US Strategic Gasoline Reserve: Solution or Band-Aid?

The new Northeast Gasoline Reserve addresses some of the shortcomings of the current, 39-year-old federal emergency crude oil reserve, or SPR. Whether or not the DOE considered other options, the upcoming Quadrennial Energy Review provides an ideal opportunity to rethink our strategic energy stockpiles. The recent announcement that the US Department of Energy (DOE) would establish a […]

The sustainable energy transition: the need to reform the financial system

  In part 1 of this series, Sgouris Sgouridis has outlined how much of the currently produced energy should be set aside according to the “Sower’s strategy” in order to obtain a smooth transition from a fossil based economy to a renewable one. In this post, he discusses how this transition could be obtained in […]

In North Dakota it is Mostly Just One County

North Dakota publishes crude oil production numbers for each county. The problem is these numbers do not include confidential wells. Their totals for all North Dakota do include these wells however. I have figured out a way to estimate, pretty closely I believe, each county’s share of those unreported wells. That is take each county’s percentage […]

Series On Overpopulation In America—fishing our oceans to death

Oceanographer Callum Roberts said, “The oceans of today are filled with ghost habitats, stripped of their larger inhabitants.  Our dismantling of marine ecosystems is having destructive and unpredictable consequences.  With species loss and food web collapse comes dangerous instability. The seas are undergoing ecological meltdown. “Fishing is undermining itself by purging the oceans of species on which it depends. […]

Are China And Russia Moving Toward A Formal Alliance?

During Russian President Vladimir Putin’s visit to China last week, China and Russia signed a huge natural gas deal that is worth about $400 billion. The natural gas deal is a win-win for China and Russia, as China secures a long-term (30 years) provision of natural gas from Russia and Russia can reduce its dependence […]

Oil, gas wells often keep operating despite violations

Ohio has more than tripled its number of inspectors of oil and gas wells in the past five years. But even with the extra eyes, wells cited for violating state law often stay active for years without fixing problems that could be harmful to the environment. A Dispatch analysis of more than four years of […]

Transition Towns and Beyond: The Ecological Land Co-operative

James Dennis, Greenham Reach resident ELC director Oli Rodker, Marcus Tribe and Dingo the dog begin work at Greenham Reach. The Transition movement is a loose network of thousands of communities (ranging from favelas in Brazil to Japanese towns; from rural villages in England to Transition Los Angeles) unified in their drive to devise and implement […]

Peak Oil: Peeking Behind A Curtain

In recent months, Gail Tverberg in particular, along with Steven Kopits and Ron Patterson, have examined both the financial and production details as they pertain to the various shale formations now serving as the fossil fuel industry’s current energy supply and production savior. They provide us all with invaluable information about the prospects for maintaining […]

We will see if Opec will ‘move over’

Demand for Opec oil is expected to be 29.76 mbd in 2014 as compared to 30.21 mbd in 2013 For almost two years now, the oil market has witnessed a relative stability rarely seen before. The price of the Opec reference basket of 12 crude oils moved in a narrow range of between $104 (Dh381.68) […]

Libya hopeful about its oil sector

The chairman of the Libyan National Oil Corp. said the government aims to hold an auction for new oil licenses once political hurdles are cleared. Companies interested in investing in Libya, once a premier North African oil producer, have said the nation’s troubled security sector and tough contractual terms are keeping them at bay. NOC […]

Peak Oil And National Security

The discussion of energy politics in the US is now dominated by two competing paradigms. One is promoted by the Bush Administration and its corporate allies; the other by a wide assortment of liberal and left-wing NGOs and analysts (and occasionally by corporate supporters of the “Gore-wing” of the Democratic Party including, at times, John […]

Is A Russia-Japan Natural Gas Pipeline Next?

A group of Japanese lawmakers are interested in pursuing a $5.9 billion natural gas pipeline project with Russia. Following Russia’s historic $400 billion natural gas supply deal with China last week, Japanese lawmakers are looking to revive efforts to tap into Russian natural gas supplies themselves. A Bloomberg report shows that a group of 33 lawmakers in Japan are […]

Alberta Bitumen, crude oil production up in 2013

Alberta’s bitumen production increased 8% in 2013 while crude oil production increased 5%, according to an annual report from Alberta Energy Regulator. The province’s total oil production in 2013 was 974 million bbl. Raw crude bitumen from oil sands accounted for 761 million bbl and crude oil, 213 million bbl. Alberta’s remaining established crude bitumen […]

Big Oil keen to go big in Alaska again

A Big Oil spending spree in Alaska could reverse a half- decade of declining oil production as companies plan the largest energy project in the state’s history and a series of other investments to rejuvenate its biggest oil fields. Unless, oil companies say, state voters in August dismantle a new oil tax regime that Houston-based […]

U.S. Petroleum Product Exports to Mexico Rise while Mexican Crude Exports to the U.S. Fall

Source: U.S. Energy Information Administration, Note: The United States does not export crude oil to Mexico. The United States imported 850,000 barrels per day (bbl/d) of crude oil from Mexico in 2013, the lowest volume since 1993. In the past decade, U.S. crude oil imports from Mexico fell 47%, primarily as a result of declining […]

Has Technological Progress Made Peak Oil Theory Irrelevant?

In 1956, Marion King Hubbert, a prominent geologist for what is now Royal Dutch Shell (NYSE: RDS-A  ) , made a bold prediction. Based on an extensive analysis of reserves and production data, he concluded that U.S. crude oil production would peak at some point in the late 1960s or early 1970s, after which it would […]

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