How much raw material goes into the foods you eat and products you use on an everyday basis

Each iPhone contains 31 grams of aluminum. istock; Jenny Cheng/Business Insider You’d be surprised by how much raw material goes into the everyday items you use. For example, take your coffee habit. The average cup of coffee requires about 100 beans. So if you drink one cup per day, you’d need at least nine coffee […]

China delivers first batch of crucial parts to int’l fusion power project

China has completed the first batch of magnet supports, a key component for the International Thermonuclear Experimental Reactor project, or ITER. On Saturday, these devices made their debut in the city of Zunyi in southwest China’s Guizhou Province. “Magnets are necessary for the project. We need strong support working in a severe environment with a very strong […]

How Big Oil Conquered the World

TRANSCRIPT AND SOURCES: https://www.corbettreport.com/?p=16888 From farm to pharmaceutical, diesel truck to dinner plate, pipeline to plastic product, it is impossible to think of an area of our modern-day lives that is not affected by the oil industry. The story of oil is the story of the modern world. And this is the story of those […]

The gift and the curse of China’s energy demand

Last year, China became the world’s largest and second-largest importer of crude oil and liquefied natural gas (LNG), underscoring that the driver of global growth and energy demand has moved from west to east. While energy consumption in the U.S. and Europe has never recovered to the levels seen before the global financial crisis, China’s […]

Facing The (Horrible) Future

I’d like to tell you a short story based on a movie that has had a profound impact on me. I’ll get to the story in a moment, but first, a little background on the movie… It’s called Griefwalker (by Tim Wilson) and it focuses on the life and wisdom of Stephen Jenkinson, a theologian and philosopher […]

The Resource Curse of Appalachia

Jason Clark has lived near Amity, Pa., in the southwestern part of the state, since he was born. He likes to call urban Americans “hypocrites.” At 38, he’s the president of the Pork Association in Washington County, which sits at the edge of Appalachia. City dwellers are consumers, as he sees it; they gobble up […]

Equinor Sees Peak Oil Demand Around 2030

Peak oil demand could come around 2030 at 111 million bpd in the current market as road transport electrification and efficiency gains in all sectors offsets increasing petrochemical and aviation growth, Norway’s Equinor said in its Energy Perspectives report on Thursday. That assumption is one of Equinor’s scenarios for energy transition, Reform, which suggests that […]

Cutting out the US dollar: Russia & China boost national currencies trade

Moscow and Beijing have agreed to raise the share of ruble-yuan trade settlements, in a joint agreement signed by Russian President Vladimir Putin and Chinese leader Xi Jinping on Friday. The document envisages “further strengthening of the Russian-Chinese cooperation in the financial sector, promoting increase of the share of national currencies in trade payments, investments […]

Canada pushes Trans Mountain pipeline to sell oil to China

As it battles over trade with its big southern neighbor, Canada is looking westward for new markets for its oil. In the thick of a bitter trade dispute with the United States, the only customer for its crude oil, the Canadian government has opted to buy a pipeline project that will more than double the […]

It’s The Demand, Stupid! Is China About To Burst The Black Gold Bubble?

For months we have heard about how the oil market’s over-supply ‘glut’ has been removed thanks to OPEC/NOPEC’s production cut deal and the narrative of ‘global synchronous recovery’ has buoyed the demand side of the equation – sending crude prices to four year highs (helped considerably by an increasing geopolitical risk premium, that is now […]

Venezuela Struggles With Huge Oil Export Backlog

Venezuela is nearly a month behind delivering crude to customers from its main oil export terminals, according to shipping data, as chronic delays and production declines could breach state-run PDVSA’s supply contracts if they are not cleared soon. The oil company in recent days has raised the prospect that deliveries could be interrupted to some […]

Europe is still addicted to Russian gas

Try as it might, Europe just can’t dump Russia. President Vladimir Putin was given a warm welcome in Vienna on Tuesday, the 50th anniversary of Austria becoming the first western country to import Soviet gas during the Cold War. It’s a rare visit: The European Union imposed sanctions on Russia over Moscow’s actions in Ukraine […]

Kunstler: The Summer of Discontent

The ill-feeling among leaders of the G-7 nations — essentially, the West plus Japan — was mirrored early this morning in the puking financial market futures, so odious, apparently, is the presence of America’s Golden Golem of Greatness at the Quebec meet-up of First World poobahs. It’s hard to blame them. The GGG refuses to […]

Oil Shock!

Is the economy in for a jolting “oil shock”? Today we wander out to the tail end of the bell curve… look around for black swans… and raise scandalous questions. “Judging by internet searches for the term,” says Bloomberg commodities analyst David Fickling, “an oil shock is the last thing anyone should be worried about.” […]

Increase in electric vehicles isn’t the end of the road for oil

In 2016 electric vehicles represented about 1pc of global vehicle sales. However, by 2030 demand for such vehicles could rise to almost 20pc of annual global sales, according to a report from consulting firm McKinsey. In addition, recent surveys from driving-tests.org suggest that 30pc of car-buying individuals and nearly 50pc of millennials around the world […]

Exponential Growth Towards a Sustainable Future: the Limits of Solar Panel and Wind Turbine Production

Solarplant near Rüdersdorf, Germany 2014, © Molgreen, CC BY-SA 4.0 (Reblogged from blog.wozukunft.de) Many people, including myself, fear that the great acceleration (1, 2) of our consumption and destruction of resources such as land, biodiversity, soil, minerals, and fossil energy sources, could lead us into a catastrophe. Other people point out the positive side of […]

The Permian Has A Natural Gas Problem

Analysts continue to focus on the surging oil production in the Permian and looming takeaway capacity bottlenecks that could slow down the oil growth in the biggest U.S. shale play. But constraints have also emerged in natural gas takeaway infrastructure, with pipelines nearly full and natural gas prices in West Texas diving on oversupply. Pipelines […]

High-speed rail: Now it’s America’s turn

Andy Kunz, President and CEO of the US High Speed Rail Association (USHSR), shares the top 10 reasons for bringing high-speed rail to America. AMERICA stands at one of the most important crossroads in history. Climate change and peak oil are both coming into focus with the uncomfortable awareness that America is the world’s largest […]

How long before the world runs out of fossil fuels?

Fossil fuels are the main source of energy in the world, powering much of modern civilization as we know it, from transportation to industrial applications. But this paradigm can’t last forever. Millions of years to make, only hundreds of years to spend Fossil fuels have formed over an extensive period of time from the remains […]

OPEC meeting ‘might be one of the worst since 2011’ amid differences over supply

The forthcoming meeting between OPEC and non-OPEC oil producers, including Russia, could be one of the most fractious in recent years with competing interests and demands at play, according to oil market experts. OPEC’s production policy will dominate the agenda when the world’s major oil producers meet in Vienna on June 22, with arguments expected […]

Royal Dutch Shell Surpasses Exxon As Top Dog

Royal Dutch Shell took the top spot among oil and gas companies on the Forbes Global 2000’s list of the biggest and most powerful public companies, surpassing last year’s leader Exxon Mobil Corp. The Anglo-Dutch oil and gas giant ranked 11th among all companies on the list, up from 20th the previous year, mostly because of higher sales […]

Oil demand could keep growing until 2050 in conflict-ridden world

Global oil demand could peak in the early 2020s if countries pull together to hit climate goals, or keep growing until 2050 in a conflict-ridden world, according to Norwegian oil and gas firm Equinor <EQNR.OL>. Expectations for when oil demand will peak could change the supply dynamics, as investors weigh up whether to back long-term […]

Global Civilisation to Descend into ‘Hell on Earth’ Unless we Choose a New Paradigm

Late last year, Dr. Jeremy Leggett — solar energy entrepreneur, former oil man and government advisor — gave an eye-opening talk where he for the first time laid out his vision for two possible futures facing human civilisation. <span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> Resurgence Talks: Jeremy Leggett – The Solar Civilisation, Renaissance, and the New […]

USA And World Oil Production

All data below is from various sources. All US data is from the EIA. Unless otherwise noted is in thousand barrels per day. US C+C production through April 2018. For the last 8 months, the average increase in US production has been 168,000 bpd. Most of this has come from the Permian. This chart is […]

ExxonMobil and Chevron accused over tax secrecy

A refusal by US oil companies including ExxonMobil and Chevron to disclose their US tax payments is undermining the international effort to fight corruption in natural resources industries worldwide, according to transparency campaign groups. The chairman of the Extractive Industries Transparency Initiative, whose participants include 51 governments and most major western companies, said it was […]

India’s Oil Minister: Petrol, diesel will not be allowed to go out of reach of common man

Oil Minister Dharmendra Pradhan today vowed to not allow petrol and diesel prices go out of reach of the common man, saying the government is working on a holistic solution to price volatility without going back on reforms. Blaming geopolitics of oil, exchange rate fluctuations and local taxes for petrol and diesel prices touching a […]

Trump Asked Saudi Arabia To Boost Oil Production By 1 Million Barrels Per Day

It all started on April 20, when having tweeted at and about virtually everything else, President Trump realized that surging oil and gasoline prices are wreaking havoc on his economic agenda and eating away at the benefits from his tax cuts, and so he made it clear when he lashed out on twitter against OPEC […]

US sanctions threaten Iran’s oil exports, production

Iran’s energy industry started 2018 full of hope for growing oil production and exports. But risks abound, including new US sanctions, a possible global alliance against Iran’s alleged support of rebels in Yemen, and protests within Iran. An international agreement called the Joint Comprehensive Plan of Action (JCPOA) of 2015 lifted international sanctions against Iran. […]

Grief And Joy, 50 Years On

He who learns must suffer. And even in our sleep, pain that cannot forget falls drop by drop upon the heart, and in our own despair, against our will, comes wisdom to us by the awful grace of God.   ~Aeschylus~   Note:  Part of this essay is an excerpt from my 2013 book Collapsing […]

New Mathematical Model Does NOT Prove Civilization Ends In 1 Of 3 Horrible Scenarios

This is a first paper in what they hope to be a long term study. It’s an interesting project, but it should not be used to predict what will happen to Earth in the future. Instead we should rely on projections by the scientists who are studying the effects of climate change, our population growth, […]

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