The demand for oil is growing exponentially

 Crude oil Clock: http://www.oildecline.com/ The time to kick the habit is now…It has taken between 50-300 million years to form, and yet we have managed to burn roughly half of all global oil reserves in merely 125 years or so. The world now consumes 85 million barrels of oil per day, or 40,000 gallons per […]

‘India, China can together create a world that serves humanity’

Launching the Centre for Gandhian and Indian Studies at Fudan University, Mr. Modi said India and China should work together to eliminate poverty. Pitching for cooperation between India and China, Prime Minister Narendra Modi on Saturday said the two should together touch new heights of progress to eliminate poverty, which will benefit the entire world […]

Collapsing Down the Plum Tree

Having recently started this From Filmers to Farmers blog, one which quite often brings up the topic of peak oil, I was recently confronted with a question that I had unintentionally been avoiding for some time: Do I envision a fast collapse or a slow collapse? In case you aren’t aware of the context here, […]

New drilling technology could unlock old oil

Analysis from research center IHS finds advances in hydraulic fracturing used in the United States could unlock oil in mature fields outside North America. IHS researchers looked into what would happen if new and advancing drilling techniques were applied to 170 mature oil fields that may have what was described as incremental hydrocarbon resources. By […]

The Effects Of Increased Oil Well Efficiency

Summary Oil rig count has decreased significantly since the start of the oil crash. Yet despite this, oil production is still rising. Oil well efficiency gains can only last so long. Introduction Recently I have written several different articles on the effect of supply and demand on the current oil price situation. However, several people […]

Major Flaw Found in “ITER” – nuclear fusion reactor

In their paper “Elephant in the room: overlooked plasma-destroying reaction with cross section 1012 times that for fusion necessitates redesign of International Thermonuclear Experimental Reactor ITER,”* three physicists from California Science and Engineering Corp., Irvine, CA, claim that ITER designers were unaware that the ignored fusion-preventing atomic reaction known as “charge transfer” or “CT,” had […]

What’s Max mad about? Peak oil

No matter how it does at the box office this weekend, “Mad Max: Fury Road” joins its three predecessors in the series in being a different kind of apocalyptic movie. Instead of nuclear war or pandemic illness, in the “Mad Max” universe, the End was brought about by — a bad economic theory. It’s the […]

It’s time for a new political and economic system

Our society’s institutions are in crisis — with looming ecological collapse, historic concentration of capital, incarceration rates far beyond those of any other country, the diminishing civil liberties that come along with a permanent “war on terror,” and a political process bought and paid for by the rich and powerful. The Next System Project, or […]

Farmers Eat Rats, Trade Tails for Rice as El Nino Drought Begins

Farmer Juanito Masangkay heads out to the fields at night with a flashlight and a bow and arrow to get food for his wife and seven children. By hunting rats. Masangkay and other Philippine farmers are some of the first to suffer the effects of this year’s El Nino, a weather event that alters climate […]

Peak Oil: A Graphic Story

Australian artist Stuart MacMillan has spent over 700 hours creating this amazing cartoon of the life and work of M.King Hubbert. Below are just 2 images of the 139 that make up the full story. View the cartoon in full View the cartoon in full   For more about the project, or to find out […]

The Greatest Water Crisis In The History Of The United States

What are we going to do once all the water is gone?  Thanks to the worst drought in more than 1,000 years, the western third of the country is facing the greatest water crisis that the United States has ever seen.  Lake Mead is now the lowest that it has ever been since the Hoover […]

California misses deadline on reporting oil-industry water use

The state’s oil and gas agency has missed the deadline for reporting on the use of water by oil producers in California, saying that the large volume of information required could not be processed in time. The California Department of Conservation failed to meet an April 30 deadline for making public a broad range of […]

Iranian boats fire at oil tanker in Persian Gulf

Five Iranian boats fired shots across the bow of a Singapore-flagged oil tanker in the Persian Gulf Thursday, causing it to flee to a nearby port in the United Arab Emirates. A spokesman for Transpetrol, the Norwegian manager of the Alpine Eternity, told Reuters that the vessel was attacked at sea while heading to the […]

The Era of Pretense

I’ve mentioned in previous posts here on The Archdruid Report the educational value of the comments I receive from readers in the wake of each week’s essay. My post two weeks ago on the death of the internet was unusually productive along those lines.  One of the comments I got in response to that post […]

The Great Grief: How To Cope With Losing Our World

Climate scientists overwhelmingly say that we will face unprecedented warming in the coming decades. Those same scientists, just like you or I, struggle with the emotions that are evoked by these facts and dire projections. My children—who are now 12 and 16—may live in a world warmer than at any time in the previous 3 […]

Richard Heinberg Defines Peak Oil

Richard Heinberg, Global Public Media

Is 15% of the Global Clean Energy Market Good Enough?

How does 15 percent measure up? If you’re talking about a baseball batting average, 15 percent puts you on the first fast and joyless train to Mudville. If you’re talking about return on savings with today’s interest rates, 15 percent has you laughing all the way to the bank. If, however, you’re talking about America’s share of […]

Who Wants To Be A Swing Producer? No One

U.S. shale producers are the new “swing producers” in the oil market, as many analysts have noted, but the status of swing producer is hugely misunderstood. It is often portrayed as if it confers power and control. In fact, it often means the opposite. The swing producer often becomes the passive absorber of shifts in […]

How Sustainable is Stored Sunlight?

One of the constraints of solar power is that it is not always available: it is dependent on daylight hours and clear skies. In order to fill these gaps, a storage solution or a backup infrastructure of fossil fuel power plants is required — a factor that is often ignored when scientists investigate the sustainability […]

Venezuela – The Unmentioned Oil Superpower

Venezuela has larger oil reserves than Saudi Arabia. The country only produces 20% of Saudi Arabia’s production level. Venezuela needs higher oil prices for success – this may result in increased production and therefore market supply. Introduction Venezuela is a significant player in the oil markets. The country has several hundred billion barrels worth of […]

The signs of global seismic unrest are showing everywhere

ANOTHER volcanic eruption. The signs of global seismic unrest are showing everywhere. Now (May 12th into 13th 2015) A sudden large blast caught nearby hikers on Nicaragua’s Telica volcano off guard. The eruption started as a relatively small blast (caught on camera nearby the caldera)… the smaller blast gave way to a longer lasting much […]

Saudi claims oil price strategy success

Saudi Arabia says its strategy of squeezing high-cost rivals such as US shale producers is succeeding, as the world’s largest crude exporter seeks to reassert itself as the dominant force in the global oil market. The kingdom’s production rose to a record high of 10.3m barrels a day in April and there is no sign […]

Drilling Begins 3 Miles From BP Oil Spill

Just 3 miles from the catastrophic BP spill in the Gulf of Mexico, a Louisiana company is seeking to unlock the same oil and natural gas that turned into a deadly disaster. Drilling has begun in the closest work yet to the Macondo well, which blew wild on April 20, 2010, killing 11 people and […]

Peak Soil

Roman historian Marcus Cato was a politician, writer, and soldier. He wrote seven volumes on the history of the republic, led Roman armies, and lent his name to his great-grandson, the philosopher Cato the Younger. But, amid all this, Marcus Cato also found time to look at the ground beneath his feet. One of his […]

Is The Shale Oil Production Peak The Key Inflection Point For The Stabilization And Continual Rise Of Oil?

Summary The U.S. has lost 1 percent of its shale oil production this month. Oil production from the major U.S. shale plays is expected to fall 86,000 bpd in June of 2015. The supply of oil worldwide still is higher than the worldwide demand for oil. Has there been a production peak at the notable […]

Bakken Data + Short Term Energy Outlook

North Dakota has published their Bakken Production Data as well as North Dakota Production Data. North Dakota production was up 12,501 bpd above February but still stands 37,531 bpd below the December high and is still 789 bpd below the January production numbers. Barrels per day per well is dropping, 12o for Bakken wells, 99 […]

Oil Glut Worsens as OPEC Market-Share Battle Just Beginning

A global oil glut is building as OPEC kingpin Saudi Arabia pumps near record highs in an attempt to win a market-share battle against stubbornly resistant U.S. shale production, the International Energy Agency (IEA) said on Wednesday. The West’s energy watchdog said in a monthly report that although higher-than-expected oil demand was helping to ease […]

The oil crash: something wicked this way comes

  The recent oil price crash signals the impending demise of the oil and gas industry as a major world energy producer. That should be a good thing, in principle, but something wicked may still come out of the process. With the ongoing collapse of the oil prices, we can say that it is game […]

The Last Barrel Of Oil Will Be Worthless

Why do we no longer burn whale oil? Because alternatives appeared that were cheaper, simpler to procure, and more energy efficient. This is the logic behind why Peak Oil is a false theory, says Diego Parrilla, hedge fund manager and co-author of The Energy World is Flat. “The idea of Peak Oil is a very […]

OPEC denies WSJ article

The Organization of the Petroleum Exporting Countries denied a Wall Street Journal story which said the producer group saw oil prices below $100 a barrel in the next decade. “The article refers to a number of scenarios, including crude oil price assumptions out to 2025, and also claims the report recommends a return to a […]

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