A dramatic jump in the number of earthquakes in Oklahoma to a rate never seen there by scientists before, appears to be caused by a small number of wells where wastewater associated with oil and gas production is injected into the ground, a study released on Thursday said. Just a few of these so-called disposal […]
Libya’s acting Prime Minister Abdullah al-Thinni said the government had reached a deal with a rebel leader controlling oil ports to hand over the last two terminals and end a blockade that crippled the OPEC nation’s petroleum industry. “We have successfully reached an agreement to solve the oil crisis. We have received today Ras Lanuf […]
The recent ruling by the Commerce Department, allowing Pioneer Natural Resources (PXD) and Enterprise Product Partners (EPD) to export light ‘condensates’ puts an effective end to the export ban. It will have multiple effects on both the exploration and production companies working in the Permian, Eagle Ford and Bakken shale plays as well as domestic […]
The growing world population and potential return from crops has made farmland very attractive Farmland as an investment has traditionally been the preserve of wealthy families, more recently attracting interest from institutional investors and pension funds as they look to income producing real assets that can match their liabilities. Supply and demand is shifting and […]
All things considered, it’s a good time to think about how much we can know about the future in advance. A hundred years ago last Saturday, as all my European readers know and a few of my American readers might have heard, a young Bosnian man named Gavrilo Prinzip lunged out of a crowd in […]
Systemic collapse, the coming crash, overshoot, the die-off, the tribulation, the coming anarchy, resource wars — there are many names, and they do not all correspond to exactly the same thing, but there is a widespread belief that something immense is happening. This event has about ten elements, each with a somewhat causal relationship to […]
The EIA updated their International Energy Statistics Monday with their January update. I spent several hours on that update, updating all my spreadsheets, updating the Non-OPEC Charts page, the World Crude Oil Production by Geographical Area page, and creating the post below. Then after I had finished all that they, the EIA, published another International […]
As we approach World Population Day 2014 (July 11), it’s well past time we seriously consider the role of human population level in the sustainability of our civilization. Over the last century the scale of the human enterprise has mushroomed, eventually surpassing the capacity of the Earth to sustainably support us. Scientists at the Global […]
There was a lot of hoopla last week over the news that the U.S. Department of Commerce had seemingly loosened rules governing the export of condensate — light weight hydrocarbons recovered from oil and gas wells. The excitement was palpable; shares in oil refiners sold off. Was this the start of the big policy shift […]
Budgetmakers in the U.S. Senate have moved to halt U.S. participation in ITER, the huge international fusion experiment now under construction in Cadarache, France, that aims to demonstrate that nuclear fusion could be a viable source of energy. Although the details are not available, Senate sources confirm a report by Physics Today that the Senate’s […]
Imagine, if you will, what it would be like to live in a society that had no word for ‘love’. How do you think the inability to express this crucial idea with a single, simple word would have on your relationships, on your life? What effect do you think it would have on your view of […]
Iran has reduced demands for the size of its future nuclear enrichment program in talks with world powers although Western governments are urging Tehran to compromise further, Western diplomats close to the negotiations said on Thursday. The diplomats, who spoke to Reuters at the start of a two-week round of negotiations between Iran and the […]
It was an honor to meet Growing Power founder Will Allen last weekend. The urban farming advocate was in town to support the work of his student Linda Proffitt at Peaceful Grounds. (Here’s my earlier post about this inspiring demonstration farm, which is a regional training center for Growing Power.) The former pro basketball player […]
7 Devastating Effects of Oil Depletion
As we reported earlier, in what was perhaps the first official action by the jihadists with the glossy year end brochures, the newly crated ISIS Caliphate which stretches from Syria to Iraq (and which is not longer ISIS, just IS, or Islamic State) made a global call urging the Muslim proletariat to immigrate to the […]
What does the “American Dream” mean today? How—and how successfully—are Americans achieving this dream? How has the concept of the “American Dream” shifted over the past 10 years? These questions are at the heart of the Center for a New American Dream’s 2014 national survey, conducted in partnership with PolicyInteractive. The survey, which polled 1,821 U.S. citizens ages […]
In the last few years, there has been a growing consensus among scholars and wonks that the rest of the world will follow the West in living modern lives complete with modern infrastructure, industry, and development. The question is not whether poor countries will develop and lead high-energy lives, but how much more energy they will consume and […]
In terms of their chemical composition (primarily methane), these resources are identical to conventional natural gas. We call them “unconventional” because of their atypical geological locations. Unconventional gas is found in highly compact rock or coalbeds and requires a specific set of production techniques. Three sources of unconventional gas Tight gas, shale gas and coal […]
The Days After Peak Oil
Tiny droplets of water, colored blue, are suspended in oil on top of a membrane developed by the MIT team. Thanks to the membrane’s tiny pores, with a special coating that attracts water and repels oil, the droplets shrink as they pass through the membrane, ultimately leaving just pure oil behind. A similar membrane with […]
On June 26, 2014, the 60th anniversary of the start of the 5 MWe Obninsk reactor that was the first reactor in the world to routinely supply electricity to a commercial power grid, Russia started up the latest in a series of sodium-cooled fast reactors, the BN-800. This new nuclear plant is an evolutionary refinement […]
A few more thoughts about transportation and the looming challenges we’ll face in the years ahead as our fossil fuel supplies become more challenging to develop and distribute. The final and most promising mitigation option is to weaken the link between economic growth and liquid fuel demand. This will require major changes in the transport […]
Peak Oil strikes 2017: Oil price spike causes Worldwide Depression and Food shortages
Nuclear Electricity According to BP Statistical Review of World Energy 2014, world consumption of nuclear electricity reached 2,489 terawatt-hours (563 million metric tons of oil-equivalent) in 2013, 0.9 percent higher than world consumption of nuclear electricity in 2012. In 2013, nuclear electricity accounted for 4.4 percent of the world primary energy consumption. Figure 16 shows […]
The world’s unused spare oil production capacity would struggle to cover for another big outage, industry officials and analysts say, increasing the chance governments may tap strategic reserves should Iraq’s southern exports be disrupted. Unrest in Iraq comes as the almost total loss of Libyan supply, Western sanctions on Iran as well as conflict in […]
The daily newspapers are now full of stories predicting that Iraq, as we know it, will soon disintegrate into three or more warring states. In the last two weeks Sunni insurgents led by the extremist ISIS have routed a good part of the Iraqi army, taken over much of northern Iraq not controlled by the […]
The bottom line is the Fed can only keep the machine duct-taped together by suppressing the market’s pricing of risk. One of the Grand Narratives of our era is the substitution of debt for income: as earned income and disposable income have stagnated for 40 years, the gap between the rising cost of living and stagnant […]
Russian hackers have been systematically targeting hundreds of Western oil and gas companies, as well as energy investment firms, according to private cybersecurity researchers. The motive behind the attacks appears to be industrial espionage — a natural conclusion given the importance of Russia’s oil and gas industry, the researchers said. The manner in which the […]
Expect to pay more at the pump. Conflicts in Iraq have substantially caused gas to go up. Marcus Washington reports right now gas prices are at a six-year high for early summer. As a projected 41 million people hit the road during this Fourth of July weekend, experts say get ready to pay more at […]
Whoever really runs things these days for the semi-mummified royal administration down in Saudi Arabia must be leaving skid-marks in his small-clothes thinking about Abu Bakr al-Baghdadi and his ISIS army of psychopathic killers sweeping hither and thither through what is again being quaintly called “the Levant.” ISIS just concluded an orgy of crucifixions up […]
Oil News Categories
Recent Board Topics
Archive
LATEST NEWS HEADLINES

Member Comments
PO Real Time
No tweets available