Exxon and Chevron Post Historic Losses

Exxon Mobil Corp. and Chevron Corp. posted the worst losses in a generation after the pandemic and a global crude glut combined to batter almost every part of their businesses. Exxon’s $1.1 billion second-quarter loss was the deepest in the company’s modern history. A collapse in crude prices bled the company’s production division while Covid-19 […]

Renewable Energy Growth Continues At A Blistering Pace

This article is the fifth in a series on the BP Statistical Review of World Energy 2020. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Previous articles covered overall energy consumption, petroleum supply and demand, natural gas, and coal. Today, I want to cover the production and consumption of renewable energy. […]

Richard Heinberg: Avalanche

How bad could it get? For the United States, it seems there is no bottom. Back in March, I wrote that the nation’s response to the coronavirus pandemic would likely shape its economic, political, and geopolitical fortunes for years or decades to come. Four months later, it’s time for a check-in. How’s that pandemic response going? Not […]

Why a Thriving Civilization in Malta Collapsed 4,000 Years Ago

The mysteries of an ancient civilization that survived for more than a millennium on the island of Malta—and then collapsed within two generations—have been unravelled by archaeologists who analyzed pollen buried deep within the earth and ancient DNA from skulls and bones. It’s part of a field of work that is expanding the use of […]

Assembly of the worlds largest fusion reactor (ITER) begins

During the first phase of machine assembly, from March 2020 to December 2024, the ITER Organization will assemble the core machine—the vacuum vessel, cryostat, thermal shields, all superconducing magnets and their feeders—as well as some heating and diagnostics. Watch how it will be done in this video. This video is a July 2020 update of […]

The Responsiblity of Influence

I do not pretest to be anybody other than a dumbass roughneck who has drilled and completed LOTS of wells with his own money. I don’t have a college degree nor initials to put after my name, but after 45 years I do understand well economics and how to manage oil and gas production. My counterpart’s […]

Energy Is Everything

I hope we all know that everything depends on people doing the right thing, which depends upon people knowing what the right thing is, which depends upon people who know what to do doing the right thing to influence others until right thinking is widespread, which depends upon many things including luck. Ultimately, we need […]

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