What Will Determine If Oil Prices Go Up Or Down

It appears as if oil prices could be on the verge of a rebound, with new data showing that the U.S. oil patch is hitting an inflection point. While specific shale regions – such as North Dakota’s Bakken and Texas’ Eagle Ford – have posted production declines, overall U.S. oil output managed to edge up […]

India Plans To Build Fusion Reactor

India has decided to set up a mini nuclear-fusion reactor in an attempt to boost its energy production. The Indian government’s Department of Atomic Energy (DAE) has already cleared the project, with a senior DAE official saying that the proposed move will strengthen India’s position as one of the seven partner countries in the International […]

Russian oil output hits post-Soviet high

Russia’s oil output hit a post-Soviet record high monthly in March, Energy Ministry data showed on Thursday. Below are details about Russia’s oil output: * Production reached an average of 10.71 million barrels per day (bpd) in March, up 0.6 percent from February, helped by higher production at Gazprom and Rosneft. * Previous monthly high […]

Iran Negotiators Agree on Outline Nuclear Accord

Iran and world powers said they reached an outline accord that keeps them on track to end a decade-long nuclear dispute, allowing three more months to resolve differences that couldn’t be bridged in the past week’s diplomatic marathon. Iranian President Hassan Rouhani said on Twitter that solutions to the nuclear issue had been found and […]

Our Current Illusion Of Prosperity

 President Obama and Fed Chair Janet Yellen have been crowing about improving economic conditions in the US. Unemployment is down to 5.5 percent and growth in 2014 hit 2.2 percent.Journalists and economists point to this improvement as proof that quantitative easing was effective. Pile on More Debt Unfortunately, this latest boom is artificial and has […]

Yemen’s Shiite rebels capture presidential palace

Yemeni security officials say Shiite rebels and their allies have captured the presidential palace in Aden following heavy clashes in the commercial center of this southern coastal city. Thursday’s capture came despite week-long airstrikes in Yemen by a Saudi-led coalition trying to halt the advance of the rebels known as Houthis. Aden’s Maasheeq palace is […]

Ukraine signs deal to buy Russian gas

* To cover low demand season, talks on winter continue * Russia had flagged lower price * Ukraine sees a more commercial attitude in talks Ukraine has signed an interim deal for cheaper supplies of gas from Russia for the next three months, providing a breathing space for both sides in their protracted wrangle over […]

Collision Course (Endless Growth on a Finite Planet)

This informative book is about the rise of economic growth to the status of the number one goal of nations; the short-lived challenge to that dogma from the book The Limits to Growth (1972); the solidity of the Limits position as confirmed by subsequent data and the analyses of others; the intellectual poverty and dishonesty […]

Goldman Sachs: US needs to cut, not OPEC

The onus for restoring the oil price back to an equilibrium lies squarely on the shoulders of countries like the U.S. and not on the Organization of the Petroleum Exporting Countries (OPEC), a top Goldman Sachs analyst told CNBC. Michele Della Vigna, head of European energy research at Goldman Sachs, said non-OPEC oil producers had […]

Atlantis Won’t Sink, Experts Agree

If you’re like most Atlanteans these days, you’ve heard all sorts of unnerving claims about the future of our continent. Some people are even saying that recent earth tremors are harbingers of a cataclysm that will plunge Atlantis to the bottom of the sea. Those old prophecies from the sacred scrolls of the Sun Temple […]

Pemex platform fire kills one worker, injures 45

A fire at a shallow-water oil platform in the Gulf of Mexico has killed four workers, injured 16 and forced the evacuation of 300, Mexico’s state-owned oil company said Wednesday. Petroleos Mexicanos, or Pemex, said on its Twitter account that the death toll had risen from one to four. In an earlier statement, the company […]

Fukushima MELTDOWN to cause ‘10,000 Chernobyls’ in South Atlantic

Molten nuclear powerplant cores from Fukushima – having burned their way down through the planetary crust and plunged into the Earth’s centre – are set to emerge again on the other side of the planet and devastate the Falkland Islands, scientists believe. Sensationally, the Register can reveal full details of the impending disaster in the […]

Why $30 a Barrel Oil Is Unlikely

ROBERT RAPIER: As the price of West Texas Intermediate went into free fall in the second half of 2014, nobody had a clue where the price might stabilize. After all, in mid-2008 a similar free fall began that took WTI from nearly $150 a barrel into the $30s. As the price dipped below $50 a […]

What If An Oil Rebound Never Comes?

Oil prices will remain subdued for the next 20 years. That comes from a new policy brief from Stanford economist Frank Wolak, who says that a series of phenomena – surging U.S. shale production, a weakening OPEC, the shale revolution spreading globally, efficiencies in drilling, and more natural gas substitution for oil – will combine […]

China’s Fuel Demand to Peak Sooner Than Oil Giants Expect

China’s biggest oil refiner is signaling the nation is headed to its peak in diesel and gasoline consumption far sooner than most Western energy companies and analysts are forecasting. If correct, the projections by China Petroleum & Chemical Corp., or Sinopec, a state-controlled enterprise with public shareholders in Hong Kong, pose a big challenge to […]

The Hidden Effects of Cheap Oil

What do Russia, Exxon Mobil, and ISIS have in common? Not much, except that they’re all grappling with an inconvenient but incontrovertible truth: a sudden, significant, and prolonged shift in the price of oil changes the world. That truth was on display in 1974, and it’s on display again now. Over the course of just […]

Here’s why a 60% drop in US crude oil prices resulted in a 33% drop in gas prices

Crude oil prices have dropped dramatically since last summer. Strangely, over the same time period, gasoline prices have fallen much less. If a barrel of oil today costs less than half what it did last summer, why hasn’t the price people pay at the pump decreased a similar amount? Sweet or sour? It’s tough to […]

Peak Oil: A Day Early Is Better

Shortsighted as a strategy is … well, shortsighted. Too bad that’s not the worst that can be said about it. Good to know that in my unexpectedly long absence away from posting that not much has changed, price drops and production numbers notwithstanding…. Fossil fuel and utility interests, concerned about the rise of cheap clean […]

Floating Solar Panels: A Viable Solution?

Since 2011, French Company Ciel & Terre has been developing large-scale floating solar solutions. Their innovative Hydrelio Floating PV system allows standard PV panels to be installed on large bodies of water such as: drinking water reservoirs, quarry lakes, irrigation canals, remediation and tailing ponds, and hydro electric dam reservoirs. This simple and affordable alternative […]

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