Energy Mixes Shift But Fossils Remain King

By Evan Lund The world’s most valuable company is not Apple, Google, or Amazon. It’s an oil company, and it’s about to go public. Saudi Aramco, the Saudi Arabian state energy goliath, is preparing for an initial public offering in 2018. Depending on who you ask, its valuation will be somewhere between $250 billion and […]

Iraqi provincial elections postponed until 2018

Iraq’s most powerful political parties have agreed to delay provincial elections and hold them along with national parliamentary elections next spring. The government has not officially announced the postponement of the provincial vote, which it had planned to hold on Sept. 16. But more than a dozen politicians – including members of Parliament and various […]

Tesla’s first mass-market electric

Tesla will complete production of its very first Model 3 vehicle today. It won’t be the only mass-market, all-electric, 200-mile sedan on the market — GM grabbed first-mover status in December, when it began selling its 238-mile Chevy Bolt. But the Model 3 will nonetheless be singular: Not only will the car be sleek and […]

Over 1,000 cops attack anti-capitalist march

Police brutally attacked the #WelcomeToHell anti-capitalist march during the #NoG20 meetings in #Hamburg

Lightyear One solar car charges itself and will have a 500-mile range

A Dutch startup is planning to bring a completely solar-powered electric car to market, which could theoretically let some drivers go for months without plugging it in. The ne plus ultra of electric cars might be in the works, thanks to a team of alumni from Solar Team Eindhoven, which has been developing prototypes of […]

A North Korean EMP Attack: The Dark Possibility

As the tension between North Korea and the US continues to grow, the possibility of war is rapidly evolving into a probability. Now some military experts worry that an attack via EMP (electromagnetic pulse) on the US mainland might be a feasible option for Pyongyang. The signs are certainly there: Having recently completed the ninth […]

The Fracking Industry Deserves Our Gratitude

It has given America virtual energy independence, freeing it from the leverage of often hostile Middle East regimes. Less than ten years ago, America’s energy future looked bleak. World oil prices in 2008 had spiked to more than $100 per barrel of crude. “Peak oil” — the theory that the world had already extracted more […]

Fossil Fuel Empire: A World of Vulnerability

“It’s all about the oil,” many commentators said about the US assault on Iraq in 2003. Attributing a war to a single cause is almost always an oversimplification, but protecting access to the 20th century’s most important energy source has been a priority of US foreign policy since World War II. In part one of […]

The Global Oil Demand Driver That Is Being Ignored

When looking at oil demand, oil market analysts focus overwhelmingly on passenger vehicles. One of the hottest debates today is over the prospect of peak oil demand: whether or not electric vehicles along with general trends towards more fuel efficiency will ultimately lead to a peak and decline of total oil demand worldwide. No doubt […]

The surprising New Energy side of Shell

“With Shell Technology Ventures we position ourselves strategically in many places, so that we can experience first-hand where the energy ecosystem is going, and create options for the future”.  An interview with Geert van de Wouw, Managing Director of Shell’s venture capital unit, part of the company’s New Energies division, shows the fascinating new side […]

The “Seneca Cliff”, how the concept evolved

  An image taken at a recent meeting in Barcelona. You can see the evolution of the concept of “collapse”, from Malthus to Forrester. The latter can be seen as the true originator of the concept that I call the “Seneca Cliff” or the “Seneca Effect”  Malthus (1766 – 1834) is supposed to be the […]

Does natural gas have any role in Qatar crisis?

It has been almost a month, since Qatar was diplomatically, militarily blockaded by prominent Gulf countries like Saudi Arabia, United Arab Emirates, Bahrain, and Egypt. These countries presented Qatar via Kuwait a 13-point demands list, which demanded Qatar’s compliance to the demands by last Sunday. As Qatar didn’t give in to those demands, instead of […]

American production struggling to tolerate below $50 price

The Oil production in America seems to be having a ‘Deja-vu’. Back in 2015, despite a drop in the price of oil, the production in the United States was rising and it wasn’t until the very end of June that year the production started declining. The oil price dipped below $50 per barrel for the […]

Is Saudi Arabia Depending Too Much On The Ghawar Field?

  About the only joy Fossil Fuelers have been getting lately is the sweet satisfaction that the ‘Peak Oil’ crowd got it wrong. What the Fossil Fuelers may need to start chewing on is that peak oil, which is merely a description of an inevitability for a limited resource (you heard it here last – […]

The End of Growth in the Tar Sands. So Now What?

A managed decline of the tar sands isn’t a popular idea in Alberta, or in Canada for that matter. The idea of sunsetting the tar sands industry is about as polarizing as it gets. The problem is that people have been led to believe that a managed decline undercuts a booming oil industry that is […]

When scarcity strikes

Water is a basic necessity of life. Since access to water has been recognised as a human right, the obligation to provide clean and safe drinking water across the globe has fallen on various government agencies. However, over one billion people across the globe do not have access to basic water supplies. Nearly half of […]

Fossil Fuels Are Becoming Stranded Assets

Summary We’re seeing big price declines in fossil fuels. Technology is the hero — or culprit, depending on your point of view. EVs will be the death knell for oil. The move away from fossil fuels: Is it just in time? Here are three clean energy stocks to consider. In January, Exxon Mobil (XOM) wrote […]

The Atlas for the end of the world

Richard Weller has written “an atlas for the beginning of the anthropocene” – Atlas for the end of the world. Coming almost 450 years after the world’s first Atlas, this Atlas for the End of the World audits the status of land use and urbanization in the most critically endangered bioregions on Earth. It does […]

Nuclear War Is Inevitable Unless Cooler Heads Prevail

As the Syrian and Russian governments accuse the United States of trying to invent reasons to launch an attack in the Middle East, an international group of former military and diplomatic leaders is warning of an “unacceptably high” risk of global nuclear war if cooler heads don’t prevail. In an 11-page report from the Nuclear Crisis Group (NCG) — a subcommittee of Global Zero, […]

Americans celebrate July 4 with leisure and gluttony

Americans will celebrate Independence Day on Tuesday with fireworks, acts of gluttony and escapes to the beach, even for people in New Jersey where legislators brokered a last-minute deal to reopen state parks. In keeping with tradition, cities across the country will launch fireworks after dark, perhaps the most emblematic way to commemorate July 4, […]

Brace for a devastating oil shock ahead

If Independence Day were about feting the U.S. weaning itself from foreign oil and forging a renewables future, the man behind our call of the day probably wouldn’t be sounding the alarm on a potentially devastating crisis by the end of the decade. But it’s not. And we aren’t. And he is. Yes, according to […]

An Oil Giant Bets Big on Iran

Total SA CEO Patrick Pouyanne isn’t a prolific Twitter user. While he follows the account of French president Emmanuel Macron, Donald Trump doesn’t make the cut. Yet when Pouyanne inks a multi-billion dollar deal in Tehran today to help Iran develop the world’s largest natural gas field, you can bet his staff will be keeping an […]

Kunstler: Lighten Up to Tighten Up

Perhaps the presidency has been an overly solemn office since, oh, the days of Millard Fillmore, the dreary weight of all that mortal responsibility — slavery, war, more war, depression, yet more war, nukes, we shall overcome, terror, Lehman Brothers, Ferguson, Russia here, there, and everywhere…uccchhh…. And so, at last: a little comic relief. I […]

The Next Financial Crisis Is Not Far Away

Recently, a Spanish group called “Ecologist in Action” asked me to give them a presentation on what kind of financial crisis we should expect. They wanted to know when it would be and how it would take place. The answer I had for the group is that we should expect financial collapse quite soon–perhaps as […]

Persian Gulf upheaval brings oil market jitters

The past month has been a tumultuous time for the Persian Gulf region, one bound to send shock waves through global markets, not least the international oil market. While it is still far too early to detect a building tidal wave, that cannot be entirely ruled out. The confluence of potentially ground-changing events taking place […]

Central America hit by massive power outages

A huge power outage plunged millions of people across Central America into darkness Saturday, as authorities from Panama to Costa Rica to El Salvador scrambled to restore electrical service. The blackout affected some five million people in Costa Rica alone, where officials largely had managed to restore service after a nationwide power outage lasting about […]

Are We Headed for a Solar Waste Crisis?

Last November, Japan’s Environment Ministry issued a stark warning: the amount of solar panel waste Japan produces every year will rise from 10,000 to 800,000 tons by 2040, and the nation has no plan for safely disposing of it. Neither does California, a world leader in deploying solar panels. Only Europe requires solar panel makers to collect […]

Pemex Declares Force Majeure On Maya Crude From Pacific Coast

Mexico’s oil company Pemex has declared force majeure on at least two cargoes of Maya crude to be loaded at its Salina Cruz terminal on the Pacific Coast, after a fire affected its largest refinery earlier this month, three sources told Reuters. The 330,000-barrel-per-day Salina Cruz refinery has been inactive since mid June, when a […]

The Song of ‘Fire Ice’: China Claims Revolution in Energy Extraction

As China celebrates its success in extracting natural gas from ‘fire ice’, it’s still unclear whether Beijing has made a significant technological achievement and revolutionized the energy industry. © AFP 2017/ KAZUHIRO NOGI Seeking Energy Security, China, Japan Race to Tap ‘Fire Ice’ Earlier China proudly announced that the country for the first time managed to successfully […]

13 Year Old Channels Nikola Tesla, Creates Free Energy

Can a teenager teach the world how to run on free energy? Max Loughan is not your typical 13 year old. The Nevada native isn’t making yet another volcano for his middle school science fair. Instead, he has turned the boiler room in his parents’ home into a laboratory, where he invents things. Max’s latest […]

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