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News from April 2014

Fracking Is the Future

Fracking Is the Future thumbnail

Fracking is the future according to Lord John Browne, the former chief executive for BP. He is known as the fracking czar due to his enthusiasm to bring the process to Great Britain. Hydraulic fracturing, known as fracking, uses a combination of water, sand, and chemicals to separate shale from natural gas and oil. Lord […]


Turkey to become global energy hub

Turkey to become global energy hub thumbnail

Turkey has a good chance of becoming an energy hub if it maintains the gains it made in the last decade, Martin Raiser, country director for Turkey of the World Bank, said on Friday. “Turkey has taken major steps in the past decade and nearly half of them were to implement independent regulatory institutions to […]


Do the Math of Peak Oil and Convince Yourself

Do the Math of Peak Oil and Convince Yourself thumbnail

Until Colin J. Campbell and Jean H. Laherrère published their paper The End of Cheap Oil in 1998 (Campbell & Laherrére, 1998), the petroleum geologist Marion King Hubbert (1903 – 1989) was all but forgotten, including his correct forecast – back in 1956 – of the US’s peak of oil production in 1970 (Hubbert, 1956). […]


Mike Ruppert’s Story Part 7: South of the Border

Mike Ruppert’s Story Part 7: South of the Border thumbnail

   The morning of July 12, 2006, Carolyn Baker called.    “Are you sitting down?”    “Yes.” Then I did.    “Mike’s in Venezuela. He got there this morning.”    Email to Mike, August, 2006:    when carolyn told me where you were, i was shocked but not surprised. you had left a trail of breadcrumbs: the line, “there are […]


Hitchhiking Tweaked for Our Peak-Oil (Near) Future

Hitchhiking Tweaked for Our Peak-Oil (Near) Future thumbnail

When the Soviet Union collapsed back in the early ’90s, and shut off the spigots in Cuba, this island people was suddenly wrenched off the big oil tit. In short order, they started growing food organically inside their cities, losing weight (average 20 pounds that first winter), walking and biking more, and a law was passed that made […]


Dude, where’s my North Sea oil money?

Dude, where’s my North Sea oil money? thumbnail

For a few years, the UK enjoyed a once-in-a-lifetime windfall – only, unlike the Norwegians, we’ve got almost nothing to show for it Last Wednesday, every single Norwegian became a millionaire – without having to lift a lillefinger. They owe the windfall to their coastline, and a huge dollop of good sense. Since 1990, Norway […]


They’ve Found the Missing Fukushima Nuclear Cores … Scattered All Over Japan

They’ve Found the Missing Fukushima Nuclear Cores … Scattered All Over Japan thumbnail

We reported in May 2011 that authorities knew – within days or weeks – that all 3 active Fukushima nuclear reactors had melted down, but covered up that fact for months. The next month, we reported that Fukushima’s reactors had actually suffered something much worse: nuclear melt-throughs, where the nuclear fuel melted through the containment […]


Powerful solar flare triggers temporary communications blackout

Powerful solar flare triggers temporary communications blackout thumbnail

The sun erupted with a massive solar flare late Thursday (April 24), triggering a temporary communications blackout on some parts of Earth. The powerful flare peaked at 8:27 p.m. EDT Thursday (0027 April 25 GMT), and ranked as an X1.3-class solar storm, one of the strongest types of flares the sun can experience, according to […]


Food security: Ag’s big challenge

Food security: Ag’s big challenge thumbnail

CAN the world’s plant breeders and crop producers continue to increase food production at a pace to match a global population growth rate that is predicted to increase from the current 7.2 billion people to 9.6 billion by 2050? That was one of the weighty questions the world’s top wheat breeders grappled with at the […]


Canada energy minister urges US to ‘depoliticize’ Keystone XL

Canada energy minister urges US to ‘depoliticize’ Keystone XL thumbnail

Canada remains confident Washington will ultimately approve the Keystone XL pipeline to the U.S. Gulf Coast, two prominent cabinet ministers said on Friday, adding that the latest U.S. delay is political and not based on environmental concerns. In his first public remarks on the controversial project, the country’s new energy minister, Greg Rickford, said he […]


Mike Ruippert’s Story Part 6: Jackboots

Mike Ruippert’s Story Part 6: Jackboots thumbnail

   I didn’t let Mike smoke in the apartment when I was home so he would go downstairs in front of the building and talk to the doorman or tenants walking their dogs.  But when it was too cold for that (he was a California kid after all,) he simply slipped into the stairwell.    One […]


Have We Reached The Limits Of Growth?

Have We Reached The Limits Of Growth? thumbnail

Robert Gordon has painted a dark picture of the world’s long-run economic growth prospects. But if the past is any guide, he will likely join the band of earlier distinguished economists who proved to be far too pessimistic about the human capacity to innovate. Dennis Robertson, the renowned Cambridge economist and a contemporary of John […]


PBOC Pressures USD Hegemony; Starts Yuan-Denominated Gold & Oil Trading

PBOC Pressures USD Hegemony; Starts Yuan-Denominated Gold & Oil Trading thumbnail

With 23 foreign central banks diversifying from US Dollars to Renminbi and the PBOC actively aiding numerous major financial hubs around the world with bilateral currency swap agreements, it seems yet another nail in the coffin of US dollar hegemony just got hit… *PBOC AIMS TO SET UP GLOBAL PAYMENT SYSTEM FOR YUAN: SEC. NEWS […]


Beneath the Ukraine Crisis: Shale Gas

Beneath the Ukraine Crisis: Shale Gas thumbnail

Assistant Secretary of State for European Affairs Victoria Nuland, speaking to Ukrainian and other business leaders at the National Press Club in Washington on Dec. 13, 2013, at a meeting sponsored by Chevron. Behind the geopolitics pitting Russia against the West – and the ethnic tensions tearing Ukraine east and west – another backdrop for […]


Saudi Sniffs at Spreading Health Crisis

Saudi Sniffs at Spreading Health Crisis thumbnail

The Kingdom is accused of suppressing the spread of news about the deadly MERS virus, but failing to stop the spread of the virus itself Saudi Arabia’s doctors are having no luck stopping the deadly Middle East Respiratory Syndrome (MERS) virus from sweeping the country, but the government is doing much better at preventing news […]


Oil declines hurting Mexico

Oil declines hurting Mexico thumbnail

Mexico’s fiscal health is in jeopardy because of a declining rate of oil production, an analysis from the U.S. Energy Information Administration said. EIA updated its country profile for Mexico, noting the oil sector accounted for 13 percent of the country’s export earnings last year. Mexico is one of the top 10 oil-producing countries in […]


Defence of ‘blood for oil’distracts us from the deeper, systemic causes of the Crisis of Civilisation

Defence of ‘blood for oil’distracts us from the deeper, systemic causes of the Crisis of Civilisation thumbnail

Yesterday morning, Tony Blair – former Prime Minister and current Middle East envoy for the UN, US, EU and Russia – delivered one of the most Orwellian speeches of his career at Bloomberg London HQ, on the subject of ‘Why the Middle East matters’: “When we consider the defining challenges of our time, surely this […]


US readies more sanctions on Russia

US readies more sanctions on Russia thumbnail

The United States said on Friday it was prepared to impose further sanctions on Russia over its actions in Ukraine, where armed pro-Moscow separatists seized a bus carrying international mediators, escalating the two-month-old crisis. The separatist self-declared mayor of Slaviansk told Reuters the mediators were being held because they were believed to have a spy […]


Peak Oil Subvert

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An oil junkie goes cold turkey as the pumps dry up. A short film in the subvert genre, based on Peak Oil: depletion, supply, energy crisis, inflation, gas, gasoline prices, economy, unemployment, global warming and fuel.


Natural Gas In New York Marcellus Shale Costs More To Get It Out Than The Gas Is Worth

Natural Gas In New York Marcellus Shale Costs More To Get It Out Than The Gas Is Worth thumbnail

For years, the shale industry has touted the economic benefits it can provide. An overflowing supply of domestic natural gas will help keep heating and electric bills low for American consumers, they argue, while drilling jobs and astounding royalty windfalls for landowners will reinvigorate local economies. These tantalizing promises have caught the attention of politicians […]


Iranian natural gas pipeline is 75% complete

Iranian natural gas pipeline is 75% complete thumbnail

Iran is on track to complete construction work on a 100 km pipeline, which will transport natural gas to Iraq, in the next four months. Alireza Gharibi, Managing Director of Iranian Gas Engineering Development Company, stated that the pipeline is now 75% complete, with 80 km already built. Construction work on the Iraqi section will […]


Heinberg: The Gross Society

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Seeing only its title, a prospective reader might guess this essay is about our nation’s epidemic of obesity. Or could it be a sarcastic observation on the evolution of Lyndon Johnson’s Great Society? Might it be a jeremiad about the gross (i.e., offensive and disgusting) ways we waste and over-consume natural resources, or a comment on current television trends? […]


Peak Oil: Then What?

Peak Oil: Then What? thumbnail

Diminishing returns occurs when it takes more and more energy or other resources to produce the same amount of goods. In the case of oil supply, we reach diminishing returns because companies extract the easy-to-extract oil first. Thus, the price of oil rises because the oil that can be produced cheaply is mostly gone. If […]


Top Ten Reasons for ITER

Top Ten Reasons for ITER thumbnail

As climate change becomes a serious national security threat, we must look to the future for a clean, safe and sustainable source of energy for our future. The ITER experiment will be the largest experimental tokamak nuclear fusion reactor, located at Cadarache, France. Through ITER, we can find solutions to control fusion energy, so that […]


North Dakota Finds More Radioactive Oil Waste

North Dakota Finds More Radioactive Oil Waste thumbnail

North Dakota confirmed Thursday the discovery of a new radioactive dump of waste from oil drilling, and separately a company hired to clean up waste found in February at another location said it removed double the amount of radioactive material originally estimated to be there. The Canadian company hired to clean up the largest dump […]


What Happens When Oil Spills in the Arctic?

What Happens When Oil Spills in the Arctic? thumbnail

As sea ice melts and the oil industry prepares to exploit the Arctic’s vast resources, the United States faces big gaps in its preparedness for an oil spill in the region, according to a report released Wednesday by the National Research Council (NRC). The 183-page report marks the first time in more than ten years […]


Major oil, gas firm to list fracking chemicals

Major oil, gas firm to list fracking chemicals thumbnail

A major supplier to the oil and gas industry says it will begin disclosing 100% of the chemicals used in hydraulic fracturing fluid, with no exemptions for trade secrets. The move by Baker Hughes of Houston is a shift for a major firm; it’s unclear if others will follow suit. The oil and gas industry […]


War Makes Us Poor

War Makes Us Poor thumbnail

Preface: Many Americans – including influential economists and talking heads – still wrongly assume that war is good for the economy. Many congressmen assume that cutting pork-barrel military spending would hurt their constituents’ jobs. As demonstrated below, it isn’t true. Nobel-prize winning economist Joseph Stiglitz says that war is bad for the economy: Stiglitz wrote in 2003: War is widely thought to be linked to economic […]


Shale Gas Explorers Could Pump $55B into Britain

Shale Gas Explorers Could Pump $55B into Britain thumbnail

The development of shale gas in Britain could create more than 64,000 jobs and give local businesses a 33-billion-pound ($55.37 billion) capital injection, according to an Ernst & Young report commissioned by an industry body. Shale gas explorers would need to spend that amount on their supply chains for drilling work over 18 years, said […]


What If We Never Run Out of Oil?

What If We Never Run Out of Oil? thumbnail

New technology and a little-known energy source suggest that fossil fuels may not be finite. This would be a miracle—and a nightmare. As the great research ship Chikyu left Shimizu in January to mine the explosive ice beneath the Philippine Sea, chances are good that not one of the scientists aboard realized they might be […]


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