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"It is not possible to continue infinite consumption and infinite population growth on a finite planet.”
-- Michael Ruppert, WSJ, 4/11/09


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“King Coal” Is Dying; Prince Oil & Gas Is Next thumbnail

“King Coal” Is Dying; Prince Oil & Gas Is Next

First they came for the Socialists, and I did not speak out– Because I was not a Socialist. Then they came for the Trade Unionists, and I did not speak out– Because I was not a Trade Unionist. Then they came for the Jews, and I did not speak out– Because I was not a Jew. Then they came for me–and there was no one left to speak for me.  -Martin Niemöller Several years ago, during a period of time when some in the oil and natural gas industry were engaging various environmentalist organizations in discussions on how to promote and better regulate natural gas as a fuel for power generation, a very wise man took me aside and said, “Don’t kid yourself.  These groups are focused on killing coal right now, but once they’re done with them, they’re coming after us.” Now that ...

Has crude oil production already peaked? thumbnail

Has crude oil production already peaked?

"Wait a minute," you must be saying. "Haven't we been hearing from the oil industry and from government and international agencies that worldwide oil production has been increasing in the last several years?" The answer, of course, is yes. But, the deeper question is whether this assertion is actually correct. Here is a key fact that casts doubt on the official reporting: When the industry and the government talk about the price of oil sold on world markets and traded on futures exchanges, they mean one thing. But, when they talk about the total production of oil, they actually mean something quite different--namely, a much broader category that includes all kinds of things that are simply not oil and that could never be sold on the world market as oil. I've written about this issue of the true definition of oil before. But Texas ...

Out of control: Fukushima manager admits to ‘embarrassing failure’ thumbnail

Out of control: Fukushima manager admits to ‘embarrassing failure’

The manager of the stricken Fukushima nuclear power plant has admitted not having full control of the facility. Contrary to the statements of the Japanese PM, TEPCO’s Akira Ono said attempts to plug the leaks of radioactive water had failed. Image: Fukushima Plant (Wiki Commons). “It’s embarrassing to admit, but there are certain parts of the site where we don’t have full control,” Ono told reporters touring the plant this week, reported Reuters. Last year, the Japanese PM attempted to assure the world that the situation at the stricken nuclear power plant was under control. However, over the last couple of months the clean-up procedure at the plant has been fraught with difficulties. Tokyo Electric Power Co (TEPCO), the plant’s operator, has consistently faced contaminated water leaks at the Fukushima plant. Water has to be pumped over the facilities stricken reactors in order to keep ...

General Ideas

Peak Oil: Facts Aren’t Optional

Part of the problem with rising oil prices is that they radiate through the economy in many ways: in higher food prices, because oil is used to produce and transport food; in higher metal prices, because oil used in metal production; and in higher  finished products, such as automobiles and new homes, because they use oil in their production. With wages not rising sufficiently, as oil prices rise, workers find they need to cutback on discretionary goods. The result is recession and job layoffs…. The flip side of this issue is that without wages rising as fast as the cost of oil extraction, it is hard for the selling price of oil to rise high enough to provide an adequate profit margin for oil producers. It is inadequate oil prices for oil producers that seem to be the current problem. (links ...

Alternative Energy

A solar powered hydrogen reactor, a true game changer?

Menlo Park based technology firm Solar Hydrogen Trends, Inc. (http://www.solarhydrogentrends.com) today announced that it has revolutionized the world of energy production with their invention of the world’s first hydrogen reactor for the production of unlimited hydrogen (patent pending). The hydrogen reactor uses water as a main fuel and is 100% carbon free. The groundbreaking technology can be used as hybrid solution for energy savings up to 95% when coupled with coal, natural gas, gasoline, biofuels, diesel power plants or incinerators (three to five times cheaper than coal power plants – two to three times cheaper than nuclear, WITHOUT hazards to the environment). In addition, the reactor can be coupled for production of amplified energy output with Hydropower, Solar or Wind farms in peak hours. Jack Aganyan, Founder and President of Solar Hydrogen Trends commented that “This is a critical step in the ...

Harold Hamm: The Billionaire Oilman Fueling America’s Recovery thumbnail

Harold Hamm: The Billionaire Oilman Fueling America’s Recovery

Harold Hamm has transformed the U.S. oil industry like no one since John D. Rockefeller, while helping to keep domestic prices low — and making himself a $17 billion fortune. The great domestic energy boom, he says, is just beginning.  Two Scotches in, with seats on the floor of Oklahoma City’s Chesapeake Energy CHK +2.47% Arena, Harold Hamm is feeling good. And why not? His hometown Thunder is spending the evening whupping the Philadelphia 76ers. Earlier Hamm announced big bonuses for Continental Resources CLR +1.9% employees, courtesy of record oil production. And a judge’s ruling, revealed that morning, in Hamm’s divorce case suggested the energy tycoon would keep the Continental shares he already owned when he married soon-to-be-ex Sue Ann Hamm 26 years ago. With that chunk of stock, encompassing about $16 billion out of his $16.9 billion fortune, Hamm ...

What Oil War Premium? thumbnail

What Oil War Premium?

Central bank's ongoing and so-far-successful efforts to crush short-term volatility and encourage hapless individuals into the world's nominally rising stock markets has had consequences. Inequalities abound (rich vs poor, corporate profits vs capex/jobs, bond yields vs growth hopes) but nowhere else is this more evident - given the ever-increasing crescendo of the drum-beat of war around the world - than in oil price volatility. As the chart below shows... oil price volatility is at its lowest in 21 years. We can't help but be reminded of Taleb's priceless phrase that "there is no freedom without noise - and no stability without volatility."     This constant suppression of short-term volatility can lead to only one thing... The Black Swan of Cairo How Suppressing Volatility Makes the World Less Predictable and More Dangerous Complex systems that have artificially suppressed volatility tend to become extremely fragile, while at ...

Enviroment

North Dakota oil boom keeps getting the wrong kind of attention

Despite already dealing with a slew of issues ranging from a housing shortage to an increasing crime rate, North Dakota officials now have another problem grabbing headlines: illegal dumping. On May 11, several news outlets reported that 200 hundreds bags of radioactive material were found in an abandoned building in Noonan, a small northwest town in North Dakota. It is likely the largest case of illegal dumping in state history, twice the size of the amount found in Watford City three week earlier. Continental Resources, one of the largest Bakken producers, immediately cut ties with RP Services LLC, the company state officials blamed for the Watford City dump. The bags were filled with filter socks, or oil socks, which are made from absorbent material and used to filter waste water. Luckily, there’s not enough radiation emitted by the socks to be truly harmful. According ...

Production

Russia ships first oil from offshore Arctic platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share. Gazprom Neft, the oil arm of Russia's top gas producer Gazprom, shipped the first 70,000 tonnes of oil by tanker from the Prirazlomnoye platform, the site of a protest by 30 Greenpeace activists who were arrested last year. The launch of oil production in the Arctic, seen by Russia as one of the key sources in the gradual replacement of output from its depleted West Siberian fields, has long been delayed due to cost overruns and technical difficulties. "This, in essence, is the beginning of great and large-scale extraction of minerals and oil by our country in the Arctic," Putin said, speaking from his residence outside Moscow via a video link with workers at the ...

The Age of Diminishing Returns thumbnail

The Age of Diminishing Returns

The Earth’s Mineral Supplies: The Age of Diminishing Returns A Q&A with Ugo Bardi, author of Extracted: How the Quest for Mineral Wealth is Plundering the Planet   Q: Which of the rare earth minerals that fuel our industrial system are most likely to be depleted first (at current mining levels)? Are there any resources that we’ve already depleted beyond acceptable levels? Ugo Bardi: We need to understand that “depletion” is a relative term. Nothing ever disappears from the Earth's crust: everything we extract still exists, but once extracted it is widely dispersed—in products, in waste streams, and even in our land, air, and water.  The problem that we are facing is that most minerals become gradually more expensive to extract because high-grade ores are progressively depleted. The final result is that we are entering an age of diminishing returnsin the production of mineral ...

Consumption Is This The End Of China’s Coal Boom?
“The End Of China’s Coal Boom,” is a new, must-read chart-filled report from Greenpeace. ...
Michael C Ruppert staged suicide? thumbnail Michael C Ruppert staged suicide?
Play Video
When news hit the headlines of a suicide of Michael Ruppert a renowned whistleblower, ...
Norwegian Crude Oil Reserves And Production Per 2013 thumbnail Norwegian Crude Oil Reserves And Production Per 2013
In this post I present actual Norwegian crude oil production and status on the ...
Kansas oil production jumps; natural gas continues decline thumbnail Kansas oil production jumps; natural gas continues decline
Oil production in Kansas took another leap in 2013, rising 7.2 percent from the ...

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#peakoil “King Coal” Is Dying; Prince Oil & Gas Is Next: First they came for the Socialists, and I did not spe... bit.ly/1hWaASS Retweeted by One-Off Ireland

#peakoil Has crude oil production already peaked?: “Wait a minute,” you must be saying. “Haven’t we been heari... bit.ly/1ljYxO3 Retweeted by One-Off Ireland

#peakoil “King Coal” Is Dying; Prince Oil & Gas Is Next: First they came for the Socialists, and I did not spe... bit.ly/1hWaASS