The Link Between Oil Reserves and Oil Prices

Last December the Energy Information Administration (EIA) released its latest estimate of U.S. Crude Oil and Natural Gas Proved Reserves. Although natural gas reserves rose, the real story was crude oil reserves. The EIA reported that U.S. proved reserves of crude oil and lease condensate had increased for the fifth year in a row, and had […]

Saudi Arabia plans to borrow $27bn

Saudi Arabia is returning to the bond market with a plan to raise $27bn by the end of the year, in the starkest sign yet of the strain lower oil prices are putting on the finances of the world’s largest oil exporter. Bankers say the kingdom’s central bank has been sounding out demand for an […]

Syria’s Oil Industry Largely Destroyed

Syria’s oil industry, like most of its industries, is in a state of collapse.  And even recent gains, according to analysts, won’t come close to bringing it back. “We have great necessity to have oil production to make the economic wheel go forward,” said Afif Dalla, a political analyst in Damascus, but “I think in […]

The Oil Low Is Coming So Prepare To Buy Cheap

The market doesn’t like slumping stocks. Shares that fall become unpopular with investors who bailed at a loss and holders hoping for the day when the price will return to the level they bought in at, so they can sell without taking a hit. Investors and traders are normally sore losers, so once a stock […]

Financial Experts That Are Warning A Great Financial Crisis Is Imminent

Will there be a financial collapse in the United States before the end of 2015?  An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis.  Of course that doesn’t mean that it will happen.  Experts have been wrong before.  But without a doubt, […]

Venezuela’s lake of endless oil a lawless mess

From the moment the diver in red nylon coveralls and blue Chuck Taylor sneakers resurfaces after replacing rusted pipeline on the bed of South America’s largest lake, it’s a race against time. Coated head to toe in dark-black oil, he clambers aboard the service boat, rips off his makeshift uniform and scrambles to hose himself […]

US poised to become leading exporter of natural gas

The U.S. is on the verge of becoming one of the world’s largest suppliers of liquefied natural gas, but it still faces stiff competition from rivals in the $120 billion LNG export business, including Qatar, Australia and rising markets in East Africa. Tim Boersma, acting director of the Foreign Policy Energy Security and Climate Initiative […]

The future of rail travel isn’t the Hyperloop

As the world’s population becomes increasingly urbanised, it is estimated that the number of journeys measured in passenger-kilometres will triple by 2050. Roads simply can’t absorb this increase. Railways, with their greater capacity for carrying more people, quickly and with greater energy efficiency, are the best bet to become our mobility backbone. Of course, engineers’ […]

The End of the Car Industry As We Know It?

Bloomberg’s Scarlet Fu reports on pollution its impact on the car industry. She speaks on “Bloomberg Markets.

Beyond The Rational Mind And Human Ego

Excerpt from The Lifeboat Hour on http://prn.fm 07.24.15 Carolyn Baker and Derrick Jensen discuss his book “Dreams,” culture, spirituality, and so much more. For more information: http://www.carolynbaker.net http://www.derrickjensen.org For all Xnotes: Field Notes from Extinction, please visit: http://bit.ly/1F0b0OE

US Oil Production Finally Starting to Decline

There has been very little data to post about recently and as everyone should know by now, I post primarily about data. So if there is no data there is not much to post about. Also I have been very busy for the a week now and have checked in only a couple of times. […]

A Helium-3 and Oil Timeline: Is There a Conspiracy Between the U.S. Government and the Fossil Fuels Industry?

While doing research for my book A Truth Stranger Than Fiction, I found a lot of material on helium-3 and oil, some of which suggested the existence of a conspiracy between the U.S. government and the fossil fuels industry to suppress development of helium-3 and moon mining so that the resources in the Bakken Formation […]

Natural Gas Pipeline from Iran to Iraq could be Ready in 20 Days

Iranian Gas Engineering and Development Company says pipeline could be ready before the end of August Managing Director of the Iranian Gas Engineering and Development Company Alireza Gharibi said the company finished testing 100 kilometers (about 62 miles) of pipeline that will run from Iran to neighboring Iraq. Gharibi said the company hopes to export […]

U.S. Natural Gas Exports to Mexico Taking Off

Just as Space X rockets may be taking off from the beaches at Boca Chica near Brownsville, natural gas exports to Mexico look to also sky rocket in the coming years. Due to changes in Mexican law in 2013 opening the electricity market to private investment, billions of dollars in contracts have been let to […]

Saudi energy consumption is highest in MENA

The widely reported fall in Saudi Arabia’s crude oil exports in May — the first time in five months — led many to assume that this may counter the fall in crude oil prices. This is not the case. To start with, the fall in Saudi Arabia’s crude oil exports was reported by Saudi Arabia […]

Peak oil is dead – long live clean air

Achieving a decarbonised economy is not only possible, it’s vital to escape the worst effects of climate change. Oil surely now has one foot in the grave. Collectively, governments currently spend around US$1t a year subsidising fossil fuels, but the irony is that if they do as they say, and limit climate change to below […]

Kunstler: Where Candidates Fear to Tread

That the snarkier circles of political commentary thrill to the elephantine bellowings of Donald J. Trump only shows the pathetic limitations of the snarkists. They enjoy Trump’s filterless mouth, his harsh goadings of the other presidential wannabes, and his supposed telepathic empathy for the suffering public outside the magic kingdom of DC. Trump has one […]

Waste Less, Share More

Food waste is big news at the moment, as well it should be. According to a recent World Resources Institute report, approximately a third of all food produced for human consumption never gets eaten. Efforts to reduce this figure often focus on waste generated by supermarkets, shops and restaurants. In France, for example, legislation has […]

Obama to Order Steeper Cuts for Power Plants

President Barack Obama will impose even steeper cuts on greenhouse gas emissions from U.S. power plants than previously expected, senior administration officials said Sunday, in what the president called the most significant step the U.S. has ever taken to fight global warming. A year after proposing unprecedented carbon dioxide limits, Obama was poised to finalize […]

Mysteries of Eleuthera

” What kind of force can leave a four million pound rock on top of a cliff? According to the oceanographers, it was waves. “ Eleutheran boulder The Glass Window Bridge of North Eleuthera is one of the island’s more popular attractions. Once a naturally formed bridge of rock, it was destroyed in a hurricane […]

Energy, the repressed: Paging Dr. Freud

Jeremy Rifkin announced the end of work in a book by that title in 1995. Today, we are once again being told that the end of work is nigh. The Atlantic Monthly tells us so in a piece entitled, “A World Without Work.” Automation and computer technology will bring unimaginable change and prosperity–and result in […]

Russia-Iran-Iraq: The Emerging Natural Gas Mini-OPEC

Iran’s natural gas stands in the mind of many as a question mark in the post-sanctions global ties with Tehran. President Obama said in mid-July that Moscow was very helpful in getting the negotiations with Iran to a fruitful conclusion. “I was not sure given the strong differences we are having with Russia right now […]

Saudi Aramco Testing C02 to Get More Oil From Giant Ghawar Field

Saudi Arabian Oil Co. started injecting carbon dioxide to try and boost extraction rates from the world’s biggest oil field as the company steps up plans to recover more crude from its deposits. Saudi Aramco, as the company is known, already started injection and will put 40 million standard cubic feet per day of CO2 […]

Venezuela food crisis sparks looting

A man has been shot dead as Venezuelans stormed a supermarket warehouse in the grip of food shortages.

Exxon, Chevron Bracing for Dark Times Ahead

Exxon Mobil Corp. and Chevron Corp., the biggest U.S. energy producers, hunkered down for a prolonged stretch of weak prices after posting their worst quarterly performances in several years. Exxon reported its lowest profit since 2009 as crude prices fell twice as fast as the world’s largest crude producer by market value could slash expenses. […]

Oil to hit low $30s by the end of 2015

The prospect of oil prices falling below $40 receded earlier this year amid a crude rally, but with futures sliding again, investors shouldn’t rule out a three-handle, Again Capital founding partner John Kilduff said Thursday. “Christmas time we’ll probably be rebounding off new lows off of the mid to low 30s,” he told CNBC’s “Squawk […]

Liquid Solar Technology Could Be Next Gen of Renewable Energy

“The first working prototype, created in 2009, was a quarter of a grain of rice in size” Look out solar panels, there’s a new “first of its kind” solar technology in town! Its makers said it’s engineered to outperform rooftop panels by 50-fold, and at a fraction of the cost. And this groundbreaking invention could […]

Oil storage becomes big business

Commercial crude stocks across the United States rose by 105 million barrels early this year to peak at 490 million barrels, the highest level in eight decades. Despite some draw downs in recent weeks, which have reduced inventories to 460 million barrels, stocks are still 92 million barrels higher than this time last year. And […]

Getting It Right on Population

There was a time when we worried about a “population explosion,” with ever more people fighting over ever fewer resources. Yet, the population growth has decreased since the late 1960s and resources have not run out. There are still population problems, but the two main ones are likely different from what you think. The UN […]

Peak oil, Peak gold, Peak everything – coming disaster for everyone

The global financial and political scene is now undergoing a transition that goes largely unnoticed and escapes general comprehension. Many facts and indicators provide mounting evidence that the status of the US dollar as international reserve currency is being seriously threatened by the BRICS economic block and that alternative arrangements for international trade and commerce, […]

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