Peak Russia + Peak USA means Peak World

Since around 2005 many countries have increased their oil production but more have decreased. But the combined production of the United States and Russia have kept the world on a slight uptrend since that time. World oil production jumped in 2011, hardly moved at all in 2013 but it was up by more than  1.5 […]

Radioactive leak detected at Japan’s Fukushima

A small quantity of radioactive water has leaked from a storage tank at Japan’s tsunami-crippled Fukushima Daiichi nuclear power plant, Tokyo daily Asahi Shimbun reported Saturday. A worker at the facility, located in northeastern Japan, found a wet patch measuring 20 sq. centimeters (3 sq. inches) under a storage tank for radiation-contaminated water on Friday […]

Russia signs up to $100 bn BRICS fund to rival IMF

Russian President Vladimir Putin ratified an accord Saturday to set up a $100-billion reserve fund for the so-called BRICS — the five leading emerging economies that include Russia, China, Brazil, India and South Africa. Moscow is expected to contribute $18 billion to the reserve, well behind the $41 billion China has promised to pour into […]

U.S. Navy accompanies 4 ships through Strait of Hormuz

The U.S. Navy accompanied four American-flagged ships and a British vessel moving through the Strait of Hormuz at the mouth of the Persian Gulf on Thursday, and officials said the U.S. will offer that aid to any other nation concerned about interference from Iranian vessels. U.S. Army Col. Steve Warren, a Pentagon spokesman, said the […]

Audi designs method to produce crude nonrenewable fuel sources from mixture of air and water

German automaker Audi says it has developed a process for making diesel fuel out of nothing but water and carbon dioxide, laying the groundwork for a green, carbon-neutral fuel. Audi calls the diesel produced by the new process “e-diesel” and is trumpeting it as a “fuel of the future.” Audi developed the process in conjunction […]

What does a Dutch cereal farm have to teach us about overpopulation?

  Concerns about overpopulation have been a mainstay in poverty eradication discussions for decades. But according to the Brookings Institution, the problem isn’t only overhyped, it’s also missing the bigger issue. “Overpopulation is an appealing emotional concept for many. With refugees, poverty, malnutrition, and hunger broadcast onto televisions around the world every day, emotional pictures […]

Science, Not Politics, Should Drive Trade and Regulatory Decisions

The Obama administration issued a stinging rebuke of the European Union’s decision this week to allow countries in Europe to “opt-out” of U.S. imports of genetically modified (GM) foods and feed. The U.S. Trade Representative said that such a rule “ignore[s] science-based safety and environmental determinations” that modifying crops in laboratories is no more harmful […]

Russian oil production remains at post-Soviet high

Russian oil and gas condensate production, among the world’s largest, remained at a post-Soviet record level of 10.71 million barrels per day in April, underpinned by a recent recovery in oil prices, Energy Ministry data showed on Saturday. Global oil prices jumped 21 percent in April to over $66 a barrel due to slowing drilling […]

Oil be damned

IN 2014 oil prices crashed. Americans jumped for joy. Small wonder: each year the average American consumes more energy than a Briton and a Japanese person put together. The oil-price drop pleased economists, too. Many were sure that it would give the economy a nice boost. However, the oil bust was followed not by a […]

A Global Financial Forecast for Natural Gas

With an abundant supply of natural gas in North America—far more than we ever imagined thanks to natural gas shale resources—there are three distinct and important factors shaping our industry’s financial future today. On a global level, as the U.S. gets set to export its first liquefied natural gas early next year1, how these large […]

World Oil Yearly Production Charts

The EIA publishes World C+C Annual Production as part of its International Energy Statistics. The data goes back to 1980 and includes OPEC countries as well as Non-OPEC. I have plotted annual production for the 37 largest producers plus one titled “Other” which is the sum of all the other small producers not plotted. I have […]

How Shale Is Becoming The Dot-Com Bubble Of The 21st Century

As I review the financials of one of the largest shale producers in the United States, Whiting Petroleum (WLL), I can’t help but notice the parallels to the .COM era of 1999 which, to some extent, has already returned to the technology and biotech sectors of today. Back then, the faster you burned cash to […]

How tech can stop the looming food crisis

  Start by developing technologies that reduce all the wasted food out there. The world’s population is expected to increase from 7 billion today to 9 or 10 billion by the end of the century, according to the United Nations. We also can expect more pressure on the food supply as people in the developing […]

Peak Oil: One-Track Minds

One could argue that the most dangerous push in our energy/environment discussion is that which seeks to stop/limit oil production and/or divest from oil companies. That’s because our primary fuel has nowhere near a significant substitute. As such, publicly-traded oil companies are the lone bastion between us and a complete reliance on OPEC. [1] Well […]

Saudi Arabia to restructure Aramco, separate it from oil ministry

Saudi Arabia’s Supreme Economic Council has approved a restructuring of state oil company Saudi Aramco [SDABO.UL] that includes separating it from the oil ministry, Al Arabiya television channel reported on Friday, citing sources. There are no indications that the move will lead to changes in the fundamental way the world’s top crude exporter makes its […]

Let’s prepare for a world of change

WITH global population set to pass 8 billion in just a few years there are some tough choices to be made, says May East I think HG Wells had it right when he said that we are in a race between education and catastrophe. For the environmental educator David Orr this race will be won […]

Kjell Aleklett Update: Peak Oil 2015-2016

What happened to peak oil? Here an older 2012 video from Swedish peak oil luminary and ASPO chairman Kjell Aleklett. At the time, when we started this blog, we were entirely in the Richard Heinberg mode of thinking, summarized as: ‘industrial society is going to be hit very soon by a truck, that few see […]

The Dwindling US Economy

The announcement today (April 29) of a barely positive GDP first quarter 2015 growth rate of 0.2 percent (two-tenths of one percent) is an intentional exaggeration. Today’s GDP report is the “advance estimate.” There will be two revisions, with the first occurring in one month on May 29. Although the “consensus estimate,” which is Wall […]

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