Buried in an article on Gulf of Mexico scenarios and predictions, Joel Achenbach of the Washington Post quotes Matthew Simmons, founder and chairman emeritus of Simmons & Company International. In response to a tropical storm brewing in the Caribbean, Simmons says: “We’re going to have to evacuate the gulf states. Can you imagine evacuating 20 […]
There are some that think that BP has drilled into an deep-core oil volcano that cannot be stopped, regardless of the horizontal drills the company claims will stop the oil plume in August. Geologist, Chris Landau, for instance, has called for a showing of the mudlogs. A mudlog is a schematic cross sectional drawing of […]
Peaceful citizens were killed not by bullets fired by terrorists or the occupation forces but by government bullets and this comes at a time when the country has not been able to extricate itself from a political labyrinth to learn who will be the country’s next Prime Minister. Iraq’s parliament has been unable to take […]
Many businesses, retail for instance, rely on thousands of 1st tier suppliers and those chains may go back to Asia, where there’s a lot of uncertainty over energy supply because of booming demand. Outages are likely to be more frequent. Businesses can, for instance increase efficiency within their buildings and their operations. And there are […]
ur economies rely on cheap oil. When its cost goes up, we lose stability. One of the things that is expected to happen if future oil production falls is that we will pay more to supply ourselves. Whether the world has already reached that so-called ‘peak oil’ point is disputed, notably by the big energy […]
Excerpts from the film A Crude Awakening highlighting the fact of local peak oil and the likelihood that global peak is either close or already here.
Natural gas is regarded as a relatively environmentally friendly way of generating electricity. Gas burns cleanly without many of the problems associated with coal. Coal is a chemically complex substance. When it is is burnt, it releases oxides of sulphur (SOx) and nitrogen (NOx), traces of mercury, selenium and arsenic, as well as particulates, and […]
Latest Interview WPIX-TV Morning News NYC, 23rd July 2010
Even more oil was gushing into the Gulf of Mexico on Wednesday after an undersea robot bumped a venting system, forcing BP to remove the cap that had been containing some of the crude. It was yet another setback in the nine-week effort to stop the gusher, and it came as thick pools of oil […]
In a paper published last year, Prof. Boyce offers a devastating analysis of peak oil theory. Obviously, he wrote, any finite commodity can ultimately “peak,” assuming accumulative consumption exceeds accessible reserves and keeps rising. But crude oil itself has already peaked – at least five times since 1950, Prof. Boyce says – without beginning to […]
So there is plenty of oil and gas after all. Prices will bumble along gently until well into the next decade. We are becoming more efficient in our use of energy, with 3pc extra savings annually. That is a faster pace than the rising real cost of fuel. Mankind will not run out of fuel […]
Brazil’s state-controlled oil firm Petrobras said on Tuesday it had discovered an unknown quantity of crude oil in the so-called subsalt region around the offshore Campos Basin. The oil was found 81 miles (130 kilometers) from Rio de Janeiro state’s coastline and lies at a depth of 4,536 meters and below waters just over a […]
As much as 1 million times the normal level of methane gas has been found in some regions near the Gulf of Mexico oil spill, enough to potentially deplete oxygen and create a dead zone, U.S. scientists said on Tuesday. Texas A&M University oceanography professor John Kessler, just back from a 10-day research expedition near […]
The notion that the world is approaching “Peak Oil” is just not supported by the facts. We may still be getting closer to a peak, but the world has far more untapped oil than anyone could have imagined 10 years ago. Rising oil production and slumping demand yielded a predictable result. “Oil prices declined for […]
With water shortages constraining food production growth, the world needs an effort to raise water productivity similar to the one that nearly tripled land productivity over the last half-century. Since it takes 1,000 tons of water to produce 1 ton of grain, it is not surprising that 70 percent of world water use is devoted […]
“I think some models starting in the next 5 years will bring some hundreds of megawatts to the European market,” Oettinger told Reuters after a meeting with energy ministers from Algeria, Morocco and Tunisia. He said those initial volumes would come from small pilot projects, but the amount of electricity would go up into the […]
Candor does require that we admit, much as we might wish otherwise, there are no known technologies that can move us off petroleum for the next 20, or even 30 years. While we may be able to find green sources of energy to power our homes and factories in the future, nuclear, solar or wind, […]
As the oceans get warmer, they expand and take up more space, causing the sea level to rise. In addition, the land-based ice that already is melting — including mountain glaciers, the Greenland ice field, and even the western Antarctic ice sheet — will add volume to the ocean. He acknowledged considerable uncertainty over the […]
Iran has discovered 2.19 trillion cubic feet of in-place natural gas reserves in the Islamic state’s northwest, an Iranian newspaper reported on Sunday. Kayhan daily quoted managing director Ahmad Qalebani of the National Iranian Oil Company as saying the discovery took place in the existing field of Toos. The development of the new reserves would […]
An internal BP document released by the chairman of the Energy and Environment Subcommittee in the House Energy and Commerce Committee, Ed Markey, discloses what the vast majority already know – that a “worst case” gusher scenario could be as high as 100,000 barrels of oil per day. According to an exhibit discussing flow rate […]
Until now, oceanographers have subscribed to the overarching view that a conveyor belt-like system circulates the ocean waters from the poles to the equator and back again. Scientists have known that this was an oversimplification, and new research is showing where the ocean superhighway takes some unexpected twists and turns. Scientists have found evidence that […]
Why did current CEO of BP Tony Hayward dump approximately one-third of his BP stocks before the oil crisis? Why did Goldman Sachs dump a hefty 44% of its BP stock prior to, particularly given that Peter Sutherland was formerly CEO of both BP and Goldman Sachs at the same time? What are the odds […]
The debate about “peak oil” is certain to continue, but Michael Klare, a professor of peace and world security studies at Hampshire College in Massachusetts, says we are now entering the era of “tough oil”. As he describes it in his book Rising Powers, Shrinking Planet: The New Geopolitics of Energy (Holt Paperbacks, 2009), ”easy […]
Americans are on the path toward blackouts and gas lines, and the federal government’s tools to prevent it are broken. And John Hofmeister, the former Shell executive who made this prediction at a World Affairs Council breakfast on Friday, said he’s an optimist. Some of his energy industry friends expect worse, he said. “Within a […]
Prices offered for black tiger shrimp have reached $13 per kilo, an increase of 30 percent over 2009 levels and the highest price seen in ten years. Hot weather and decreased production in competing countries are also pushing prices up. An epidemic has killed 80 percent of Indonesia’s farmed shrimp, and 20 percent in Thailand […]
Britain has doubled rig inspections. Bulgaria scrapped plans for a new oil pipeline. Chinese and French oil giants are upgrading equipment and procedures designed to prevent spills. As oil continues to gush into the Gulf of Mexico, nations around the globe are taking a cue from this cautionary tale and ratcheting up their oversight of […]
Permaculture is a word originally coined by Bill Mollison and David Holmgren in the mid 1970’s to describe an “integrated, evolving system of perennial or self-perpetuating plant and animal species useful to man” ‘Consciously designed landscapes which mimic the patterns and relationships found in nature, while yielding an abundance of food, fibre and energy for […]
Oil and gas production in Russia will start declining gradually after 2011 if the government does not change laws to stimulate geological exploration, LUKoil head Vagit Alekperov said on Wednesday. “The production will reach its peak in 2010-2011, and then it will face a gradual slowdown caused by a total absence of incentives in that […]
This distressing line of thought occurred to me recently as I was finishing James Howard Kunstler’s beautifully written post-oil novel, A World Made by Hand. I spotted not a single bicycle in its 317 pages. Why? Because in the novel the roads upon which one might ride are crumbling beyond passable. These roads are navigable […]
An internal BP document released on Sunday by a senior U.S. congressional Democrat shows that the company estimates that a worst-case scenario rate for the Gulf of Mexico oil spill could be about 100,000 barrels of oil per day. The estimate of 100,000 barrels (4.2 million gallons/15.9 million liters) of oil per day is far […]
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