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News from May 2011

Saudi Arabia, UAE funded jihadi networks in Pakistan: Wikileaks cable

Saudi Arabia, UAE funded jihadi networks in Pakistan: Wikileaks cable thumbnail

Islamic charities from Saudi Arabia and the United Arab Emirates financed a network in U.S. ally Pakistan that recruited children as young as eight to wage holy war, a local newspaper reported on Sunday, citing Wikileaks. A U.S. diplomatic cable published by WikiLeaks said financial support estimated at $100 million a year was making its […]


The peasant revolt

The peasant revolt thumbnail

Has our society become so obsessed with economic growth that people have become a commodity? Two items in my morning newspaper strongly suggest the answer to be an emphatic, shameful YES. The first is a national story about how smuggling people across the Mexico/US border has become a billion dollar business. The Associated Press story […]


Sudan’s Oil-Rich Abyei ‘ablaze’ after capture by north

Sudan’s Oil-Rich Abyei ‘ablaze’ after capture by north thumbnail

Sudan’s disputed border town of Abyei is ablaze, with gunmen looting properties days after troops from the government in Khartoum entered the area, UN peacekeepers say. The peacekeepers belonging to UNMIS, the UN mission in Sudan, said on Monday that the burning and looting was perpetrated “by armed elements” but it was not clear whether they […]


Peak Oil’s Impact: College Graduations

Peak Oil’s Impact: College Graduations thumbnail

I am now the very proud father of a college graduate (a wonderful young woman who completed her four-year curriculum in only three years—impressive!—and has now returned to the Boston area). I could not be more delighted or happier for her! Last week, I flew to New Orleans to attend her graduation, and stayed there […]


Kunstler: Get Real

Kunstler: Get Real thumbnail

Americans gathered around the hearth of CBS’s 60 Minutes must have been bemused to hear reporter Scott Pelley announce self-importantly that the US Department of Justice is investigating Lance Armstrong’s bicycling team for performance-enhancing drug use. Does it really matter if any pro athlete takes drugs? Why not throw Babe Ruth out of the Baseball […]


Japan eyeing plan for solar panels on all new buildings

Japan eyeing plan for solar panels on all new buildings thumbnail

Japan, seeking to promote renewable energy as it struggles with the world’s worst nuclear crisis in decades, may this week announce a plan to make solar panels compulsory on the roofs of all new buildings by 2030, the Nikkei newspaper said on Sunday. The plan may be included in a statement on energy policy by […]


ASPO-USA Asks: “What Are We Missing?”

ASPO-USA Asks: “What Are We Missing?” thumbnail

There are so many challenges facing us as a result of Peak Oil and related issues that it is easy to miss something important. ASPO-USA asked more than 50 leaders on Peak Oil to share what they felt was the most critical issue we’ve all been missing, the thing every one of us should be […]


Platts China demand figures: “only” up 8.3%

Platts China demand figures: “only” up 8.3% thumbnail

China’s apparent oil demand* in April reached 38.36 million metric ton (mt) or an average of 9.37 million barrels per day (b/d), marking an 8.3% increase from April 2010 due to increased demand during the spring sowing season, according to a Platts analysis based on recent figures published by the Chinese government. Apparent oil demand […]


Nymex Trader Says Oil Prices Have Gone ‘Just Nuts,’ Blames Goldman

Nymex Trader Says Oil Prices Have Gone ‘Just Nuts,’ Blames Goldman thumbnail

Dan Dicker could be forgiven if he hooted in vindication as crude plunged 15 percent in the first week of May. He concluded long ago that petroleum prices have become “just nuts,” as he says in “Oil’s Endless Bid.” Oil markets are defying the normal laws of supply and demand, he argues in this timely […]


British Government Faces Up To Peak Oil

British Government Faces Up To Peak Oil thumbnail

The UK Secretary for Energy and Climate Change, Chris Huhne, has committed to establish an “Oil Shock Response Plan” to cope with some of the consequences of peak oil. While there remains dissent as to the facts of peak oil, a growing body of experts think that the phenomenon will occur at some point during […]


The JODI-EIA Divergence

The JODI-EIA Divergence thumbnail

This is a follow-up on a discussion started by Darwinian (Ron) in the Drumbeat (here and here) that I think is significant and deserving more eyes. Lately, looking at the EIA data we have seen new production records in all the categories (see post by Gail here for a discussion): Figure 1. World production (EIA […]


ASPO Crude Oil Price Forecast and Investment/Hedging Strategies – Erik Townsend

ASPO Crude Oil Price Forecast and Investment/Hedging Strategies – Erik Townsend thumbnail

Presentation Details: Title: 2804_12:00_Crude Oil Price Forecast and Investment/Hedging Strategies_Erik Townsend Date: Thursday, April 28, 2011 Time: 10:01 AM RDT Duration: 00:32:48 Link: ASPO Crude Oil Price Forecast and Investment/Hedging Strategies – Erik Townsend The 9th ASPO conference is the only international conference exclusively dedicated to fossil fuel depletion and its economic and social consequences. Providing […]


Iraq to import Iran’s natural gas

Iraq to import Iran’s natural gas thumbnail

Iraq’s ministry of electricity says Iraq has signed an initial agreement with the Islamic Republic to import 25 million cubic meters of natural gas a day for power generation. A spokesman for the Iraqi ministry of electricity said on Sunday that under the terms and conditions of the memorandum of understanding, Iraq will buy the […]


Rossi energy catalyst – a big hoax or new physics?

Rossi energy catalyst – a big hoax or new physics? thumbnail

As a professor in physics I have been asked to comment on what “Ny Teknik” (a weekly newspaper on technology in Sweden) called “Rossi’s energy catalyst” and it will be a pleasure to do so because I will have to revisit my skills from the time when I was doing research on various nuclear reactions. […]


Dmitry Orlov: Making the Best Use of your Energy Elves

Dmitry Orlov: Making the Best Use of your Energy Elves thumbnail

Presented on May 21 at the Northern California Eco-fest


20 terabecquerels of radioactive materials flowed out to Pacific

20 terabecquerels of radioactive materials flowed out to Pacific thumbnail

Tokyo Electric Power Co. said Saturday that 250 tons of water tainted with about 20 terabecquerels of radioactive substances leaked into the Pacific Ocean from a pit near the seawater intake for the No. 3 reactor at the troubled Fukushima No. 1 plant earlier this month. While the figure is far lower than the 4,700 […]


Models of Community: Alternatives to Corporate America

Models of Community: Alternatives to Corporate America thumbnail

As I have often observed, the majority of America’s household income flows to a handful of corporate cartels protected by the Central State. Most of the mortgage payments flow to the “too big to fail” banks. Most of the telecom payments flow to the few companies in the telecom cartel. Most of the energy money […]


Hedge Farm! The Doomsday Food Price Scenario Turning Hedgies into Survivalists

Hedge Farm! The Doomsday Food Price Scenario Turning Hedgies into Survivalists thumbnail

On the rare occasion that New Yorkers talk about farming, it’s usually something along the lines of what sort of organic kale to plant in the vanity garden at the second house in the Adirondacks. But on a recent afternoon, The Observer had a conversation of a different sort about agricultural pursuits with a hedge fund manager […]


Shell moving ahead with Prelude floating LNG project

Shell moving ahead with Prelude floating LNG project thumbnail

Shell moving ahead with Prelude floating LNG project May 20, 2011 , Rick Wilkinson , OGJ Correspondent MELBOURNE, May 20 — Shell Australia has given the green light to its Prelude floating LNG (FLNG) project in the Browse basin off Western Australia. The company announced its final investment decision on May 20 in Perth. Prelude […]


Once upon a time a peak oil aware candidate ran for president of the United States

Once upon a time a peak oil aware candidate ran for president of the United States thumbnail

The unsavory collection of clowns, hucksters, frauds and charlatans currently running for president makes me long for a time when serious-minded people who care about the long-term stability and sustainability of their country actually had a viable candidate to support. The fact that it has been over three decades since there has been such a […]


Saudi Oil Output Rises by 7.3% in First Quarter, Al Rajhi Says

Saudi Oil Output Rises by 7.3% in First Quarter, Al Rajhi Says thumbnail

Saudi Arabia, the world’s largest crude exporter, increased its daily oil output by 7.3 percent year-on-year in the first quarter to replace a fall in output from other OPEC member countries, Al Rajhi Capital said in a report. The investment arm of Saudi Arabia’s largest lender by market value said today that it expects the […]


Less than 50 Years of Oil Left, HSBC Warns

Less than 50 Years of Oil Left, HSBC Warns thumbnail

The world may have no more than half a century of oil left at current rates of consumption, while surging demand from the developing world threatens to create “very significant price rises” before substitutes like biofuels can serve as viable alternatives, the British bank HSBC warns in a new report. “We’re confident that there are […]


Fukushima Update: A Very Bad Situation

Fukushima Update: A Very Bad Situation thumbnail

Well, it now turns out that many of my worst fears about Fukushima have been confirmed with the news that TEPCO has finally admitted that Reactor #1 has experienced a meltdown event that may have breached the primary containment vessel. Further, truly alarming levels of radiation are now being reported in and around Tokyo. The […]


How to Develop a ‘Peak Oil’ Business Plan

How to Develop a ‘Peak Oil’ Business Plan thumbnail

The world currently finds itself in the position of a man standing in a road who has just noticed two large trucks bearing down on him. These metaphorical trucks are labelled Peak Oil and Global Warming. However, despite increasing evidence and clearer definitions of the risks, collectively we have been remarkably reluctant to move out […]


Contamination: The totalitarian strategy of the GMO crop industry

Contamination: The totalitarian strategy of the GMO crop industry thumbnail

Certainly, many of us know people who say (wrongly) that nowadays everything causes cancer. This view becomes a justification for making no effort to avoid carcinogens, especially in food. It is a case of learned helplessness that becomes a major public relations weapon for creating and maintaining docile populations. Make people feel powerless. Then, even […]


UK Government to develop Oil Shock Response Plan

UK Government to develop Oil Shock Response Plan thumbnail

Energy and Climate Change Secretary Chris Huhne yesterday agreed to develop an ‘Oil Shock Response Plan’, following a meeting with the UK Industry Taskforce on Peak Oil and Energy Security (ITPOES). The group, which was formed by Arup, B&Q, Buro Happold, Solarcentury, SSE, Stagecoach and Virgin, and campaigns for greater awareness of the economic threat […]


The Fukushima meltdown was always worse than thought

The Fukushima meltdown was always worse than thought thumbnail

SP at TOD ANZ has a look at the failure of the nuclear power zealots at “Brave New Climate” to provide accurate or unbiased commentary when looking at the Fukushima disaster – Fukushima was always worse than thought. While a prominent Australian based pro nuclear site went in hard and fast (prematurely) extolling the safety […]


Why Oil Speculation Is Actually Necessary

Why Oil Speculation Is Actually Necessary thumbnail

The downswing in oil prices over the past two weeks has once again introduced supply/demand questions while, at the same time, renewing suspicions that speculation is the cause of oil pricing instability. Discussion of the supply/demand question usually gravitates to the “peak oil” debate: How much oil is left, and when will the markets conclude […]


Wind power affects US electricity prices “less than one per cent”

Wind power affects US electricity prices “less than one per cent” thumbnail

US utilities have rubbished claims that adding renewable energy generation to their portfolios will cause domestic energy bills to “skyrocket”, revealing that a series of studies have shown that in most cases renewable energy projects result in price increases of just a fraction of a per cent. A report by the Minnesota Free Market Institute […]


Peak…Everything

Peak…Everything thumbnail

We are all familiar with all the hullabaloo in recent years over Peak Oil.  Dozens of books and websites devoted an enormous about of space to scaring the pants off of us. In a few years, we would be all be sitting in a dark, cold room without access to “Dancing with the Stars”.  Man […]


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@terrymorse @gianlucatdc @BrankoMilan @ClubOfRome Probably because they know they are running out of coal. Let's cross our fingers for their success... #PeakCoal #PeakOil

test Twitter Media - @terrymorse @gianlucatdc @BrankoMilan @ClubOfRome Probably because they know they are running out of coal. Let's cross our fingers for their success...  #PeakCoal  #PeakOil https://t.co/91qHT3vAbJ

@terrymorse @gianlucatdc @BrankoMilan @ClubOfRome What evidence ? The only way we've found to reduce fossile fuels consumption has been #Degrowth periods usually called recessions. In Greece for example they are experiencing the harshest chaotic degrowth. And its costs are not fairly shared. #Peakoil

test Twitter Media - @terrymorse @gianlucatdc @BrankoMilan @ClubOfRome What evidence ? The only way we've found to reduce fossile fuels consumption has been #Degrowth periods usually called recessions. In Greece for example they are experiencing the harshest chaotic degrowth. And its costs are not fairly shared.  #Peakoil https://t.co/WGluUZULlo