Nigeria: Problems at the pump

HOW does a big oil producer end up with no fuel? The irony of that predicament is not lost on citizens of the country with sub-Saharan Africa’s largest oil reserves. They endure hours-long queues at petrol stations and buy on the black market. Yet few recall a scarcity as severe as the one that peaked […]

Is The Oil Glut Real?

  As it appears GDP will be seasonally adjusted again, I find myself wondering just one thing: why? Earlier GDP figures showed the US economy on the brink of recession for the first two quarters of this year. Now, with more fudging going on, who knows what it will show. The government appears to be […]

Tokyo Wants to Build a Natural Gas Pipeline to Russia

A consultant with Japan’s largest gas company said they are interested in building a $3.5 billion pipeline to obtain Russia’s natural gas at half the cost of its LNG Tokyo Gas, Japan’s largest gas company, would like to build a gas pipeline from Sakhalin, Russia, to central Japan, Shigeru Muraki, a consultant for the company, […]

End of Oil Glut Seen Nigh as World’s Use Set to Top Production

Make the most of abundant oil because by the end of the year the world may be consuming more than it pumps. The global crude market will shift into a deepening deficit in the fourth quarter amid a draw down in U.S. stockpiles, according to Standard Chartered Plc. While Qatar’s former oil minister says there’s […]

A Fact? Life As We Know It WILL Change

interview with author & researcher Chris Martenson. Buckle up, peak oil has arrived and Chris says it’s a fact – our lives are about to change

Peak Oil Dress Rehearsal?

This is extraordinary. Remember all those dire things that were supposed to happen when Peak Oil hit? All the stuff in The Long Emrgency? Cars queuing up for miles to buy petrol, public transportation jacking up rates, cell phones not working, banks closing their doors, planes grounded for lack of fuel, supermarkets stripped bare, scalpers […]

Iraq About to Flood Oil Market

Iraq is taking OPEC’s strategy to defend its share of the global oil market to a new level. The nation plans to boost crude exports by about 26 percent to a record 3.75 million barrels a day next month, according to shipping programs, signaling an escalation of OPEC strategy to undercut U.S. shale drillers in […]

Peak Oil: Gas Prices, Supply Depletion & Energy Crisis

Peak Oil: Gas Prices, Supply Depletion & Energy Crisis

Prosperous Descent: Crisis as Opportunity in an Age of Limits

I sometimes tell my students that I am an ‘apocaloptimist’. While, in truth, I am neither apocalyptic nor optimistic, this neologism serves as a fruitful conversation starter. It allows me to begin stating the case for why we, the human species, are facing overlapping crises of unprecedented magnitude – crises that are threatening the very […]

Oil prices rise as demand surges

Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted. Front-month Brent crude <LCOc1> gained 53 cents to $65.90 a barrel by 1750 GMT (01:50 p.m. EDT), after touching an intraday low of $64.72. U.S. crude <CLc1> was up 8 cents […]

Saudi Arabia rewrites its oil game with refining might

Saudi Arabia’s rapid transition into one of the world’s largest oil refiners adds an extra dimension to the oil exporter’s role as the driver of OPEC policy. When it attends OPEC’s next meeting in two weeks, it does so with major new state-of-the-art oil refineries that can profit from cheaper crude and reviving world fuel […]

Kunstler: Yesterday’s Tomorrowland

America takes pause on a big holiday weekend requiring little in the way of real devotions beyond the barbeque deck with two profoundly stupid movie entertainments that epitomize our estrangement from the troubles of the present day. First there’s Mad Max: Fury Road, which depicts the collapse of civilization as a monster car rally. They […]

Why economists were totally wrong about cheap oil

If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy. It hasn’t worked out that way. The economy is thought to have shrunk in the January-March quarter and may barely grow for the first half of 2015 — thanks […]

Is the slowdown in productivity growth a result of energy costs?

Slowing productivity growth in the United States has been in the news in recent months. It has become a concern to policymakers because they believe it is one of the primary contributors to a middle-class economic squeeze according to the annual report of the White House Council of Economic Advisors. Simply put, productivity growth refers […]

Iran to pump natural gas to Iraq next month

Baghdad – The director of National Iranian Gas Company Hameed Reza announced that his country will start exporting natural gas to Iraq by next month. The newspaper “Iran Daily” quoted Reza as saying, “The natural gas pumping process will begin next month after the end of final exams procedures on the pipeline,” noting that “export […]

Gardens Combat Hunger in Argentina

BUENOS AIRES, May 23 2015 (IPS) – In Argentina, where millions of families have unmet dietary needs despite the country’s vast expanse of fertile land, the Huerta Niño project promotes organic gardens in rural primary schools, to teach children healthy eating habits and show them that they can grow their own food to fight hunger. […]

World Exports versus Consumption, The ELM

The EIA has updated their International Energy Statistics with annual production numbers through 2014 and export data through 2012. Sometimes these stats can be confusing as they include several types of production and exports. But for production I use only “Crude plus Condensate” and for exports I used “Crude Oil Exports” which I assume includes condensate […]

5 scenarios for oil prices, including ‘meltdown’

The past year’s drop in crude oil prices will be fundamentally different from previous downturns. What started in June 2014 with a growing imbalance between soft demand in Asia and robust North American shale-oil production seemed typical: Brent crude prices started to fall from $105 per barrel, the market went in contango in October, and […]

The future of meat

Meat — despite popular movements to decrease the amount humans consume — is still a central part of diets around the world. People who live in industrial countries (like the United States) eat roughly 210 pounds of it each year. And consumption in the developing world, where people eat closer to 66 pounds each year, is climbing fast. Growth is such that […]

What’s in A Price? Less Than You Think

Over the years, I have written a good deal about crude oil: crude oil prices, that is. I don’t presume to have any unique insights into the inner workings of OPEC or a comprehensive knowledge of hydraulic fracturing techniques. I do not have contacts at major energy producers. Nor do I have wildcatters checking in […]

The Myth of Self Reliance

A mass emailing went out a while back from a prominent permaculturist looking for “projects where people are fully self sufficient in providing for their own food, clothing, shelter, energy and community needs. . .” There it was, the myth of “fully self sufficient,” coming from one of the best-known permaculturists in the world. In […]

Peak Resource Constraints Threaten Product Supply

We have for years been hearing about the potential for ‘peak oil’ and more recently about ‘peak metals’ but for the first time, several peer reviewed articles are warning us other peak resource constraints are threatening several key areas of product supply, including food. Peak oil has been discussed for a number of years, but […]

Heinberg paints a bleak picture of an inevitable post-carbon future

Very slowly, environmentalists have begun to convince the world we can have our cake and eat it too. They argue human civilization can transition away from fossil fuels without suffering a significant blow to the global economy. Capitalism, continual growth, and high standards of living can all continue, and continue without the onset of catastrophic […]

The demand for oil is growing exponentially

 Crude oil Clock: http://www.oildecline.com/ The time to kick the habit is now…It has taken between 50-300 million years to form, and yet we have managed to burn roughly half of all global oil reserves in merely 125 years or so. The world now consumes 85 million barrels of oil per day, or 40,000 gallons per […]

Collapsing Down the Plum Tree

Having recently started this From Filmers to Farmers blog, one which quite often brings up the topic of peak oil, I was recently confronted with a question that I had unintentionally been avoiding for some time: Do I envision a fast collapse or a slow collapse? In case you aren’t aware of the context here, […]

How Sustainable is Stored Sunlight?

One of the constraints of solar power is that it is not always available: it is dependent on daylight hours and clear skies. In order to fill these gaps, a storage solution or a backup infrastructure of fossil fuel power plants is required — a factor that is often ignored when scientists investigate the sustainability […]

Is The Shale Oil Production Peak The Key Inflection Point For The Stabilization And Continual Rise Of Oil?

Summary The U.S. has lost 1 percent of its shale oil production this month. Oil production from the major U.S. shale plays is expected to fall 86,000 bpd in June of 2015. The supply of oil worldwide still is higher than the worldwide demand for oil. Has there been a production peak at the notable […]

The oil crash: something wicked this way comes

  The recent oil price crash signals the impending demise of the oil and gas industry as a major world energy producer. That should be a good thing, in principle, but something wicked may still come out of the process. With the ongoing collapse of the oil prices, we can say that it is game […]

Africa – Huge Oil Demand

Summary Africa is a rapidly growing continent both in terms of its population and its demand for resources. World oil demand, with Africa as the backbone could grow to 300 million barrels per day over the next hundred years. The market vectors Africa ETF offers a good opportunity to invest but its price has remained […]

World population-food supply balance is becoming increasingly unstable

Researchers report that as the world population increases and food demand has grown, globalization of trade has made the food supply more sensitive to environmental and market fluctuations. This leads to greater chances of food crises, particularly in nations where land and water resources are scarce and therefore food security strongly relies on imports. The […]

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