Abiogenic Oil, Is It The End Of Peak Oil Fears?

Oil.  Some of the everyday uses are obvious.  We use oil as fuel for heating and transportation, we make plastics and textiles from oil, and many common medications such as A.S.A. are also made from petroleum.  The dependency on oil by modern society is likely understood only to a small degree by many of us.  […]

50 Ways to Leave The Marcellus—The Race to Increase Natural Gas Take-Away Capacity

The economics of natural gas production in the dry Marcellus, the wet Marcellus and the Utica are so favorable—and the shale gas resource so bountiful—that the only real limit on how much the Marcellus/Utica plays can produce is the capacity of the pipeline network in the Northeast and neighboring regions to take gas to market. […]

Youth could unleash rapid economic growth

The record number of young people in the world today could unlock fast economic growth in many developing countries unless lack of access to health care and education hinder progress, the United Nations Population Fund (UNFPA) said on Tuesday. A window of economic and social growth occurs when the working age population becomes larger than […]

The Coming Blackout Epidemic

Industrialized countries face a future of increasingly severe blackouts, a new study warns, due to the proliferation of extreme weather events, the transition to unconventional fossil fuels, and fragile national grids that cannot keep up with rocketing energy demand. “We need a fundamental re-think about how electricity is generated and distributed and who controls this,” […]

Peak Oil: So How Do We Prepare?

  The economic effects of peak oil are as obvious as they are frightening. The most immediate effect is to increase oil prices, and this has its own effect of slowing the economy down. There was a period in which Saudi Arabia could modulate the world’s rate of oil production by turning up the flow, […]

Kunstler: The Instability Express

T he mentally-challenged kibitzers “out there” — in the hills and hollows of the commentary universe, cable news, the blogosphere, and the pathetic vestige of newspaperdom — are all jumping up and down in a rapture over cheap gasoline prices. Overlay on this picture the fairy tale of coming US energy independence, stir in the […]

New nuclear power threatened by shortage of atomic engineers

Engineering and design consultancy Atkins is having to retrain engineers from other specialisms in nuclear technology to meet growing demand for atomic power in the UK and internationally. The company is running an internal academy to deal with the shortage of suitably skilled engineers as the UK begins to gear up to build a new […]

The peak oil theater

I am a little late for the talk at the peak oil conference. Fortunately, it seems that I didn’t lose much: the speaker must have started just a few minutes before I arrived and I only missed the introduction by the chairman. So, I relax in my seat as the speaker goes on with his […]

OPEC’s Options (None of Them Good)

As ministers from the 12 members of the Organization of the Petroleum Exporting Countries (OPEC) prepare to fly to Vienna for their 166th meeting next week, the quiet consultations and soundings have already begun. OPEC must decide whether and how to respond to the 30 percent decline in oil prices since the middle of June, […]

Gulf of Mexico Crude Oil and Gas Production

This is a guest post by Jean Laherrere BOEM and BSEE have published in 2014 the GOM oil & gas reserves at end 2010 few months ago and at end 2011 lately. The big change is that they now report proved and probable reserves = 2P (in contrary to SEC rules for operators reporting at the US […]

The Trustfunder Fractivist

The trustfunder fractivist is ubiquitous – a part of every anti-fracking, anti-fossil fuel, save-the-climate brigade out there – yet has zero credibility.  One of the most fascinating aspects of the fractivist movement, to the degree it is one and not the mere manipulation of “useful idiot” ideologues by elitist special interests, is the extent to […]

The Water Crisis Hoax: “Peak Water” – The New “Peak Oil” Myth

The Primary Water Institute – More Scientific Evidence That Water Is Renewable. Following on from the discovery that the earth creates oil in an ongoing process that does not take billions of years, it appears that the same is also true for water. Click here to view a larger version of this diagram in a […]

A Beginners Guide to Blackouts

Anticipating blackouts has become a new national sport in the UK. I can recall blackouts as a child. I’m guessing this was during the first 1974 oil shock when OPEC first flexed its muscles and Britain had a lot more oil fired power generation then than it does now. But a quick check shows that […]

Frugal Value: Desigining Business for a Crowded Planet

Much has already been written on the subject of business growth. But while business manuals explain how to grow your business – how to attract new customers, gain market share, fend off competitors, develop new products and reach new markets – few consider the desirability or indeed feasibility of business growth. To grow is assumed […]

The Cost of Fossil Fuels to an Economy Is Not Reduced by Subsidies; It Is Just Redistributed

Countries around the globe have committed to reducing subsidies for fossil fuels, primarily oil and gas. But that commitment is not being put into practice quickly enough for cleaner energy solutions to gain a competitive edge in some regions, according to the 2014 World Energy Outlook from the International Energy Agency. Global subsidies for fossil […]

How Much Oil is Left?

How Much Oil is Left? [This is a complex question, because the quality of the oil matters.  We’ve gotten the good stuff, the light, easy oil. Much of the remaining oil is deep, nasty-gunky stuff, in arctic and other remote areas, and will take a lot more energy to produce and refine] Ron Patterson. July […]

ISIS 7x Bigger Than West Believes

The Islamic State (Isis) has recruited an army hundreds of thousands strong, far larger than previous estimates by the CIA, according to a senior Kurdish leader. He said the ability of Isis to attack on many widely separated fronts in Iraq and Syria at the same time shows that the number of militant fighters is […]

And The Biggest Winner From The Oil Price Plunge Is…

“The Chinese, among others, seem to be responding to the lower oil price with additional demand,” notes one tanker executive as Bloomberg reports the number of supertankers sailing toward China’s ports matched a record on Oct. 17 and is still close to that level now. The plunge in price has enabled China to add 35 […]

Peak Chocolate?

Chocolate manufacturers have announced what may be the greatest fear of chocolate-lovers around the globe — the world is running out of chocolate. In fact, the chocolate deficit, whereby farmers produce less cocoa than the world eats, are becoming the norm. The Washington Post reports that the problem has been compounding for some time. Last […]

Peak Turkey?

Turkey production is at its lowest level in nearly three decades and wholesale prices are at an all-time high, but Thanksgiving cooks probably won’t see much difference in the price they pay at the stores for their frozen birds. This year’s anticipated stock is 235 million, according to the U.S. Department of Agriculture’s National Agricultural […]

The Arctic dimension of the Russia-China alliance

The Kremlin is quickly moving its priorities towards the east and is putting its bets on comprehensive partnerships with China. In that great geopolitical shift, the Arctic is playing a central role. Not only will oil and gas from Russia’s Arctic fields run through the new eastbound pipelines, but China is also securing stakes in a […]

EIA Chief Economist: Natural Gas Could Be the Energy of the Future

At a conference on the outlook of the world’s energy future in Brussels on Friday, the International Energy Agency’s (IEA) chief economist of global energy economics, Fatih Birol, said he thought natural gas use would increase substantially in the years to come. “We expect that natural gas will soon will be number one fuel in […]

Saudi Arabia, the G20 summit and oil

Saudi Crown Prince Salman bin Abdulaziz arrived in the Australian city of Brisbane for the G20 summit on Thursday. His arrival was preceded by a wave of questions and analyses about the course of future oil prices. Is it a war against Iran and Russia? Or is it a war against U.S. oil production? Or […]

Russia and China’s new gas agreement will starve EU of natural gas

China continues to siphon cheap Russian gas that once went to Europe. Without a plentiful supply of affordable natural gas, Europe faces a looming crisis Russia inked a second blockbuster deal with China that will starve Europe for natural gas in just a few short years. It’s now increasingly clear that 2018 will mark the […]

Welcome To The NEW Era Of Cheap Oil

The world runs on oil. That goes without saying. And for much of the 20th century, the world ran on cheap oil. In the early 21st century, however, that briefly changed. When I moved to Los Angeles from New York in 2004, I could find gas for about $1.25 a gallon. The joke at the […]

Robust output by OPEC and non-OPEC producers keeps adding to global oil supply

Oil’s rout gained momentum in October and extended into November, with Brent at a four-year low below $80/bbl. A strong US dollar and rising US light tight oil output outweighed the impact of a Libyan supply disruption. ICE Brent was last trading at $78.50/bbl – down 30% from a June peak. NYMEX WTI was at […]

Gulf of Mexico oil production fades

Energy consultant group Wood Mackenzie said it expects U.S. Gulf of Mexico oil production to enter a period of decline after peak output is reached in 2016. New fields — Heidelberg and Jack/St. Malo — should boost output from the Gulf of Mexico with 115,000 barrels of oil equivalent in new production by 2016. Overall […]

New China-Russia Gas Pact Is No Big Deal

The latest China-Russia gas deal, declared on the arrival of Russian President Vladimir Putin in Beijing this week, got far more attention than it deserved.  Eager to add fuel to the narrative of an emerging strategic relationship between Beijing and Moscow, commentators pronounced the deal as a game-changer, a symbol of a new partnership between long-estranged countries.  Yet, […]

Shale Oil – Crash Course Chapter 21

If you’ve watch the previous video chapter on Peak Cheap Oil, you may be wondering how any of that could be still be true given all the positive recent stories about shale oil and shale gas , many of which have proclaimed that “Peak Oil is dead”. The mainstream press has faithfully repeated every press and PR […]

In Historic First, Glencore Shuts Coal Mines For 3 Weeks

In a historic move showing just how profound the collapse in global commodity demand and trade is, earlier today the Sydney Morning Herald reported that Australia’s biggest coal exporter Glencore, which last year concluded its merger with miner Xstrata creating the world’s fourth largest mining company and world’s biggest commodity trader, will suspend its Australian […]

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