Turkish Army Enters Syria After Second Day Of Shelling As Saudi Warplanes Arrive

Update: The following video depicts the aftermath of the shelling, which has reportedly claimed the lives of at least two civilians. (as RT reports, “a video released by the Syrian Kurdish news agency ANHA and obtained by Ruptly shows damaged buildings and people rushing to take care of the wounded in the village of Maryamayn near […]

This film imagines Ireland after society has crumbled

COULD YOU SURVIVE the collapse of civilisation? And how far would you go to protect your life? These are questions posed by new Northern Irish film The Survivalist, which has been lapping up praise for its portrayal of a post-apocalyptic Ireland. On set, it can’t have been fun – the cast went on strict diets, […]

Low oil price hits exploration sector

When Todd Energy and its partners Cue Energy Resources abandoned the wellsite Te Kiri North-1 in coastal Taranaki last month, it meant there was no longer any exploratory drilling for oil and gas taking place in the region or the rest of New Zealand. In 2013, 32 wells were drilled in Taranaki alone – 18 […]

The World Is Not Ending (Yet)

Market is exaggerating risk of US recession. Japan’s economy may have contracted in Q4. EU Summit is important even if not conclusive on Brexit and refugees. Investors have become unhinged.The increased volatility and dramatic market moves challenge even the most robust investment strategies. This sets off a chain reaction of money and risk management that […]

Foiled by Oil

“Pemex revenues are down 70% in the past 18 months. That is what Peak Oil looks like.” “Oil in the ground is wealth only on paper – you may own that oil, but it earns you nothing until you recover and sell it. Yet paper wealth is still wealth. It goes on your balance sheet […]

A dollar invested in solar yields more energy than a dollar invested in oil

According to oil company executives, oil is going to be a major energy source to 2100 and beyond. So after hearing an oil man make his case, Chris Goodall went home and crunched some numbers. Money invested in solar power already produces more energy than if it’s put into oil exploration and production, and the […]

Technological progress in big data analytics could create Shale 2.0 and bring US oil costs to $5-20 per barrel

The Oil-price collapse was caused by the astonishing, unexpected growth in U.S. shale output, responsible for three-fourths of new global oil supply since 2008. And as lower prices roil operators and investors, the shale skeptics’ case may seem vindicated. But their history is false: the shale revolution, “Shale 1.0,” was sparked not by high prices—it […]

Just How Accurate Are The EIA’s Predictions?

The EIA recently published the February edition of their Short-Term Energy Outlook. If you follow this month to month, and I do, you will notice their prognostications change a little every month. And over several months those small changes can add up to some rather dramatic changes. Nevertheless, below are several charts with their current […]

Are Americans Too Insouciant To Survive?

When one looks at the deplorable state of the world, one cannot help but wonder at the insouciance of the American people. Where are they? Do they exist or are they a myth? Have they been put to sleep by an evil demon? Are they so lost in The Matrix that they cannot get out? […]

What’s up with Saudi Arabia and its oil?

With oil prices so low, much of the oil market has its eye on one producer in particular: Saudi Arabia. It is the dominant member of OPEC. And for all the reasons oil prices fell in the first place, perhaps the biggest is OPEC’s call in late 2014 to keep pumping full bore. And flood […]

Turkey Shells Aleppo, Says “Massive Escalation” In Syria Imminent As Saudis Ready Airstrikes

Even as all sides – including the US, Russia, Saudi Arabia, and select rebel groups – pretend to be working towards a ceasefire and a diplomatic solution to the five year conflict in Syria, actions speak louder than words, and to put it as succinctly as possible, everyone is still fighting. In fact, the fighting […]

The world has even bigger water problems than we thought

Alarming new research has found that 4 billion people around the globe — including close to 2 billion in India and China — live in conditions of extreme water scarcity at least one month during the year. Half a billion, meanwhile, experience it throughout the entire year. The new study, by Mesfin Mekonnen and Arjen Hoekstra of […]

In Spite Of Its Vast Oil Reserves, Cuba Fails To Woo Investors

With the end of the 54-year U.S. trade embargo on Cuba, and Cuban government moves to encourage foreign investors, Cuba is a suddenly attractive venue that is sitting on an estimated 4.6 billion barrels of oil and promising tantalizingly low production costs that defy low oil prices. In December 2014, the U.S. lifted the trade […]

America’s Energy Outlook Is Bright

In its annual outlook for energy report, ExxonMobil presents data that contradicts Obama’s green energy utopianism.  Who has the better track record of predicting the global energy future: Obama or a private company that actually produces the stuff? In its just published report, “The Outlook for Energy: A View to 2040,” Exxon makes three key […]

How Far Can We Get Without Flying?

I’m a climate scientist who doesn’t fly. I try to avoid burning fossil fuels, because it’s clear that doing so causes real harm to humans and to nonhumans, today and far into the future. I don’t like harming others, so I don’t fly. Back in 2010, though, I was awash in cognitive dissonance. My awareness […]

Is China Hitting Peak Oil?

China pumps more than 4 million barrels of oil a day (only Saudi Arabia, the United States, Russia, and on a good day Canada produce more), but output is expected to decline this year as the country’s oil fields mature and operations become more expensive. The WSJ reports: China is among the world’s top five oil producers, […]

More Drinking Water Contamination

Two recent drinking water investigations in Texas show dangerous levels of contamination. The larger study tested 550 water samples collected from public and private water wells in the north Texas Barnett Shale region over a three-year period and found that the closer a water well is to a fracked gas well, the higher the concentration […]

Extreme Inequality = Economic Collapse

John Fullerton’s white paper, Regenerative Capitalism, lists eight principles critical to systemic economic health. The Capital Institute’s research group, Research Alliance for Regenerative Economics (RARE), uses recent scientific advances—specifically, the physics of flow [1]—to create a logical and measurable explanation of how these principles work to make or break vitality in the human networks of which economies […]

War, Plunging Oil Prices Send Iraq’s Economy Into Crisis

Plunging oil prices have pitched Iraq into a severe financial crisis as it struggles to combat the Islamic State group, play host to millions of refugees and rebuild cities and towns ravaged by war. Iraq’s economy is almost completely reliant on oil, which accounts for 95 percent of government revenues. With global prices hovering around […]

Is The US Leading Saudi Arabia Down The Kuwaiti Invasion Road?

For the first time in a long time I feel concerned and worried about the prospect of war.  The reaction of Saudi Arabia to the Russian intervention in Syria has always been the wild card in the shifting geopolitical power base in the Middle East.  Turkey and Israel, along with Saudi Arabia are the three […]

3 Lessons from the Holocaust to Save Us Now

My mother didn’t die when so many others did – and so lived to give birth to me. I write about this now, because it has everything to do with today, even though the cataclysm in which so many perished happened more than 75 years ago. This is how I began part 1 of this […]

The petrodollar age is no more but with it go old certainties

The drop in oil price adds a twist to the forces driving fragmentation and conflict. Vladimir Putin, the Russian president, is being forced to consider a fire sale of state assets even as he steps up the bombing of opposition forces in Syria. Waging a war of words with Iran, Saudi Arabia is planning its […]

The crash of 2016?

You cannot understand the vulnerable state of the U.S. and global economies — and nervous stock markets — without coming to grips with the crash of “emerging-market” countries. Led by China, these are middle-income countries that, along with the poorest countries, account for 85 percent of the world’s population and 60 percent of the global […]

Renewables: The Next Fracking?

I’d meant this week’s Archdruid Report post to return to Retrotopia, my quirky narrative exploration of ways in which going backward might actually be a step forward, and next week’s post to turn a critical eye on a common but dysfunctional habit of thinking that explains an astonishing number of the avoidable disasters of contemporary […]

OPEC Production Cut Unlikely Until U.S. Oil Output Falls Another Million Barrels Per Day

An OPEC production cut is unlikely until U.S. production declines by about another million barrels per day. OPEC won’t cut because it would accomplish nothing beyond a short-term increase in price. Carefully placed comments by OPEC and Russian oil ministers about the possibility of production cuts achieve almost the same price increase as an actual cut. […]

BP predicts oil will peak again at $100

The oil sector may be in the doldrums – but BP can see light at the end of the tunnel and has predicted that the oil price could even return to $100 a barrel again. Oil has tumbled 70 per cent in the past 18 months to around $30 a barrel and operators have been […]

OPEC January Production

The latest OPEC Monthly Oil Market Report is just out. The the data is “Crude Only” production and do not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose to amplify the change rather than the total. The chats do not include Indonesia. That will be added within the next few months […]

US Shale Oil Output To Double By 2035

U.S. shale oil production will double over the next 20 years as drillers that became more efficient amid a slump in oil prices unlock new resources, British energy giant BP said on Wednesday. In its industry benchmark 2035 Energy Outlook, BP forecast global demand for energy to increase by 34 percent, driven by growth in […]

The US enters a brave new world as it begins LNG exports

Next month, the US is set to export its first cargo of LNG from the continental US. Cheniere Energy, the company that won the highly-contentious race to be the first exporter out of the gate, will have some advantages over its US peers, but the global LNG landscape has changed significantly since the company first proposed […]

The Return Of Crisis

Financial markets the world over are increasingly chaotic; either retreating or plunging. Our view remains that there’s a gigantic market crash in the coming future — one that has possibly started now. Our reason for expecting a market crash is simple: Bubbles always burst.  Bubbles arise when asset prices inflate above what underlying incomes can […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy