Iraq, Venezuela See $75-80 As ‘Fair’ Price For Oil

The top oil officials of Iraq, Venezuela and Angola said on Wednesday that $75 to $80 a barrel was now a “fair” price for oil, reflecting an emerging consensus on a possible new equilibrium for volatile markets. “The equitable price will be between $75 and $80,” Iraqi oil minister Adel Abdel Mahdi told an OPEC […]

World Oil Output Last 3 Years

The EIA publishes every possible energy stat for the USA and hardly anything for the rest of the world. Well, anything current for the rest of the world anyway. Their International Energy Statistics is already five full months behind and working on six. December 2014 is the last international oil production data we have. Anyway during […]

Forget the Noise: Oil Prices Won’t Crash Again

Oil rising to $60/bbl is displeasing some people, particularly the shorts. Some of the more extreme –those calling for oil in the $20’s – have wisely fallen silent. Others, like Goldman Sachs, who a few months ago had set their flag in the 30’s, have unfortunately not gone so silent. They recently moved their flag […]

Dinner in 2050

What will our dinner plate look like in 2050? As Yogi Berra commented, there is nothing more difficult to predict than the future, except that dinner for most people is likely to be different than it is today. Several realities will play out: the number of mouths to be fed will increase from about 7 […]

Doubtful We’ll Ever Again See Sustained $100+ Oil Prices

Harvard University professor Meghan O’Sullivan doubts that the price of oil will ever climb to its previous heights, CBC News last week reported. “Will prices be sustained over $100? Doubtful,” the Jeane Kirkpatrick Professor of the Practice of International Affairs, Harvard Kennedy School, and former special assistant to U.S. President George Bush said during the Energy […]

Sustainable development: achievable or just a dream?

It is possible that some readers are not aware that the United Nations launched the Sustainable Development Goals (SDGs) earlier this year. It may have slipped the minds of others that the SDGs replaced the MDGs – the Millennium Development Goals. And it is barely conceivable that some are so cynically disposed that they might […]

The shale outlook

A glut of product that has depressed prices has led the U.S. shale oil industry to cut jobs and idle more than half its rigs. But it’s only a temporary retreat for a sector that now has the upper hand globally, two experts write in The Wall Street Journal. “Now the question is whether U.S. […]

The Apex of Industrialism: Manufactured Fake Shit

A factory for the production of ammonia (NH3) The Dr. Pooper Papers, Issue #2: While it would be nice to think that in times before the industrial era that farming was a wholly benevolent practice, the truth of the matter is that similar to today, agriculture actually began with annual monocultures. Nonetheless, there did emerge […]

Orlov: Crazyland

A long time ago—almost a quarter of a century—I worked in a research lab, designing measurement and data acquisition electronics for high energy physics experiments. In the interest of providing motivation for what follows, I will say a few words about the job. It was interesting work, and it gave me a chance to rub […]

Could Middle East Switch From Oil to Renewables?

Decreasing prices in solar power could provide opportunities for oil-poor countries  Even as Saudi Arabian officials continue to tout its shift to renewable energy, it may be oil-poor countries in the region like Jordan and Egypt that can benefit sooner from falling prices in solar power. “Costs have halved in just three years,” energy consultant […]

Footage Of The World’s Largest Oil Spills

  Oil spills have devastating consequences, both economically and environmentally, and videos of those disasters in action highlight both how much fuel is lost during spills and how much they impact the local environment. Kuwaiti oil fields caused by Iraqi military forces setting fire to 605 to 732 oil wells, storage tanks and facilities, between […]

Why US oil will never go it alone

Let me keep this simple. American energy independence is an enormous red herring, no matter how much the U.S. shale hawks and politicians want it to be true. I can already hear the air over the other side of the Atlantic turning blue as I sit in my airplane seat at 33,000 feet on the […]

Kunstler: Twenty-Three Geniuses

If there is a Pulitzer Booby Prize for stupidity, waste no time in awarding it to The New York Times’ Monday feature, The Unrealized Horrors of Population Explosion. The former “newspaper of record” wants us to assume now that the sky’s the limit for human activity on the planet earth. Problemo cancelled. The article and […]

How Long Can OPEC Maintain Its Current Strategy?

The six-month clock is up. OPEC is convening this week in Vienna, as it does every six months, to discuss and decide on how the group will coordinate. The November 2014 meeting was one of the most widely covered in years. After leaving its collective output quota unchanged for several consecutive meetings in a row, […]

Saudi Arabia to boost defence spending

Saudi Arabia is on track to become the world’s fifth-largest military spender by 2020 as it boosts its defence budget by 27 per cent over the next five years despite lower oil prices. With regional conflicts worsening the oil-rich kingdom‘s neighbours, the United Arab Emirates and Qatar, are also planning to increase spending on their […]

4 reasons oil will stay this cheap for years

Producers around the world—from embattled drillers in war-torn Iraq, to shale concerns in the U.S.—aren’t being scared off by cheap prices. Leaders from some of the world’s most productive oil-exporting nations will meet this week in Vienna, just as oil prices have begun to stabilize at around $60 per barrel. As we near peak summer […]

Arab air strikes pound Yemen

Efforts to coax Yemen’s warring factions into talks have made some progress, officials said on Monday, as warplanes from a Saudi-led coalition mounted more air strikes on the country’s dominant Houthi militia. An Arab alliance has been bombing the Houthis since March 26 in a bid to restore exiled President Abd-Rabbu Mansour Hadi to power. […]

The Infamous 1968 ‘Population Bomb’ Doomsayer Still Stands by His Claim

“Population growth will kill you stone cold dead.” That was the alarming message delivered by Paul R. Ehrlich, who warned in his 1968 book The Population Bomb that the explosive population growth was outpacing our planet’s ability to support mankind. Booming population growth, in his eyes, would lead to 65 million people dying in the […]

Natural Gas is Killing Coal

There’s no denying that natural gas is revolutionizing our energy economy, but few believed it could deal such a swift death blow to coal, the commodity that brought us into the Industrial Revolution and has been our backbone ever since. But the signs are irrefutable. Here’s what you need to know. A historic battle Coal […]

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