Sea Ice In Both Arctic, Antarctic Hits Record Low

Sea ice in both the Arctic and Antarctic last month hit the lowest levels on record for January, the United Nations World Meteorological Organization says. Concentrations in the atmosphere of carbon dioxide, the chief gas said to cause global warming, also hit a January record. “It is a quite strange situation,” said David Carlson, director […]

Hydrocarbons depletion inescapable reality

Hydrocarbons are a depleting resource and this is an “inescapable” reality, said HE Abdullah bin Hamad al-Attiyah, former Deputy Prime Minister and Minister of Energy and Industry. He was delivering the closing address at ‘The energy and economic diversification policies’ roundtable organised by Qatar Leadership Centre (QLC) and Rice University’s Baker Institute in cooperation with […]

Another robot just broke down investigating Fukushima

Another robot has died in the depths of one of Fukushima’s nuclear reactors, as attempts to locate and remove melted radioactive fuel continue. This is the second robot in two weeks to meet its end in the Fukushima Daiichi nuclear power plant in Japan, the site of a major nuclear accident caused by the devastating […]

How Saudis Cut Oil Output Without Really Cutting

Saudi Arabia has led the way among major energy exporters in cutting oil production. At the same time, the kingdom is adding to global supply in a surprising way. The deal to cut oil output has been a success, at least for its first month, largely because there was little cheating and because Saudi Arabia […]

EU Coal Plants ‘Should all Close by 2030’

EU countries should close all of their coal plants by around 2030 if they want to stick to the Paris Agreement on climate change. This is the conclusion of a new report by research non-profit Climate Analytics. The cheapest way to meet Paris targets is to replace EU coal power with renewables and energy efficiency, […]

Can Saudi Arabia Carry OPEC Through Spring?

Faced with budget strains amid low oil prices, Saudi Arabia ditched its pump-at-will policy and brought together the diverse group of OPEC nations to agree to production cuts late last year. Now the cartel’s de facto leader and largest producer is going the extra mile in reducing output, at least in January. The Saudis pledged […]

Can Other Oil Basins Ever Catch Up To The Permian’s Prosperity?

While many exploration and production (E&P) companies hustle to buy diminishing available acreage in the Permian Basin, other basins are lining up to the be next play that cashes in on $50-plus oil. Increasingly, the rig count bears out the possibilities. Although the Permian remains the leader in rig addition, others are showing signs of […]

Mining 24 Hours a Day with Robots

The local mining industry often justifies the tax breaks and incentives it receives on the basis it employs people in the mines (they usually claim to be a major employer but there seems to be little truth to that, employing around 1% of the workforce). MIT Technology Review notes that increasing automation of mine sites, […]

Peak Supermajors

Hey everybody, Last Sunday I put together a quick presentation on the most recent oil & gas production data for the “supermajors” (Shell, Total, BP, Chevron, ExxonMobil):   Introduction Today I would like to introduce my “Peak Supermajors” project. The goal of this project is to answer the question “when will we reach peak oil” […]

The Global Water Crisis

I just finished a wonderful recent book by Seth Siegel on the global water crisis. The book, Let There Be Water, should be a wake-up call for world leaders to take the water crisis more seriously. Let me summarize some of its most important findings. In recent years, 600 million people have begun experiencing water […]

Kunstler: “That War You Ordered….”

The gaslighting of the American public continues, with Gaslighter-in-Chief, The New York Times, whipping up a frenzy of Russia paranoia.* It reminds me of an old gambit in fly fishing called the “artificial hatch.” Trout like to gorge on mayfly nymphs as they rise out of a stream and shuck their nymphal shells to fly […]

Progressive Combatant in the Deep State’s Peak Oil War?

lewrockwell |  And for those naive enough to question this basic assessment of the state’s interests in Syria, ask yourself: if the US and its owned media clique slavishly calls Assad a butcher and promoted chaos in his country for purely humanitarian reasons, why aren’t they doing the same in countries like Equatorial Guinea, Rwanda, […]

Smart technology could deliver peak oil, coal and iron ore before 2035

New report suggests rapid advances in data analytics and artificial intelligence could dramatically reshape energy and industrial sectors and save global economy up to $1.6tr Rapid advances in smart technology could fundamentally reshape the global economy and spell an end to future growth in carbon intensive coal, oil, and iron ore consumption by 2035, according […]

Tidal Lagoon Energy in Wales

The report of an independent review of UK tidal lagoon energy was published on 12 January 2017 by a former UK energy Minister Charles Hendry. The report praises the proposed ‘pathfinder’ tidal lagoon in Swansea Bay as a ‘no-regrets option’, and sets out a supportive case for developing the sector. The Hendry Review was commissioned […]

Is The Bakken a Bust?

North Dakota has released December production data for the Bakken and for all North Dakota. They were a little shocking. Bakken production down 86,150 barrels per day 895,330 bpd. North Dakota production down 92,029 bpd to 942,455 bpd. It was noted that this the largest decline ever in North Dakota production. But it should not […]

Learning to Frack

Technological advances and learning-by-doing have made U.S. shale oil profitable even at $55/barrel. Just ten years ago shale oil was expensive. Global oil prices spiked to $135/barrel in 2008 but shale oil didn’t and couldn’t respond. Now, at only $55/barrel, U.S. oil producers are going all in, announcing billions of dollars of increased investment, particularly […]

A Bloodbath Looms Over Oil Markets

Oil prices have traded reliably in the $50s per barrel since OPEC agreed to cut production last November, but having failed to break through a ceiling in the upper-$50s, crude prices are in danger of falling back again. The oil market had wind in its sails on expectations of substantial drawdowns in inventories following the […]

How the Trump regime was manufactured by a war inside the Deep State

A systemic crisis in the global Deep System has driven the violent radicalization of a Deep State faction By Nafeez Ahmed President Donald Trump is not fighting a war on the establishment: he’s fighting a war to protect the establishment from itself, and the rest of us. At first glance, this isn’t obvious. Among his first actions […]

Is Fusion Energy in Our Future?

John Holdren has heard the old joke a million times: fusion energy is 30 years away—and always will be. Despite the broken promises, Holdren, who early in his career worked as a physicist on fusion power, believes passionately that fusion research has been worth the billions spent over the past few decades—and that the work […]

Peak Oil: Start With Reality

  [S]o we have this physical constraint that’s coming because of Peak Oil. There’s nothing we’re going to do about it. We can’t out-clever that. It’s just a constraint, it’s a limitation, there it is. We could manage it well or we can manage it poorly, but it’s there. We have a political system that’s […]

Big Oil’s Grip on California

On the morning of June 21, 2011, a worker named Robert David Taylor was walking through an oil field west of Taft, California, when he noticed a plume of steam coming from the darkened earth. Taylor, 54, was a Chevron supervisor who had spent three decades around Kern County’s Midway-Sunset field, the largest and most […]

U.S. Dependent on China for Rare Earth Minerals

An overlooked report has revealed the United States is completely reliant on imports from foreign countries, most heavily China, for rare earth minerals critical to our national security. The report, released by the United States Geological Survey, stated the United States is 100% dependent on foreign imports for at least 20 elements and minerals, including 17 […]

Re-evaluating Crude Oil Speculative Positioning

Over the past year it is amusing how quickly market sentiment has gone from “crude oil will never rise again” to “better buy oil because of, well, just put your reason in here… there are too many to list.” The always great Joe Weisenthal from Bloomberg News had a great tweet that summed up the […]

Civilization and Collapse

The transformation of risk & the predicament of risk management, by David Korowicz, 19 janvier 2017 – Institut Momentum We have entered a period where the risks we face as a species are becoming potentially far more extreme in their impacts, more probable in their likelihood, and potentially irreversible in their duration. These risks are […]

Saudi crown prince receives CIA honor for anti-terror efforts

Saudi Crown Prince Mohammed bin Naif, deputy premier and minister of interior, has been awarded a CIA honor in recognition of his efforts to fight terrorism. The crown prince was awarded the “George Tenet” medal by CIA Director Mike Pompeo, who arrived to Riyadh late Friday. It was granted in recognition of distinguished intelligence work […]

Thoughts on living with uncertainty

Switch on the TV news, follow Twitter or read a paper and it can feel like we are living in an era of high, perhaps unprecedented, uncertainty. We certainly seem, over time, to have become more aware of uncertainty. Since the 1940s references in English language books to uncertainty, volatility, complexity and ambiguity have soared. […]

Failing States, Collapsing Systems: Biophysical Triggers of Political Violence

While trying to get to the bottom of the underlying reasons for geopolitical events has always been enough of a challenge, an unfortunate side-effect of the explosion of information that the Internet has provided us with is the even further erosion of the signal-to-noise ratio. The mainstream media can pretty much be ignored altogether unless […]

Do You Hear That? It’s the Fat Lady, Singing: Nuclear Revival Ends Almost Before It Starts

Five years ago almost to the day (Feb. 9, 2012, actually), the Nuclear Regulatory Commission voted 4-1 to issue a construction and operating license to Southern Company for the 2,234 megawatt Vogtle 3&4 project—the first of the new generation of reactors that was touted as the beginning of the industry’s long climb back from 30 […]

Kunstler: Made For Each Other

Don’t be fooled by the idiotic exertions of the Red team and the Blue team. They’re just playing a game of “Capture the Flag” on the deck of the Titanic. The ship is the techno-industrial economy. It’s going down because it has taken on too much water (debt), and the bilge pump (the oil industry) […]

Wringing Oil From Your Beverages, Food, Stuff and Heat (How to Make Your Life Less Oily in 2017, Part III)

Part I: Taking Stock Part II: Squeezing Oil Out of Your Travel Part III: Wringing Oil from Your Beverages, Food, Stuff, and Heat Part IV: Helping Others Eschew Oil The American way of life is saturated with oil. Part I of this series had a nifty calculator to sum up your yearly oil use. If […]

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