Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


News from March 2015

Pentagon Sending Troops Into Ukraine In April

Pentagon Sending Troops Into Ukraine In April thumbnail

According to a Department of Defense press release, the Pentagon is sending 290 US service members into Ukraine to train Ukrainian military units in April. The training will reportedly occur in the Ukrainian city of Yavoriv near the Ukraine-Poland border. The US soldiers will be from the 173rd Airborne Brigade based in Vicenza, Italy. The […]


Fears That Iran Will ‘Flood’ the Oil Market Exaggerated

Fears That Iran Will ‘Flood’ the Oil Market Exaggerated thumbnail

Oil industry experts say it is unlikely that Iran will flood the market with oil if sanctions are lifted as a result of Iranian nuclear talks, quelling fears that the talks would spook the markets. Negotiations between Iran and the U.S., UK, France, Russia, China and Germany – the so-called P5+1 group – reconvene this […]


Nuclear Safety in a Post-Fukushima World

Nuclear Safety in a Post-Fukushima World thumbnail

A gate to exclusion zone is seen in abandoned town, located about 8km from Fukushima Daiichi nuclear power plant on March 9, 2014 in Fukushima, Japan. On March 11 Japan commemorates the third anniversary of the magnitude 9.0 earthquake and tsunami that claimed more than 18,000 lives, and subsequent nuclear disaster at the Fukushima Daiichi […]


Cargo Bikes Are the Perfect Mode of Transportation

Cargo Bikes Are the Perfect Mode of Transportation thumbnail

  With Americans driving less and more cities encouraging people to bike, the humble cargo bike has quietly gained traction in the U.S. Parents are pedaling their kids to school in front-loading “bakfiets” (or “box bike” in Dutch), and food vendors are zipping through traffic to deliver coffee and other goodies.   Cargo bikes are […]


Heinberg: AFTERBURN Society Beyond Fossil Fuels

Heinberg: AFTERBURN Society Beyond Fossil Fuels thumbnail

The advent of fossil fuels changed the world profoundly (giving us everything from plastics and automobiles to global warming); the inevitable and rapidly approaching end of the oil-coal-and-gas era will likewise bring overwhelming transformation in its wake. My new book Afterburn explores that transformation—its opportunities and challenges—in sixteen essays that address subjects as varied as […]


U.S. Caves to Key Iranian Demands

U.S. Caves to Key Iranian Demands thumbnail

The Obama administration is giving in to Iranian demands about the scope of its nuclear program as negotiators work to finalize a framework agreement in the coming days, according to sources familiar with the administration’s position in the negotiations. U.S. negotiators are said to have given up ground on demands that Iran be forced to […]


Record traffic is boosting U.S. fuel demand

Record traffic is boosting U.S. fuel demand thumbnail

Traffic on U.S. highways has hit a new record as the economy recovers and the lower cost of gasoline and diesel encourages more travel. Cars and trucks drove a record 3.050 trillion miles on U.S. highways in the 12 months ending in January, passing the previous peak of 3.039 trillion set in the 12 months […]


China’s crude storage nearly full

China’s crude storage nearly full thumbnail

China’s commercial and strategic oil storage is almost full, a Sinopec trading executive said on Wednesday, leaving little room for Asia’s top oil consumer to keep up its soaring import growth and adding downward pressure to an already oversupplied market. China’s purchases to fill its strategic petroleum reserves (SPR) was one of the main drivers […]


New England New Economy Transition

New England New Economy Transition thumbnail

On Saturday, March 21, fifty organizers and activists from all six New England states (plus one intrepid Californian) gathered in Keene NH to discuss resilience, Transition, and the future we want to create. It was an amazing chance to realize that we are not alone in this work! After introductions, Cheryl King Fisher kicked us […]


Lessons From The German Hyperinflation Of The 1920s

Lessons From The German Hyperinflation Of The 1920s thumbnail

The German hyperinflation episode in the early 1920s is often quoted as an example of the dire consequences of excessive money printing – a leading industrial economy succumbing to the dangers of currency debasement promoted by incompetent central bankers. Alas, the reality is more complex than that, particularly when certain geopolitical and economic constraints of […]


Why Bombing the 39th Biggest Oil Producer Is Roiling the Market

Why Bombing the 39th Biggest Oil Producer Is Roiling the Market thumbnail

While Yemen contributes less than 0.2 percent of global oil output, its location puts it near the center of world energy trade. The nation shares a border with Saudi Arabia, the world’s biggest crude exporter, and sits on one side of a shipping chokepoint used by crude tankers heading West from the Persian Gulf. Global […]


Coalition, Iraqi planes target IS militants in Tikrit

Coalition, Iraqi planes target IS militants in Tikrit thumbnail

Coalition and Iraqi planes struck a sprawling complex of palaces in the city of Tikrit on Thursday where Islamic State militants have been holding out for more than three weeks. U.S.-led coalition planes launched their first air strikes against Islamic State targets in Saddam Hussein’s home city on Wednesday, coming off the sidelines to aid […]


John Michael Greer: Planet of the Space Bats

John Michael Greer: Planet of the Space Bats thumbnail

As my regular readers know, I’ve been talking for quite a while now here about the speculative bubble that’s built up around the fracking phenomenon, and the catastrophic bust that’s guaranteed to follow so vast and delusional a boom. Over the six months or so, I’ve noted the arrival of one warning sign after another […]


Saudi ambassador announces military campaign in Yemen

Saudi ambassador announces military campaign in Yemen thumbnail

The Saudi ambassador to the United States says his country has begun airstrikes against the Houthi rebels in Yemen, who drove out the U.S.-backed Yemeni president. Ambassador Adel al-Jubeir says the operations began at 7 p.m. Eastern time. He says the Houthis, widely believed to be backed by Iran, “have always chosen the path of […]


EIA Forecasts 2015 Natural Gas Production

EIA Forecasts 2015 Natural Gas Production thumbnail

Weather – a major catalyst The weather is the major driver of natural gas prices. By watching the weather, investors can get an idea of how prices will likely move in the short term. These prices in turn drive short-term movements in stock prices of natural gas producers such as Chesapeake Energy (CHK), QEP Resources (QEP), […]


One earthquake could cut off 70% of California’s water supply

One earthquake could cut off 70% of California’s water supply thumbnail

What do you get when you cross a record-setting drought with an earthquake? This question was recently asked on NPR, and it isn’t a pleasant visual. The devastation to the precarious water supply caused by a 7.8 magnitude quake on the San Andreas Fault could sever all four aqueducts at once, cutting off more than […]


Electric cars actually causing more pollution

Electric cars actually causing more pollution thumbnail

Al Gore, call your office! A University of Toronto professor says owning an electric car in some Canadian provinces could actually be worse for the environment than conventional gas-powered automobiles. In Alberta, Saskatchewan and Nova Scotia, electric cars generate more carbon pollution over their lifetimes than gas-powered cars, according to Chris Kennedy, a professor of […]


Kuwait Seen Missing 2020 Oil-Production Target

Kuwait Seen Missing 2020 Oil-Production Target thumbnail

Stymied by political opposition to foreign oil companies, Kuwait oil officials have privately acknowledged the country won’t meet a goal of boosting oil-production capacity 25% by 2020, people familiar with the matter said. The delay throws a spotlight on the fractious politics of a rare Middle Eastern country where an elected parliament holds real power, […]


Peak Oil, The Hubbert Theory In One Graph

Peak Oil, The Hubbert Theory In One Graph thumbnail

But, like global warming, the discussion on Peak Oil is closed. And now there’s so much oil being produced, the oil industry is voluntarily cutting back production — because the price is too low. ************************************* Gasoline Prices Here And There, Then And Now From the March 10, 2015, EIA report (a dynamic link): U.S. average […]


Pickens: Oil Could Hit $100 A Barrel

Pickens: Oil Could Hit $100 A Barrel thumbnail

Amid falling oil prices mostly due to fears of oversupply and a surging U.S. dollar, American business magnate and financier T. Boone Pickens said Tuesday that oil prices could reach $100 a barrel by the end of next year. The 86-year-old billionaire, who chairs the hedge fund BP Capital Management, also revised his previous forecast […]


Arab leaders confronted with multiple crises

Arab leaders confronted with multiple crises thumbnail

Arab leaders meeting at a summit this week face rapidly deteriorating conflicts in Yemen and Libya, but have yet to agree on a concrete plan to counter a growing threat from Islamist militant groups and regional chaos. Yemen’s crisis will be high on the agenda at the March 28-29 Arab League meeting in the Egyptian […]


Heinberg: Goldilocks Is Dead

Heinberg: Goldilocks Is Dead thumbnail

Five years ago I wrote an article for Reuters titled “Goldilocks and the Three Fuels.” In it, I discussed what I call the Goldilocks price zone for oil, natural gas, and coal, a zone in which prices are “just right”—high enough to reward producers but low enough to entice consumers. Ever since the start of […]


Jordan signs $10 billion nuclear power plant deal with Russia

Jordan signs $10 billion nuclear power plant deal with Russia thumbnail

Jordan signed an agreement with Russia on Tuesday worth $10 billion that sets the legal basis for building the kingdom’s first nuclear power plant with a total capacity of 2,000 megawatt. Jordan imports nearly 98 percent of its energy from oil products and crude and is struggling to meet electricity demand which is growing by […]


This Changes Everything. So Now What?

This Changes Everything. So Now What? thumbnail

“Economic Power is always tied to Political Power. And what is happening is that we want political power, but we put ourselves into economically powerless situations and wonder why we aren’t more empowered.” -Ashley Sanders Blog post submitted by Russell Evans, Transition Lab In the last year, I’ve read and enjoyed the discussions coming out […]


King Coal faces the end of its reign

King Coal faces the end of its reign thumbnail

The coal industry is in crisis. It has failed to recognize the structural shift in power generation driven by regulation rather than price and has missed the window of opportunity to invest in clean coal technologies. Now it faces a slow King Canute style demise, as elaborated by Ross McCracken, managing editor of Platts Energy Economist. […]


JODI, Iraqi Reserves and Ghawar

JODI, Iraqi Reserves and Ghawar thumbnail

The JODI data just came in with production numbers for January 2015. I really don’t like JODI all that much but they are about two and one half months ahead of the EIA with their world data. And their data is incomplete so I have to substitute the EIA data for the countries that do not […]


Americans Drove 3 Trillion Miles Last Year, Prove ‘Peak Car’ Was Hype

Americans Drove 3 Trillion Miles Last Year, Prove ‘Peak Car’ Was Hype thumbnail

  This is The Morning Shift, our one-stop daily roundup of all the auto news that’s actually important — all in one place every weekday morning. Or, you could spend all day waiting for other sites to parse it out to you one story at a time. Isn’t your time more important? 1st Gear: It’s […]


Population.io

Population.io thumbnail

Population.io is a project supported by the World Bank, the International Institute for Applied Systems Analysis (IIASA), and several volunteers, which aims to make demography accessible to a wider audience. Population.io allows the users to see how they fit statistically in the world population revealing interesting data such as the percentage of people in the […]


“Over” Population?

“Over” Population? thumbnail

The issue of human “overpopulation” of Earth is the subject of much debate.  The “Agenda 21″ advocates insist that the human population must be reduced or, at least, controlled.  The “elite” (financially wealthy, greed-driven, Caucasian, self-appointed, Only Ones, Divinely Entitled, self-important, Entitled by Manifest Destiny of the One and Only God) insist that the optimum […]


Global demand for water to overtake its supply by 2050

Global demand for water to overtake its supply by 2050 thumbnail

Global demand for water will outstrip supply if the current population growth trends and present of levels of water consumption continue, a study has predicted. The researchers used what is called a delayed-feedback mathematical model to analyse historic data to help project future trends. Per-capita water use has been declining since 1980, largely due to […]


« Previous PageNext Page »



Oil News Categories


Recent Board Topics


Archive


LATEST NEWS HEADLINES