Interview with Bob Moriarty Bob and Barb Moriarty brought 321gold.com to the Internet over 10 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Bob was a Marine F-4B […]

Iranian Oil Exports Soar as Sanctions Collapse

Iranian oil exports soared in January, hitting new highs just months after the United States consented to billions of dollars in economic sanctions relief under the interim nuclear deal. Exports of Iranian crude oil jumped to 1.32 million barrels, up from December’s high of 1.06 million barrels, according to data from the International Energy Agency. […]

The economics of shale oil

Frackin’ the Bakken DENNIS LITHGOW is an oil man, but sees himself as a manufacturer. His factory is a vast expanse of brushland in west Texas. His assembly line is hundreds of brightly painted oil pumps spaced out like a city grid, interspersed with identical clusters of tanks for storage and separation. Through the windscreen […]

The World’s Ticking Population Bomb

Demographers are not as worried today as they were several decades ago about the prospect of a “population bomb,” a scenario where so many people come to populate the planet that we exhaust its resources. Population growth has slowed in many parts of the world. And in much of North America, Europe, China, and Brazil, […]

UK To Get Hands-On In Quest For Remaining North Sea Oil

Britain is likely to have to ditch its hands-off approach to the oil industry for a mix of regulation, tax breaks and investment if it is to reap the benefits of the billions of barrels of hard-to-extract oil remaining under the North Sea. Changing the way an industry has worked for decades will be no […]

Energy and the Environment

As is all too often currently presented, energy and the environment need not be an either/or proposition. One cannot refute the fact that an abundance of energy, primarily from fossil fuels, has been a boon to mankind over the past 250 years. For about the last 35 years however, it has been abundantly clear those […]

Robust Demand Tightening Oil Market, IEA Says

Stronger-than-expected demand has drained oil inventories to the lowest level since 2008, tightening the market and defying predictions of a glut, the West’s energy watchdog said on Thursday. The International Energy Agency (IEA) said oil inventories in the developed world plummeted by 1.5 million barrels per day (bpd) in the last three months of 2013, […]

Will We Reach ‘Peak Cars’ Within Our Lifetime?

“Peak oil” is the term given to the date after which extraction and production of oil enters terminal decline. It doesn’t mean the oil is necessarily running out–more that its extraction becomes less viable as time goes on. Some suspect a similar thing is happening with automobile use in the U.S, as running a vehicle […]

No Janet Yellen, The Economy Is Not “Getting Better”

On Tuesday, new Federal Reserve Chairman Janet Yellen went before Congress and confidently declared that “the economic recovery gained greater traction in the second half of last year” and that “substantial progress has been made in restoring the economy to health”.  This resulted in glowing headlines throughout the mainstream media such as this one from […]

Shale Presents Competition for Arctic Oil, Gas Development

The Arctic region holds significant untapped oil and gas resources, but Arctic development faces major competition from unconventional oil and gas resources and other alternative hydrocarbon sources, according to a panelist speaking at the Arctic Technology Conference Wednesday in Houston. The conference highlighted the latest in technology and strategies for all aspects of Arctic exploration […]

Will That $25 Light Bulb Really Save You Money?

y use, LED lights 1 13 1 15 You’re familiar with the situation.  You go to the store to replace a couple light bulbs that burnt out and you’re faced with an entire aisle of options: incandescents, LEDs, CFLs, halogens.  Which one do you buy?  There are many factors that will influence your decision, but […]

Peak Oil and the socio-economic impact of depleting fossil fuel resources

Kurt Cobb is an author, speaker, and columnist who speaks and writes frequently on peak oil, energy and the environment. He is a regular contributor to The Christian Science Monitor and has written columns for the Paris-based science news site Scitizen. Kurt’s writings have been featured on Resilience, The Oil Drum, OilPrice.com, Investing.com, Peak Oil […]

Peak Oil: More Facts Ruining Happy Talk

THE PREMISE Population is a sensitive subject, but it is noteworthy that by 2050, oil supply will have fallen to a level able to support less than half the current population in its present way of life [1] Oil buyers apparently know the Western world’s economic recovery will boost consumption, since growth and oil use […]

Why gasoline could spike 10 percent in the near future

Gasoline could jump anywhere from 15 to 40 cents a gallon over the next several months, but it could be one of the cheapest summer driving seasons in several years. GasBuddy.com predicts that more expensive gasoline is on the horizon, as refiners go into annual maintenance mode for the shift to summer fuels. Regular gas […]

The return of peak oil and Mikhail Khodorkovsky

Peak oil entered our lexicon in 1956 and has since framed countless discussions regarding the finite nature of our Earth’s hydrocarbons. In the energy world, no other phenomenon has more frequently traversed the ground between relevance and obsolescence. However, the idea itself has several interpretations. Peak oil is relatively independent of the volume of total […]

Population bomb may be defused, but research reveals ticking household bomb

After decades of fretting about population explosion, scientists are pointing to a long-term hidden global menace. The household. More specifically, the household explosion. In the current edition of Population and Environment, Jianguo “Jack” Liu, director of the Michigan State University Center for Systems Integration and Sustainability, and former MSU students Mason Bradbury and Nils Peterson […]

No oil, but a phosphate future for Saudi desert outpost

* Industrial complex planned in far north around phosphate mine * Total investment to cost $9 billion * Part of Saudi strategy to diversify from oil * Oil and gas still roughly half of Saudi GDP * Future oil revenue uncertain if prices hit by U.S. shale oil Billboards on the highway outside Turaif, a […]

Grantham: Wind, solar to replace fossil fuels within decades

Legendary hedge fund investor Jeremy Grantham says there is no doubt that solar and wind energy will “completely replace” coal and gas across the globe, it is just a matter of when. The founder of $100 billion funds manager GMO Capital is known as a contrarian. But he suggests that the pace of change in […]

America’s “Black Gold” Rush Is Leading To Soaring Homelessness

Lured by the promise of jobs created by the oil and gas boom, unemployed people are flocking to North Dakota en masse. This is heralded by many in the mainstream media as great news – labor mobility at its best – however, there is a darker side: rents are surging and finding a place to […]

The die off of the top predator

The post below, by Dmitry Orlov, is the result of an exchange of e-mails about the similarities between the collapse of the Soviet Union (30 years ago) and the ongoing collapse of several Mediterranean countries, including Italy. Read Orlov’s post to understand his interpretation of a phenomenon that I tend to see as the result […]

The Purposely Confusing World of Energy Politics

Life often presents us with paradoxes, but seldom so blatant or consequential as the following. Read this sentence slowly: Today it is especially difficult for most people to understand our perilous global energy situation, precisely because it has never been more important to do so. Got that? No? Okay, let me explain. I must begin […]

Should we be worried about ‘peak oil’?

Every now and then, in reading about global warming and other environmental issues, I come across a reference to ‘peak oil’, usually as yet another example of how humans blindly pursue their own short-term interests, scarcely heeding the crisis that is waiting for them ahead. And of course we humans do have a tendency to […]

OPEC Update and EIA Short Term Energy Outlook

The OPEC Monthly Oil Market Report is just out with OPEC crude only production numbers for January 2014. OPEC Crude production was up 28,000 bp/d in January but that was after December production had been revised upward by 240,000 bp/d. November production was revised down by 51,000 bp/d. Of course Saudi is always the one to […]

US scientists achieve ‘turning point’ in fusion energy

U.S. scientists announced on Wednesday an important milestone in the costly, decades-old quest to develop fusion energy, which, if harnessed successfully, promises a nearly inexhaustible energy source for future generations. For the first time, experiments have produced more energy from fusion reactions than the amount of energy put into the fusion fuel, scientists at the […]

BP’s peak oil rejection

For the first time since the industrial revolution the world is moving into an era without a dominant energy source. That’s the assertion of global oil giant BP, which is also offering a reality check on the notion of peak oil. The company’s general manager of global energy markets and US economics, Mark Finley, is […]

Tech Talk – The BP Energy Outlook 2035

BP begins its new forecast for the energy future with the statement: We project that by 2035 the US will be energy self-sufficient while maintaining its position as the world’s top liquids and natural gas producer. This illustrates the optimism which BP are projecting in their image of future production. But it carries with it […]

The Golden Age of Gas… Possibly: An Interview With The IEA

The potential for a golden age of gas comes along with a big “if” regarding environmental and social impact. The International Energy Agency (IEA)—the “global energy authority”–believes that this age of gas can be golden, and that unconventional gas can be produced in an environmentally acceptable way. In an exclusive interview with Oilprice.com, IEA Executive […]

Electric companies relying too much on natural gas

There’s something to the old saying about not putting all your eggs in one basket, yet that’s what we are doing in the case of electricity generation. Nearly all new electricity generation projects are using natural gas. This lack of diversification increases risks for the future. Why is this happening? There are two reasons. The […]

Organizing Revolt

This Week: 1. Proto nazis in the Ukraine 2. the end of Bill McKibben’s innocence 3. Enbridge blockers found guilty 4. Fracking pipeline must be stopped 5. No justice for Kelly Thomas 6. The silent anarchist is free 7. Bambu – Crosshairs 8. Peter Gelederloos on Barcelona assemblies Listen to the entire interview with Peter […]

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