Peak Oil is You

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News from May 2019

Fossil Fuel Subsidies Are Destroying The World

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Subsidies for the fossil fuel industry should be eliminated as they help to “destroy the world” the United Nation’s Secretary-General Antonio Guterres told media this week, adding pollution should be taxed, as quoted by Reuters. “Many people still think that to give fossil fuel subsidies is a way to improve living conditions of people,” Guterres said […]

Independents Dominate US Energy Markets

A new IPAA-funded study projects a growing economic impact from US independents. Independent oil and gas companies dominate U.S. energy markets, contributing 83 percent of the country’s oil output and 90 percent of domestic natural gas and natural gas liquids (NGL) production. Those are two findings in a new Independent Petroleum Association of America (IPAA)-funded […]

Threats to America’s oil pipeline grid

Preface. At some point of energy decline there will be Americans who tap into pipelines to get scarce oil for themselves and to sell it on black markets. Just look at the massive amount of oil being stolen in Nigeria here. And the rate of theft is increasing, in 2017 9,000 barrels a day were […]

US energy department rebrands gas exports ‘molecules of freedom’

US energy officials appeared to rebrand natural gas produced in the country as “freedom gas”, in a statement announcing an increase in exports. The US Department of Energy said the expansion of a Texas facility meant more “molecules of US freedom” could be produced and exported worldwide. The facility, based in Quintana, produces liquified natural […]

Collapse Now and Avoid the Rush by John Michael Greer

Like John Michael Greer’s numerous other books on the subject of industrial civilization’s demise, this one reveals its author to be an astonishingly gifted guide to a future that most people refuse to contemplate. The 25 short writings it contains were originally published on Greer’s former blog, The Archdruid Report, which was an institution among […]

‘Cold case’ of cold fusion reopened by Google-funded scientists

Scientists at Google and several research institutes in North America have reopened what they call the “cold case” of cold fusion. The researchers argue that those dismissing work on cold fusion – for which there is no reproducible experimental evidence – may have been “premature” in their assessment of its worth. The team has also […]

Forget “Money” – What Will Matter Are Water, Energy, Soil, & Food… And A Shared National Purpose

If you want to identify tomorrow’s superpowers, overlay maps of fresh water, energy, grain/cereal surpluses and arable land. The status quo measures wealth with “money,” but “money” is not what’s valuable. “Money” (in quotes because the global economy operates on intrinsically valueless fiat currencies being “money”) is wealth only if it can purchase what’s actually valuable. […]

Trump won’t gamble with US strategic oil stocks despite supply disruption risks

Keeping fuel prices low is a political priority for US President Donald Trump. Just don’t bet on him gambling with America’s emergency oil stocks to achieve a second term in office, at the risk of jeopardizing energy security for the world’s largest economy. Created in the early 1970s, soon after the oil shock caused by […]

Saudi Arabia ‘seeks to avert war, ready to respond with force’

Saudi Arabia wants to avert war in the region but stands ready to respond with “all strength and determination” after last week’s attacks on Saudi oil assets, a senior official said, adding that the ball was now in Iran’s court. Riyadh has accused Tehran of ordering Tuesday’s drone attacks on two oil pumping stations in […]

Is The Oil Glut Coming Back?

Oil had its worst week of the year, and the plunge in prices have renewed concerns about the global economy, oil demand and a stubborn crude oil surplus. Oil fell along with everything else, as the gravity of the escalating U.S.-China trade war began to sink in. But there are cracks specific to the oil […]

Kunstler: Rumors of War

The race to economic collapse is an international competition sparking threats and tensions summoning the specter of war. The imploding center of this collapse is that of industrial technocracy based on fossil fuels. All the nations will go through it on differing schedules. It has been playing out slowly, painfully, and deceptively — hence, my […]

The Silver Lining Of An Oil Price Crash

It has been a dismal week for oil prices despite a slight recovery on Friday morning, but there may be a silver lining to the most recent price crash. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) Oil rebounded […]

Fusion: A safer nuclear option

It is obvious that global efforts to combat climate change—that were agreed upon at the 21st Conference of Parties in Paris—have already gone off the rails. Subsequent conferences produced nothing but a long laundry list of unenforceable rules to cope with the rapidly changing climate that is forcing millions of people to lead cramped lives […]

Pitching Seaweed Straws

“Kelp-based straws will beat the price of paper straw competitors later this year and could under-price plastic straws by the end of 2020.“ The young woman strode past the three judges and spoke directly to the Standing Room Only audience of more than 1000. “I am Chelsea Briganti, my company is LOLIWARE, and […]

Sustainability is a balancing act

EVERYONE now wants to champion sustainability. This is good, and we need to get everyone on board to contribute to sustainability. Schools and universities provide an excellent platform to garner support for the sustainability agenda. In fact, the government should allocate a special budget to raise awareness about sustainability. This would be a worthwhile investment […]

Overpopulation – The Deadly Myth behind the Other Modern Myths

Who says the world is overpopulated? And what does that mean anyway? Hunger? Crowding? Environmental harm? For over 200 years we’ve been told that the world is overpopulated. But is it? Check this out. In 1798, Thomas Malthus thought the world was overpopulated when world population was under one billion. In his book, An Essay […]

Rural America Is On The Verge Of Collapse

The Economic Innovation Group’s (EIG) Distressed Communities Index (DCI) shows a significant economic transformation (from two distinct periods: 2007-2011 and 2012-2016) that occurred since the financial crisis. The shift of human capital, job creation, and business formation to metropolitan areas reveals that rural America is teetering on the edge of collapse. Since the crisis, the […]

Why it (sort of) makes sense for the US to impose tariffs

Nearly everyone wonders, “Why is Donald Trump crazy enough to impose tariffs on imports from other countries? How could this possibly make sense?” As long as the world economy is growing rapidly, it makes sense for countries to cooperate with each other. With the use of cooperation, scarce resources can become part of supply lines […]

IEA cuts oil-demand forecast, but sees market tightening on Iran

Global oil demand will grow more slowly than previously thought following an economic lull in Asia, the International Energy Agency said, while warning that supplies stand to tighten due to U.S. sanctions on Iran. Disappointing fuel consumption in China, Japan and Brazil meant 2019 started with a “tough quarter,” the agency said, lowering its global […]

Global sea levels could rise far more than predicted

Global sea levels could rise by two metres and displace tens of millions of people by the end of the century if greenhouse emissions remain unchecked, according to a new study. The authors of the report, released on Monday in the Proceedings of the National Academy of Sciences journal, said this outcome is the worst-case […]

Saudi Arabia wants to buy tons of American natural gas

Saudi Arabia has placed a huge bet on American natural gas. In a sign of shifting energy fortunes, Saudi Aramco announced a mega preliminary agreement on Wednesday to buy 5 million tons of liquefied natural gas per year from a Port Arthur, Texas export project that’s under development. If completed, the purchase from San Diego-based […]

Nature On The Eve Of Destruction — The UN Extinction Report

One million species are close to extinction, thanks to Homo sapiens. Thus warns a landmark new report from the United Nations Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), presented at the 7th session of the IPBES Plenary meeting earlier this month in Paris. Sir Robert Watson, Chair of the IPBES, said, “The health […]

North Sea Oil Production Struggling

North Sea oil production is struggling, according to independent energy research and intelligence business Rystad Energy. The company’s North Sea oil output forecast – which looks at crude and lease condensate production, including onshore, for Norway, the United Kingdom, Denmark and the Netherlands – projects that 185,000 barrels per day (bpd) of outages will be […]

9/11 connection remains cloaked in government secrecy, breeding suspicion of Saudi role in terror attacks

The facts and the treatment of former Sarasota, Fla., residents Abdulaziz and Anoud al-Hijji are extreme but not unique. Saudi Arabian born, raised in the fringes of palace aristocracy, Abdulaziz al-Hijji and his family had lived for over a decade in a suburban home. In the hours after 9/11, Sarasota law enforcement was notified by […]

Helium is a finite resource—who knew?

Almost precisely 10 years ago I wrote about the likelihood of a shortage of helium in the not-to-distant future in a piece entitled “Let’s party ’til the helium’s gone.” Last week worries about a helium shortage appeared in my news feed. It seems that we are indeed going to party ’til the helium’s gone as […]

The Trump administration has already built its case for Iran war

President Donald Trump may not need Congress to go to war with Iran. That’s the case his lieutenants have been quietly building as tensions between the two nations have escalated. The key elements involve drawing links between al Qaeda and Iran and casting Iran as a terrorist threat to the U.S. — which is exactly […]

Trump’s Energy Errors

President Donald Trump clearly supports the oil and gas industry, but he made several false and misleading boasts about his impact on the energy sector. The president suggested that a change in federal policy was responsible for a newly operational natural gas export terminal, saying past leaders’ “anti-American energy” policies had led the company to […]

Physical Oil Traders Are Desperate for Crude

From Colombia to the North Sea, the Middle East to Texas, the global market for crude cargoes is becoming tighter by the week as supplies grow more constrained and risks to production spiral. Prices for actual barrels from the North Sea, Asia, and the Americas are now trading at the highest in half a decade. […]

Surge of New Permian Basin Oil to Feed Global Supply

Exports of the Permian Basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners. Sales of the new grade, known as West Texas Light, began in September, as explorers sought to separate out increasingly lighter and less sulfurous crude bubbling up from wells in West Texas and […]

The plot to kill Venezuela

And who is caught between an economy reliant on oil revenues and a sanctions regime designed to create suffering? The people caught in the squeeze of factors beyond their control. HUGO Chávez knew that Venezuela was very vulnerable. Its oil revenues account for 98 per cent of its export earnings. Chávez was familiar with the […]

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