Iran: OPEC opposes any increase in output

The Organization of Petroleum Exporting Countries is opposed to any increase in output ceilings in the absence of “well-studied justifications,” according to Iran’s caretaker oil minister. “Iran’s policy as head of OPEC is to maintain the production ceiling of this organization,” said Mohammad Aliabadi, adding, “It is an issue which a majority of OPEC members […]

Australia’s carbon-reduction scheme

Highlights of the Australian government’s revised plan to cut carbon emissions by 5 percent by 2020 from 2000 levels: CARBON SCHEME ARCHITECTURE * Reduce carbon emissions by 159 million tonnes in 2020, to be achieved with a carbon tax from mid-2012 to mid-2015, followed by a carbon-trading system. * Carbon tax to be at A$23 […]

Peak Exploration: The Apollo Program And The High Water Mark Of Western Civilization

Those of us who are what we call Peak Oil Aware have come to accept the idea that there are natural limits that will inevitably curtail economic growth and development. A long time argument among Peak Oilers is: when will this happen or has it happened already? Then it all comes down to your definition […]

Iran Test Fires Two Long-Range Missiles Into Mouth Of Indian Ocean Where Two US Aircraft Carriers Are Situated

Today for the first time, Iran’s IRNA news agency reported that the country had fired two missiles with a range of 1,900 km, coupled with TV coverage, into the mouth of the Indian Ocean. As PressTV reports, “Commander of the Aerospace Division of Iran’s Islamic Revolution Guards Corps (IRGC) Brigadier General Ali Hajizadeh said that […]

OPEC’s targets are dead and gone – for now, at least

Opinions may be divided on this, but to all intents and purposes, OPEC’s targets are dead and gone. The oil producer club issued a short communique after the acrimonious June 8 meeting. The communique did not say OPEC had agreed a rollover of the 24.845 million b/d target in place since January 2009. It said […]

Germany ‘sells’ 200 tanks to Saudi regime

Germany is reportedly selling two hundred battle tanks to Saudi Arabia. Talk of a deal has caused outrage among Germany’s opposition politicians, who claim the government would be breaking its own export rules. Peace activist Jens Wagner says he fears the heavy weapons could be used to crush anti-regime protests in the region.

60 Million Barrels of ‘Nice Try’

A few weeks ago, President Obama and his cohorts around the world released 60 million barrels of oil in a shock move to stick it to the speculators — well, those speculators who weren’t politically connected. As I write this, the price of West Texas crude is $96.61. Obama’s market manipulation did nothing aside from force […]

Iran, Iraq to discuss natural gas transference to Europe

Iraqi Ambassador to Iran Mohammad Majeed al-Sheikh said Tuesday Tehran and Baghdad are set to discuss transferring Iran’s natural gas to Europe via Iraq and Syria, the local Press TV reported. Mohammad Majeed al-Sheikh said that the two sides will discuss the issue during a visit by Iran’s First Vice President Mohammad- Reza Rahimi to […]

Road to Endless War – The Final Chapter – All Trends Togethe

Episode 2: All Trends Together Alternative News Links: Russia Today http://rt.com/ Russia Today on YouTube http://www.youtube.com/user/RussiaToday Press TV http://www.presstv.com/ Press TV – YouTube http://www.youtube.com/user/PressTVGlobalNews Al Jazeera http://english.aljazeera.net/ Al Jazeera – YouTube http://www.youtube.com/user/AlJazeeraEnglish?feature=chclk World United News http://worldunited-stewart.blogspot.com Set You Free News http://www.setyoufreenews.com Wide Awake News http://www.wideawakenews.com STRATFOR — Global Intelligence — YouTube Channel http://www.youtube.com/user/STRATFORvideo Support Links: […]

Gail Tverberg: The Fifth Option: Is This how Governments Will Fix Their Debt Problems?

We have all read about the standard “fixes” for a governmental debt problem – (1) inflate your way out of the problem, (2) cut programs and/or raise taxes, and (3) restructure debt, perhaps delaying repayment and giving bondholders a “haircut” on promised payouts. A fourth one seems to circulate through peak oil circles, namely “debt […]

Russia To Deploy Specialist Troops To Safeguard Oil-rich Arctic Region

Among predictions of a competition between nations for oil reserves in the North pole, Russia Friday said it is planning to deploy specialist troops in the oil rich Arctic region to safeguard its interests. U.S, Canada, Finland, Norway and Sweden already have troops to protect their polar regions. Apart from these countries, Denmark also have […]

Making sense of peak oil and energy uncertainty

There are currently no viable substitutes for oil at current rates of consumption.  Although alternatives to oil do exist for many of its uses, they are generally vastly inferior to oil in their energy content and in the ease of which they can be extracted, transported, and turned into a commercially-useable fuel. For over 65 […]

IEA eyes oil release ‘extension’

The move would be in defiance of Opec’s criticism of the IEA’s decision last week to release 60 million barrels over an initial 30-day period to fill the gap in supplies left by the disruption to Libya’s output. Richard Jones, deputy executive director of the 28-member agency, said he believed the release would be temporary […]

Who’s got gas? The question at the heart of European pipeline politics

What constitutes having gas? If you want to build a pipeline, this is obviously one of the most crucial questions to ask. But it’s not usually asked in quite that form. The point is that it is worth considering what constitutes availability. In theory, of course, there’s lots of gas that can be made available […]

Iran secretly tested ‘nuclear-capable missiles’

Iran has carried out secret tests of ballistic missiles capable of delivering a nuclear payload in breach of UN resolutions, British Foreign Secretary William Hague said Wednesday. Hague’s comments came a day after Iran’s elite Revolutionary Guards said they had fired 14 missiles in an exercise, one of them a medium-range weapon capable of striking […]

Oil, water shortages, climate change could provoke wars

Critical energy and water shortages combined with climate change could provoke wars within the next 15 years, warns a newly-released analysis by the Department of National Defence. “Global reserves of crude oil could become problematic by 2025,” wrote Maj. John Sheahan in a draft version of the report, Army 2040: First Look. “This implies that […]

Michael Klare: The new thirty years’ war: Winners and losers in the great global energy struggle to come

A 30-year war for energy preeminence?  You wouldn’t wish it even on a desperate planet.  But that’s where we’re headed and there’s no turning back. From 1618 to 1648, Europe was engulfed in a series of intensely brutal conflicts known collectively as the Thirty Years’ War. It was, in part, a struggle between an imperial […]

What Are Schools Teaching Kids About Our Energy Future?

A very important component of our future energy development and production will come not necessarily from the truth but what is perceived to be the truth. Make no mistake, what today’s young people are taught in school about energy and its relationship to global warming will determine what direction we go in developing the critical […]

Getting crude oil outta Cushing: it’s not cheap nor fast

Depressed WTI prices and a favorable spread against Light Louisiana Sweet crude are encouraging WTI shipments by land and water from the NYMEX delivery point at Cushing, Oklahoma, to the US Gulf Coast. But as market players are finding out, most routes are less than a bargain. The WTI/LLS spread, which at one point last […]

The plan to destabilize Syria

The operations conducted against Libya and Syria involve the same actors and strategies. However, their respective outcomes will differ since the situations in these countries are not comparable. Thierry Meyssan analyzes the semi-failure experienced by the colonial and counter-revolutionary forces, and predicts a pendulum reversal in the Arab world. The efforts to overthrow the Syrian […]

The President, The Media, and Oil Supply

Recently President Obama, under pressure from Republicans and the public to bring down gasoline prices, announced a plan to expand domestic oil production in Alaska and the Gulf of Mexico. The media appeared to joyfully trumpet the idea that with expanded oil drilling in the U.S., oil production would ramp up. No one in the […]

Opec calls for IEA oil release halt

The oil cartel warned that growth in the global economy is set to slow down later this year resulting in a dive in demand for oil. Member countries of the IEA voted last week to release 60 million barrels of oil onto the market in an attempt to ease price pressure. Today the body said […]

The Saudi Arabian Protectorate of Bahrain

The small archipelago nation of Bahrain can’t seem to stay out of the news lately, as the government continues its containment of civil protests that it perceives as a threat to its rule. The majority (60-70%) Shi’a population has observed the examples of regime-change elsewhere in the Middle East and were demonstrating publicly about their […]

As The IEA-OPEC Nash Equilibrium Collapses, Is A 1973-Style OPEC Embargo Next?

Last week’s dramatic decision by the US administration to strongarm the IEA into releasing strategic petroleum reserves (of which the US would account for 30 million barrels, or half of the total), is nothing but yet another example of the hobbled and incredibly short-sighted thinking that permeates every corner of the Obama administration. Because as […]

Lies Our Leaders Tell Us – “Nobody Could Have Predicted”

There has been a lot of commentary within the peak oil movement as of late noting that the concept seems to be creeping ever closer to mainstream acceptance. While we should be heartened that the logic of our arguments is finally beginning to shine through the fog of denial and obfuscation, we also need to […]

US, Other Countries Battle OPEC With Release From Oil Reserves

While Robert continues his trip to Europe and across the Continental U.S., a significant piece of news has been dominating the headlines. Although we’ve been closely monitoring the release of 60 million barrels of crude on our Energy Ticker page, we also wanted to generate some discussion on the topic, here, on the R-Squared Energy […]

IEA aiding oil production gap

Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. This concept is based on the observed production rates of individual oil wells, and the combined production rate of a field of related oil wells. The aggregate production rate […]

IEA To Release 60 Million Barrels Over Coming Months, To Ensure Supply Due To Libya

The much anticipated, and expected, IEA report is here. IEA SAYS TO RELEASE STOCKS IEA SAYS TO RELEASE 60 MILLION BARRELS OVER COMING MONTHS IEA SAYS TO RELEASE STOCKS TO ENSURE SUPPLY DUE TO LIBYA IEA SAYS MEASURE TO ALLEVIATE LIBYA UNREST, IMPACT ON SUPPLY IEA SAYS 132 MILLION BARRELS LOST TO LIBYA IEA SAYS […]

Huge Marine Drill Confirms US Ground Invasion of Libya

CNN is a notorious focal point for Pentagon psyops. In 2000, the Pentagon confirmed that psyops personnel, soldiers and officers, have worked in the CNN headquarters in Atlanta. In February of that year, Dutch journalist, Abe de Vries, reported on the presence of U.S. Army personnel at CNN for the Dutch daily newspaper Trouw. Obama […]

Anti-austerity protests spread across Europe

Anti-austerity rallies have been held across Europe – in Spain thousands marched to protest against high unemployment and their government’s handling of the economic crisis. It was the first major demonstration since the end of the so-called ‘Indignant’ (Indignados) campaign in which Madrid’s central square was occupied by activists for several weeks. One protester said […]

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