The Saudi Aramco IPO May Be Bigger Than First Thought

Information about Saudi Aramco IPO advisors to be released soon Saudi Aramco plans to sell shares in its entire business, the company’s CEO Amin Nasser said. When the IPO was originally announced, there was speculation that the kingdom might only seek to sell shares in the downstream operations of the world’s biggest oil company. The […]

Plausibly Impossible

“But whoso shall offend one of these little ones it were better for him that a millstone were hanged about his neck, and that he were drowned in the depth of the sea.” Jonathan Gottschall, author of The Storytelling Animal: How Stories Make Us Human, tells how E.O. Wilson, who became through his studies of […]

Can Trump’s energy promises come true?

In the most recent presidential debate, Republican Donald Trump said he would bring America’s energy market all the way back. “We are killing, absolutely killing, our energy business in this country,” Trump said. He expressed his support for all forms of energy, particularly coal and natural gas. “We have found over the last seven years, […]

Here are nine of the safest places in the world to survive a third world war

WE live in dangerous times, and the threat of global annihilation is always lurking just around the corner. Nuclear war is always a lingering threat, and recent escalations over Syria risk reviving Cold War tensions between hostile nuclear powers. Reuters 6 When the end times come, where are the best places to hole up away […]

What Triggers Collapse?

Massive disruption often happens quickly by Charles Hugh Smith Though no one can foretell the future, it is self-evident that the status quo – dependent as it is on cheap oil and fast-expanding debt – is unsustainable. So what will trigger the collapse of the status quo, and what lies beyond when the current arrangements […]

Majority of Oil, Gas Workers Unhappy with Current Employment

The majority of oil and gas workers are unhappy with their current jobs, according to a Rigzone poll on Twitter. The majority of oil and gas workers are unhappy with their current jobs, according to a Rigzone poll on social media platform Twitter.   Out of 223 participants in the poll, 65 percent said that […]

Why Africa’s Oil Crisis Could Lead To Growth

The African continent has some of the world’s fastest-growing economies, but some are seeing hard times because they rely on crude oil. Since the crude oil price has now dipped below $50 a barrel for the first time since May 2009, the African oil-producing countries are facing some serious financial difficulties. Nigeria, which has been […]

There’s Never Been A Better Time to Be Alive

Johan Norberg wrote his excellent new book Progress for three reasons. First, because something important happened. Second, because no one believes it. And third, because it’s dangerous that they don’t believe it. Norberg’s book comprehensively documents the myriad ways the state of humanity has vastly improved over the past couple of centuries. Global life expectancy […]

Iran deploys warships in the Gulf of Aden

Iran sent two warships to the Gulf of Aden on Thursday, the semi-official Tasnim news agency reported, establishing a military presence in waters off Yemen where the U.S. military launched cruise missile strikes on areas controlled by Iran-backed Houthi forces. “Iran’s Alvand and Bushehr warships have been dispatched to the Gulf of Aden to protect […]

Russia, Saudi Oilfield Mismanagement Will Bring Back $100 Oil

Today, Russian President Vladimir Putin pledged to cooperate with Saudi Arabia’s proposal to reduce oil production in an effort to boost oil prices. Bruce Pile says that Russia and Saudi Arabia may not have as much control over oil production as it appears. His analysis indicates that after years of Russian and Saudi mismanagement of their giant […]

What does a peak in per capita demand mean for global energy?

A new World Energy Council report, called “The Grand Transition”, has found that global per capita energy demand will peak before 2030. The prediction is nothing short of historic, given that world energy demand has more than doubled since 1970. What accounts for the shift? According to the document, released just prior to the start […]

Iraqis choke as sabotaged oil wells blaze

“We cover the children at night when they sleep,” said Khalil. His hands were stained black, the air in the entrance to his house thick with smoke. Khalil, his wife and five children live but a minute’s walk from a blazing oil well, one of more than a dozen ISIS has set alight in recent […]

World Oil Production In Balance, U.S. Natural Gas Production Way Down

World oil production is in balance and U.S. marketed natural gas output fell for the first time since 2005. The EIA (U.S. Energy Information Administration) published its Short Term Energy Outlook (STEO) today. Here are the highlights. World oil (liquids) output for September was 96.47 mmbpd (million barrels per day) and consumption was 96.39 mmbpd. That […]

Saudi Arabia, Where Even Milk Depends on Oil, Struggles to Remake Its Economy

AL KHARJ, Saudi Arabia — This is what it takes to run a mega-dairy in the scorching desert here: 180,000 Holstein cows, precisely cooled cowsheds, water pumped from deep underground, feed from Argentina and a state-of-the-art refrigeration system. To transport chilled milk and other products all over the Arabian Peninsula, add 9,000 vehicles. None other […]

Welcome To Peak Oil

The term “peak oil,” per Wikipedia, is the point in time when the maximum rate of extraction of petroleum is reached, after which it is expected to enter terminal decline. To yours truly, it refers to the point in time at which oil prices must begin to decline lest their effect on inflation become problematic. […]

WHY IT MATTERS: Energy

THE ISSUE: Energy independence has been a goal of every president since Richard Nixon. Hillary Clinton and Donald Trump have very different ways to achieve it. How energy is produced and where it comes from affect jobs, the economy and the environment. ___ WHERE THEY STAND Clinton pledges that under her leadership, the U.S. will […]

An Afternoon in Early Autumn

I think it was the late science writer Stephen Jay Gould who coined the term “deep time” for the vast panorama opened up to human eyes by the last three hundred years or so of discoveries in geology and astronomy. It’s a useful label for an even more useful concept. In our lives, we deal […]

Bakken Production Down, OPEC Production Up

North Dakota has released August production data for the Bakken and also for all North Dakota. Bakken production was down 46,433 barrels per day to 930,931 bod, All North Dakota was down 48,695 bpd to 981,039 bpd. This is first time North Dakota has been below 1 million barrels per day since March of 2014. […]

Energy demand to peak by 2030 amid ‘Grand Transition’

Global per capita energy demand will peak before 2030, thanks to technological innovation, government policies and lower growth expectations, according to a newly released report by the World Energy Council. The “Grand Transition” report sets three scenarios for the energy sector to 2060, with very different realities across regions. It highlighted there will be a shift […]

Saudi Arabia Cuts Off Oil To Egypt

Saudi Aramco has discontinued shipping refined oil products to the Egyptian General Petroleum Corporation, Egypt’s state oil company, as of early October, Reuters reported Monday, citing an Egyptian government official. Egypt did not receive crucial allocations of Saudi petroleum aid this month, forcing its state buyer to intervene by rapidly increasing tenders in order to buy over $500 […]

D.E.growth: A Small Change in the Slogan with Large Benefits

In a recent article with Stefan Drews, we discussed why degrowth might be an unfortunate name and slogan for the alternative economics movement. We listed several expressions that could possibly be better, but we were also upfront about their disadvantages. Here I propose a new term that might combine the advantages of the word degrowth […]

Mammoth Global Debt A Risk To Oil Demand

The world’s combined huge debt level poses a risk to oil demand growth, the International Energy Agency (IEA) said on Tuesday, building upon International Monetary Fund (IMF) figures from last week. The IMF said on October 5 that the global gross debt reached US$152 trillion in 2015, an all time-high, and warned that it could […]

Why energy prices are ultimately headed lower; what the IMF missed

We have been hearing a great deal about IMF concerns recently, after the release of its October 2016 World Economic Outlook and its Annual Meeting October 7-9. The concerns mentioned include the following: Too much growth in debt, with China particularly mentioned as a problem World economic growth seems to have slowed on a long-term basis […]

Activists Shut Down ALL TAR SANDS PIPELINES to the USA

BREAKING: 5 Activists Shut Down ALL TAR SANDS PIPELINES entering the USA For more info visit facebook.com/climatedirectaction/

OPEC Is Still Some Way Off an Oil Deal With Russia

  Bit early to start celebrating’ amid OPEC differences: Lien Optimism of Saudis, Russians sent oil prices higher on Monday Norway, western Europe’s largest oil producer, said OPEC is still some way off forging a deal to limit supply even as optimism from Saudi Arabia and Russia sent crude prices higher. “It’s a little bit early […]

Turkey And Russia Sign Strategic “Turkish Stream” Gas Pipeline Deal

Less than three months after Turkey’s president Erdogan, in the aftermath of the mid-July “failed coup” visited Putin in Russia in his first and very symbolic foreign trip, Putin has returned the favor with a visit of his own to Turkey, where he promptly confirmed that economic relations between the two nations are on solid […]

Doing the Energy Maths

In a recent Guardian article, columnist George Monbiot takes on the Governments who have signed and are in the process of bringing the Paris Agreement into force, arguing that their actions are not aligned with limiting warming of the climate system to the extent the agreement requires. The argument presented revolves around the ongoing development […]

Bakken Open Season Pennsylvania Regulations

It’s official: an overhaul of environmental regulations for shale gas drillers was published in the Pennsylvania Bulletin and went into effect on Saturday.The thick package of regulations is designed to reduce impacts on public resources, such as schools and parks, help prevent spills, strengthen waste management and require stronger well site restorations. The implementation follows […]

Saudi Arabia Is Buying Up America’s Oil Assets

Saudi Arabia is quietly amassing quite a portfolio of American energy assets. State-owned Saudi Aramco is already co-owner, with Royal Dutch Shell , of Motiva, the largest U.S. refinery. Under an already signed agreement, in April 2017, Aramco will take full ownership of the most valuable Motiva assets. Now comes news that Motiva is the […]

Russia Becomes a Grain Superpower as Wheat Exports Explode

Long known for its oil and gas, Russia is now moving to retake leadership in the world wheat trade it last held when the Czars ruled. In the process, it’s reshaping the market for one of the world’s most important traded food products. Last season, Russian topped the U.S. in wheat exports for the first […]

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