Saudi Arabia boosts OPEC Oil Output

Saudi Arabia boosted crude oil production for a second month to the highest level in at least three decades, helping to raise OPEC output as U.S. supply growth showed signs of slowing. The Middle Eastern country increased daily crude output by 13,700 barrels in April to an average of 10.308 million, according to data the […]

Africa – Huge Oil Demand

Summary Africa is a rapidly growing continent both in terms of its population and its demand for resources. World oil demand, with Africa as the backbone could grow to 300 million barrels per day over the next hundred years. The market vectors Africa ETF offers a good opportunity to invest but its price has remained […]

World population-food supply balance is becoming increasingly unstable

Researchers report that as the world population increases and food demand has grown, globalization of trade has made the food supply more sensitive to environmental and market fluctuations. This leads to greater chances of food crises, particularly in nations where land and water resources are scarce and therefore food security strongly relies on imports. The […]

Oil output at Bakken and Eagle Ford starts a descent

EIA report shows forecast for shale oil output fall in June Oil production from the Bakken and Eagle Ford shale plays look like they’ve peaked and other shale plays may not be far behind. Oil production from seven major U.S. shale plays is expected to fall by a total of 86,000 barrels a day in […]

America’s Achilles’ Heel

Last Saturday, a massive Victory Parade was held in Moscow commemorating the 70-year anniversary of the surrender of Nazi Germany to the Red Army and the erection of the Soviet flag atop the Reichstag in Berlin. There were a few unusual aspects to this parade, which I would like to point out, because they conflict […]

Bakken Formation Still Has 6 Billion Barrels of Oil

How much recoverable oil does the Bakken Formation have? The most recent estimate of proved reserves is just under 6 billion barrels for the entire Williston Basin, which includes the Bakken, and another 3.5 billion to 4.1 billion barrels of “undiscovered and technically recoverable” oil. Harold Hamm, founder and CEO of Continental Resources, once said he […]

OPEC Sees Oil Price Below $100 a Barrel in the Next Decade

Oil prices will remain below the psychologically important $100-a-barrel mark until at least 2025, according to a draft report by the Organization of the Petroleum Exporting Countries (OPEC), seen by The Wall Street Journal. In its most optimistic scenario, OPEC, which represents 12 oil-producing countries, forecast that oil will sell for around $76 per barrel […]

U.S. Approves Shell’s Plan to Drill in Arctic

Royal Dutch Shell’s return to oil drilling in the U.S. Arctic for the first time since 2012 took a big step forward on Monday when the Obama administration approved the company’s exploration plan. The Department of Interior conditionally approved Shell’s plan to explore for oil in the Chukchi Sea off Alaska. Shell has already spent […]

How Much Longer Can The Oil Age Last?

History has been so fascinated with oil and its price movements that it is indeed hard to imagine our future without oil. Over the last few months, we have witnessed how oil prices have fluctuated from a 6 year low level of $42.98 per barrel in March 2015 to the current levels of $60 per […]

China world’s biggest oil importer

  China overtook the US as the world’s biggest importer of crude oil in April, the culmination of a seismic shift in global energy flows over the past decade. Chinese customs data showed crude oil purchases from overseas hit a new high of 7.4m barrels a day in April, equivalent to roughly one in every […]

The kings and O

What’s behind Obama’s awkward embrace of the Middle East’s monarchs.. When Barack Obama hosts leaders from six Arab monarchies at Camp David later this week, he will try to reassure them that America has their back against Iran and Islamic radicals. Privately, he may also be thinking something less friendly: Your days are numbered. The […]

‘Resilience’ Is The New Black

This is another essay from our friend Dr. Nelson Lebo III in New Zealand. Nelson is a certified expert in everything to do with resilience, especially how to build a home and a community designed to withstand disasters, be they natural or man-made, an earthquake or Baltimore. Aware that he may rub quite a few […]

Saudi king sending crown prince to summit with Obama

Saudi Arabia’s King Salman has designated his crown prince to attend a Gulf Arab summit with U.S. President Barack Obama, the state news agency, SPA, reported on Sunday, just two days after the White House said the monarch would attend the gathering. Foreign Minister Adel al-Jubeir announced that Crown Prince Mohammed bin Nayef would head […]

Could ‘ice that burns’ be the next step in natural gas?

The next big thing in natural gas production may come from the enormous amount of gas trapped in ice found both in the ground and under the sea. The U.S. Geological Survey says it is sometimes referred to as the “ice that burns,” because when lit by a flame the icy chunks of “methane hydrates” […]

Explosion, smoke at Indian Point nuclear plant north of NYC

A transformer exploded at the Indian Point nuclear plant, 38 miles (61 km) north of New York, causing visible fire and black smoke. The plant’s operator had to shut down one of the reactors but assured the emergency caused no threat to public safety. Unit 3 of the nuclear plant, which is located on the […]

Fracking and sex

When I think of extracting natural gas from Pennsylvania’s Marcellus Shale, I don’t think of sex, sexually transmitted disease or chlamydia. When it comes to hydraulic fracturing, commonly called fracking, the only question springing to mind is: When will I be able to ditch heating oil for gas so I don’t go broke each winter? […]

ITER- The Way to Fusion Power

ITER- The Way to Fusion Power

Population; the elephant in the green room

A monstrous and ever expanding elephant sits in the green crusaders’ room. Amidst all the liberal internationalist angst about greenhouse gases and pollution generally, the greatest and most obvious cause of both is ignored by mainstream politicians: the already great and rapidly rising population of the world. The world population is estimated to be over […]

Alberta Elects a Friendlier Face for Its Oil Sands

Politics in Alberta, Canada’s oil-rich conservative heartland, rarely makes news beyond its borders. The province has been governed by an orderly series of Progressive Conservative (P.C.) Party majorities since 1971; the machinations of a monarchy’s hereditary succession tend to offer more in the way of political fireworks. But on Tuesday the provincial election captured headlines […]

Are Flying Cars For Real?

One of the most common features of our imagined future has always been the flying car. The 21st century was meant to have skyways instead of highways, with vehicles buzzing overhead, weaving through skyscrapers and gliding into skyports. Take heart. Although we’re a little behind schedule, there are a number of companies out there seriously […]

China likely to raise oil prices

China is likely to raise gasoline and diesel retail prices in the domestic market after a rising trend of global prices. Analysts predicted the guide prices will be lifted by over 200 yuan (around 33 U.S. dollars) per tonne, marking the third consecutive rise. The change is expected to be announced on Monday by the […]

More Than 100 Saudi-Led Airstrikes Hit Yemen

A Saudi-led coalition struck northern provinces of Yemen on Saturday in a third consecutive night of heavy air strikes, the Houthi rebels said, following their shelling this week of Saudi border areas. More than 100 air strikes hit areas of Saada and Hajjah provinces, including the districts of Haradh, Maidi and Bakil al-Mir, the Houthis […]

How Gen Y Will Change the Face of Oil, Gas

During the downturn of the 1980s and 1990s, the oil and gas industry suffered from a drastically low influx of talent. As a result, the sector is now left with two dominant age demographics: Baby Boomers and Gen Y, also known as millennials. As many Boomers prepare to retire, the industry is set to retain […]

America’s Oil Drilling Boom Is Sputtering Back to Life

  The oil boom isn’t dead after all. For the first time in five months, a rig in the Williston Basin, where North Dakota’s Bakken shale formation lies, sputtered back to life and started drilling for crude once again. And then one returned to the Permian Basin, the nation’s biggest oil play, field services contractor […]

Why Food Companies Aren’t Prepared To Deal With Water Scarcity

Leading global food companies are failing to account for impending water scarcity in their business plans, a new report finds. Released Thursday by the Boston-based sustainable business consortium Ceres, Feeding Ourselves Thirsty: How the Food Sector is Managing Global Water Risks looked at how the world’s top 37 food companies, like Coca-Cola, Cargill, and General […]

The Death of the Green Energy Movement

The green energy movement in America is dead. May it rest in peace. No, a majority of American energy over the next 20 years is not going to come from windmills and solar panels. One important lesson to be learned from the green energy fad’s rapid and expensive demise is that central planning doesn’t work. […]

US, Saudis call for 5-day cease-fire in Yemen

A coalition led by Saudi Arabia ordered civilians in rebel strongholds in northern Yemen to flee by nightfall Friday, warning it will strike anything in the region, even as the Saudis pressed for a cease-fire to begin next week. After the evening deadline passed, the coalition’s warplanes attacked a rebel-held complex in the region that […]

Another Crude Train Derails in North Dakota

A BNSF crude oil train derailment in North Dakota early Wednesday involving 10 tanker cars remained under investigation Thursday. The incident near Heimdal, ND, in Wells County, about 100 miles northeast of Bismarck, occurred around 7:30 a.m. CDT. The fire and smoke led local authorities to evacuate residents in the area. No one was injured, […]

Why We Have an Oversupply of Almost Everything

The Wall Street Journal recently ran an article called, Glut of Capital and Labor Challenge Policy Makers: Global oversupply extends beyond commodities, elevating deflation risk. To me, this is a very serious issue, quite likely signaling that we are reaching what has been called Limits to Growth, a situation modeled in 1972 in a book […]

The Peak Oil Crisis: The Cold Fusion Conference

In mid-April the 19th International Conference on Cold Fusion (ICCF-19) took place in Padua, Italy and was attended by some 470 scientists, cold fusion bloggers, entrepreneurs, and the merely interested. The first of these conferences was held back in 1990 in the wake of the University of Utah announcement that two of its chemists had […]

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