Sargon and the Sea Peoples

“For hundreds of years, stories of marauding Sea Peoples were told to frightened children.“   Back in 4300 BCE, Sargon of Akkad found the grain farming good in the broad, flat alluvial valley between the Tigris and Euphrates Rivers. Being an accomplished bully and not fond of toiling in the heat of the sun himself, […]

How will Earth feed 9 billion people by 2050?

Over 795 million people in the world are hungry, and by 2050 there will be an additional 2 billion people to feed. Is the Earth able to provide enough food for our exploding population? What is the worst mistake that humans have ever made? According to an article by public intellectual Jared Diamond, humans decision […]

Saudi pledges ‘measurable’ oil supply boost as OPEC, Russia agree deal

OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a “measurable” supply boost but giving no specific numbers. FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen at OPEC’s headquarters in Vienna, Austria June 19, 2018. REUTERS/Leonhard Foeger/File Photo […]

Russia’s push to increase oil production came independently

Russia’s push to increase oil production came independently, the country’s oil minister said Saturday during the OPEC summit in Vienna, dismissing the suggestion that public pressure from the U.S. played a role in its decision. OPEC ministers announced a deal on Friday that will increase oil supplies from the producer group, which has been capping […]

Oil Executive: Industry Needs ‘Another Iraq Or North Sea’ To Meet Demand Growth

The global oil industry needs to find “another Iraq or North Sea every year” to plug the shortfall of oil supply as demand continues to grow, Majid Jafar, the chief executive of the UAE-based Crescent Petroleum, told CNBC on Thursday. According to the oil executive, the industry continues to see underinvestment as spending on exploration […]

Chris Martenson: The End Of Growth

More and more, I hear that folks are feeling frustrated and betrayed, combined with a sense of loss and despair. I feel this way, too. As I’ve written recently, I observe this is due more than anything else to a widespread demoralization society is suffering from. Certainly the statistics reflect this. Suicides in the US […]

Climate Alarm: Failed Prognostications

“If the current pace of the buildup of these gases continues, the effect is likely to be a warming of 3 to 9 degrees Fahrenheit [between now and] the year 2025 to 2050…. The rise in global temperature is predicted to … caus[e] sea levels to rise by one to four feet by the middle […]

What Will Follow The Age Of Oil?

U.S. natural gas production will increase by 10 percent this year alone and by as much as 60 percent by 2037, a new report from IHS Markit has forecast. The market research company is extremely upbeat about U.S. gas because of the shale gas revolution, seeing the country becoming a leading LNG exporter thanks to […]

Appalachian Natural Gas Prices Up Even As Production Jumps

According to the U.S. Energy Information Administration, natural gas prices at trading points around the Appalachia region have generally increased in the past three years relative to the benchmark Henry Hub in Louisiana, even as production in that area reached new highs. Natural gas production in the Appalachia region averaged 22 billion cubic feet per […]

Oil Ministers Back Raising Output Despite Iran’s Walk Out

OPEC meets in Vienna on Friday in a final effort to overcome Iranian opposition to a preliminary agreement to boost production by a theoretical 1 million barrels a day — although the actual increase would be smaller as several countries are unable to raise output. Following night of drama in Vienna on Thursday, the Joint […]

WTI vs. WTI vs. WTI

The degree to which the perception of quality of West Texas Intermediate crude oil influences price was on display Wednesday in the form of the following crude value indication given to S&P Global Platts: WTI Midland at Cushing, Oklahoma, is worth 90 cents/b more than WTI at Cushing. If that sounds confusing, it is, and […]

Eight insights based on December 2017 energy data

BP recently published energy data through December 31, 2017, in its Statistical Review of World Energy 2018. The following are a few points we observe, looking at the data: [1] The world is making limited progress toward moving away from fossil fuels. The two bands that top fossil fuels that are relatively easy to see are nuclear […]

China Drops Oil Purchases to Dodge Tariff

Chinese oil buyers will keep taking crude from the United States through September, but plan to reduce future purchases to avoid a likely import tariff amid a trade spat between the world’s two largest economies, multiple industry sources said. FILE PHOTO: The company logo of China’s Sinopec Corp is displayed at a news conference in […]

OPEC Agrees Modest Hike In Oil Supply After Iran Softens Stance

OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage. Two OPEC sources said the group agreed that OPEC and its allies led by Russia should increase […]

The Prince Who Would Remake the World

A few weeks ago, a woman — a prominent media consultant — and her two daughters were shopping at the upscale Kingdom Center mall here. Her daughters, both in their early 20s, had their heads covered on this shopping trip. Hers was not. At the approach of members of the Saudi religious police, whose official […]

Richard Heinberg: Electric Cars to the Rescue?

My wife Janet and I recently bought a used Nissan Leaf from a friend. We are now proud electric vehicle (EV) owners, and we love our plug-in, battery-powered car: some days we almost fight over who gets to drive it. If this essay were a consumer review, it would glow in the dark. The car […]

Why OPEC Isn’t Going To Give Up On High Oil Prices That Easily

With the most highly-anticipated OPEC meeting since November 2014 taking place Friday in Vienna, Macrovoices host Erik Townsend made this week’s podcast all about oil. He started his three-part interview series with Dr. Ellen Wald, the author of “Saudi Inc.”, a book about Aramco. During their discussion, Wald shares what she learned about the Kingdom […]

How $6 Trillion of Fossil Fuel Investments Got Dumped Thanks to Green Campaigners

It has become one of the fastest growing political campaigns in human history, surpassing similar battles against the tobacco industry and the fight against apartheid in South Africa. Its logic is simple: the only way to avoid climate change and dangerous levels of greenhouse gases in the atmosphere is for most fossil fuel reserves to […]

Pioneer Chairman Says Permian Faces Shut Ins on Pipe Shortage

The biggest U.S. shale region will have to shut wells within four months because there aren’t enough pipelines to get the oil to customers, the head of one of the industry’s largest producers said. The worsening bottleneck in the Permian region that straddles west Texas and New Mexico offers an unexpected fillip to OPEC and […]

What Happens If All The Oil Just Disappears?

Crude oil, or petroleum, is made of decaying organic matter which has been trapped underground, under intense heat and pressure, for millions of years. Oil is a nonrenewable resource; there’s only so much of it. You might have heard the term “peak oil” before. Most experts have predicted that peak oil will occur by 2020, […]

Peak Oil? What Peak Oil?

I assume this had something to do with the Bakken revolution. Under the Hubbert peak oil theory, this was not supposed to happen. The theory, of course, won’t die. In fact, I doubt wiki will even update the facts. The Hubbert peak theory says that for any given geographical area, from an individual oil-producing region […]

Oil producers face their ‘life or death’ question

Asked last month by a frustrated investor if, “hand on heart”, Royal Dutch Shell was more concerned about “the sustainability of the company or with the sustainability of the planet”, chief executive Ben van Beurden acknowledged that climate change will be “the defining challenge” facing the oil industry for years to come. He then went […]

Dharmendra Pradhan asks OPEC to price oil responsibly

India today voiced its concern over high international oil prices with oil producers cartel OPEC and nudged it to move to responsible pricing that balances interests of both producers and consumers. Oil Minister Dharmendra Pradhan conveyed India’s concerns when he met ambassadors of OPEC countries in India, an official statement said here. “The meeting comes […]

The Impossible Battle against Fake News: The Horse Manure Crisis in London

Illustration and initial text from a recent post on WUWT Sometimes, I have this horrible feeling that the battle against fake news and propaganda is just impossible to win. The latest example is an article appeared on the unnamable WUWT blog, which repeats the story that someone in 1894 “predicted” that 9 feet of horse […]

What’s Not on China’s Tariff List? US Gas

In punching back against U.S. tariffs, China included almost all energy-related commodities on a list of its retaliatory actions. The exception: liquefied natural gas. That’s not surprising, according to a report Monday by Wood Mackenzie Ltd., a U.K.-based research firm. After an aggressive coal-to-gas switching policy was put in place by China’s government last year […]

Kunstler: What It’s All About Coercion

It’s worth checking out the YouTube video of this year’s semi-annual Munk Debate held in Toronto this spring. The proposition at hand: Be it resolved, what you call political correctness, I call progress…. For the pro position: Michael Eric Dyson, sociology prof from Georgetown U, and New York Times columnist Michelle Goldberg; on the con […]

Why Goldman Sachs still sees oil peaking above $82 a barrel this summer

Goldman Sachs on Monday said it continues to expect Brent crude oil prices to peak above $82 a barrel this summer, even after assuming that the Organization of the Petroleum Exporting Countries will soon agree to lift production. “Oil prices have sold off over the past three weeks on concerns over higher OPEC production, weaker […]

Fusion machines: The second-hand market

Whatever their size, fusion devices are fine pieces of technology that are complex to design and expensive to build. As research progresses and experimental programs unfold, however, scientific institutions routinely feel the need for machines with additional capacities, up-to-date equipment or exotic features. When an upgrade is not possible the “old” device appears on an unofficial […]

Iran Says Three OPEC Members to Veto Saudi-Proposed Supply Boost

Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week. “Three OPEC founders are going to stop it,” Iran’s representative to the bloc Hossein Kazempour Ardebili said in comments to Bloomberg on […]

Solar Overtakes Gas, Wind as Source of New US Power

Despite tariffs that President Trump imposed on imported panels, the U.S. installed more solar energy than any other source of electricity in the first quarter. Developers installed 2.5 gigawatts of solar in the first quarter, up 13 percent from a year earlier, according to a report Tuesday from the Solar Energy Industries Association and GTM […]

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