Falih Says Peak Oil Demand Talk Misguided

Assumptions about stranded oil seen as discouraging investment IEA chief says growth may be slowing, but agrees no peak near Saudi Arabia’s top oil official dismissed the notion that global demand may soon peak and leave billions of barrels of untapped crude stranded in fields that will never be drilled. Khalid Al-Falih, energy minister for […]

IEA: Huge Oil Price Spike Inevitable

Three years of drastic cuts to upstream spending because of the meltdown in oil prices could result in a shortage of oil supply in a few years, according to a new report from the International Energy Agency. When oil prices collapsed in 2014, oil producers quickly took an ax to their spending. Global oil and […]

Oil Tanks To $51 Handle – One-Month Lows

It seems ever-exuberant energy traders are finally waking up to the reality that the global rebalance is not happening. A record glut of crude and surging production has sent WTI back to a $51 handle this morning (one-month lows) and has weighed on gasoline prices… WTI has broken below its 100-day moving average as the […]

What the Saudi Aramco sale says about the state of the oil industry

As the oil and gas industry gathers in Houston for CERAWeek, a major annual event, geopolitical drivers to oil prices will be a focus. U.S. shale producers will be particularly attuned to backroom discussions about how Saudi Arabia and Russia are viewing new indications of restored momentum in drilling in the U.S. tight oil patch. […]

Food demand predictions could be inaccurate

The widely held view that food production needs to double by 2050 to feed a growing world population may be inaccurate. In a study published in the journal Bioscience, researchers from Penn State’s agriculture college have challenged that view, saying the required increase may be as high as 70 per cent — or as low […]

Thermodynamic model of oil depletion sparks controversy

This is a post by François-Xavier Chevallerau, a Brussels-based public policy professional who is in the process of setting up a new international think tank to support the emergence and promotion of biophysical economics in the public debate and the policy conversation. Here, he comments on the “Hill’s Report” that was also discussed in a […]

IEA warns of potential shortage of global oil supplies in 3 years

The recent drop in oil industry investment brought on by weak prices threatens to significantly slow supply growth in the long term, and could lead to a shortage when it comes to meeting global demand, the International Energy Agency said in its five-year oil market forecast released Monday. That may happen even as crude stockpiles […]

Tapping into Ocean Power

The oceans of the world are a vast unexploited source of clean, reliable and predictable renewable energy. Could this energy help replace fossil fuels and be a solution to climate change? Humans have been trying to harness ocean energy for centuries, beginning with a French engineer named Pierre-Simon Girard in 1799. The constant pounding of […]

Trump To Undo Fuel Efficiency Standards

The Trump administration is set to undo one of former President Obama’s signature achievements. On Tuesday, the EPA and the Transportation Department are expected to jointly announce the rollback of fuel efficiency requirements for the nation’s auto fleet, a move that will not require the approval of Congress. In the wake of the financial crisis […]

Did This Geologist Just Pinpoint This Decade’s Biggest Natural Gas Discovery?

Nearly a decade ago, I got interested in finding oil and gas fields from space. That odd-sounding strategy came to me while I was living in Canada’s petro-center, Calgary. And met a group of explorationists working with PhD experts in satellite imaging.   Skitterphoto / Pixabay I was fascinated when this team explained how they […]

The Most Dangerous Bill You’ve Never Heard Of Just Passed The House

Last, week, under the cover of a media bliss-out except among Koch funded right-wing channels, the House of Representatives passed a bill which would effectively repeal future standard setting under every important environmental, public health, consumer protection, labor standards, occupational safety and civil rights law on the books. The bill, called the REINS Act, requires […]

37 MILLION BEES FOUND DEAD In Ontario, Canada After Large GMO Corn Field Planted

Local Ontario farmer, Nathan Carey, reported that this spring there were not enough bees on his farm. He believes, as do many others, that there is a strong correlation between the disappearance of bees and the use of insecticides. For the last seven consecutive years, honeybees have been in decline, something scientists have coined, “colony collapse […]

Climate Ecoforestry

“Want to leap the social barrier to cool living? Behold: a stargate.” In 2008 we asked Frank Michael a tough question. Frank is a physicist, formerly with the Ames Research Center group that created the first Flying Solar Laboratory to study the sun and its “weather” and prevent astronauts from being fried by solar storms. […]

Kunstler: Great Expectations (Not)

Halloween’s coming super-early this year and it will be a shocking surprise to those currently busy looking for Russians behind every potted plant in Washington DC. First, accept the premise that your country has lost its mind. This is what happens when societies (and individuals) can’t face the true quandaries of a particular moment in […]

Syrian Army storms Jazal oil field near Palmyra

After weeks of demining activities in the largely uninhabited desert of eastern Homs, the Syrian Arab Army (SAA) finally stormed the ISIS-held Jazal Oil Field northwest of Palmyra. Following the second liberation of Palmyra, the SAA shifted its attention to this oil-rich site on Sunday evening and captured all hills south of the Jazal Oil […]

The Robots Sent Into Fukushima Just Keep Dying

The robots sent in to investigate the nuclear fallout at Fukushima just aren’t good enough. Tokyo Electric Power Company’s (TEPCO) head of decommissioning admitted on Thursday that more creativity was needed in developing its robots sent to the reactive zone. The Fukushima nuclear power plant was massively damaged in 2011, when three of the six […]

Pope Francis ‘urges parents to have fewer children to stop over-population of the world’

The Pope wants couples to have fewer children in order to lessen the environmental damage being done to the planet, a Vatican panel has been told. Environmentalist Peter Raven made the comment at a workshop on biodiversity, which discussed Catholic Church attitudes toward environmental issues. Pope Francis has previously said avoiding pregnancy is not an […]

Water Crisis Looming – Surviving the 21st Century

“Surviving the 21st Century” is a powerful new book exploring the main risks facing humanity: ecological collapse, resource depletion, weapons of mass destruction, climate change, global poisoning, food crises, population and urban overexpansion, pandemic disease, dangerous new technologies and self-delusion – and what can and should be done to limit them. The world faces an […]

Libya’s Biggest Oil Port Shut, Crude Output Cut on Clashes

Libya halted exports from its two of biggest oil ports and reduced production from some fields after clashes threatened to reverse the North African country’s progress in reviving crude output and sales. Shipments from Es Sider, the country’s largest oil port, and Ras Lanuf, its third-biggest, have been suspended until the security situation improves and workers […]

Oil Glut: IT’S THE DEMAND, STUPID!

Discuss this article at the Energy Table inside the Diner I ran across a chart on Bloomberg which is perhaps the best demonstration to date that the Oil Economy is in Full On Collapse mode now.  The chart is of Oil Inventory in storage, and covers the last 35 years since 1982 of Oil Inventory […]

Peak oil? Not any time soon

We’ve heard for decades that there is a phenomenon known as peak oil. The Green taliban all want us to change our ways because apparently oil is going to run out soon. That argument wasn’t really gaining traction so along came climate change to scare us into using alternative fuel sources. However, peak oil is […]

Deep State – OilEmpire.US

www.peakchoice.org/audio/robinowitz-deep-state-20170120.mp3 15 minutes the full show (an hour) is at the link below, my interview starts 45 minutes into the show www.globalresearch.ca/trump-and-the-deep-state/5570159 Trump and the Deep State Global Research News Hour Episode 167 By Michael Welch, Prof Michel Chossudovsky, Mark Robinowitz, and Jack Rasmus Global Research, January 22, 2017 Region: Asia, USA Theme: GLOBAL RESEARCH NEWS HOUR, US NATO War Agenda In-depth Report: U.S. […]

Rethinking economic progress, and how far we have yet to go

Today, the world’s population is, on average, about 20 times richer than it was during the long Agrarian Age. Between 7000 BC and 1500 BC, resources were scarce, technological progress was slow, and Malthusian pressures kept almost all human populations at a near-subsistence level, with per capita daily income of less than $1.50 in today’s […]

Dirty Secret Behind Wind Turbines, They Need Lots Of Oil

Offshore wind turbines may generate green energy, but they use a lot more oil than proponents like to admit. Just installing the foundation of a single offshore turbine can consume 18,857 barrels of marine fuel during construction, according to calculations published by Forbes Wednesday. Offshore wind farms often have over 100 wind turbines, meaning that building them […]

Electric Car Threat To Oil Is Wildly Overstated

Summary At the outset of the 2014 oil collapse, slacking oil demand growth was often cited as a major contributor to the sharp decline in oil prices. The global economy, reshaped by the information technology revolution, has generally become less fuel intensive. One of the most powerful arguments against sustained oil demand growth is the […]

Charlie Hall on ERoEI

Charlie Hall on ERoEI

Should Israel Fear The Peak Oil Crisis?

Conventional wisdom suggests that the world economy is in a slow but steady recovery from the 2008 financial crisis. Some economists, however, including Nafeez Ahmed, author of several books including “A User’s Guide to the Crisis of Civilization: And How to Save It,” are sounding the alarm about a looming global redux of that crisis […]

Doomsday Scenario: A World Without Oil

Suppose the rapture happened. Not the kind followed by the Second Coming of Jesus as promised by Paul, but a rapture of oil. Imagine that one night, just after the last parents finish tucking in their toddler after falling into a post-ice cream coma, that … poof! All of the world’s oil in untapped reserves […]

Have we reached ‘peak stuff’?

A disapproval of excess and excessive behaviour has been around since classical times. The ancients knew that too much of anything wasn’t good for us. You cannot live your life with the dial permanently turned up to eleven. The Greek goddess Sophrosyne embodied the spirit of moderation, temperance and restraint, and those who ignored her […]

Are Oil Prices Really Driven By Supply And Demand?

For most people the reflexive answer to the title question is yes. Consider, however, that over various time spans since 1980, the price of oil has dropped 75, 76, 78, and 75 percent, and risen 320, 265, 370, 196, and 254 percent (The Socionomic Theory of Finance, Robert Prechter, page 458). Prices for most goods […]

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