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News from December 2010

Baby Boomers, a ‘Gift from God’ (i.e. cheap energy) and Parenting

Baby Boomers, a ‘Gift from God’ (i.e. cheap energy) and Parenting thumbnail

Baby Boomers are perhaps the most doting parents in history. Never before has so much attention been paid to child rearing, child psychology and related issues. You don’t see many books on parenting written prior to the mid-1900s. In contrast, generations of parents prior to the Baby Boomers enforced harsh forms of punishment on their […]


Americans using 8% less gasoline than 2006 peak, will never go up again

Americans using 8% less gasoline than 2006 peak, will never go up again thumbnail

The world’s biggest gas-guzzling nation has limits after all. After seven decades of mostly uninterrupted growth, U.S. gasoline demand is at the start of a long-term decline. By 2030, Americans will burn at least 20 percent less gasoline than today, experts say, even as millions of more cars clog the roads. The country’s thirst for […]


The Peak Oil Crisis: The Time of the Demagogues

The Peak Oil Crisis: The Time of the Demagogues thumbnail

The transition from 200 years of cheap and plentiful fossil fuels to an era without will go through many phases as it gradually dawns on the body politic what is happening. A few weeks ago Virginia’s U.S. Senator Mark Warner noted that the global warming debate was not so much a scientific one as it […]


Venezuela May Sell Citgo

Venezuela May Sell Citgo thumbnail

KRIS-TV, updated 11/29/2010 8:47:03 AM ET CARACAS, Venezuela–President Hugo Chavez is promising to build new public housing complexes, boost social programs and renovate the long-neglected Caracas subway – and he needs money. The ambitious plans will squeeze Venezuela’s coffers at a time when oil earnings have slipped and Chavez is sending his foreign allies generous […]


China to the Rescue: Will PetroChina Acquire BP?

China to the Rescue: Will PetroChina Acquire BP? thumbnail

Updated 29 Nov 2010 By Michael Corkery– While it is difficult to know for certain what the Obama Administration believes will be the end game for BP, Deal Journal is pretty sure it isn’t this: A take over by PetroChina, a deal that would give the Chinese oil giant a huge hold on the world’s […]


Simple Thoughts on Risk…and Peak Oil

Simple Thoughts on Risk…and Peak Oil thumbnail

Consider the following… Scenario 1. If you were attending a dinner conference tonight with 100 seats and I told you that 1 of the 100 servings would be poisoned with deadly cyanide, would you eat? Scenario 2. If I told you there was a 1 in 100 probability that the bus you ride to work […]


Brazil Oil Find May Be World’s 3rd Largest

Brazil Oil Find May Be World’s 3rd Largest thumbnail

Deep-Water Area Off Rio De Janeiro Coast Could Contain As Much As 33 Billion Barrels Of Oil Dec 2010 (AP) A deep-water exploration area off Brazil’s coast could contain as much as 33 billion barrels of oil, the head of Brazil’s National Petroleum Agency said Monday. That would make it the world’s third-largest known oil […]


Top 10 peak oil stories of 2010

Top 10 peak oil stories of 2010 thumbnail

All but forgotten, the BP oil spill brought misery to communities on the Gulf coast and gave America a taste of peak oil. Image: wiselywoven via Flickr. The biggest stories of the year were financial. But you could say that the continuing Great Recession, the deficit debate, and more and more mortgage defaults were really […]


EIA’s forecast is an energy fantasy land

EIA’s forecast is an energy fantasy land thumbnail

The recently released base case that will be used in the coming Annual Energy Outlook 2011 from the U.S. Department of Energy’s Energy Information Administration (EIA) paints a future of cheap and abundant energy for the U.S. economy over the next quarter of a century. But its underlying assumptions are no more credible than those […]


The Power of Community: Faith Morgan and Pat Murphy Interview

The Power of Community: Faith Morgan and Pat Murphy Interview thumbnail

Faith Morgan and Eugene ‘Pat’ Murphy discuss their inspiration making their film, The Power of Community: How Cuba Survived Peak Oil. The film tells of the hardships and struggles as well as the community and creativity of the Cuban people during this difficult time.


Gas prices in Iran went up overnight by 400%

Gas prices in Iran went up overnight by 400% thumbnail

The price of gasoline in Iran rose four-fold on Sunday while a heavy police presence ensured there was no repeat of rioting seen the last time the government restricted access to heavily subsidised fuel. Motorists had been expecting the rise for the last three months as part of President Mahmoud Ahmadinejad’s policy to phase out […]


China to Raise Gasoline Prices by 4%

China to Raise Gasoline Prices by 4% thumbnail

China will raise gasoline and diesel prices tomorrow by as much as 4 percent to reflect international crude costs that have climbed to the highest in more than two years. The price of gasoline will rise by 310 yuan ($47) a metric ton and diesel by 300 yuan a ton, the National Development and Reform […]


U.S. gasoline demand begins long decline

U.S. gasoline demand begins long decline thumbnail

The world’s biggest gas-guzzling nation has limits after all. After seven decades of mostly uninterrupted growth, U.S. gasoline demand is at the start of a long-term decline. By 2030, Americans will burn at least 20 percent less gasoline than today, experts say, even as millions of more cars clog the roads. The country’s thirst for […]


CNN: Global oil reserves

CNN: Global oil reserves thumbnail

Global oil reserves 2:13 CNN’s Guillermo Arduino takes a look at where the world’s oil is coming from.


Robert Rapier: Borrowing For the Present at Our Children’s Expense

Robert Rapier: Borrowing For the Present at Our Children’s Expense thumbnail

This past week my youngest son told me that he wanted to be president when he grows up. I still remember when I felt that way. As a child, I thought “I would make a good president.” I thought I had the qualities that you would want in a president. I was considerate of others, […]


Gail Tverberg: Will 2011 be a rerun of 2008?

Gail Tverberg: Will 2011 be a rerun of 2008? thumbnail

We all remember the oil price run-up (and run back down) of 2008. Now, with prices similar to where they were in the fall of 2007, the question quite naturally arises as to whether we are headed for another similar scenario. Of course, we know that the scenario cannot really be the same. World economies […]


Peak Oil: Objects in Mirror May Be Closer Than They Appear

Peak Oil: Objects in Mirror May Be Closer Than They Appear thumbnail

One of my favorite PowerPoint slides about the peak oil phenomenon comes from the dearly-departed Matt Simmons. The slide depicted a mountain peak in an automobile rearview mirror, the implication being that we would only know for sure when peak oil production has been achieved after it has been achieved and followed by the inevitable […]


The high price we pay for cheap food

The high price we pay for cheap food thumbnail

Not long ago, I was very kindly invited to Buckingham Palace, as a member of Britain’s food industry. Hundreds of very smart foodies turned up, having showered, shaved and left behind their stoves, whisks and knives. It is a funny thing seeing many of your contemporaries in suits and dresses when you’re used to seeing […]


The Stubbornness Of Denial

The Stubbornness Of Denial thumbnail

I suggested that calling out the nonsense from those who deny that we will soon confront the effects of declining oil supplies must continue. Those of us who seek only to inform others have an obligation to share what we know: that we have some energy-related issues on the near-horizon that will require a great […]


Will shale gas turn out to be an energy sink?

Will shale gas turn out to be an energy sink? thumbnail

IIf you externalize the costs of a business activity, it means other people pay the costs–environmental, social and otherwise–and you get the profits. It goes on all the time in extractive industries such as oil and natural gas and mining. And, it is also a natural strategy for manufacturers who dump their pollution into the […]


Peak Oil: The Nuclear Option

Peak Oil: The Nuclear Option thumbnail

Stewart brand discusses the “nuclear option” and his new book Whole Earth Discipline.


BP Oil on Gulf Floor Draws Concern

BP Oil on Gulf Floor Draws Concern thumbnail

Oil from BP PLC’s blown-out well has lodged in the sediment of the Gulf of Mexico at levels that may threaten marine life, according to a federal report released Friday. Heavy contamination from the oil spill is limited to a few locations in the Gulf relatively close to BP’s Macondo well, officials said. Chemical tests […]


Peak Oil And Population Decline

Peak Oil And Population Decline thumbnail

A solution that is sometimes proposed for the dilemma of fossil-fuel decline is a global campaign for the humane implementation of rapid population decline (RPD). With all due respect for the attempt to find a satisfying answer to the question of overpopulation, such a proposal would conflict with the available data on the rate of […]


Peak Empire

Peak Empire thumbnail

As far as the speed of imperial collapse, it varies: Rome took five centuries to collapse but USSR took just a couple of years. Alfred W. McCoy, Professor of History at the University of Wisconsin-Madison, recently wrote: “empires regularly unravel with unholy speed: just a year for Portugal, two years for the Soviet Union, eight […]


How To Boil A Frog,: New Documentary on peak oil

How To Boil A Frog,: New Documentary on peak oil thumbnail

My name is Tanis. I am writing in regards to our new Documentary How To Boil A Frog, it’s a humorous look at peak oil and other global issues made by award wining director Jon Cooksey. We are still seeking distribution and could use all the buzz we can get, please check out our web […]


In Iraq, a new government could be around the corner

In Iraq, a new government could be around the corner thumbnail

Iraq moved a couple of steps closer Saturday to forming a government after a maddening year marked by political squabbling and paralysis. Parliament on Saturday lifted a ban on three politicians who were barred from participating in Iraqi elections because of purported links to Saddam Hussein’s banned political movement — the Baath Party. Incumbent Prime […]


US empire could collapse at any time

US empire could collapse at any time thumbnail

America’s military and economic empire could collapse at any time, but predicting the precise day, week or month of its potential demise is unattainable, according to a former New York Times war correspondent who spoke with Raw Story. “The when and how is very dangerous to predict because there’s always some factor that blindsides you that […]


Did The Price Of Oil Help Cause The Financial Crisis Of 2008? Will Surging Oil Prices Soon Spark Another Financial Crisis?

Did The Price Of Oil Help Cause The Financial Crisis Of 2008? Will Surging Oil Prices Soon Spark Another Financial Crisis? thumbnail

Oil prices are starting to spin out of control once again.  In London, Brent North Sea crude for delivery in February hit 91.89 dollars a barrel on Friday.  New York crude moved above 88 dollars a barrel on Friday.  Many analysts believe that 100 dollar oil is a virtual certainty now.  In fact, many economists […]


Peak Oil: What do we do now?

Peak Oil: What do we do now? thumbnail

Our problem now is that we have built a complex economy that depends on oil and other fuels. We can see that we will have less oil in the future. The question is, “What we should do, in planning for a change in the world?” Our natural reaction is to try to build add-ons to […]


Controversial ‘Fracking’ and Clean Energy Future

Controversial ‘Fracking’ and Clean Energy Future thumbnail

The state of New York may well be the first to impose a limited ban on the controversial drilling method for natural gas called fracking. A moratorium bill has been sent to governor Pateron’s desk, and he has 10 days to decide its fate. So what’s all the hype about? Well, fracking has a lot […]


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