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News from September 2013

How Falling Oil Imports Doubled the US Strategic Petroleum Reserve

How Falling Oil Imports Doubled the US Strategic Petroleum Reserve thumbnail

Falling oil imports have greatly expanded the capability of the US Strategic Petroleum Reserve to replace oil imports in a crisis, although prices would still rise. The SPR remains an imperfect backstop. Post-Syria, it is high time for Congress and the White House to address its gaps after four decades of change. Last week’s deal between the US […]


Energy Poverty and Skinny Grids

Energy Poverty and Skinny Grids thumbnail

Energy efficiency, not the falling price of solar, has done the heavy lifting when it comes to unlocking the economics of distributed clean energy for the poor. The reduced demand from LEDs brings the size, and therefore cost, of everything down from solar panel to battery. Imagine if we took this lesson – energy efficiency […]


Energy supply and constraints: Peak oil, revolutions and panic

Energy supply and constraints: Peak oil, revolutions and panic thumbnail

There is a potentially catastrophic disconnect developing in the circuitry that powers the world. Sometime in the next 30 years, the planet may approach a point where its infrastructure and resources can no longer satisfy the exponential growth in human demands, especially among its least advantaged and most rapidly growing populations. That is, of course, […]


America’s Peak Oil Plan in Two Charts

America’s Peak Oil Plan in Two Charts thumbnail

It’s easy to talk about peak oil in a theoretical sense and ignore the real changes that are already happening. Not only is America producing more of its own oil, but overall energy consumption and oil consumption are falling. The lack of cost effective oil is a major global problem, but within the U.S. peak […]


Agenda 21 Revealed

Agenda 21 Revealed thumbnail

Agenda 21 is a major tool of the New World order, conceived in 1992 in Rio DeJaniero at the “Earth Summit.” Its original name, “Sustainable Development”, began in 1987 with Gro Harlem Brundtland, VP of the World Socialist Party.  Heavily promoted to the public as the salvation for this planet and every human being, it […]


The Benefits Of The Oil Field

The Benefits Of The Oil Field thumbnail

HERREID, SD – A town where people lining the streets know and care about each child in a homecoming parade is the type of town Lonny and Tarrah Strid wanted to call home. That’s what they found in Herreid. “It’s very hometown feeling. That’s what we liked about it so that’s why we moved here,” […]


Why Canada’s Oil Future isn’t Going South

Why Canada’s Oil Future isn’t Going South thumbnail

Canadian Natural Resources Minister Joe Oliver said last week it was time to add more diversity to an energy sector that relies almost exclusively on the United States. New drilling technologies for shale have translated to major gains in U.S. oil and natural gas production, which itself translates to a U.S. economy that relies less […]


Saudi Arabia Threatens to “End Career” of AP Reporter Over Chemical Weapons Story

Saudi Arabia Threatens to “End Career” of AP Reporter Over Chemical Weapons Story thumbnail

Journalist who exposed how rebels were behind August 21st attack faces intimidation Associated Press reporter Dale Gavlak has been threatened over her involvement in a story which exposed how Syrian rebels were responsible for the August 21st chemical weapons attack after being handed the weapons by Saudi intelligence agents. Image: Saudi Prince Bandar bin Sultan […]


There is no population explosion on this planet

There is no population explosion on this planet thumbnail

Our population problem isn’t too many humans on the planet, but too few owning too much of it Too many people for too little land,” David Attenborough said last week, makes it “barmy” to send food to Africa, before going on to say that he wants to “start a debate about overpopulation”. Stephen Emmott, author of […]


Iraq ‘to switch focus from oil’

Iraq ‘to switch focus from oil’ thumbnail

Iraq is aiming for nearly $360 billion in investment in new development projects as the Opec member nation hatches a plan to move its economy away from such a heavy dependence on oil revenues. The major hydrocarbons producer is to focus on developing its industrial sector under a new plan running until 2017, Reuters reported. […]


New Frontiers: a litany of oil pipeline/midstream woes bedevil the Mideast

New Frontiers: a litany of oil pipeline/midstream woes bedevil the Mideast thumbnail

It’s not enough to produce a lot of oil. It has to be taken to market. And in the Middle East, that’s increasingly a problem, as Tamsin Carlisle discusses in this week’s Oilgram News column, New Frontiers. ——————————————— Continued Middle East turmoil is casting a harsh light on the state of the region’s inadequate interstate […]


Shocker, The World Is Depending On The USA to Save Us From Peak Oil

Shocker, The World Is Depending On The USA to Save Us From Peak Oil thumbnail

Everyone is going nuts over US tight oil production, known in some circles as shale oil. They point to the sudden rise in US oil production, then they extrapolate that into the future for several years and come to the conclusion that there will soon be a glut of crude oil on the market. Prices […]


After coal, W.Va. ponders gas trust fund

After coal, W.Va. ponders gas trust fund thumbnail

For decades, coal from West Virginia’s vast deposits was mined, loaded on rail cars and hauled off — without leaving behind a lasting trust fund financed by the state’s best-known commodity. Big coal’s days are waning, but now a new bonanza in the natural gas fields has state leaders working to ensure history doesn’t repeat […]


Radical Embrace: Breaking the Cycle of an Unfertile Demise

Radical Embrace: Breaking the Cycle of an Unfertile Demise thumbnail

Every once in a while we read something that stops us in our tracks. But in short time, we forget about it. Less frequently, we read something that stays with us, grows in us, and rather than disappear, it changes us so that every aspect of our very lives is tinged by the new information. […]


The House that Randy Built

The House that Randy Built thumbnail

One of the nice aspects of the 7+ years I have been involved with The Oil Drum has been attending conferences and meeting with some of my cyber friends, who by and large figure among the nicest bunch of folks I ever met. In 2007 I attended the ASPO meeting in Houston and it was […]


OPEC Exports to Rise on Saudi Arabia Supply

OPEC Exports to Rise on Saudi Arabia Supply thumbnail

The Organization of Petroleum Exporting Countries will increase crude shipments by 1.4 percent through to early October as Saudi Arabia boosts output amid losses in Libya, tanker tracker Oil Movements said. OPEC, which supplies about 40 percent of the world’s oil, will raise exports by 320,000 barrels a day to about 23.9 million a day […]


US Embraces Cruel Dictators Who Host the Navy and Supply Our Oil

US Embraces Cruel Dictators Who Host the Navy and Supply Our Oil thumbnail

Although normally the Washington Post (WP) editorial board hawks war, it sharply criticized the White House for its hypocrisy on denouncing cruel dictators who defy the United States while embracing cruel dictators who are pro-US, particularly when they ship us a lot of oil and allow the Navy’s 5th fleet to establish headquarters there. The […]


Horizontal drilling, fracking begins in old, shallow oil and gas fields

Horizontal drilling, fracking begins in old, shallow oil and gas fields thumbnail

If we could take a tiny glass elevator down the trajectory of a Marcellus Shale well, we would see slabs of coal, sandstone, shale and siltstone alternating and colliding with one another for thousands of feet until we finally reach the target rock. Today, half a dozen local oil and gas companies are forgoing the […]


What Will Power America’s Future? The Case for Oil

What Will Power America’s Future? The Case for Oil thumbnail

Deep down, we all fear the world will become a scene from the film Mad Max. Global oil supplies dry up and cause a complete breakdown in law and order as we desperately search for the trace amounts of oil left. While we find the chances of this actually happening to us as extremely slim, […]


AFTERMATH – World Without Oil

AFTERMATH – World Without Oil thumbnail

What would our world look like if we ran out of oil? The lifeblood of our high-tech, highly mobile world won’t last forever. Watch one scenario of what happens when one day oil does run out. How might our world change and how would we adapt? Aftermath follows the chaotic days and months after this […]


Risk Is Priced in Oil Market

Risk Is Priced in Oil Market thumbnail

Adam mesh Trading Group Chief Strategist Adam Horwitz discusses his play for oil with Alix Steel on Bloomberg Television’s “Market Makers.” (Source: Bloomberg)


How The Economic Machine Works

How The Economic Machine Works thumbnail

The economy is like a machine. At the most fundamental level, Bridgewater’s Ray Dalio explains in this excellent video introduction, it is a relatively simple machine. But, he adds, many people don’t understand it – or they don’t agree on how it works – and this has led to a lot of needless economic suffering. […]


A look at global population trends

A look at global population trends thumbnail

Too many people is a big problem, but too few is a concern as well. The story of the 21st century has been one of falling birthrates, rising standards of living, and a revolution in food production. But the global picture is uneven: As populations decline in wealthier nations, in other countries – particularly in […]


Iraqi Kurds vote as oil-rich region seeks greater autonomy

Iraqi Kurds vote as oil-rich region seeks greater autonomy thumbnail

Iraqi Kurds voted on Saturday for a new parliament that analysts said was poised to lead the oil-producing region further down the road to greater autonomy from Baghdad. The region’s rulers have been at odds with the central government over control of crude reserves, and have infuriated Baghdad by negotiating their own deals with oil […]


Oil Thieves Bleed Nigeria, Officials Profit

Oil Thieves Bleed Nigeria, Officials Profit thumbnail

Oil is being stolen on an “industrial scale” in Nigeria, the world’s 13th largest producer, and the country’s politicians and security officials are among those profiting, according to a new report from a prominent British research group. Thieves steal an estimated average of 100,000 barrels a day, the report said; working in elaborate networks and […]


Libyan oil production rebounding

Libyan oil production rebounding thumbnail

Oil production from Libya should be up to about 700,000 barrels per day, with some fields returning to service, an oil company official said. Mustafa Sanalla, a board director at National Oil Co., told investors in London this week oil production should nearly double from the 243,000 barrels per day reported recently because of the […]


Alan Weisman’s ‘Countdown’ points to Earth’s population explosion

Alan Weisman’s ‘Countdown’ points to Earth’s population explosion thumbnail

Alan Weisman, the author of bestseller ‘The World Without Us,’ says population is going in the wrong direction to let us achieve ecological sustainability. How many people can the planet support? In “The World Without Us,” Alan Weisman took readers for a romp through the misty primeval forest in Poland and splashed into gin-clear waters […]


Plundering the planet: an update

Plundering the planet: an update thumbnail

This is a written version of a talk I gave at the meeting of the club of Rome, in Ottawa, on Sep 19 2013. Ladies and gentlemen, in this short talk I’ll see to give to you an update of the status of the “Plundering the Planet” book,  which, as you know, is a report […]


Peak Oil Is Real – On The Demand Side

Peak Oil Is Real – On The Demand Side thumbnail

In 1956, a little-known geologist named Marion King Hubbert published a paper predicting that oil supplies were destined to reach a peak as the cheap and easy to tap reservoirs were depleted over time. He predicted that US oil production would peak somewhere between the late 1960s to early 1970s. Others, including oil financier Mathew […]


How Much Longer Can Earth Support Life?

How Much Longer Can Earth Support Life? thumbnail

Earth could continue to host life for at least another 1.75 billion years, as long as nuclear holocaust, an errant asteroid or some other disaster doesn’t intervene, a new study calculates. But even without such dramatic doomsday scenarios, astronomical forces will eventually render the planet uninhabitable. Somewhere between 1.75 billion and 3.25 billion years from […]


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