Shale Has Delinked US Oil and Gas Prices

The relationship between crude oil (WTI) and natural gas (Henry Hub) prices has long been an essential one. These two sources of energy are intrinsically linked, and together supply over 60 percent of U.S. and global energy. Especially over the past decade, oil and gas are being produced by the same companies. Even the oil […]

There’s No Tomorrow

A very entertaining and informative animated film about peak oil and energy. A Film by Dermot O’Connor. “The inspiration for the film: in November 2004, on the night of the final Bush/Kerry debate, Professor David Goodstein, Professor of Physics and Applied Physics at Caltech, gave a public lecture on the subject of Peak Oil and […]

Africa To Supply Big Chunk Of Global Natural Gas By 2025?

Africa could provide as much a fifth of global demand for liquefied natural gas by 2025, up from 10% in 2018, due to huge investments in the sector and some recent major discoveries. The African Energy Chamber, a group of energy and mining companies in Africa, reported recently massive discoveries in Mozambique, Tanzania, Senegal and […]

Prelude to a Disaster

Every day the news gets worse. Millions of people are displaced by record-breaking heatwaves and droughts, violent mega-storms and flash floods. Unprecedented wildfires burn out of control, scorching massive tracts of forest and brush, and plunging nearby urban metropolises into surreal scenes of mid-afternoon darkness. Meanwhile, scientists solemnly inform us that marine life could be […]

Oil Prices Advance on Iraq Revelation

West Texas Intermediate (WTI) and Brent crude oil prices posted solid gains Wednesday on reports that OPEC member Iraq wants the cartel to raise existing production cuts. “Petroleum markets continue to move back-and-forth remaining in their congestion ranges based upon the latest ‘news of the day,’ whether it be about the U.S.-China trade issues or […]

Russian Gas Mega-Pipeline To China Goes Online As Putin & Xi Hail Closer Ties

Late Monday Chinese President Xi Jinping and Russia’s Vladimir Putin jointly launched the major unprecedented cooperative project that had been years in the making called the ‘Power of Siberia’ gas pipeline. The China-Russia east-route pipeline is now providing China with Russian natural gas, which according to Chinese state media is expected to reach 5 billion cubic meters in 2020 and increase […]

Robert Rapier: America Is Not Yet A Net Crude Oil Exporter

Of all the developments to come out of the shale oil boom in the U.S., the idea that the U.S. could actually achieve energy independence seemed one of the most unlikely. After all, in late 2005 weekly net imports of crude oil and petroleum products had hit an all-time high above 14 million barrels per […]

‘I kept the oil’: Donald Trump defends U.S. withdrawal

President Donald Trump defended his policy on Turkey as the NATO ally faces scrutiny from member nations – and repeated his assertion that he ‘kept the oil’ inside Syrian territory. The president proclaimed: ‘We can do with the oil that we want’ – although the Pentagon said last month that Syrian Democratic Forces were getting […]

Brouillette Takes Over as Energy Secretary

The U.S. Senate on Dec. 2 confirmed Dan Brouillette as the new Secretary of Energy, tapping the former lobbyist for Ford Motor Company to replace Rick Perry, the former Texas governor who stepped down as Department of Energy (DOE) chief after becoming part of the impeachment inquiry into President Trump. Perry’s tenure was marked by […]

A Surefire Cure For Despair

“I can’t go on. I’ll go on.” ~ Samuel Beckett Sometimes it just gets to be too goddamn much. You just finished a soul-draining argument with a family member who insists that Putin controls all major world events because that’s what the TV said so it must be true, then you check the poll numbers […]

Will OPEC Really Risk An Oil Price Crash?

The Organization of the Petroleum Exporting Countries and non-OPEC partners led by Russia, are now nearly two years into their production agreement and are expected to roll-over the accord through the end of June 2020 in order to stabilize crude markets and prices. Their goal has so far been elusive amid faltering demand growth and […]

Russia Opens Giant Gas Link to China

The world’s biggest natural gas exporter and one of the globe’s top consumers of the fuel cemented their energy cooperation on Monday with the launch of Russia’s giant Power of Siberia pipeline to northern China. Gas started flowing toward China through the link, which has become a symbol of President Vladimir Putin’s pivot to the […]

This Is What the Future of Food Looks Like

It’s the year 2050. With a swelling global population and once-abundant resources that are no longer available on the planet, what’s on your plate and lunchboxes is no longer the same. The 2019 you would have never recognised it all. Using technology to plug gaps that exist in the food system, trends spread faster than […]

Is US Oil Production Growth Slowing?

Summary There continues to be much speculation and information pointing to a potential slowing of US oil production. However, the latest production data from the EIA continues to point higher, albeit at a slower rate. Production of LTO continues to increase, while the number of rigs operating in the LTO basins continues to decrease. One […]

Why Oil Demand Won’t Follow Coal’s Death Spiral

After a steady rise that lasted nearly 50 years, U.S. coal consumption peaked about a decade ago. Since the peak in 2007, coal consumption in the U.S. has fallen an astounding 44%. US Coal Consumption 1949 to 2019 Robert Rapier There are two primary reasons behind coal’s death spiral. Both were aided by legislation aimed […]

A World on Fire

  Discuss this article at the  Collapse Morning Wake-Up Call table inside the Diner   Working up the energy for a blog for Sunday Collapse Brunch this week has been tough for a few reasons.  Health wise, I am doing crappy again, but this isn’t the only problem.  My main computer is also getting close […]

Economists and climate change: Building castles in the sky

Economist John Kenneth Galbraith once said that “the only function of economic forecasting is to make astrology look respectable.” Unfortunately, when some economists turn their sights on the economics of climate change, their unreliable methods imperil not just the economic life of humankind but its very existence. I have written previously about this phenomenon in […]

« Previous Page

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy