Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


News from November 2012

King Coal, Alive and Kicking

King Coal, Alive and Kicking thumbnail

World Resources InstituteThe lion’s share of new coal plants planned worldwide would be built in China and India. Some 1,200 new coal-fired power plants are being planned across the globe despite concerns about greenhouse gas emissions from such generating stations, the most polluting type, the World Resources Institute estimates. Two-thirds of them would operate in […]


Average cost for Thanksgiving dinner? About $50

Average cost for Thanksgiving dinner? About $50 thumbnail

For the average American heading to the supermarket to buy Thanksgiving dinner, bringing a $50 bill should do the trick. The average cost of a 10-serving Thanksgiving dinner will cost $49.48 this year, according to a study by the American Farm Bureau Federation, a nonprofit grassroots organization advocating farmer interests. The group relied on 150 […]


Will the U.S. Surpass Saudi Arabia in Oil Production?

Will the U.S. Surpass Saudi Arabia in Oil Production? thumbnail

Recent news reports said yes, based on the Executive Summary of a big international report by the International Energy Agency. Columbia University geologist Peter Kelemen takes a closer look at the full document, and what lies ahead for energy demand and fossil fuels. Last week, major news outlets reported on bullet points that accompanied the […]


LNG set sails for Japan via Arctic route

LNG set sails for Japan via Arctic route thumbnail

First ever tanker loaded with liquid natural gas (LNG) sails the Northern Sea Route with gas from Norway to energy hungry Japan. “New development,” says Gunnar Sander with the Norwegian Polar Institute. “This voyage is interesting because it shows how the shale gas has turned the gas market upside down,” says Senior Researcher Gunnar Sander. […]


Why US Oil Dominance Won’t Lower Gas Prices

Why US Oil Dominance Won’t Lower Gas Prices thumbnail

Booming oil production could allow the U.S. to become the world’s largest global oil producer by 2020 and help the country become practically energy self-sufficient by 2035, according to a new report. But that alone won’t achieve the dream of so-called energy independence that magically frees American drivers from price shocks at the gasoline pump. […]


The Peak Oil Crisis: Descent Into Chaos

The Peak Oil Crisis: Descent Into Chaos thumbnail

There is a growing disconnect between forecasts of prodigious amounts of oil coming out of the Middle East in coming decades and what is likely to happen in the region. The Middle East today is a patchwork of geographical entities known as states. A few, such as Iran, are reasonably coherent and go back hundreds […]


Fracking all over the world

Fracking all over the world thumbnail

Hydraulic fracturing (“fracking”), the technology which revolutionised the U.S. oil and gas industry, has started to make its first cautious forays overseas. FTS International, formerly known as Frac Tech, one of the leading suppliers of hydraulic fracturing equipment and services in the United States, has signed joint venture agreements to supply well-completion products and other […]


Solving Oil Addiction, State by State

Solving Oil Addiction, State by State thumbnail

As 43 million people hit the road for Thanksgiving — members of my family among them — I’m reminded again of how dependent we are on gasoline to live our lives. We need it to get to work, to school, to spend holidays with our families. When gas prices spike, all drivers suffer, but in […]


Iran Accuses Saudis of Searching for Oil in “Prohibited” Gulf Areas

Iran Accuses Saudis of Searching for Oil in “Prohibited” Gulf Areas thumbnail

Iran Tuesday accused Saudi Arabia of searching for oil in what it called a “prohibited” offshore zone in response to Riyadh’s earlier allegations that Tehran had violated its airspace. The statements are likely to revive fears of a flare up between the Persian Gulf’s arch-foes and coincide with the military escalation in the Israeli-Palestinian conflict […]


Peak Oil, Meet 3 Trillion Barrels Oil Equivalent: Bringing the Heat

Peak Oil, Meet 3 Trillion Barrels Oil Equivalent: Bringing the Heat thumbnail

There’s no question, says Rusco, that the oil is there, all 3 trillion barrels of it… …Both the GAO and private industry estimate the amount of oil recoverable to be 3 trillion barrels. “In the past 100 years — in all of human history — we have consumed 1 trillion barrels of oil. There are […]


Bahrain Cracks Down on Freedom

Bahrain Cracks Down on Freedom thumbnail

The ruling Al Khalifa monarchy is one of the world’s most brutal dictatorships. It’s also a valued US ally. Bahrain is home to America’s Fifth Fleet. Imperial priorities matter most. Washington backs Bahraini harshness. State terror is policy. Murder, torture, lawless imprisonments, and daily atrocities get tacit support. Bahrain ruthlessly wages war on freedom. Fundamental […]


Family Planning and State of World Population Control 2012

Family Planning and State of World Population Control 2012 thumbnail

She sat loosely on a very short wall, joint by two corners to a wall on a very small house in one of Monrovia’s slum communities—Clara Town.   Probably not being fully aware of the presence of few visitors, who have shown up before her house. The visitors, including health practitioners from Planned Parenthood Association […]


With America distracted by oil bubble, peak oil patiently waits

With America distracted by oil bubble, peak oil patiently waits thumbnail

Mohandas Gandhi may or may not have said, “First they ignore you, then they laugh at you, then they fight you, then you win.” But it’s become a truism among activists that, after years of playing to an empty house, it’s actually a sign of progress when the rotten tomatoes start to fly. For a […]


US shale oil abundance: Bernstein vs the IEA

US shale oil abundance: Bernstein vs the IEA thumbnail

When the International Energy Agency’s big annual report came out last week there was a big top line story picked up nearly everywhere: that US oil production will overtake Saudi Arabia by about 2020. This is due to projected rises in oil being wrung from the sort of shale formations that have been the source […]


It Takes 1,000 Times More Water To Feed A Person Than It Does To Satisfy Thirst

It Takes 1,000 Times More Water To Feed A Person Than It Does To Satisfy Thirst thumbnail

With the global population increasing, the demand for food will continue to boom. And this will put extraordinary strains on the world’s resources, especially water. In a recent Bank of America Merrill Lynch report titled The Blue Revolution – Global Water, strategist Sarbjit Nahal takes a close look at the water story as it relates […]


The Great Oil Fallacy

The Great Oil Fallacy thumbnail

Among the unchallenged verities of U.S. politics, the most universally accepted is that of the crucial strategic and economic significance of oil, and particularly Middle Eastern oil. On the right, the need for oil is seen as justifying an expanded and assertive military posture, as well as the removal of restrictions on domestic drilling.  On […]


In Defense of Sustained Research on Fusion

In Defense of Sustained Research on Fusion thumbnail

Stewart C. Prager, the director of the Department of Energy’s Princeton Plasma Physics Laboratory and a professor of astrophysical sciences at Princeton University, here offers a fresh defense of continued substantial support for research on extracting usable energy from nuclear fusion. His “Your Dot” contribution builds on a recent fusion post by Burton Richter, a Nobelist in physics […]


Kunstler: Epic Disappointment

Kunstler: Epic Disappointment thumbnail

Those inhabiting the economic wish-space got a case of the vapors last week when the Paris-based International Energy Agency (IEA) published an annual report stating that the USA would overtake Saudi Arabia as the world’s leading oil producer and reach the long-touted nirvana of “energy independence.” The news was greeted in this country with jubilation. […]


Saudi oil burn hits record high in 2012

Saudi oil burn hits record high in 2012 thumbnail

Saudi Arabia burned record volumes of crude oil over the summer, official government figures show, contrary to its aim of using more gas for power generation to reduce wastage of crude that it could export. During the peak period from early June through September, Saudi Arabia burned an average of 763,250 barrels per day (bpd) […]


Peak, What Peak?

Peak, What Peak? thumbnail

[Editor’s comment: This article is by Dr. Tad Patzek, chairman of the Department of Petroleum & Geosystems Engineering at The University of Texas at Austin. Dr. Patzek’s research involves mathematical modeling of earth systems with emphasis on multiphase fluid flow physics and rock mechanics. He is also working on smart, process-based control of very large […]


World Fish Catch Falls to 90 Million Tons in 2012

World Fish Catch Falls to 90 Million Tons in 2012 thumbnail

The U.N. Food and Agriculture Organization (FAO) projects that the world’s wild fish harvest will fall to 90 million tons in 2012, down 2 percent from 2011. This is close to 4 percent below the all-time peak haul of nearly 94 million tons in 1996. The wild fish catch per person has dropped even more […]


Deutsche Bank: Don’t bet on the IEA’s prediction of U.S. oil dominance

Deutsche Bank: Don’t bet on the IEA’s prediction of U.S. oil dominance thumbnail

Reading the pages of the Business Spectatorin recent months I’ve noticed a seemingly endless stream of articles by Robert Gottliebsen claiming the US “shale gas revolution” will result in US energy independence, a resurgence in US domestic manufacturing and the demise of Australia’s LNG export industry (unless the unions are crushed and construction costs dramatically […]


Peak Oil And The Olduvai Gorge

Peak Oil And The Olduvai Gorge thumbnail

The Olduvai Gorge theory of Richard Duncan was that human society would be forced back to the anthropoid ape stage of evolution by peak oil and energy scarcity, and would live like Tanzania’s “Lucy” the best known precursor or human ancestor, taxonomically called “Australopithecus afarensis”, of about 2 million years ago. Duncan’s angle, developed in […]


Fracking: A new dawn for misplaced optimism

Fracking: A new dawn for misplaced optimism thumbnail

You would think we were swimming in oil. The International Energy Agency’s (IEA) latest World Energy Outlook forecasts that the United States will outstrip Saudi Arabia as the world’s largest producer by 2017, becoming “all but self-sufficient in net terms” in energy production. While the “peak oil” pessimists are clearly wrong, so is a simplistic […]


The Bright, Shiny Tinderboxes of the Persian Gulf

The Bright, Shiny Tinderboxes of the Persian Gulf thumbnail

Touring the luxurious campus of the American University of Sharjah last week, I was yet again struck by what money, especially petrodollars, can buy. Sharjah is an emirate of the United Arab Emirates, located adjacent to Abu Dhabi. Designed by the ruler of Sharjah, Sultan Bin Mohammad Al Qassimi, one of the more enlightened of […]


Understanding the “Exorbitant Privilege” of the U.S. Dollar

Understanding the “Exorbitant Privilege” of the U.S. Dollar thumbnail

The dollar rises for the same reason gold and grain rise: scarcity and demand. Which is easier to export: manufactured goods that require shipping ore and oil halfway around the world, smelting the ore into steel and turning the oil into plastics, laboriously fabricating real products and then shipping the finished manufactured goods to the U.S. […]


Kenya: Family planning will make economic sense

Kenya: Family planning will make economic sense thumbnail

This year’s United Nations State of the World Population report released last week demonstrates quite dramatically the economic benefits of family planning. It argues, quite rightly, that investing in family planning makes economic sense both at individual and national levels. With a well-planned family, there will be less competition for resources and hence more to […]


Optimism Bias: What Keeps Us Alive Today Will Kill Us Tomorrow

Optimism Bias: What Keeps Us Alive Today Will Kill Us Tomorrow thumbnail

Definition of a lie: any not entirely accurate representation of the world as we perceive it; what’s not spoken can be as crucial as what is.   So yeah, people lie. They, we, all do. Some of us understand the extent to which this is true better than others, but that’s probably just because we […]


Did oil decide the last three American elections?

Did oil decide the last three American elections? thumbnail

Was the most recent American election outcome determined by the presidential debates, changing demographics, voter views on issues, Hurricane Sandy (and the president’s reaction to it) or voter turnout? Probably all of these contributed to the result. Energy was actually one of the issues discussed during the campaign, particularly domestic production of oil and natural […]


Saudi Arabian Oil Exports Rise

Saudi Arabian Oil Exports Rise thumbnail

Saudi Arabia’s crude oil exports rose in September to 7.28 million barrels a day as local refineries cut processing by 14.6 percent, according to the Joint Organizations Data Initiative. The world’s largest crude exporter shipped 2.9 percent more crude while producing 0.3 percent less oil than it did in August, according to data posted today […]


« Previous PageNext Page »



Oil News Categories


Recent Board Topics


Archive


LATEST NEWS HEADLINES


PO Real Time

#PeakOil #Energy | Is North Sea oil is coming to an end? | Nexen pulls the plug on two North Sea platforms after Forties shutdown offshoreenergytoday.com/nexen-pulls-th…

Telling. #PeakOil production, or other things coming that make this not worthwhile? #Gold twitter.com/brocwest/statu…