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News from October 2012

Financial co-dependency: How Wall Street has kept shale gas alive

Financial co-dependency: How Wall Street has kept shale gas alive thumbnail

On October 21, 2012, the New York Times published an article delving in depth into the relationships between large Wall Street investment banks and shale gas operators. The article is outstanding but so much more needs to be said. For nearly a year I have been giving presentations on this phenomenon which I refer to […]


Chevron Announces Further Natural Gas Discovery Offshore Australia

Chevron Announces Further Natural Gas Discovery Offshore Australia thumbnail

Chevron Corporation (NYSE: CVX) today announced further drilling success by its Australian subsidiary in the Greater Gorgon Area, located in the Carnarvon Basin, a premier hydrocarbon basin. The Satyr-4 exploration discovery well confirmed approximately 220 feet (67 meters) of net gas pay. The well is located in the WA-374-P1 permit area approximately 75 miles (120 […]


Japan Struggling to Store Nuclear Water

Japan Struggling to Store Nuclear Water thumbnail

Japan’s crippled nuclear power plant is struggling to find space to store tens of thousands of tonnes of highly contaminated water used to cool the broken reactors, the manager of the water treatment team has said. About 200,000 tonnes of radioactive water, enough to fill more than 50 Olympic-sized swimming pools, are being stored in […]


Jim Rickards – Currency Wars Simulation

Jim Rickards – Currency Wars Simulation thumbnail

Check out my articles for more! http://estess.hubpages.com/_youtubetrack/hub/Chinas-Strategy-Appreciating-the… http://estess.hubpages.com/_youtubetrack/hub/Why-The-Dollar-Will-Collapse http://estess.hubpages.com/_youtubetrack/hub/War-With-Iran-Is-Inevitable Full video can be found at: http://www.youtube.com/watch?v=fW3fZzfHEX4


The Peak Oil Crisis:The End Game

The Peak Oil Crisis:The End Game thumbnail

It is becoming clearer all the time that mankind is approaching a major turning point in its tenure on this planet. Recent reports on the speed with which our climate is deteriorating suggest that much of our earth will become uninhabitable sometime within the next 100 to 200 years. Small pockets of humanoid DNA may […]


Shale Oil: The Latest Insights

Shale Oil: The Latest Insights thumbnail

The impact of unconventional fuels like shale oil on the global energy system is still an issue of great uncertainty. Not so much because of the size of the tank (the resource base), but due to the large physical effort necessary to obtain a sizeable supply of this type of fossil fuel. For instance, to […]


Kuwait protests challenge ruling family

Kuwait protests challenge ruling family thumbnail

Kuwait risks sliding into Arab Spring-style protests over a forthcoming election that has polarized opinion in the Gulf Arab state and posed an unprecedented challenge to the authority of the once revered emir, a close Western ally. Kuwait saw some of the worst violence in its recent history when tens of thousands of demonstrators – […]


Study: ‘One of the Most Significant Energy Events in the Last 100 Years’

Study: ‘One of the Most Significant Energy Events in the Last 100 Years’ thumbnail

Additional insight on the new IHS Global unconventional oil and natural gas study that projects more than $5.1 trillion in industry cumulative capital spending by 2035, supporting 3.5 million jobs. Here’s John Larson, IHS vice president for public sector consulting, during a conference call with reporters: “This really is … a game changer in energy […]


A powerful tool for getting beyond the converted

A powerful tool for getting beyond the converted thumbnail

I have written several times here about ‘Transition Streets’, the street-by-street behaviour change model created by Transition Town Totnes which was the winner of the 2011 Ashden Award for behaviour change. There is a good evidence base now, showing how it enables a Transition (or other) group to reach the parts that other community engagement […]


Could It Happen? China hastens its planned invasion of Siberia to access newly discovered oil and gold fields

Could It Happen? China hastens its planned invasion of Siberia to access newly discovered oil and gold fields thumbnail

The title of this posting is taken from the Wikipedia article describing the Tom Clancy thriller: The Bear and the Dragon. Novelists are known for taking liberties with the facts, but that is all in the nature of fiction writing. In reality, could China be planning an invasion of Siberia in order to take over […]


Hoax? Researcher Claims “Explosions” Witnessed at Fukushima Reactor

Hoax? Researcher Claims “Explosions” Witnessed at Fukushima Reactor thumbnail

Conspiracy websites are buzzing with claims that spent fuel pools at the Fukushima nuclear reactor have exploded, with radiation levels off the charts, although the story appears almost certainly to be a hoax. A post currently circulating on numerous websites quotes a “researcher” named Michael Eckstein who purportedly lives 50 miles from Fukushima in Japan. “Explosions and […]


Iran Evades The Western Blockade: The Turkey-Dubai-Iran PetroGold Triangle

Iran Evades The Western Blockade: The Turkey-Dubai-Iran PetroGold Triangle thumbnail

In recent months there has been a lot of incorrect speculation that because Iran has been shut off from the petrodollar, SWIFT-mediated regime, its economy will implode as the country has no access to the all important greenback and can thus not conduct international trade – the driving factor behind the international sanctions that seek […]


Full Planet, Empty Plates

Full Planet, Empty Plates thumbnail

More than 150 data sets accompany Lester R. Brown’s latest book, Full Planet, Empty Plates: The New Geopolitics of Food Scarcity. These tables and graphs help to explain the precarious situation in which humanity finds itself, as the world leaves an era of food surpluses and enters one of food scarcity. Here are some highlights […]


South Africa, Congo to Cooperate On Oil Exploration

South Africa, Congo to Cooperate On Oil Exploration thumbnail

South Africa and Congo signed a deal Tuesday for the joint exploration of hydrocarbons in Congo, the two countries said. The deal was signed by each country’s state-controlled oil company, Cohydro in Congo and PetroSA in South Africa, according to a statement from the foreign affairs ministers of both countries. The chief executive of PetroSA, […]


Farmland Prices Keep Soaring

Farmland Prices Keep Soaring thumbnail

Iowa — After initially trickling in slower than the auctioneer’s babble, the bids began picking up. “Get your hands up,” belted Marv Huntrods, the auctioneer, his baritone echoing from a raspy speaker in a plaid-carpeted Masonic lodge here last week. He chopped the air with one hand and drew out his vowels. “Grains up overnight.” […]


Iran says may stop oil sales if sanctions tighten

Iran says may stop oil sales if sanctions tighten thumbnail

Iran said on Tuesday it would stop oil exports if pressure from Western sanctions got any tighter and that it had a “Plan B” contingency strategy to survive without oil revenues. Western nations led by the United States have imposed tough sanctions on the Islamic Republic this year in an attempt to curb its nuclear […]


Hair of the dog, or, the limits of technology

Hair of the dog, or, the limits of technology thumbnail

This post is about the hopeful idea that technology is going to save us from having to adapt to descent. A recent article describes an episode of geopiracy to geoengineer the ocean, so we’re back at climate again, since this example provides particular insights and illustrations into our blindspots about the limits to growth and […]


Fracking & Groundwater Contamination: Are EPA Tests ‘Shoddy Science’?

Fracking & Groundwater Contamination: Are EPA Tests ‘Shoddy Science’? thumbnail

  When the U.S. Environmental Protection Agency released the latest follow-up tests of water surrounding natural-gas-drilling sites near Pavillion, Wyo., October 10, they appeared to confirm how water can be contaminated by hydraulic fracturing. The operator of the gas field in question, Encana Corp., last week re-asserted it is not responsible for any chemicals found […]


Japan confirms explosion, leakage at nuke plant

Japan confirms explosion, leakage at nuke plant thumbnail

Japanese Chief Cabinet Secretary Yukio Edano confirmed on Saturday there has been an explosion and radiation leakage at Tokyo Electric Power Co’s (TEPCO) (9501.T) Fukushima Daiichi nuclear power plant.       “We are looking into the cause and the situation and we’ll make that public when we have further information,” Edano said. “At present, […]


Heinberg: Gas Bubble Leaking, About to Burst

Heinberg: Gas Bubble Leaking, About to Burst thumbnail

For the past three or four years media sources in the U.S. trumpeted the “game-changing” new stream of natural gas coming from tight shale deposits produced with the technologies of horizontal drilling and hydrofracturing. So much gas surged from wells in Texas, Oklahoma, Louisiana, Arkansas, and Pennsylvania that the U.S. Department of Energy, presidential candidates, […]


Nuclear Update: Fukushima Unit 4 Is Sinking (Unevenly) … Fracking Now Allowed within 500 FEET of Nuclear Plants

Nuclear Update: Fukushima Unit 4 Is Sinking (Unevenly) … Fracking Now Allowed within 500 FEET of Nuclear Plants thumbnail

Fukushima Update: Unit 4 Is Sinking … Unevenly … And May Begin Tilting The spent fuel pool at Fukushima Unit 4 is the top short-term threat to humanity, and is a national security issue for America. As such, it is disturbing news that the ground beneath unit 4 is sinking. Specifically, Unit 4 sunk 36 […]


Asking Richard Heinberg: Is the world running out of oil?

Asking Richard Heinberg: Is the world running out of oil? thumbnail

The peak oil theory remains one of the most controversial developments in our nation’s discussion over energy policy. Unfortunately, though, not too many understand about it. How might peak oil be explained? Speaking of oil, this is a resource that many worry is being depleted. Are these concerns valid? In this second part of our […]


ASPO-USA Conference, November 30-December 1, Austin, Texas

ASPO-USA Conference, November 30-December 1, Austin, Texas thumbnail

Register now to attend ASPO-USA’s 8th conference, held this year at the University of Texas on November 30 and December 1. The theme this year is “The Next Oil Crisis: Is the Boom Just Another Bubble?” The conference features a debate on the subject, “Do Energy Limits Require a New Economic Framework?” among three noted […]


Water: Source Of International Conflict And Weapon Of War

Water: Source Of International Conflict And Weapon Of War thumbnail

Over the next 10 years the world population will be nearly 8 billion from less than 7 billion now and by 2050 it will be more than 9 billion. The size of the global economy will grow four times larger than it is today. The share of low and middle income country in the world […]


Corn Ethanol Revisited

Corn Ethanol Revisited thumbnail

There are a number of reasons why corn ethanol is looked upon with skepticism if not outright scorn in this country, particularly outside of the Midwest. The fact that corn became a leading source of biofuel feedstock as the result of a large and powerful lobbying effort draws suspicion from the left. The fact that […]


The big question mark over gasoline from air

The big question mark over gasoline from air thumbnail

In a shipping container on a British industrial park, not far from where George Stephenson launched the world’s first steam railway in 1825, another transport revolution might be beginning. Every day the machinery inside produces half a litre of purified gasoline. It sounds humdrum until you realise one thing: the only raw material used is […]


Malawi oil: A blessing or a curse?

Malawi oil: A blessing or a curse? thumbnail

The prospect of oil under Lake Nyasa (known as Lake Malawi in Malawi) holds great promise for one of the poorest countries in the world. With an economy dependent on agriculture and one of the world’s lowest GDP per capita, oil wealth could revolutionise the fortunes of Malawi’s economy. At the same time, however, the […]


Our Current Projects – Dynamic EROEI Calculator

Our Current Projects – Dynamic EROEI Calculator thumbnail

Energy return on investment (EROEI) is the ratio of the energy extracted or delivered by a process to the energy used directly and indirectly in that process. The unprecedented expansion of the human population, the global economy, and per capita living standards of the last 200 years was powered by high EROEI, high energy surplus […]


After Nuclear fission, India experiments with fusion

After Nuclear fission, India experiments with fusion thumbnail

I n the 1940s, attempts by the UK and the US to build the hydrogen bomb had a few useful byproducts, such as technologies that were able to use the power of the atom to generate electricity. The process of nuclear fission, which produces dangerous waste, was developed, and has been used since then to […]


Canadians Issue Resounding Hell-No to Beijing

Canadians Issue Resounding Hell-No to Beijing thumbnail

In the latest rush to take advantage of oil opportunities in Canada, Exxon Mobil announced it signed a deal to acquire Celtic Exploration Ltd. for around $2.6 billion. The deal would give the U.S.-based supermajor access to shale reserves in British Columbia and Alberta. It also follows a string of moves by rival foreign companies […]


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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