The Peak Oil Estimate You Won’t Believe: A Tale Of Two Sigmoids

Over the years, I have often pondered what the world’s ultimate oil production might be before it peaks and inevitably declines. I can recall around 2005-2007 on the website The Oil Drum, that there was a raging debate about just how close the world was to peak oil. Some insisted that it was happening right […]

Plentiful supply can meet strong demand, but forecasts rarely certain, admits BP exec

Gone forever are the days when the world stressed over what would happen when humanity began running out of oil—a fear based on M. King Hubbert’s theory of peak oil—or the point in time at which the maximum rate of petroleum extraction occurred. The North American shale revolution proved that not only are there plenty […]

Roubini Says Syria Strike Has ‘Wag the Dog’ Element

Nouriel Roubini, chief economist at Roubini Global Economics, comes to us from the Ambrosetti Workshop in Cernobbio, Italy and discusses geopolitical ramifications of U.S. military strikes on Syria. He speaks with Tom Keene and Guy Johnson on “Bloomberg Surveillance.”

Saudi Arabia Vs. Russia: The Next Oil Price War

International oil markets could be heading towards a new war, as leading OPEC and non-OPEC producers are vying for increased stakes. The unexpected cooperation between OPEC and non-OPEC countries, instigated by the full support of Saudi Arabia (OPEC) and Russia (non-OPEC) has brought some stabilization to the crude markets for almost half a year. The […]

Kunstler: Bombs Away!

Close your eyes, click your heels three times, and tell me if you actually know what the fuck is happening in Syria. There’s an awful lot about the poison gas attack that doesn’t add up for the casual observer. It was only a week ago that the US enunciated a new policy that we would […]

Why ‘Peak Oil’ Or ‘Peak Gold’ Or ‘Peak Anything’ Is ‘Peak Nonsense’

Claims of “peak oil” and “peak this” and “peak that” have been around for a long time. Falling for them is one of the most common errors in the entire resource market. Betting on Substitution, Conservation, and Innovation is far more likely to pay off. I’m sure you’re familiar with this serious problem… The world […]

Why Oil Could Be At Risk From U.S. Airstrikes in Syria

At around 8:40 PM ET, U.S. warships launched 59 Tomahawk cruise missiles at a Shayrat airbase in Syria. This was the first U.S. military action against Bashar al-Assad‘s regime during a six-year civil war. This was in reaction to chemical attack on a rebel-held town in northwestern Syria on Tuesday that killed dozens. “Geopolitics is once […]

Trump Ends Funding For Population Control

The Department of State laid out why it no longer funds the United Nations’ family planning arm in a memo sent to the Senate Committee on Foreign Relation. The department said U.S. government money will not be given to the United Nations Population Fund (UNPF) and any other organization that “supports or participates in the […]

The Great Compromise In Crude Oil

Summary OPEC production declines. U.S. energy independence is for real. Producers satisfied with $50. Consumers satisfied with $50. A sweet spot for compromise. Henry Clay was the prominent figure in American history. Aside from running for president unsuccessfully five times, he was a representative and senator from the State of Kentucky and served as the […]

How World War I created our dependence on oil

On July 7, 1919, a group of U.S. military members dedicated Zero Milestone – the point from which all road distances in the country would be measured – just south of the White House lawn in Washington, D.C. The next morning, they helped to define the future of the nation. Instead of an exploratory rocket […]

Venezuela’s Oil-Based Economic Woes

In today’s “QuickTake,” Bloomberg’s Vonnie Quinn takes a look at economic and political issues in Venezuela. She speaks on “Bloomberg Markets.” (Source: Bloomberg)

China Becomes Biggest US Oil Buyer

China’s imports of crude oil from the U.S. quadrupled in February vaulting the nation past Canada to the top of the list of American Oil Customers. Bloomberg’s Stephen Engle reports on “Bloomberg Markets.”

Peak Oil, a tabletop game about Crisis and Profit

Drill and ship oil, buy hi-tech start-ups and meddle with the media to lead your crumbling oil giant into a future without oil.  Welcome to the near future. Welcome to Peak Oil: A game about Crisis and Profit. You are the top manager at one of the big oil companies, tasked with leading your enterprise […]

Know Your Enemy

Sometimes the biggest enemies to our movements live amongst us and call themselves our allies. In this extract for Trouble #1, we explore the damaging effects that environmental NGO’s and Tribal Governments have had on indigenous resistance in Turtle Island.

Why Are We Waiting (for Peak Oil)?

Remember those long holiday road trips where the question endlessly repeated was “are we there yet”? Well, for many in the peak oil community, waiting for it to arrive has evoked a similar feeling, as the predictions of some academics, commentators, and bloggers have failed to materialize punctually. So, it’s worth revisiting some thoughtful papers […]

Our Cataclysmic Planet

How mass extinctions inform our understanding of human-caused climate change If you could have been there, somewhere in Siberia at the end of the Paleozoic Era nearly 252 million years ago, you would have witnessed an apocalyptic horror that rarely visits our planet.Also, I mean, you would have been doomed. Almost certainly. It was a […]

Researchers Develop Graphene Sieve To Turn Seawater Into Drinking Water

A U.K.-based team of researchers has created something that could help millions of people around the world with no ready access to clean drinking water. The researchers have created a graphene-based sieve capable of eliminating salt from seawater, making it suitable for drinking. ataribravo99 / Pixabay Graphene used to filter salt out of seawater Graphene […]

Britain Offers to Help to Wean Saudi Economy Off Oil Dependency

U.K. Prime Minister Theresa May plans to help Saudi Arabia lower its dependency on oil exports and increase the participation of women in the workforce as the Gulf kingdom seeks to modernize its economy. Britain will help reform the Saudi Ministry of Defense, and foreign and trade ministers from both nations will hold six-monthly meetings […]

Thousands of defects found on oil train routes following government inspections

Government inspections of railroads that haul volatile crude oil across the United States have uncovered almost 24,000 safety defects, including problems similar to those blamed in derailments that triggered massive fires or oil spills in Oregon, Virginia, Montana and elsewhere, according to data obtained by The Associated Press. The safety defects were discovered during targeted […]

Chomsky Repeats Assertion That Trump Could Stage Terror Attack

Liberal activist Noam Chomsky has doubled down on comments he made last month, saying he believes that President Trump may stage a terrorist attack in order to distract from unfulfilled promises and to bolster support. Chomsky made the comments on Democracy Now, when asked to clarify his previous assertion that Trump may concoct a false flag attack and […]

Where Do Oil, Gas Professionals Want to Work?

North America, the Middle East and Europe are the top three regions where oil and gas professionals would like to work, according to the first Global Energy Talent Index (GETI). The survey revealed that 22 percent of voters said North America was their top location, compared to 22 percent for the Middle East and 21 […]

$60 oil seen as likely for foreseeable future

Jamaica can expect oil prices to trend towards US$60 a barrel and remain there for the foreseeable future, according to Fadel Gheit, managing director at Oppenheimer & Company Inc. Gheit said that the growth in US shale oil production and record production by the members of OPEC, led by Saudi Arabia, has significantly reduced the […]

When Will Russia Run Out Of Oil?

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2 percent of global proved reserves. Globally, exploratory drilling fell by almost 20 percent in 2015 and fell […]

The Secret History of Wall Street’s Largest Oil Trade

The men huddled in the same first-floor conference room as always, only this time they’d decided to make their annual oil bet bigger and bolder than ever before. Fewer than a dozen representatives from three Mexican government ministries and Petróleos Mexicanos, the state energy company, were about to make a wildly contrarian play. If it paid […]

A Heightened Sense Of Vulnerability

The gap between the happy-story fantasies of easy fixes to institutionalized corruption and systemic stagnation and the fraying-rope reality is widening, straining the bonds holding the whole contraption together to the breaking point. Am I the only one sensing an increase in systemic vulnerability? I’m not talking about TEOTWAWKI (the end of the world as […]

The End Of OPEC Is Near

OPEC, which has far exceeded the average life of cartels, is on the brink of failure. Though cracks have been developing in the cartel since the start of the current oil crisis, the group has managed to stay together so far. Nevertheless, the success of the current OPEC deal for production cuts will decide its […]

World’s Largest Fusion Reactor at Risk Due to Brexit

The Joint European Torus (JET) is a vital segment of international research into nuclear fusion that hopes to, one day, fuel homes and cities with energy free of greenhouse gases and waste – however, Brexit has thrown the future of the project into doubt. The 34-year-old JET, which sits in the Culham Centre for Fusion Energy, is an EU […]

Peak Oil? For Mexico, Yes — April 3, 3017

Three comments regarding the linked article sent to me by a reader (thank you, very much): my understanding is that reserves are related to the price of oil; one wonders whether that is true with regard to this article; this is not a new story; a quick google search reveals that this has been an […]

This turbine can harvest green energy in water currents as slow as 2 mph

A Canadian company has designed a water turbine which can harvest energy in slow moving water. “Waterotor” can work in currents as slow as 2 mph which means it could be used in almost any river, canal, or ocean current. The company believe that “Waterotor” could be the solution for many of the world’s 1.3 billion […]

Wind Energy War On The High Plains

In this exclusive report, Infowars reporter Millie Weaver exposes the explicit fraud, deception and outright criminality behind wind energy and how it may be used to run rural communities off their properties as part of a major land grab effort in concert with Agenda 21. Millie Weaver starts off asking people who live and work […]

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