Oil attacks hurting Yemen’s economy

Militant attacks on oil facilities in Yemen are hurting the country’s ability to build a strong economic base, the International Monetary Fund said. The IMF said it approved a $552.9 million credit to Yemen to help the country maintain a level of economic stability. The amount is available in semi-annual disbursements, though the IMF’s executive […]

Michael Klare: Oil Rush in America

Whatever you may imagine, “peak oil” has not been discredited as a concept, a statement no less true for “peak fossil fuels.”  Think of them instead as postponed.  We are, after all, on a finite planet that, by definition, holds a finite amount of oil, natural gas, and coal.  Sooner or later, as such deposits […]

ISIS’ struggle to control its oil riches

ISIS videos are part of today’s new reality. One of the many to hit social media has the viewer hearing a recitation of Quranic verses describing a jihad in the battle for Syria’s Al Omar energy facility. Syria’s largest oil field is one of a handful now under the firm grip of the terrorist organization. […]

Dark Age America: The Cauldron of Nations

It’s one thing to suggest, as I did in last week’s post here, that North America a few centuries from now might have something like five per cent of its current population. It’s quite another thing to talk about exactly whose descendants will comprise that five per cent. That’s what I intend to do this […]

China now gets more oil from the Middle East than the US does

China is quickly overtaking the United States as the world’s biggest importer of oil. Not only that, but China now buys more crude oil from the Middle East than the US does — a shift that some experts think could have big geopolitical implications in the years ahead. Roughly half of China’s imported oil now […]

A bright future in fusion

Developing fusion science, engineering and technology to a point where fusion energy can be supplied to the grid is one of the most exciting challenges of the 21st century, and potentially one of the most rewarding. Newsline has been featuring a series of videos that highlight the small and large advances that are being made […]

Saudi Arabia Oil Sales to U.S. Imperiled by Shale Boom

After years of keeping the price of crude sold to the U.S. low enough to maintain market share, Saudi Arabia is losing ground as the shale boom leaves U.S. refiners with ample supplies of inexpensive domestic oil. Arab Light crude for sale in the U.S. averaged 48 cents a barrel less than Light Louisiana Sweet, […]

Iraq On the Precipice

The catastrophic events in Iraq that are unfolding daily are more significant than at any point in recent memory. The Islamic State of Iraq and Syria (ISIS), which is now calling itself the Islamic State (IS), steamrolled out of Syria into Iraq and appeared to be unstoppable in its march to Baghdad. The Iraqi military, […]

Will Malthus Eventually Be Right?

One of the more wrong-headed predictions of a famous 19th century thinker, Thomas Malthus, was that because world population would grow more rapidly than food production, mankind faced a bleak future of mass starvation. Continued improvements in farming have proved him wrong despite a mushrooming of population growth since Malthus issued his doomsday forecast. I’ve […]

Soros Signals Argentina’s Shale is Biggest Place to Be

One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional prize – and a big boost for both supermajors and smaller players making big waves in the heart of new discovery areas. George Soros has doubled his […]

Sharing as the new common sense in a post-growth world

We need to talk a lot more about sharing as a way to radically reframe the post-growth debate, argues a recent report from the Green House. If growthism is the substitute for a more just and equal society, then it’s time that we all start saying so – and embrace a new common sense for […]

Trader Who Scored $100 Million Payday Bets Shale Is Dud

Andrew John Hall — known as the God of Crude Oil Trading to some of his peers — has built his success on a simple creed: Everyone who disagrees with him is wrong. For most of the past 30 years, that has been a killer strategy. Like a poker player on an endless hot streak, […]

Petrolify®: Don’t Just Seize the Day, Seize Life

Side effects may vary. Find out of Petrolify® is right for your world at http://www.petrolify.comDirector: Jacob McClure (http://www.jacobardenmcclure.com)DP: Michael Edo KeaneConcept: Asher Miller/Tod BrilliantProduced By: Post Carbon Institute

Water Shortages Will Limit Global Shale Gas Development, Especially in China

If all the world’s theoretically recoverable shale gas could be developed, our supply of clean-burning natural gas would expand 47 percent—lowering both greenhouse gas emissions and energy prices, according to estimates from the Washington-based World Resources Institute. The hitch is that the process for extracting shale gas, called hydraulic fracking, sucks up as much as […]

EU energy chief not ruling out ‘worst case scenarios’ on energy security

European Energy Commissioner Guenther Oettinger warned on Tuesday he was not ruling out “worst case scenarios” on Europe’s energy security due to Russian President Vladimir Putin’s “lies” amid Moscow’s actions in Ukraine. “That Putin would use false information, lies and weapons was beyond my imagination,” Oettinger said at an event of German energy utility RWE […]

CIA Report Potential Implications Of Trends In World Population, Food Production, And Climate

Excerpt from the August, 1974, CIA report, entitled: Potential Implications of Trends in World Population, Food Production, and Climate.  Full document is available below. “The widespread crop shortfalls in 1972 and the energy and fertilizer crunches in ’73 and ’74 have raised anew the basic question of whether the production of food can keep pace with demand over […]

ISIL and the Confused Energy Picture

For everyone following today’s energy developments the overall picture is confusing, to say the least. This is particularly apparent with regard to oil supplies from mid-June onwards when the Islamic State of Iraq and Levant (ISIL — also referred to as ISIS — Islamic State in Iraq and Syria) conflict flared up, with the insurgents […]

2014 Is the Year of the Energy-Water Nexus

2014 is shaping up to be the year of the energy-water nexus. First, the United Nation’s World Water Day centered on this topic. Then, the U.S. Department of Energy released a 250-page report on the energy-water nexus and indicated that it will be included in its Quadrennial Energy Review. And, this week, the biggest international […]

Aging oil fields can turn the Arabian Peninsula into a powder keg

If one studies the world’s oil resources and oil production then the Arabian Peninsula is of central interest. The remaining monarchies of the region have established the Gulf Cooperation Council (GCC). This was formed in 1981 as a response to the Iranian Revolution and Iraq’s attack on Iran. The GCC is comprised of Saudi Arabia, […]

US Now World’s Leading Natural Gas Producer

According to the BP 2014 statistical world energy review, the U.S. has achieved world-leading natural gas production, by reaching a new all-time high of 328 billion cubic feet per day (BCPD). World usage of natural gas is about 24% of all primary energy consumed, behind oil’s 33% and coal’s 30%. Over the past five years, […]

Russia, China Begin Construction Of World’s Largest Gas Pipeline

If after months of Eurasian axis formation, one still hasn’t realized why in the grand game over Ukraine supremacy – not to mention superpower geopolitics – Europe, and the West, has zero leverage, while Russia has all the trump cards, then today’s latest development in Chinese-Russian cooperation should make it abundantly clear. Overnight, following a […]

New research shows we’re nearing collapse

Four decades after the book was published, Limit to Growth’s forecasts have been vindicated by new Australian research. Expect the early stages of global collapse to start appearing soon The 1972 book Limits to Growth, which predicted our civilisation would probably collapse some time this century, has been criticised as doomsday fantasy since it was […]

Heinberg: Why Peak Oil Refuses to Die

Perhaps you’ve seen one of the recent barrage of articles claiming that fears of an imminent peak and decline in world oil production have either been dispelled (because we actually have plenty of oil) or are misplaced (because climate change is the only environmental problem we should be concerned with). I’m not buying either argument. […]

The Covert Origins of ISIS

Evidence exposing who put ISIS in power, and how it was done. Sources and full transcript: http://scgnews.com/the-covert-origins…

Is Coal Really “Peaking” in China?

“While uncertainty over the changes in coal stockpiles still exists, we’re confident that the unbelievable may be at hand: peak coal consumption in China.” So concludes a recent blog post from the Sierra Club’s Justin Guay and Greenpeace International’s Lauri Myllyvirta, the latter of whom recently published an analysis suggesting that Chinese coal consumption dropped […]

Arab World’s Main Exports Are Hatred And Violence

At least since the early part of the 20th century, aside from oil, the Arab world has produced and exported two products. It has produced essentially no technology, medicine or anything else in the world of science. It has almost no contributions to world literature, art or to intellectual development. According to the most recent […]

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