Venezuela Issues Food Ration Cards

Venezuelans wary that food ID cards are thin end of rationing wedge Electronic cards that restrict families to shopping once a week aim to prevent widespread food shortages across country Venezuelan police clash with demonstrators in Caracas. Critics say the food ID card is the most blatant sign that the economy has spiralled out of […]

Mounting Evidence of Health Concerns Near Tar Sands Development

Two studies released in the past week have drawn attention to the linkage between tar sands development and significant health concerns.  The two reports both released by the Alberta government separately show that the incidence of cancer downstream of tar sands development is higher than expected and that air emissions from a certain type of […]

Five Stages of Peak Oil

Much like the theory of five stages of grief, Andrew talks through the idea that there are five stages of dealing with the idea of peak oil. Barcamp Canberra is an annual unconference in Australia’s Capital city. Attendees design their own conference at the start of the day and set their own agenda. Most people […]

Welcome To The Asylum

When civilizations start to die they go insane. Let the ice sheets in the Arctic melt. Let the temperatures rise. Let the air, soil and water be poisoned. Let the forests die. Let the seas be emptied of life. Let one useless war after another be waged. Let the masses be thrust into extreme poverty […]

ITER: How a new star will be born

The ITER project is truly at the frontier of knowledge, a collective effort to explore the tantalising future of free, clean and inexhaustible energy offered by nuclear fusion. Where the Large Hadron Collider at CERN pushes the boundaries of physics to find the origins of matter, the ITER project seeks to give humans an endless […]

U.S. Warns on Potential Russia-Iran Oil Deal

Such a Move Could Trigger U.S. Sanctions, Official Says The U.S. has no information to suggest that a reported Russian oil-for-goods deal is being completed, but has expressed concerns about a move that could lead to fresh U.S. sanctions, a senior official said late Friday. “We do not have any information to suggest this deal […]

Troubled Kazakhstan Project Shows The Value Of U.S. Shale Oil

There’s nothing like seeing a big shot fall on hard times to make you appreciate what you have. That’s why American oilmen read news of Kazakstan’s Kashagan project with a strange mix of angst and glee. Kashagan has been a nightmare for some of the biggest of Big Oil. Its polyglot mix of Kazakh (KazmunaiGaz), […]

Worried About Peak Oil and the Other Peaks?

Peak Everything! We’re Doomed. This Time for Sure. “In searching for a common enemy against whom we can unite, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like, would fit the bill… The real enemy then is humanity itself.” – Alexander King and Bertrand Schneider, The […]

T. Boone Pickens Talks Peak Oil

This week, T. Boone Pickens, legendary Texas oil and gas executive, joins Stansberry Radio. T. Boone Pickens has been in the oilfield since 1951, so when Porter starts the show off by asking his thoughts on peak oil… you won’t want to miss it! You’ll hear Porter talk about the ultra-deep wells in the shallow […]

Peak Oil: This Bears Repeating

Richard Heinberg and Chris Martenson, two of the most respected and thoughtful advocates publicly urging greater awareness of peak oil, recently teamed up for a broad and informative discussion about energy supply. [Unless otherwise noted all quotes here are taken from their conversation.] While their intent did not appear to be to break new ground, […]

Fracking depleting US water supplies

America’s oil and gas rush is depleting water supplies in the driest and most drought-prone areas of the country, from Texas to California, new research has found. Of the nearly 40,000 oil and gas wells drilled since 2011, three-quarters were located in areas where water is scarce, and 55% were in areas experiencing drought, the […]

Excessive consumption

Just 80% of global private consumption is snapped up by 20% of the world population living in the richest countries, which is “left overs” for 80% of the population (5.6 billion people), residing in poorer countries and in the process of development, with only 20% of world production. Only the U.S., with 4.5% of the […]

Russia cancels zero export tax for natural gas to Ukraine

Russia on Thursday canceled zero export tax for natural gas it supplies for Ukraine. “I make a decision to cancel the government’s decree No. 291 of April 30, 2010, taking into account that the (Russia-Ukraine) agreement has been also terminated,” Russian Prime Minister Dmitry Medvedev told Alexei Miller, CEO of the gas monopoly Gazprom, during […]

Why the elites are so ruthless that they destroy themselves

The recent announcement of a paper by Motessharrry, Rivas and Kalnay (MRK) on the collapse of complex societies has generated much debate, especially with the publication of an enthusiastic comment by Nafeez Ahmed who defined it a “NASA-funded” study. The term rapidly went viral – no matter how irrelevant the source of funds for the […]

Scientists Assure Us That The Recent Earthquakes On The Ring Of Fire Are Not Related

We just had a tsunami-triggering 8.2 earthquake off of Chile’s north coast, a 5.8 earthquake off the coast of Panama, a 5.1 earthquake in southern California, and a dormant volcano in Peru has awakened for the first time in 40 years, but scientists assure us that none of these events are related and that we don’t […]

Old Math Casts Doubt on Accuracy of Oil Reserve Estimates

Jan Arps is the most influential oilman you’ve never heard of. In 1945, Arps, then a 33-year-old petroleum engineer for British-American Oil Producing Co., published a formula to predict how much crude a well will produce and when it will run dry. The Arps method has become one of the most widely used measures in […]

2014 Bakken Oil Output 1.1M Barrels a Day

Oil production in North Dakota and Montana’s Bakken and Three Forks formations will average 1.1 million barrels per day this year, according to estimates announced Wednesday by a research firm. Wood Mackenzie anticipates that oil production in the North Dakota and Montana sections of the Bakken and Three Forks formations will grow to 1.7 million […]

Iran, Russia working to seal $20 billion oil-for-goods deal

Iran and Russia have made progress toward an oil-for-goods deal that sources said could be worth up to $20 billion and enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations told Reuters. In January, Reuters reported that Moscow and Tehran were discussing a barter deal that would […]

Dollar a Gallon Gasoline

Gail Tverberg recently posted an article here.  She makes a strong case that, if we are to avoid economic disaster, a sustainable source of energy must not only be abundant; it must be cheap.  I pinned her down at a conference late last year and she bracketed oil at $30-50 per bbl for a vibrant […]

Energy Slaves

Our command of energy resources has created amazing technologies and social systems at a grand scale, but at what cost? Where past societies shackled human muscle with force and subjugation to create an energy surplus, beginning in the late 19th century we have used coal, oil & gas to create an unprecedented energy abundance. As […]

Does EIA Drilling Productivity Report Reflect Real World?

Last October, the Energy Information Administration (EIA) announced it would introduce a new publication that focused on the impact of drilling rig productivity on oil and gas output. This report was developed to assist the EIA in its forecasting of future oil production given that the American shale revolution has altered the historic relationship between […]

Will Rising Oil Output Bring Down Prices?

It’s all about supply and demand—the first, last, and everything for estimating the projected path of prices. Geopolitics can and does intrude, of course. This is oil, after all. But the raw numbers of economics have the last word eventually—even for the world’s most valuable commodity. The price of Crude Oil has been trending higher this […]

Peak phosphorus will be a shortage we can’t stomach

Here’s the good news. We probably don’t have to worry about peak oil just yet, as it isn’t going to run out anytime soon. The bad news is, as the IPCC has recently reported, we can’t afford the costs of what liberating all that carbon into the Earth’s atmosphere would do to the climate. So […]

Carbon Delirium: The Last Stage of Fossil-Fuel Addiction and Its Hazardous Impact on American Foreign Policy

Of all the preposterous, irresponsible headlines that have appeared on the front page of the New York Times in recent years, few have exceeded the inanity of this one from early March: “U.S. Hopes Boom in Natural Gas Can Curb Putin.”  The article by normally reliable reporters Coral Davenport and Steven Erlanger suggested that, by sending our surplus natural […]

Russia Hikes Natural Gas Price For Ukraine

Russia on Tuesday sharply hiked the price for natural gas to Ukraine and threatened to reclaim billions previous discounts, raising the heat on its cash-strapped government, while Ukrainian police moved to disarm members of a radical nationalist group after a shooting spree in the capital. Alexei Miller, the head of Russia’s state-controlled Gazprom natural gas […]

Who’s Fuelin’ Whom?

Tapping into the growing interest in fracking and the development of shale gas, Chelsea Green Publishing – the nation’s leading publisher on home-scale, do-it-yourself books about food, fuel, and shelter – is offering a new manual for homesteaders—The Plunderer’s Companion: Home-Scale Fracking and Micro Mining for the Homestead and Farm by Sue T. Boottes. The […]

Tech Talk – of Wheat and Coal

The release of the latest assessment of the IPCC on the future of the planet, failing their push to cut greenhouse gas emissions, has brought forth headlines and supportive editorials in papers around the world. Yet I could not help but note a couple of things that form the basis for this tech talk. The […]

Why we will never run out of oil: an interview with professor Ugo Bardi

Today, this blog is proud to present in exclusive worldwide the transcript of an interview that Professor Ugo Bardi, the author of the book “Extracted,” granted to the Ronkonkoma (*) Radio Station, Long Island, New York.  – First of all, professor Bardi, thank you for accepting to speak to Ronkonkoma Radio.  – It is a […]

Power Plants Too Big to Fail?

The San Onofre Nuclear Generating Station (SONGS) was closed abruptly in February 2012. During the previous decade, SONGS had produced about 8% of the electricity generated in California, so its closure had a pronounced impact on California’s wholesale electricity market, requiring large and immediate increases in generation from other sources. In a new EI@Haas Working […]

Goodbye to supermarkets?

Starting as ‘economy’ stores in America in the early 1900s, staffed by a few employees selling only canned goods, supermarkets have come a long way in a relatively short period of time. Today, supermarkets are filled with an average of 47,000 products, and are seen as the ideal milieu for the busy consumer. You can […]

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