Number of wells producing oil, gas declines

The number of wells producing crude oil and natural gas in the United States declined in 2017, according to the U.S. Energy Information Administration (EIA). © Shutterstock Oil and gas producing wells dropped from a peak of 1,039,000 in 2014 down to 991,000 in 2017. The decline can be primarily attributed to advances in technology […]

The World, Built by China

How China became a superpower Seven dams generate almost half of Cambodia’s electricity. China built and paid for all of them. This one, near Cambodia’s southern coast, is about 360 feet tall. It is the fourth-largest by power output in the country. Dam Kamchay Dam, Cambodia Sri Lanka borrowed more than $1 billion from China […]

Oil and Bitcoin highlight growing risk of market crash

The risk of a “flash crash” in markets is rising, strategists at Bank of America Merrill Lynch said on Friday, after a week in which previously-booming cryptocurrency Bitcoin tumbled, oil sank, and investors piled into stocks perceived as safer. FILE PHOTO: A fisherman pulls in his net as an oil tanker is seen at the […]

How our food system is eating away at nature, and our future

As you eat your next meal, ask yourself if you really know what you’re eating – not just the ingredients or where they came from, but what has gone into them. How much land was needed? How much water was used? How much energy was required? We need to ask ourselves these questions, because how […]

Could A Limit On Kids Stop The World’s Population Crisis?

Listen as a KZN man shares his view on overpopulation in South Africa: <a href=”https://iono.fm/e/625867″>Content hosted by iono.fm</a> Worldometers reports that there are over 7.6-billion people out there in the world, while SA Government has reported that 56.52-million of those people reside in South Africa. These are scary statistics when you really think about it. […]

Oil Demand for Cars Is Already Falling

The International Energy Agency published its World Energy Outlook this week, its annual effort at revising assessments of future demand for and supply of fuels and electricity. 1 There’s a familiar theme within it: The IEA expects more renewable-energy use in the future than it did in last year’s outlook, which was more than it […]

Inventors of Omnidirectional Wind Turbine Win James Dyson Award

A spinning turbine that can capture wind traveling in any direction and could transform how consumers generate electricity in cities has won its inventors a prestigious international award and ~$38,000 prize. Nicolas Orellana, 36, and Yaseen Noorani, 24, MSc students at Lancaster University, scooped the James Dyson award for their O-Wind Turbine, which — in […]

Saudi prosecutor claims Crown Prince Mohammed innocent, seeks death for 5 others in Khashoggi killing

Saudi Arabia’s public prosecutor on Thursday said that 11 suspects had been indicted over the death of the journalist Jamal Khashoggi and that he requested the death penalty for five of them. The deputy prosecutor also told reporters that Khashoggi died from a lethal injection and that his body was dismembered and taken out of […]

Upset by Trump’s Iran waivers, Saudis push for deep oil output cut

When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so. But Saudi Arabia did not receive advance warning when Trump made a U-turn by offering generous waivers that are keeping more Iranian crude in the […]

Where do you fit into the 7 billion people on Earth?

Have you ever found yourself wondering how many people there are on Earth? Or perhaps you are curious as to what your birth date may signify in the grand scheme of things. Or are you a teacher in search of a new learning tool to share with your students? Well, thankfully there is a great […]

Global Coal Use May have Peaked in 2014

The world may never again use as much coal as during a peak in 2014, according to the latest World Energy Outlook from the International Energy Agency (IEA). The weighty annual outlook is one of the most widely respected and eagerly anticipated publications among energy analysts and policymakers. The 2018 edition runs to 662 pages and contains […]

US shale oil forecasts too optimistic

The fracking of hard-to-reach oil reserves has helped the US regain its crown as the world’s top crude oil producer. But even the International Energy Agency (IEA) is now worried that the shale boom has been overhyped. Since it first came on stream a decade ago, US shale oil has been hailed as the great […]

We’re Close to a Level Where Oil Will Bottom Out

Chris Ralph, chief investment officer at St. James’s Place Wealth Management, discusses the state of global demand for oil and where he sees prices heading. He speaks on “Bloomberg Daybreak: Europe.” (Source: Bloomberg)

How Circular is the Circular Economy?

The circular economy – the newest magical word in the sustainable development vocabulary – promises economic growth without destruction or waste. However, the concept only focuses on a small part of total resource use and does not take into account the laws of thermodynamics. Illustration: Diego Marmolejo. Introducing the Circular Economy The circular economy has become, […]

Temperature of China’s ‘artificial sun’ reaches new heights

China’s self-designed “artificial sun,” a device to harness the energy of fusion, has made an important advance by achieving a temperature of 100 million degrees Celsius in plasma and a heating power of 10 megawatts, media reported, noting the progress could pave the way for developing clean energy through nuclear fusion. The Institute of Plasma […]

China Is Expected to Become World’s Biggest Natural Gas Buyer by 2040

China, the driver of global demand, is forecast to become the world’s largest gas-buying country with net imports approaching the level of the European Union by 2040, according to the International Energy Agency’s the World Energy Outlook. China already overtook South Korea as second-largest LNG importer last year and is on track to surpass Japan. […]

US Expected to Produce Half of Global Oil and Gas Output by 2025

Relentless American shale development is set to allow the U.S. to leapfrog the world’s other major oil and gas producers, with the potential for the country to account for roughly half of global crude and natural growth by 2025, the International Energy Agency said Tuesday. In its annual World Energy Outlook report, the IEA said […]

In OPEC’s Heartland, Billions Are Spent to Boost Oil Capacity

OPEC members may be weighing oil production cuts again, worried that a slowing global economy will undermine prices, but in the group’s Middle East heartland producers are spending billions to add output capacity for the long term. As the global oil industry recovers from one of the worst slumps in its history, the biggest international […]

Kunstler: Rock The Vote

It warmed my heart to read in The Wall Street Journal that Hillary Clinton is preparing to re-enter the Washington DC swamp from her deluxe exile in the woods of Chappaqua, New York, and make another run for the White House — though it’s hard to calculate how many porters in sandals and loincloths will […]

Scientists Develop Liquid Fuel to Store Sun’s Energy Up to 18 Years

No matter how abundant or renewable, solar power has a thorn in its side. There is still no cheap and efficient long-term storage for the energy that it generates. The solar industry has been snagged on this branch for a while, but in the past year alone, a series of four papers has ushered in […]

Oil, Power, and War by Matthieu Auzanneau

Oil, Power, and War: A Dark History By Matthieu Auzanneau Originally published in 2015 as Or noir, by La Découverte Translated from the French by John F. Reynolds 672 pp, hardcover. Chelsea Green Publishing. – Nov 2018. $35.00. In Oil, Power, and War, French journalist Matthieu Auzanneau presents a comprehensive, provocative history of humankind’s relationship […]

There will be an oil shortage in the 2020s, Goldman Sachs says

An oil shortage is coming says Goldman Sachs, because firms cannot fully invest in future production. Global oil majors are increasingly looking to invest in lower-carbon areas of the energy sector, as they react to pressure for cleaner energy, both from government policy and investors. “In the 2020’s we are going to have a clear […]

Saudi Arabia to cut oil output by half-a-million barrels per day

Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy minister said on Sunday, as the OPEC power faces uncertain prospects in its attempts to persuade other producers to agree a coordinated output cut. Khalid al-Falih told reporters that Saudi Aramco’s customer crude oil nominations […]

‘Remarkable’ decline in fertility rates

There has been a remarkable global decline in the number of children women are having, say researchers. Their report found fertility rate falls meant nearly half of countries were now facing a “baby bust” – meaning there are insufficient children to maintain their population size. The researchers said the findings were a “huge surprise”. And […]

We have not learned enough from the horrors of war

At the 11th hour on the 11th day of the 11th month in 1918, the cannon and guns of war went silent. This ended the First World War. It had started four years earlier, when the presumptive heir to the Austro-Hungarian throne, Archduke Franz Ferdinand, was assassinated in Sarajevo by a Serbian member of the […]

WTI Drops Below $60

Crude oil futures declined again Friday, but the key natural gas benchmark got a late-week boost from a Canadian cold blast. The December futures price for West Texas Intermediate (WTI) crude oil spent part of Friday below $60 a barrel but managed to settle above that threshold. After peaking at $60.79 and bottoming out at […]

Saudi Crown Prince Claims Assassination Attempt Against Him Was Thwarted

BBC Arabic reports based an exclusive Jerusalem Post story that Saudi Crown Prince Mohammed Bin Salman told a group of Evangelical leaders who met with him in Riyadh earlier this month there was a recent plot to assassinate him, and that the plan was thwarted by Egyptian intelligence.  The Jerusalem Post first broke the story this week based on accounts […]

A Very Grim Forecast

Diane Burko Diane Burko: Grinnell Mt. Gould #1, #2, #3, #4, 2009; based on USGS photos of Grinnell Glacier at Glacier National Park, Montana, between 1938 and 2006. Burko’s work is on view in ‘Endangered: From Glaciers to Reefs,’ at the National Academy of Sciences, Washington, D.C., until January 31, 2019. The accompanying book is […]

Oil’s in a Bear Market Again

Crude oil prices fell into bear-market territory, as prices fell more than 1% in Thursday trading. Crude has been weighed down by signs of eroding global economic growth, wilting demand and even the U.S.’s decision to offer waivers on sanctions of Iran. Brent crude dropped 2% to $70.65 a barrel on Thursday, while West Texas […]

Saudi Arabia Is Evaluating A Break Up Of OPEC

In potentially groundbreaking news – which failed to generate a market response as it hit at the same time as the FOMC statement – Saudi Arabia’s top government-funded think tank is said to be studying the possible effects on oil markets of a breakup of OPEC, a research effort which the WSJ called “remarkable” for […]

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