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The global oil price drop may last for the next couple decades thumbnail

The global oil price drop may last for the next couple decades

Stanford economist Frank Wolak says the drop in oil prices and demand reflects heightened energy production in North America, better technologies and the declining market power of the OPEC countries. Global oil prices may stay low for the next 10 or 20 years, according to Stanford economist Frank Wolak. The most likely medium-term outcome is $50 to $70 per barrel, according to Wolak. He is the Holbrook Working Professor of Commodity Price Studies in the Department of Economics at Stanford University. And while geopolitical and environmental issues may unexpectedly arise that turn oil prices upward, Wolak said many factors point to lower oil prices for the foreseeable future. Crude oil prices fell from a high of $115 a barrel in June 2014 to a low of $45 in January of this year. The lower prices have generated ripple effects throughout the global economy. The ...

Enviroment

Love In The Age of Ecological Apocalypse

Love In The Age of Ecological Apocalypse: Cultivating The Relationships We Need To Thrive, North Atlantic Books, 2015. Order here The book in your hands poses and responds to a deceptively simple question: How are we to love in an apocalyptic time? The public tends to associate “apocalypse” with right-wing End of Times zealotry, but the word bears deeper implications. Derived from the Greek word apokaluptein, it means “to reveal” in the sense of uncovering what has been hidden. In the mythologies of many cultures, a time of decadence and alienation ends in universal collapse. Hindu lore calls this the Kali Yuga, Sami legends the end of the Great Celestial Hunt. Aztec stories describe the fall of the Fifth Sun, and the Norse tell of Ragnarok, the Doom of the Gods, heralded by stormy weather and altered patterns of animal migration. We move ...

The battle for the Middle East’s future begins thumbnail

The battle for the Middle East’s future begins

Saudi Arabia has jumped into the abyss. Its air attacks on Yemen are a historic and potentially fatal blow to the Kingdom and to the Middle East. Who decided that this extraordinary battle should take shape in the poorest of Arab nations? The Saudis, whose King is widely rumoured in the Arab world to be incapable of taking decisions of state? Or the princes within the Saudi army who fear that their own security forces may not be loyal to the monarchy? The “story” of Yemen appears simple. Houthi rebels, who are Shia Muslims, have captured the capital of Sanaa with the help – so say the Saudis – of the Iranians. The legitimate President – Abed Rabou Mansour Hadi – has fled to the Saudi capital of Riyadh from his bolthole in the old southern Yemeni capital of Aden. The Saudis will ...

Alternative Energy

Why This Tea Party Leader Is Seeing Green on Solar Energy

As a founder of the Tea Party movement, Debbie Dooley may be an unlikely advocate for renewable energy. But in an e360 interview, she explains why she is breaking ranks with fellow conservatives and promoting a Florida ballot initiative that would allow homeowners to sell power produced by rooftop solar. by diane toomey Debbie Dooley’s conservative credentials are impeccable. She was one of the founding members of the Tea Party movement and continues to sit on the board of the Tea Party Patriots. She also serves as chairperson of the Atlanta Tea Party. But on the issue of solar power, Dooley breaks the mold. To the consternation of some of her fellow conservatives, she has teamed up with the Sierra Club and other environmental organizations, first in Georgia and now in Florida, to form the Green Tea Coalition. It’s an unlikely ...

Ready for the Revolution thumbnail

Ready for the Revolution

Once aggrandizers are given an inch of leeway under favorable resource conditions, they quickly stretch that inch into a mile and keep on going. — Brian Hayden Once upon a time, there lived the ancestral apes that gave rise to humans, chimpanzees and bonobos. In all likelihood, they lived in bands dominated by the strongest, most aggressive individuals — the male alphas. This tends to produce a rather disagreeable state of affairs where anyone can be humiliated or brutalized at any moment, and the best food and most mates go to just a few. Even baboons would rather opt out when the opportunity arises! In addition, our growing brains demanded the fats found only in scarce meat which the alphas commandeered. Evolution snaked forward. The chimps pretty much put up with the true and tried. Bonobos evolved out of this unpleasant arrangement into an ...

Geopolitics and Oil Prices: Between A Rock and a Hard Place thumbnail

Geopolitics and Oil Prices: Between A Rock and a Hard Place

Oil traders appear to be hedging themselves against a possible deal between the West and Iran on the nuclear question but doing so misses the increasingly complex forces at play today in oil geopolitics. A Saudi analyst with close ties to the Saudi government issued a clear and effective description of the new Saudi government’s foreign policy doctrine in today’s Washington Post, and it clearly indicates a warning about a wider Sunni-Iranian war across the Middle East. If Tehran and Moscow were counting on the kingdom to be disorganized in the face of a succession transition, this new op ed should shed any doubts about the new government’s seriousness of purpose. The Saudi royal family rallied around a clean and clear succession announcement last January and it looks likely the same unified internal coalition is ready and willing to implement ...

Iran nuclear deal to see $20 oil if Tehran floods crude market thumbnail

Iran nuclear deal to see $20 oil if Tehran floods crude market

Flights to Tehran from Dubai have been crammed in recent months with Western executives flooding into the Iranian capital ahead of a potential lifting of economic sanctions. Potentially one of the Middle East’s biggest economies, Iran has been frozen out by the West over its refusal to give up its aspirations to become a nuclear power. But a binding deal that would bring the Islamic state in from the cold appears tantalisingly close as negotiators thrash out terms in talks being held in Lausanne, Switzerland, over the weekend. In terms of commodities, the biggest impact that a resumption of normal economic relations with Iran will open up is in the oil industry. Tehran is a sleeping oil giant, which has been frozen out of international markets and denied access to key technology and investment that could lead to a massive surge in ...

Apple’s Electric Car thumbnail

Apple’s Electric Car

Recent rumours that suggest Apple may be working on an electric car have inspired the website carwow to produce some concept images of what the vehicle may look like. Speculation that Apple may be in talks to purchase electric vehicle manufacturer Tesla Motors inspired the illustrations to have a similar resemblance. Apple obviously has the capabilities to produce such a vehicle, so we’ll just have to wait and see if the rumours prove valid. An electric vehicle would certainly fit Apple’s image. Scroll down for the photos. The concept photos feature a futuristic interior, large navigation displays, a separate front passenger screen, and of course, a center-mounted iPhone docking station. We can only assume an Apple car would be focused on multimedia. The idea also suggests some sort of autonomous driving capabilities and incorporated apps throughout. Some imagined specifications include: 250 horsepower 400 ...

Arab Leaders Agree to Form Unified Military Force thumbnail

Arab Leaders Agree to Form Unified Military Force

Arab chiefs of staff will work out the details of the joint force, Egyptian President Abdel-Fattah El-Sisi said in announcing the decision at an Arab League meeting in Sharm El Sheikh, Egypt. League Secretary General Nabil El-Arabi said the military chiefs will be invited to meet within a month, and a specific timetable will be set to map out the force’s formation. “We will work together to develop collective mechanisms necessary to protect Arab national security,” El-Sisi said. The decision capped a two-day session in the Red Sea resort town dominated by the Yemen crisis, chaos in Libya and the mounting threat posed by militants. The idea has long been touted by Arabs, though regional rivalries have repeatedly stymied efforts to set up such a force among the league’s 22 member nations. El-Sisi has been promoting the idea for months, in part amid ...

The Biochar Moment thumbnail

The Biochar Moment

""You want to be a billionaire? Solve a billion-person problem."  -- Peter Diamandis"   photo by Doug Clayton We are meeting with government officials of X country. X has a serious dilemma, one which is not uncommon in this era, and which will become the norm for most countries very soon. X is throwing vast sums — 60 billion this year — into finding oil. It does not consider the dilemma of what happens if it finds the oil and then cannot drill and sell it because to do so would be counterproductive to survival of life on the planet. It does not consider what might happen if it were extraordinarily lucky in its exploration and happened upon such great wealth that it attracted the interest of militarily powerful and ambitious neighbors. It does not consider the potential downside of a boom and bust cycle a ...

Kurdistan has world’s 8th oil and gas reserves thumbnail Kurdistan has world’s 8th oil and gas reserves
DOR Organization for Kurdistan Oil and Gas Information has recently published a report about ...
Saudi Arabia wants nuclear weapons thumbnail Saudi Arabia wants nuclear weapons
Saudi Arabia will not rule out building or acquiring nuclear weapons, the country’s ambassador ...
Fukushima — A litany of failures costing hundreds of millions thumbnail Fukushima — A litany of failures costing hundreds of millions
Four years after the earthquake and resulting tsunami that killed 18,000 people and destroyed ...
Assessing our rapidly changing world of energy thumbnail Assessing our rapidly changing world of energy
Stanford University's Sally Benson long ago became involved with research about carbon capture and ...

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Attorneys chosen to lead AG’s Native American Issues Subcommittee #peakoil dragplus.com/post/id/289692…

Native American cuisine in the spotlight - Tahlequah Daily Press: News #peakoil dragplus.com/post/id/289539…

#peakoil Love In The Age of Ecological Apocalypse: Love In The Age of Ecological Apocalypse: Cultivating The R... bit.ly/1MqYCkO

#peakoil The global oil price drop may last for the next couple decades: Stanford economist Frank Wolak says t... bit.ly/1MqYCB3

#Arabs understand #usury + #peakoil -> ruin. @PMHarper taking us to war to protect banker/drug lords from Canadians. @tomflem @Chuckw12