Raw Material Demand Seen at 140 Billion Tons by 2050

Global use of minerals, ores, fossil fuels and biomass will reach 140 billion metric tons a year by 2050, three times what it was in 2000, according to the United Nations’ Environment Program’s International Resouce Panel. Available water supplies will likely only satisfy 60 percent of global demand in 20 years, the panel said in […]

The peak-oil plateau and what it means for investors

Jim Rogers is one of the best-known commodity investors of our time. He correctly predicted the collapse of the stock-market bubble at the end of the 1990s and the rise of commodity prices in the 2000s. One of Roger’s mantras was that oil prices would rise substantially due to a lack of new discoveries. That […]

US gas production setting records

U.S. natural gas production from the Lower 48 states in May beat a monthly high set in April by 0.6 percent, analysis shows. Bentek Energy, the forecasting division of energy website Platts, said May production reached 67.7 billion cubic feet per day on average. That beat the previous monthly record set in April. Production peaked […]

The Global Energy Market’s Moment of Truth

If you want to know what addressing climate change will really be like for business and investors, then take a look at today’s electricity and energy markets. Driven by climate policy, technology development, business innovation, NGO campaigns and investment risk analysis, creative destruction is inflicting itself upon the sector with a vengeance – and the […]

Peak Oil Revisited…

In a lecture to the Columbia University Center on Global Energy Policy in February of 2014 Steven Kopits, who is the Managing Director of the consultancy, Douglas Westwood explains how conventional “legacy” oil production peaked in 2005 and has not increased since. All the increase in oil production since that date has been from unconventional […]

Domestic Production Satisfies 84% of Total U.S. Energy Demand in 2013

Source: U.S. Energy Information Administration, Monthly Energy Review, May 2014  Note: Supply equals domestic production, plus imports, plus stock change and other. Consumption equals supply minus exports. Total U.S. energy production reached 81.7 quadrillion British thermal units (quads) in 2013, enough to satisfy 84% of total U.S. energy demand, which totaled 97.5 quads. Natural gas […]

Peak Oil: Facts To Keep In Mind

Good news sells, and doesn’t rock any boats, but policy makers and politicians comforted by rosy forecasts are unable to understand the risks and properly prepare the country for long-term energy sustainability…. A more prudent, conservative US oil forecast would look very different. It would consider that, although surprises are always possible, the most productive […]

Second Natural Gas Pipeline to Link Russia, China

Russia and China could soon sign another major contract for gas pipeline construction after inking a landmark 30-year gas deal in Shanghai during Russian President Vladimir Putin’s state visit in May, a senior Russian official said Wednesday. “Given the pace of Chinese economic growth … with an agreement on the compromise (gas) price formulas having […]

Raising an Energy-Aware Generation

In June of 2013 UN Secretary General Ban Ki-moon called on youth around the world to take action to address climate change. What better way to confront environmental problems than to get our future leaders to act? And the first step in taking action is education. If children don’t understand the issues, they won’t be able to […]

Time to be honest about our energy prospects

THE problem is not that there is not enough coal left underground; there is. But the task of lifting it, transporting it and using it depends on many other factors, most importantly on the continued availability of oil as a lubricant for all the machines involved in the supply chain, and as a fuel for […]

Russia and Europe: “Can’t Live With ‘Em, Can’t Live Without ‘Em”

Europe’s natural gas relations with Russia are kind of like an old marriage that’s hit a rough patch, but in reality the two sides can’t live without each other: Europe needs the gas supplies and Russia needs the income from selling them. But that doesn’t mean that Brussels has not been publicly speaking about diversifying […]

2014: Peak Oil Sands Investment?

Does the shelving of the Total SA Joslyn mine signal that the recent wave of oil sands investment has peaked? This past week, Total SA And their business partners decided to shelve the Joslyn Mine project, which places $11 bn in oil sands investment into the “unlikely” category. As an economist, I always look at other […]

Scientists vindicate ‘Limits to Growth’ – urge investment in ‘circular economy’

The Earth has finite mineral resources, but humans are using them up faster than they can regenerate, with rising economic and environmental costs. According to a new peer-reviewed scientific report, industrial civilisation is likely to deplete its low-cost mineral resources within the next century, with debilitating impacts for the global economy and key infrastructures within […]

Heinberg: IEA Says the Party’s Over

The International Energy Agency has just released a new special report called “World Energy Investment Outlook” that should send policy makers screaming and running for the exits—if they are willing to read between the lines and view the report in the context of current financial and geopolitical trends. This is how the press agency UPI […]

Renminbi use surges in home of US dollar

It is the monetary equivalent of what Chairman Mao called “bombarding the headquarters”. China’s renminbi is rapidly displacing the US dollar as a trading currency not only in Asia and Europe but now also in the US home market. The value of renminbi payments between the US and the rest of the world rose by […]

Norway must ‘prepare for life after oil’

The IMF has called on Norway to cut back on spending its oil income, saying the economy needs no further stimulus and the government should focus on fostering private sector growth instead as it begins the long transition to life after oil. The budget has provided the economy with repeated stimulus even though it is […]

Oil could be $15 more per barrel without more Middle East investment

Global oil prices could go up by $15 per barrel in about 10 years, if the Middle East doesn’t invest more in its oil fields, the International Energy Agency says. The IEA also reports the world may find itself more reliant on Middle East investment for shale oil production. If the Middle East fails to […]

The Promise of Mexican Oil

The miracles of modern engineering and, specifically, fracking and deepwater drilling are rapidly changing the risk-reward assessments of petroleum investment. When OPEC members meet in Vienna next week, the organization is scheduled to offer its latest assessment of global demand and projected production. And closer to home, U.S. oil titans are aligning with Mexico’s Pemex […]

Free Energy Secrets Exposed

Jon Rappoport sits in for Alex Jones and breaks down all the ways the government suppressing free energy and stopping medical advancements.

Peak Oil Is Not Coming…

It’s here. This IEA report spells out peak oil as being in the past. “Days of cheap energy over, IEA figures show” The IEA’s annual outlook on investment, released today, shows annual investment in new fuel and electricity supply has more than doubled in real terms since 2000. Costs to the oil and gas industry […]

Iranian oil exports on course to blow past limits

Iranian oil exports are on course to run well above the levels the Obama administration said they would when the U.S. agreed to allow some crude shipments in exchange for limits on Iran’s domestic nuclear program. Iran’s exports are running at an average of 1.3 million barrels per day since December, about the time sanctions […]

ITER fusion reactor project is moving forward

Nobody said it was going to be easy. After years of delays, work has finally begun on key components of ITER, the ambitious international project to build a revolutionary nuclear fusion reactor. ITER remains dogged by its own complexity, however, and its director-general says that it may not now fire up until 2023 – three […]

New interest in natural gas as a transportation fuel

In recent years, in many parts of the world, natural gas supplies have increased due to new pipelines and hydraulic fracturing, leading to reduced prices for natural gas and wider geographic availability of vehicle refueling. As a result, interest has been renewed in utilizing natural gas as a transportation fuel to reduce both the use […]

Endless Layers Of Delusion

Obvious Delusions We are used to treating the ‘bought and paid for’ politicians and ideological front groups of the rich and powerful[1] [2] [3] [4] [5], or the Christian fundamentalist folks who believe in a cartoon history called Creationism[6] [7], as groups that are either serving or trapped in deep delusional denial. Then there are […]

IEA Expects World to Rely More on Middle East Oil

A top energy watchdog said the world will need more Middle Eastern oil in the next decade, as the current U.S. boom wanes. But the International Energy Agency warned that Persian Gulf producers may still fail to fill the gap, risking higher oil prices. In its first update to the agency’s energy investment outlook in […]

The oil mistake

Oil may be the most sought-after resource in the world, but it’s no secret that it can also be a curse. Political scientists have long observed that the oil industry concentrates power in the hands of the few. Governments that rely on oil sales, rather than taxes, are less democratic and quicker to quash dissent. […]

Kunstler: Coasting Toward Zero

In just about any realm of activity this nation does not know how to act. We don’t know what to do about our mounting crises of economy. We don’t know what to do about our relations with other nations in a strained global economy. We don’t know what to do about our own culture and […]

Farewell Michael Ruppert, and Thank You

Michael C. Ruppert was a peak oil analyst, investigative journalist, and activist. Many readers may know Mike as author of Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil, or as the subject of the 2009 documentary Collapse, based on his book A Presidential Energy Policy. After […]

If we can’t change our economic system, our number’s up

It’s the great taboo of our age – and the inability to discuss the pursuit of perpetual growth will prove humanity’s undoing Let us imagine that in 3030BC the total possessions of the people of Egypt filled one cubic metre. Let us propose that these possessions grew by 4.5% a year. How big would that […]

BP And Royal Dutch Shell After Peak Oil

The oil industry used to be a no-brainer investment. There seemed to be an infinite supply of oil, and with more and more people owning cars, demand — and thus oil prices — were rocketing. This meant that oil companies would be booming. But has anyone asked the question: what happens when the oil runs […]

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