Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


News from August 2014

Collapse Cafe – Dmitry Orlov

Collapse Cafe – Dmitry Orlov thumbnail

Collapse Cafe – Dmitry Orlov part 2 (supply chains, population decline and community)


The World Isn’t Running Out of Water

The World Isn’t Running Out of Water thumbnail

Apparently a quote from environmental activist Maude Barlow of the Council of Canadians has made it into the new Mad Max movie.  The Council of Canadians even wonders aloud if Barlow is the inspiration for Mad Max. The quote from Barlow in Mad Max is that “the world is actually running out of water,” sampled […]


Forget “Peak Oil” and “Peak Credit” … Are We On the Downslope of “Peak Intelligence”?

Forget “Peak Oil” and “Peak Credit” … Are We On the Downslope of “Peak Intelligence”? thumbnail

Is Modern Life Making Us Dumber? Scientists say that we have much smaller brains than our ancestors had 20,000 years ago … and we might have gotten stupider since agriculture became widespread. Huffington Post reports that we’ve probably gotten dumber than even our Victorian ancestors: A provocative new study suggests human intelligence is on the […]


Fractures in Arab Gulf alliance a greater threat to oil security than Islamic State

Fractures in Arab Gulf alliance a greater threat to oil security than Islamic State thumbnail

Break up of the Gulf Co-operation Council could threaten world’s largest oil fields as Saudi Arabia and Qatar lock horns over alleged support for Islamists Fighters of al Qaeda linked ISIL carry their weapons during a parade in a Syrian town Photo: Reuters In 1981 six Arab monarchies, which today control about a fifth of the […]


The Time for Burning Coal Has Passed

The Time for Burning Coal Has Passed thumbnail

“People have gathered here to tell their politicians that the way in which we used energy and our environment in the 19th and 20th centuries is now over,” says Radek Gawlik, one of Poland’s most experienced environmental activists. “The time for burning coal has passed and the sooner we understand this, the better it is […]


Norway to Cut Oil-Production Forecasts as Costs Delay Projects

Norway to Cut Oil-Production Forecasts as Costs Delay Projects thumbnail

Norway, western Europe’s biggest oil producer, will probably cut its long-term forecast for crude production as companies reduce spending to counter rising costs and improve shareholder returns. As investments in Norway’s oil industry fall after a peak this year, production beyond 2015 will be lower than expected, according to Bente Nyland, head of the Norwegian […]


The Energetic Basis of Wealth

The Energetic Basis of Wealth thumbnail

Last year I did an analysis to try to understand whether it’s possible to feed the world sustainably. Today I’d like to try to understand what happens to countries as they must rely upon the sun for energy (and, indirectly, wealth). An old proposition in the sustainability community is that the material wealth we enjoy […]


The Taliban With Oil Fields: Islamic State a Formidable Money Machine

The Taliban With Oil Fields: Islamic State a Formidable Money Machine thumbnail

With its reign of terror over a large population and ability to self-finance on a staggering scale, the extremist group that beheaded American journalist James Foley resembles the Taliban with oil wells. The Islamic State, which now controls an area of Iraq and Syria larger than the U.K., may be raising more than $2 million […]


The Status Quo’s Model Of “How The World Works” Is Broken

The Status Quo’s Model Of “How The World Works” Is Broken thumbnail

The Status Quo is dysfunctional because its model of how the world works is broken. Much has been written about the dysfunction in Washington D.C. Pundits have been wringing their hands for years over the rise of bitter partisan politics and the resulting gridlock. The impact of this–what I have termed profound political disunity–extends beyond […]


How Norway has avoided the ‘curse of oil’

How Norway has avoided the ‘curse of oil’ thumbnail

As one of the centres of Norway’s booming oil and gas industries, it is also a very wealthy place. Yet there are few displays of ostentatious spending – there are no supercars with tinted windows, no designer handbag shops, and no queues of people outside exclusive nightclubs. For while other countries have struck oil and […]


A look into heart of jihadist ‘caliphate’ in Syria, Iraq

A look into heart of jihadist ‘caliphate’ in Syria, Iraq thumbnail

“What do you want to be? A jihadist, or to execute a martyrdom operation?” In the “caliphate” recently proclaimed by jihadists in Syria and Iraq, even young children are indoctrinated, and Sharia law is backed by the gun, according to a gripping documentary offering one of the first glimpses of life in Raqqa, power base […]


Orlov: It’s the Saudis, Stupid!

Orlov: It’s the Saudis, Stupid! thumbnail

[Just nine days after I pointed out that Obama’s latest “humanitarian” bombing puts American lives in danger, we have the video of the journalist James Foley’s beheading at the hands of Daash, a.k.a. Islamic Caliphate, a.k.a. ISIS/ISIL. Well, that didn’t take long! But there is more to the story: what stands behind this event, and […]


10B Barrels of Undeveloped Resources on Norwegian Continental Shelf

10B Barrels of Undeveloped Resources on Norwegian Continental Shelf thumbnail

Norway has 10 billion barrels of oil equivalent of discovered hydrocarbons that are yet to be developed, according to new analysis released Tuesday at Stavanger’s ONS 2014 conference by Wood Mackenzie. Wood Mackenzie said that, despite being at different stages of evaluation, facing intense investor scrutiny and considerable technical and commercial challenges, more than 60 […]


Peak Oil: “Malthusian Requirements”

Peak Oil: “Malthusian Requirements” thumbnail

Recently, in challenging contentions I had raised, “RGR”—an otherwise unnamed commenter (a petroleum engineer, if I understood correctly)—offered this: Richard, are you aware of the history of peak oil claims, and the similarity of those claims with those started during the ‘modern’ peak oil era (starting with Colin Campbells 1989 claim)? If so (and you […]


Saudi Aramco Chief Executive Warns on Oil Supply

Saudi Aramco Chief Executive Warns on Oil Supply thumbnail

The chief executive officer of Saudi Aramco, the world’s biggest oil producer, said Monday that worries such as rising oil-sector costs and global turmoil could lead to a lack of oil supplies down the line, if oil companies fail to make sufficient investments. “The factors I just highlighted are likely to put downward pressure on […]


The ISIS’ Top Line: $2 Million In Daily Revenue From “Oil Sales, Extortion, Taxes And Smuggling”

The ISIS’ Top Line: $2 Million In Daily Revenue From “Oil Sales, Extortion, Taxes And Smuggling” thumbnail

A few days ago when we commented, somewhat in jest, on the seemingly impressive strategic planning behind the Islamic State jihadists becoming a “commodities trading powerhouse” (when it was revealed that ISIS had sold the grain it had stolen from the Itaqi government back to the government), we described just how well-versed in the ways […]


Nuclear Sabotage in Europe?

Nuclear Sabotage in Europe? thumbnail

Here’s a curious story out of Belgium that is receiving no media attention (outside a few mentions in the specialized press) in the US: Belgian Doel-4 Nuclear Reactor Closed Till Year-End PARIS, Aug 14 (Reuters) – Belgian energy company Electrabel said its Doel 4 nuclear reactor would stay offline at least until the end of […]


Replacing coal with biogas

Replacing coal with biogas thumbnail

RNE has a look at some CEFC programs to increase the use of biogas in Australia – Major beef processor turns to biogas to halve power bills. One of Australia’s largest meat processors – and a major regional employer, providing 830 jobs – is among the latest recipients of funding from the Clean Energy Finance […]


The Catch-22 of Energy Storage

The Catch-22 of Energy Storage thumbnail

Pick up a research paper on battery technology, fuel cells, energy storage technologies or any of the advanced materials science used in these fields, and you will likely find somewhere in the introductory paragraphs a throwaway line about its application to the storage of renewable energy.  Energy storage makes sense for enabling a transition away […]


How The Current Mass Extinction Of Animals Threatens Humans

How The Current Mass Extinction Of Animals Threatens Humans thumbnail

More species are becoming extinct today than at any time since dinosaurs were wiped off the face of the Earth by an asteroid 65 million years ago. Yet this bio-Armageddon, caused mainly by humans, is greeted by most of us with a yawn and a shrug. One fewer bat species? I’ve got my mortgage to […]


Saudi Aramco Plans To Invest $40B A Year For The Next Decade

Saudi Aramco Plans To Invest $40B A Year For The Next Decade thumbnail

Saudi Aramco plans to invest $40 billion a year over the next decade to keep oil production capacity steady and double gas production, CEO Khalid Al-Falih says. Argentina and Mexico’s governments are setting a trend in Latin America that should extend through 2020 toward maximizing rather than nationalizing oil and gas resources, making the region […]


Can You Guess Which Country Depends Most Heavily on Russian Gas?

Can You Guess Which Country Depends Most Heavily on Russian Gas? thumbnail

When it comes to energy, Germany is a bit of a conundrum. It’s a global leader in renewables usage, having increased the share of renewables in its total energy consumption from 6% to an impressive 25% over the past decade. Yet it’s also a heavy user of coal – a fact that’s glaringly inconsistent with […]


Sustained Growth On A Finite Planet

Sustained Growth On A Finite Planet thumbnail

In recent years, it has been increasingly popular to make statements along the line that exponential* economic growth cannot continue forever in a finite planet. (One of the more popular examples of this argument was the essay Exponential Economist Meets Finite Physicist, by Tom Murphy, an Associate Professor of Physics at the University of California, […]


Global Gasoline Guzzling Set To Plummet

Global Gasoline Guzzling Set To Plummet thumbnail

Policies designed to minimise and redefine dependence upon oil for transportation have been the talk of many towns around the world over the past several years, leading Navigant Research to posit that gasoline consumption for road transportation will fall by 4% from 2014 to 2035. Policies intended to reduce fuel consumption have ranged from subsidising […]


Is Henry Hub Obsolete As The National Price Benchmark?

Is Henry Hub Obsolete As The National Price Benchmark? thumbnail

Summary The changing structure of the market for natural gas makes price realizations by producers in the Marcellus/Utica region disconnect from traditional benchmarks. The Henry Hub pricing no longer adequately describes producer economics or producer behavior in the increasingly important Northeast region. While Henry Hub will preserve its prominence as the key national benchmark, a […]


Islamic State renews push for Iraq oil field

Islamic State renews push for Iraq oil field thumbnail

The Islamic State group has launched a renewed push to seize Iraq’s main oil refinery north of Baghdad, battling security forces backed by air support, authorities and witnesses said. At least three Iraqi security personnel were killed, and seven others were injured in the fighting on Sunday, in which fighters attacked the Baiji refinery from three […]


Sorry, Solar and Wind, but Natural Gas Wins

Sorry, Solar and Wind, but Natural Gas Wins thumbnail

Fracking is expected to fuel an astounding 56% surge in U.S. natural gas production from 2012 to 2040 according to projections from the U.S. Energy Information Agency, or EIA. Because of that, surging production utilities are expected to build 1,600 million megawatt hours of new natural gas-fired electric power generation by 2040. That’s an incredible […]


Egypt looks to secure LNG production and supply

Egypt looks to secure LNG production and supply thumbnail

With its significant reserves of liquefied natural gas (LNG), Egypt has been a key exporter for regional consumers over the past decade but with growing domestic consumption and a number of fiscal constraints, the country has been looking to secure additional supplies by expanding LNG capacity. In May the Egyptian government signed a letter of […]


Only 5% of the world’s population have ever been on an airplane

Only 5% of the world’s population have ever been on an airplane thumbnail

Though the aviation sector is growing rapidly, according to the statistics only 5% of the world’s population has ever flown on an airplane. Many people, especially from the underdeveloped regions, have never ever been in an aircraft and it is not likely that they will have an opportunity to fly in all of their lives. […]


Why Radiation is Safe and Why All Nations Should Embrace Nuclear Energy

Why Radiation is Safe and Why All Nations Should Embrace Nuclear Energy thumbnail

Dr. Wade Allison — retired professor of physics and medical physics at Oxford University, author of Radiation and Reason and a founding member of the international SARI group (Scientists for Accurate Radiation Information — has recently published a video titled Why radiation is safe & all nations should embrace nuclear technology – Professor Wade Allison […]


« Previous PageNext Page »



Oil News Categories


Recent Board Topics


Archive


LATEST NEWS HEADLINES


PO Real Time

@g_kallis Dr. @BrankoMilan seems to believe that spreading ideas against the established ones and against the interests of the establishment is a fast way to mass a big fortune. By this standard Karl Marx preached to get rich. But being selfish or not #Peakoil is here. #Degrowth

@paulcurrion @RodZeidan @giancarlotorpi @BrankoMilan Touché ! This is one of the problems with some economists: they have invested so much time preaching the goodness of growth that they cannot stop without risking their intellectual prestige. #Peakoil