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News from August 2012

Game Over? Or Overtime?

Game Over? Or Overtime? thumbnail

“U.S. shale gas production is projected by EIA to increase over the 2012–2035 period by 3 million barrels of oil equivalent (Mboe) per day (it currently contributes 700,000 Mboe/d, and a recent Harvard study projects the 2020 shale gas potential contribution to be 49 Mboe/d). Much of  that which is not deemed recoverable will also […]


Peak Oil Wars

Peak Oil Wars thumbnail

Educational animation on the world’s depleting oil supply. Created for the Post Carbon Institute. Software Used: Illustrator, After Effects, C4D Company: Monstro Animation Direction and Design: Alexander Perry and Michael Wilson Producer: Dalton Crosthwait Sound Design: Ben Roider


Peak theories ‘trashed’

Peak theories ‘trashed’ thumbnail

PEAK theories – peak phosphorus, peak oil, peak potassium – are, in the words of Mick Keogh, being “trashed by the cold, hard and ruthless rules of economics”.   In a blog post, the Australian Farm Institute’s executive director argued that these peaks were projected on questionable statistics, “and ignore some some basic economics”.   […]


Global energy demand to rise by 35 percent through 2030

Global energy demand to rise by 35 percent through 2030 thumbnail

  JEDDAH – Global energy demand will rise by an average annual rate of 1.2 percent a year through 2030, when the world will be using almost 35 percent more energy than it did in 2005, ExxonMobil said in its “Outlook for Energy : A View to 2030”. Though economic growth drives energy demand, the […]


The race for Arctic oil riches

The race for Arctic oil riches thumbnail

  Danes press ahead with claim on ocean tract as Canada tries to shed light on sea vessels that disappeared in the fabled Northwest Passage Scientists gathering data to underpin a claim by Denmark to a vast Arctic Ocean tract including the North Pole have harvested crucial new information about the seabed. The country is […]


A continental energy strategy? Bring it on

A continental energy strategy? Bring it on thumbnail

Speaking in New Mexico on Thursday, Mitt Romney announced an energy plan that promised energy independence — not for the United States only — but also for Canada and Mexico. “I’m going to establish an energy partnership with Canada and Mexico,” he said. “We need to work together with these guys, work collaboratively. And we […]


Welcome to Dystopia: the dangerous food and energy crises

Welcome to Dystopia: the dangerous food and energy crises thumbnail

Jeremy Grantham, the former chairman and chief investment strategist for the $100 billion funds manager GMO Capital is known as a contrarian. But his quarterly investment newsletters are eagerly awaited, because they usually give some fascinating insight into some of the big themes that affect investments. His latest, distributed to his investors in July but […]


The Action Camp

The Action Camp thumbnail

This is the second video subMedia.tv has produced about the struggle to stop a natural gas transport project called the Pacific Trails Pipeline or PTP. The Unis’tot’en, a clan of the Wet’suet’en Nation have built a protection camp to bock PTP, in so called British Columbia in Canada. This is the third time the Unis’tot’en […]


Gulf of Mexico oil companies start evacuations

Gulf of Mexico oil companies start evacuations thumbnail

Oil companies are evacuating some Gulf of Mexico oil rigs in advance of Tropical Storm Isaac. For now the storm is close to the Dominican Republic and Haiti. But oil installations would be at risk if it heads to the Gulf of Mexico and reaches hurricane strength. BP said Friday it has begun evacuating all […]


Endless oil: the stuff of conspiracy theorists – or the real deal?

Endless oil: the stuff of conspiracy theorists – or the real deal? thumbnail

So now I read that there’s an easy solution to the peak-oil problem after all. We can just manufacture the stuff. Or, just wait a few minutes and let the Earth do it for us. A publicist sent me a press release this week for a new book called The Great Oil Conspiracy, by Jerome […]


Venezuela Imports Oil Despite Having Huge Reserves

Venezuela Imports Oil Despite Having Huge Reserves thumbnail

Despite having the largest oil reserves in the world, Venezuela faces a severe shortage of gasoline, experts said. Former high-ranking employees at Venezuela’s state run oil company, Petróleos de Venezuela, S.A. (PDVSA), said that due to deterioration of its refinery system and the vast amount of fuel being smuggled out of the country, the government […]


How the U.S. paved the way for Big Oil’s rise — and possible fall — in Iraq

How the U.S. paved the way for Big Oil’s rise — and possible fall — in Iraq thumbnail

In 2011, after nearly nine years of war and occupation, U.S. troops finally left Iraq. In their place, Big Oil is now present in force and the country’s oil output, crippled for decades, is growing again. Iraq recently reclaimed the No. 2 position in the Organization of the Petroleum Exporting Countries (OPEC), overtaking oil-sanctioned Iran. Now, there’s […]


Global Population Rises Yet Fertility Rates Falls

Global Population Rises Yet Fertility Rates Falls thumbnail

Global birthrates are going down, but because of political and cultural reasons that are against contraception the global birth rate will continue to rise. The rate will largely be determined by a new generation of people who are in their prime fertile years. Strangely and paradoxically, the world’s average birthrate has slowly been falling for […]


America’s Descent into Poverty

America’s Descent into Poverty thumbnail

The United States has collapsed economically, socially, politically, legally, constitutionally, and environmentally. The country that exists today is not even a shell of the country into which I was born. In this article I will deal with America’s economic collapse. In subsequent articles, i will deal with other aspects of American collapse. Economically, America has […]


BP Expects to Start Libya Oil Exploration Drilling Next Year

BP Expects to Start Libya Oil Exploration Drilling Next Year thumbnail

BP PLC expects to start next year deep-sea drilling work off the coast of Libya, as the U.K. oil giant resumes it $2 billion exploration program halted by the rebel overthrow of Col. Moammar Gadhafi’s regime last year. The major oil company, which in May lifted a freeze on its activities in the North African […]


Iranian Oil Production Falls Further

Iranian Oil Production Falls Further thumbnail

We have data through July from OPEC secondary sources and through June for most other sources.  The result looks as above (graph not zero-scaled to better show changes).  Iranian production has been falling noticeably for a number of months and is now down by about a sixth of the pre-sanctions level.  This ignores the possibility […]


Twenty reasons not to attack Iran

Twenty reasons not to attack Iran thumbnail

Recent news stories have detailed disagreements between Israeli and U.S. assessments of Iran’s nuclear capabilities and intentions. While it would appear that for now the United States does not share the apparent Israeli desire for military action toward Iran, President Obama has done everything possible to prevent the Iranians from having the ability to produce […]


“Complete Information Control”: Japan newspapers receive much frightening Fukushima info that’s covered up

“Complete Information Control”: Japan newspapers receive much frightening Fukushima info that’s covered up thumbnail

“Complete Information Control”: Japan newspapers receive much frightening info that’s covered up — Some evacuees died from acute symptoms yet not reported — Journalists scared Translated by Dissensus Japan: Tatsuo Fujii @tatsuofujii 連投5 昨日の情報で米沢に避難している浪江町の避難民(ある特定地区です)10人中6人が急性症状(たぶん白血病?という噂)で死亡し、避難民が震え上がっています。 浪江の人々はこの事実を役所やテレビに訴えましたが全く報道されませんでした。彼らも国は怖いと訴えています。 #原発 #福島 14 Jul 12 According to the news received yesterday, 6 evacuees out of 10 from a certain area […]


The end of the Industrial Revolution

The end of the Industrial Revolution thumbnail

What a privilege it is to be alive in these times, in such a significant period in human history. It’s not always easy to see moments of great historical importance when you’re in the middle of them. Sometimes they’re dramatic, like the fall of the Berlin Wall or the landing on the moon. But more […]


Iraqi Oil Exports to Rise to Highest in Over Two Decades

Iraqi Oil Exports to Rise to Highest in Over Two Decades thumbnail

Iraq’s crude exports are set to rise to an average of 2.6 million barrels a day this month, the highest level in more than two decades, said Asim Jihad, a spokesman for the Oil Ministry. The August tally includes some oil from the self-governing Kurdish region in the north of Iraq, he said. Shipments of […]


China ups lobbying game, but faces key tests in US, Canada

China ups lobbying game, but faces key tests in US, Canada thumbnail

Back in the day, before the U.S. Congress tore apart China’s proposed multi-billion dollar deals with Western companies one after the other, Beijing’s lobbying left little to the imagination. China’s Washington embassy blasted out form letters to every U.S. lawmaker when it was upset with Congress, warning of grave damage to Sino-American relations, congressional aides […]


The Unlevel Playing Field for Energy

The Unlevel Playing Field for Energy thumbnail

An editorial in last weekend’s Wall St. Journal led me to a recent analysis by the US Energy Information Agency (EIA) summarizing the costs of the federal government’s various “subsidies” for energy from different sources.  This is both useful and timely, since discussions of specific subsidies such as the expiring wind production tax credit inevitably […]


Wither Peak Oil?

Wither Peak Oil? thumbnail

Sorry folks, it’s been a while since we’ve posted!  It’s not that there’s no more Peak Oil – rather we’ve been busy with other things, and we’ve said quite a bit about the topic in the past.  Not much of that has changed, if any.  But we’ve intended to provide an update.  Now we find […]


From Peak to Plateau?

From Peak to Plateau? thumbnail

Just five years ago experts were talking about peak oil production and looming scarcity. Today, the trend has reversed as North American oil output surges and the geopolitics of energy are changing. Some experts say the outlook for oil prices is bearish. Others say fundamentals support $105 a barrel. Shale oil will not collapse the […]


John Michael Greer: The Monkeywrench Wars

John Michael Greer: The Monkeywrench Wars thumbnail

Among science fiction author Arthur C. Clarke’s many gifts was a mordant sense of humor, and a prime example of that gift in action was his 1951 short story Superiority. It’s the story of a space war told by the commanding general of the losing side; he is explaining to some interstellar equivalent of the […]


Debunking the myth of almost unlimited natural gas

Debunking the myth of almost unlimited natural gas thumbnail

With the development of shale gas wells, many consumers got the impression that our nation’s supply of natural gas is almost unlimited. But now that the price of natural gas is below the cost of production, output is going down, and that does not bode well for consumers. After skidding below $2 per million Btu […]


Don’t Count on Revolution in Oil Supply

Don’t Count on Revolution in Oil Supply thumbnail

This is a guest post by Sadad al-Huseini, now a petroleum consultant and formerly executive vice president of Saudi Aramco for exploration and production, and is a response to the recent article in PIW (Petroleum Intelligence Weekly) by Leonardo Maugeri on his new study Oil: the Next Revolution, challenging his optimism about future oil supplies […]


Goldman Sachs Says Widening of Brent-WTI Oil Spread Won’t Last

Goldman Sachs Says Widening of Brent-WTI Oil Spread Won’t Last thumbnail

The widening spread between WTI crude in the U.S. and Brent in London is “not sustainable” because shipments into the Cushing storage hub in Oklahoma will slow, according to Goldman Sachs Group Inc.  – Bloomberg


Cultural signaling and energy

Cultural signaling and energy thumbnail

An image that struck me recently and has stayed with me since was a license plate. Specifically, a jet-black Kentucky license plate, emblazoned “Friends of Coal.” The first thing that ran through my mind was, “Who in their right mind proudly trumpets supporting that?” It struck me as about the same contrarian attitude as waving around […]


Peak Helium, worldwide shortage begins

Peak Helium, worldwide shortage begins thumbnail

Party Pleasers general manager Tim Peres recently got a phone call from an employee that confused and shocked him. The employee, on his regular run to fill the Camarillo store’s helium tanks at a supplier in Oxnard, was turned away because of a helium shortage. “We weren’t even given a warning,” Peres said. “They told […]


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