Killing The Keystone Pipeline Won’t Stop The Oil Sands Being Mined

I have to admit that I don’t really understand one of the arguments being used against the Keystone pipeline project. Several of the arguments I do understand and simply disagree with, but one of them I just don’t get in some important manner. That’s the one that if the pipeline isn’t built then the oil […]

Earth Day 2013 – The Paramount Issue of Overpopulation!

As another Earth Day rolls around, a California organization reminds us that population growth is still the fundamental environmental problem. “The consequences of that growth are all around us–loss of open space, air and water pollution, traffic congestion, and never-ending sprawl,” said Jo Wideman, executive director of Californians for Population Stabilization (CAPS). “Habitat loss due […]

Strong quake hits China; 102 dead, more than 2200 injured

Earthquake of magnitude 6.6 strikes China’s Sichuan province * More than 2,200 injured, 147 seriously * Earthquake epicentre near Ya’an city * Tremors felt in provincial capital, Chengdu A strong 6.6 magnitude earthquake hit a remote, mostly rural and mountainous area of southwestern China’s Sichuan province on Saturday, killing at least 102 people and injuring […]

The Con in Economic

“In so far as a theory can be said to have assumptions at all, in so far as their realism can be judged independently of the validity of predictions, the relation between the significance of a theory and the realism of its assumptions is almost the opposite of that suggested by the view under criticism. […]

Carbon bubble will plunge the world into another financial crisis

Trillions of dollars at risk as stock markets inflate value of fossil fuels that may have to remain buried forever, experts warn The world could be heading for a major economic crisis as stock markets inflate an investment bubble in fossil fuels to the tune of trillions of dollars, according to leading economists. “The financial […]

A $30 Billion Hole In Caspian Sea?

For more than a decade, the promised bonanza from Kazakhstan’s giant offshore Kashagan oil field has been a costly mirage for its developers. And the wait still isn’t over. The companies backing the project — which include Exxon Mobil Corp., Eni Spa and Royal Dutch Shell PLC — in March missed the startup date Eni […]

US wind energy tax credit extended

The Internal Revenue Service completed rules today that define how wind-farm developers can qualify for tax breaks. Under a law signed by President Barack Obama in January, wind projects must begin construction by Dec. 31 to qualify for the production tax credit. That’s looser than the standard from previous years, which required energy production to […]

Oil’s Tumble Could Be Great for Europe

Lower inflation resulting from falling oil prices could allow European policymakers to adopt more expansionary monetary policies, Credit Suisse said in a new report. “The contribution to European inflation from energy is now likely to be lower. For the euro area, that could mean HICP [Harmonized Index of Consumer Prices] falls as low as 1 […]

More faults seen as active under nuclear plant

More faults may be regarded as active under the Kashiwazaki-Kariwa nuclear power plant in Niigata Prefecture, a survey by its operator, Tokyo Electric Power Co., showed Thursday. Of the plant’s seven nuclear reactors, the faults below the Nos. 3, 5, 6 and 7 reactors are now suspected of having moved about 200,000 to 400,000 years […]

Saudi Gazette – The falsehood of ‘Peak Oil Theory’

Dr. Sami Al-Nuaim Dr. Sami Al-Nuaim In the last few years, there were several attempts from several non-specialized writers in the Saudi media to advocate for what is called “Peak Oil Theory” that wrongly predicts dark future for oil production. This theory was introduced in the US after the oil embargo in early 70s by […]

Total production by the top five oil majors has fallen by a quarter since 2004

This is a guest post by Matthieu Auzanneau, a freelance journalist in France, author of the Oil Man blog at Le Monde, where this post first appeared. The combined crude oil production of the five main international oil companies (Exxon, BP, Shell, Chevron and Total) hit an historic high in 2004. Since then, it has […]

Growth Worries? Thankfully, Oil Is Tumbling

As worries over the outlook for the global economy resurface, analysts tell CNBC that Asia can take comfort from one fact – the sharp fall in oil prices. According to Credit Suisse (Swiss Exchange: CSGN-CH), a sustained 10 percent drop in oil prices would add 10-20 basis points to gross domestic product (GDP) growth in […]

IEA: Global Progress on Clean Energy Has Stalled

Global progress towards low-carbon energy has stalled, according to a new report by the International Energy Agency (IEA). In Tracking Clean Energy Progress 2013, the agency’s input to the 4th Clean Energy Ministerial conference, IEA asserts that despite some advances in renewable energy and developing world energy policies, the global energy supply is not getting […]

UN says world needs to produce 70 percent more food by 2050

As we all know, food is one of the most important resources in the world. As Forbes points out, past civilizations such as the Mayan’s have failed because they ran out of food. The UN Food and Agriculture Organization estimates the world needs to produce 70 percent more food by 2050. Although that sounds like […]

Genetically modified crops needed to ‘feed the world’

Sir Mark says EU regulation means not enough GM crops can be grown The case for genetically modified (GM) food is getting stronger because of its importance as a tool to feed a growing global population, according to the Government’s new chief scientific adviser. Sir Mark Walport, who is one month into his new job, […]

Shale Boom Could Happen in Russia, China but Not Europe

Russia and China will lead the way in the production of resources from shale after the U.S., according to executives, but Europe will likely lag behind. Torbjorn Tornqvist, chief executive of trading house Gunvor, said Wednesday it was clear that shale production on a scale similar to that in the U.S. is possible in several […]

Mexico Lacks Water to Frack for Shale Gas

Mexico plans to expand shale gas exploration this year, but it could run into a shortage of water, which is essential to hydraulic fracturing or fracking, the method used to capture natural gas from shale rocks. “In Mexico there isn’t enough water. Where are they going to get it to extract shale gas?” Professor Miriam […]

4 Reasons For The Massive Drop In Oil Prices

Staying with the theme of bearish sentiment in commodity markets, crude oil came under severe pressure recently. Based on today’s data, US crude inventory actually declined last week, surprising some forecasters who expected crude stocks to continue rising. One would expect lower inventories to result in higher prices, but that did not occur. Source: EIA […]

Peak Everything Prophet Downgrades Peak Oil?

Jeremy Grantham is a fascinating dude. He is a highly successful capitalist who blames capitalism for killing the planet. If you’re familiar with this “connoisseur of [market] bubbles,” as the New York Times referred to him in a profile, it’s probably due to his increasingly Malthusian outlook. In 2011, he warned that “accelerated demand” from developing countries was depleting the […]

Peak Oil: Reality Checks From The Desert

Aljazeera, very informative report on energy 2010

China Deploys Navy Ships to Patrol Islands Disputed with Japan

BEIJING: A day after asking Japan to stop encroaching its territory, Chinese military today for the first time deployed its naval ships to patrol the islands disputed with Tokyo in the East China Sea. This is the first time in recent months China deployed its naval vessels for patrols in the islands waters replacing the […]

Saudi Arabia Boosts Oil Exports to 8-Month High

Saudi Arabia boosted crude exports in February to the highest level since June while it cut oil use at local power plants and refineries to the lowest since March 2011, according to Joint Organizations Data Initiative. The kingdom, the world’s largest crude exporter, increased daily shipments to 7.45 million from 7.09 million a month earlier, […]

Can Iraq meet its oil potential?

The debate over whether the Iraq War was really all about oil may never be fully resolved in some minds, but one thing is clear – either way, Iraq has yet to really cash in. The country’s GDP may have risen several fold in the decade since the war began, yet its income per capita […]

How the gold market was crashed

There’s been a recent huge draw down of physical gold at the New York COMEX and at the JPMorgan Chase depository. Look at the physical market draw down on the charts below. It has taken a drastic plunge. HOUSTON — we have a problem. Physical inventory drawdown at JPM Charts by Nick Laird of www.sharelynx.com […]

‘Peak oil’ fades, ‘fracking’ trends higher on Google searches

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Has peak oil peaked? Judging from the number of Google searches, it looks that way. On the other hand, the history of Google searches for terms related to hydraulic fracturing, or “fracking,” is on an upswing, although it ticked lower recently. Viewing the search history of “peak oil” over time revealed that the last time […]

Nevermind Peak Oil – What About the Price?

There have been many calls on peak oil – the tipping point at which global production reaches a peak – and, due to dwindling reserves, production declines, even if demand continues to rise. In reality, the industry and the technology have proved more resourceful than predictions have allowed and production has continued to rise. Indeed, […]

Oil crunch and Eurozone crisis

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We are three and a half years into the Eurozone crisis that kicked off in October 2009 when Greek minister of finance George Papaconstantinou made it apparent to the outside world that his country’s budget was essentially a gaping hole. The recent bailout (or bail-in where depositors and creditors have to pay their share) of […]

Completing the European Internal Energy Market

Following a Communication from the European Commission (EC) last November, assessing the state of play of the internal energy market, to be completed by 2014, the European Parliament’s Committee on Industry, Research and Energy (INTRE) will vote on its own report in May. The EC’s document highlights the benefits of a truly integrated European market for […]

How Empires Fall

The imperial tree falls not because the challenges are too great but because the core of the tree has been weakened by the gradual loss of surplus, purpose, institutional effectiveness, intellectual vigor and productive investment. Comparing the American Empire with the Roman Empire in its terminal decline is a popular intellectual parlor game. The comparison […]

US Crude Oil Production Sets Record in 2012

While advocates of solar, wind and other “Green” energy some are saying that renewable energy is the future, technological advances in the Oil and Gas industries will lead to abundant supplies well into the future, I have been saying for years that Peak Oil is a myth, it is. US Crude Oil production rose by […]

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