The Meat Crisis Is Here: Price Of Shrimp Up 61% – 7 Million Pigs Dead – Beef At All-Time High

As the price of meat continues to skyrocket, will it soon be considered a “luxury item” for most American families?  This week we learned that the price of meat in the United States rose at the fastest pace in more than 10 years last month. Image: Beef (Wiki Commons). Leading the way is the price of shrimp.  […]

UK’s oil, coal and gas ‘gone in five years’

In just over five years Britain will have run out of oil, coal and gas, researchers have warned. A report by the Global Sustainability Institute said shortages would increase dependency on Norway, Qatar and Russia. There should be a “Europe-wide drive” towards wind, tidal, solar and other sources of renewable power, the institute’s Prof Victor […]

China Produces and Consumes Almost as much Coal as the Rest of the World Combined

Source: U.S. Energy Information Administration, International Energy Statistics. Note: For countries whose 2012 data was unavailable, 2011 data were extrapolated forward one year. These countries comprised about 3% of both total consumption and total production. Chinese production and consumption of coal increased for the 13th consecutive year in 2012. China is by far the world’s […]

Does Peak Oil Matter?

Diving Into Stories of Energy Transition with Chris Nelder Part Two of Four. Link to Part 1. A transcript of our interview on Extraenvironmentalist #76 by Scott Bohachyk Editor’s note: Last time we discussed nuclear power and the potential role it may have in the 21st century energy transition. This time we are discussing the story of peak […]

A Limits to Growth Critique of the Radical Left: The Need to Embrace the Simpler Way

Abstract: “The radical left in general has failed to recognise the significance of the “limits to growth” analysis of the global situation, and as a result its understanding of the required alternative to consumer-capitalist society is unsatisfactory. The most serious implications concern the many ways in which traditional radical left thinking on the transition process […]

Peak Oil: Semantics Vs Issues

In the end, does the choice of words really matter? He [Total CEO Christophe de Margerie] also cautioned against oil and gas industry pronouncements about abundant energy  resources. When industry leaders ‘say there is plenty of oil and gas . . . you’re sending the message that we don’t care about the environment,’ de Margerie […]

Iranian oil exports decline

Iranian oil exports for April were down by about 180,000 barrels per day and consistent with a gradual decline, the International Energy Agency said Thursday. IEA, which has headquarters in Paris, said in its monthly market report Iran exported about 1.11 million barrels of oil per day in April, down from the 20-month peak of […]

Changing the Discussion: It’s All About People

“It’s always amazing when a United Nations report that has global ramifications comes out with little fanfare.”  So starts an article in Forbes talking about the most recent UNSCEAR report on the consequences of the Fukushima accident in Japan.  Three years after the accident, UNSCEAR, the United Nations body mandated to assess and report levels […]

Saudi Gas Reserves Up as Aramco Taps New Shale Deposits

Saudi Arabia’s natural gas reserves rose last year as it explored for the fuel in the Red Sea and tapped shale gas to free more crude oil for export, according to the kingdom’s state-run oil company. Saudi reserves increased to 288 trillion cubic feet of gas last year from 285 trillion in 2012, Saudi Arabian […]

Change is coming – Hold on tight

Seems like every week I get emails from yet another group that is “creating a network of local groups” for social change. Or expanding into a new reskilling class series. Or cultivating a citywide vision plan. Each of them valid in their focus, each one tackling their own aspect of The Great Turning. And each […]

OPEC must hit its output target to balance oil market

* Global oil demand growth forecast raised slightly for 2014 * IEA demand forecast higher than estimates from OPEC, U.S. * Cuts estimate for 2014 non-OPEC supply growth by 100,000 bpd * Estimate of 2014 demand for OPEC crude by 200,000 bpd (Adds detail throughout)   OPEC needs to pump more oil this year to […]

Fusion reactor ITER: The long wait on the ignition

Enter banned: seventeen meters deep and several football fields is Europe’s biggest construction site, you may visit only with a special permit for a short time and only under supervision and then only from the top. The walls of the excavation are protected against demolition concrete, inside the huge cranes around heave tons of steel […]

The Peak Oil Crisis: Parsing 2014

Some 15 years ago when the current concept of peak oil was posited, it was all going to be simple. Somewhere in the early part of the 21st century oil production was going to reach a peak and start to decline. Shortages would develop and prices would spiral upwards. But we should know by now […]

US needs oil wars to topple Middle East chessboard

By ramping the oil price up or bringing it down, it’s easy to plunge counties into deep recession or stimulate economic boom, a tactic used by the US to regain lost ground in the Middle East, geopolitical analyst William Engdahl told RT. RT: US oil production levels have been skyrocketing in recent years and the […]

86 Chinese Navy Vessels Now Present At Oil Rig Near Vietnam

With the additional deployment of a submarine and a missile ship, there are now 86 Chinese vessels accompanying the oil rig’s installation in Vietnam’s Exclusive Economic Zone (EEZ). Local news reports that 3 Chinese military ships are surrounding a Vietnamese marine police vessel this morning and water cannon use continues against Vietnamese ships. Weaddressed the […]

De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar

Is the petrodollar monopoly about to be shattered?  When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States. Image: U.S. Dollar (Wiki Commons). But now the Russian media is reporting that the Russian Ministry of Finance is getting ready to pull […]

How to destroy a civilization

  This is the third post of comments on the “NASA-funded paper” (a term that went viral) on societal collapse by Motessharry, Rivas and Kalnay (MRK). In my first post on the subject, I noted some qualitative features of the model. In the second post I commented on the debate. Here, I am going more […]

Bakken Update, March Production Data

The Bakken production data, as well as the All North Dakota production data just came out with their production numbers for March 2014. Bakken production was up 914,003 bp/d, up 25,091 bp/d from February. All North Dakota production was 977,061 bp/d, up 24,006 bp/d from February. That was a new record for the Bakken but not […]

The Timing of Peak Oil is Unimportant

Peak oil theory rests on the idea that petroleum extraction will one day reach a peak—this is a fundamental truth, since petroleum is a scarce and limited natural resource. Ever since this idea was introduced in the 1950s, experts have been frantically trying to determine exactly when that peak will be reached and how much time we have afterwards […]

How much is too much?

I’ve been doing rather a lot of manual labour recently—digging out a basement, digging out a pond and using the spoil from both to build a foundation for the poly tunnel on a sloping field. As I’m sure most of you know, doing work such as this is a great way to ponder things over: […]

Peak Oil: Framing The Issues

‘The way to fix the problem is not to turn the volume up on the evidence.… ‘The way to deal with the problem is to change that meaning, to remove what makes it threatening to other people. It’s about framing it in a way that doesn’t antagonize or come across as an assault on one […]

Rocky Road for Canadian Oil

With TransCanada’s Keystone XL pipeline snarled in a regulatory and legal struggle south of the border, Canadian oil companies are proposing many new and expanded pipelines that would connect the oil sands fields with new markets in China and across the world. The planned projects that would snake east and west as well as south, […]

Joe Biden’s Son Appointed to Board of Ukraine’s Largest Gas Producer

Hunter Biden, the son of Vice President Joe Biden, will lead the legal team of Burisma Holdings, the largest natural gas producer in Ukraine. According to The West Wire News, Burisma Holdings is a considerable player within the Ukrainian natural gas and oil industry. It holds licenses covering the Dnieper-Donets, Carpathian and Azov-Kuban basins and […]

Ukraine tells Russia not to use natural gas as a “weapon”

Ukrainian Prime Minister Arseny Yatseniuk urged Russia on Tuesday not to use natural gas as a “weapon” against his country, and accused Moscow of seizing tens of billions of dollars’ worth of its assets and energy resources in Crimea. Russian energy giant Gazprom earlier demanded a $1.66 billion (985 million pounds) pre-payment from Kiev for […]

Russia Holds “De-Dollarization Meeting”: China, Iran Willing To Drop USD From Bilateral Trade

That Russia has been pushing for trade arrangements that minimize the participation (and influence) of the US dollar ever since the onset of the Ukraine crisis (and before) is no secret: this has been covered extensively on these pages before (see Gazprom Prepares “Symbolic” Bond Issue In Chinese Yuan; Petrodollar Alert: Putin Prepares To Announce […]

Chevron Sees ‘Tremendous Opportunity’ In Mexico Oil Reforms

Mexico’s energy reform provides a range of attractive investment possibilities for international oil companies in Latin America’s second-biggest economy, a senior Chevron Corp executive said on Monday. “There’s tremendous opportunity here,” Ali Moshiri, Chevron’s Houston-based head of exploration and production for Latin America and Africa, said at an event in Mexico City. The constitutional energy […]

Mike Ruppert’s Story Part 20 – Snafu

To Mike 10-20-2006:      …be careful of email trails. a few days ago a sequence got forwarded to X in one email of which u said he was ‘full of excuses…’                       [And, since Mike was no longer sure whom he could trust among […]

Tom O’Malley, Harold Hamm, oil woes in the Middle East, Russian benchmarks…all in one day

A few observations from day one of the Platts Global Crude Oil Summit in London: ————————————- One of the more interesting statements in the recent earnings call of PBF Energy was that the Tom O’Malley-led company might look to buy a refinery in California. It’s a locale O’Malley has operated in previously through Tosco and […]

The Upcoming Collapse Of Civilization

Anthropologists such as Ronald Wright in his book, A Short History of Progress, and Jared Diamond in his, Collapse, are not the only ones who are noting the precarious condition of civilizations. Now, a report by a multi-disciplinary team of natural and social scientists from the University of Maryland, led by an applied mathematician Safa […]

Eagle Ford Output and Texas Condensate and Natural Gas

This is a brief update on Eagle Ford Crude plus Condensate (C+C) output through February 2014.  February Eagle Ford C+C output was about 1200 kb/d by my estimate. Figure 1- RRC Data provided by Kevin Carter   I have used my usual method of estimation where I find the percentage of total Texas(TX) C+C output that […]

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