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News from May 2015

America is no longer ‘indispensable’

America is no longer ‘indispensable’ thumbnail

After six decades serving as the global policeman, the United States is now signalling its retreat from the world. With the Middle East engulfed by the flames of sectarian conflict, Europe’s borders menaced by the threat of war and China starting to flex its muscles in Asia-Pacific, it is clear the world has entered a […]


Survive the Coming Collapse

Survive the Coming Collapse thumbnail

Modern industrial civilization is based on fossil fuels; we have been burning about 30 billion barrels of petroleum every year. Fossil fuels make possible our manufacturing, transportation, agriculture, mining, and electricity. The problem is ”peak oil”: the world’s supply of usable, recoverable oil is on a long and bumpy plateau that will become less horizontal […]


How Fukushima Produce Is Making Its Way Into International Stores

How Fukushima Produce Is Making Its Way Into International Stores thumbnail

It is being reported that tainted food from Fukushima, Ibaraki, Gumma, and Chiba is making its way into local supermarkets in Taiwan due to the irresponsibility of mislabeling. What’s more, these food products were banned in Taiwan since March of 2011. The first question is: Why are food products from the concerned Japanese prefectures surrounding Fukushima […]


Gas prices reach 2015 high

Gas prices reach 2015 high thumbnail

Families planning summer road trips can count on cheaper gas prices this year — almost a dollar less per gallon — even though pump prices have been on the rise in recent weeks. The national average price of regular unleaded is $2.74 — 91 cents below last summer’s price, according to AAA Mid-Atlantic. “We believe that […]


OPEC’s Front Lines in the Shale Fields and Wall Street

OPEC’s Front Lines in the Shale Fields and Wall Street thumbnail

Oil bulls pinning their hopes on tumbleweeds in East Texas may now be peering further south. The argument for oil rebounding after last year’s crash rests largely on cash flow-constrained shale drillers in Texas and other states downing tools. The roughly 30% rally since mid-March in front-month oil futures, to almost $60 a barrel, has […]


A visit to the heart of Canada’s oil sands industry

A visit to the heart of Canada’s oil sands industry thumbnail

Since 2007 when we published our article, ”A crash program scenario for the Canadian oil sands industry” a visit to Fort McMurray and the areas where oil sands are mined has always been high on my wish list. On my current trip I passed Calgary on the way to Toronto so I finally got an […]


Coal mining must continue, no matter what the human costs

Coal mining must continue, no matter what the human costs thumbnail

  This post was inspired by a recent article about coal mining in India by David Rose in the Guardian about coal mining. In India, people are dying in the streets because of excessive heat caused by global warming, but Rose reports that “…across a broad range of Delhi politicians and policymakers there is near […]


“Bumblebee Highway” To Save Bees From Colony Collapse Disorder

“Bumblebee Highway” To Save Bees From Colony Collapse Disorder thumbnail

The Oslo Garden Society’s solution has been to build a corridor that will consist of feeding areas every 250 meters (820 feet). The route runs from east to west through the city and involves the placement of nectar-rich flowers on rooftops and balconies. As the world’s bee population continues to decline, the community of Oslo, […]


Death of Peak Oil? Not so fast.

Death of Peak Oil? Not so fast. thumbnail

From Earth Insight by Nafeez Ahmed, hosted by the Guardian, Former BP geologist: peak oil is here and it will ‘break economies’: Dr. Richard G. Miller, who worked for BP from 1985 before retiring in 2008, said that official data from the International Energy Agency (IEA), US Energy Information Administration (EIA), International Monetary Fund (IMF), among […]


The energy revolution will not be televised

The energy revolution will not be televised thumbnail

Three recent news items remind us that energy transitions take time, a lot of time–far too much time to be shrunk down into a television special, a few talking points, or the next big energy idea. For example, the complex management task of putting together the international fusion research project called the International Thermonuclear Experimental […]


Is Peak Oil Behind Economic Disintegration?

Is Peak Oil Behind Economic Disintegration? thumbnail

Something is wrong with the economy. No kidding, you might reply, but what is the underlying cause? Is it Peak Oil? Or is capitalism just a system that doesn’t work and is destined to failure? Are we just stuck with inevitable deterioration in living standards for the majority, or is there at least theoretically something […]


ISIS is making the biggest threat to oil prices even worse

ISIS is making the biggest threat to oil prices even worse thumbnail

Thick black smoke rising from the Baiji oil refinery could be seen as a dirty smudge on the horizon as far away as Baghdad after fighters from the Islamic State of Iraq and the Levant (Isil) set fire to the enormous processing plant just over 100 miles north of the capital last week. The decision […]


The Crash of 2015: Going Global

The Crash of 2015: Going Global thumbnail

Just in the past week, the headlines have been coming like triphammer blows: in Bloomberg News, “Something has gone wrong with the global consumer,” (according to JP Morgan); in International Business Times, “G7 Finance Ministers to address faltering global growth;” in London’s Telegraph, “HSBC fears world recession with no lifeboats left;” in OilPrice.com, “Clock running […]


Canada’s New Shale Oil Field Could Rival the Bakken

Canada’s New Shale Oil Field Could Rival the Bakken thumbnail

Canada’s energy industry may be most famous for its world-class oil sands resources. But a new shale oil field could surpass the oil sands as Canada’s largest untapped oil reserve. In fact, it could even rival the massive Bakken shale of North Dakota in terms of recoverable oil. This area lies north of British Columbia […]


USDA plans to inject $100 million on ethanol

USDA plans to inject $100 million on ethanol thumbnail

The U.S. Department of Agriculture (USDA) plans to inject $100 million in funding to get more ethanol at the gas pump, according to two industry sources, the latest push to get beyond a “blend wall” that has capped demand for the biofuel. That would mark a big push for an overhaul of fuel-blending pumps and […]


How Dark Matter and Nanotechnology can Help Transform the Global Energy System

How Dark Matter and Nanotechnology can Help Transform the Global Energy System thumbnail

Fundamental scientific research lies at the heart of many energy-related breakthroughs that ultimately disrupt established social and economic systems. It can be overwhelming to look at the world’s looming energy and climate challenges, but Dr. Franklin (Lynn) Orr, Under Secretary for Science and Energy at the US Department of Energy remains optimistic despite the complexity […]


Nigeria: Problems at the pump

Nigeria: Problems at the pump thumbnail

HOW does a big oil producer end up with no fuel? The irony of that predicament is not lost on citizens of the country with sub-Saharan Africa’s largest oil reserves. They endure hours-long queues at petrol stations and buy on the black market. Yet few recall a scarcity as severe as the one that peaked […]


Exxon CEO Mocks Renewable Energy

Exxon CEO Mocks Renewable Energy thumbnail

The CEO of one of the world’s largest oil companies downplayed the effects of climate change at his company’s annual meeting Wednesday, telling shareholders his firm hadn’t invested in renewable energy because “We choose not to lose money on purpose.” “Mankind has this enormous capacity to deal with adversity,” ExxonMobil CEO Rex Tillerson told the […]


Is The Oil Glut Real?

Is The Oil Glut Real? thumbnail

  As it appears GDP will be seasonally adjusted again, I find myself wondering just one thing: why? Earlier GDP figures showed the US economy on the brink of recession for the first two quarters of this year. Now, with more fudging going on, who knows what it will show. The government appears to be […]


Iran provides some information in UN nuclear inquiry

Iran provides some information in UN nuclear inquiry thumbnail

The U.N. nuclear watchdog said on Friday it had made incremental progress but no breakthrough in its inquiry into whether Iran may have researched an atom bomb, a sobering message that may dim chances for a deal between Tehran and big powers next month. Diplomats view Iran’s reluctance to open up to investigators from the […]


Data will replace oil as source of energy

Data will replace oil as source of energy thumbnail

The manufacturing industry of the future will not need oil because data will become the world’s largest source of energy, says Alibaba founder and executive chair Jack Ma. Ma, 50, made the comments Tuesday at the opening of 2015 Big Data Expo in Guiyang, the capital of southwest China’s Guizhou province. Responding to criticism that […]


Tokyo Wants to Build a Natural Gas Pipeline to Russia

Tokyo Wants to Build a Natural Gas Pipeline to Russia thumbnail

A consultant with Japan’s largest gas company said they are interested in building a $3.5 billion pipeline to obtain Russia’s natural gas at half the cost of its LNG Tokyo Gas, Japan’s largest gas company, would like to build a gas pipeline from Sakhalin, Russia, to central Japan, Shigeru Muraki, a consultant for the company, […]


Arctic drilling: Why oil won’t be flowing anytime soon

Arctic drilling: Why oil won’t be flowing anytime soon thumbnail

Shell’s Arctic campaign this year will be pivotal. If the company cannot find large reserves of oil, it will likely set back Arctic oil development for a generation. The Financial Times reported that Royal Dutch Shell will not see Arctic oil come online anytime soon, even in the best of scenarios. Even Shell officials think that the […]


Antimatter: The Future is Now

Antimatter: The Future is Now thumbnail

human exploration of deep space requires high power solar-electric propulsion vehicles to move cargo and humans Teaser for upcoming NASA X program: NASA’s Space Technology Mission Directorate is developing new, advanced propulsion technologies to perform stabilization,. From modest beginnings in the era of early liquid rockets through state-of-the-art propulsion systems flown on 21st century spacecraft,


Venezuela and Russia agree on $14 billion oil investment

Venezuela and Russia agree on $14 billion oil investment thumbnail

Venezuela and Russia’s top oil producer, Rosneft, have agreed on around $14 billion in investment in the South American OPEC country’s oil and gas sector, President Nicolas Maduro said. Maduro met the chief executive of state-owned Rosneft, Igor Sechin, on Wednesday, in the company of the president of state oil company PDVSA [PDVSA.UL], Eulogio del […]


US oil production hits 43-year high

US oil production hits 43-year high thumbnail

<p>Commodities tomorrow: Record US production</p> <p>CNBC&#039;s Jackie DeAngelis discusses the day&#039;s activity in the commodities markets. Crude and gas inventories were down today despite record US production. </p> U.S. oil production surged to a 43-year high, despite a price war that resulted in a more than 50 percent reduction in active U.S. oil wells. Oil […]


We Need a New Economic System

We Need a New Economic System thumbnail

As the 2016 election begins to come into focus, economic populism appears to be the order of the day. The Center for American Progress, the Campaign for America’s Future and National People’s Action, Hillary Clinton, Bernie Sanders, Bill de Blasio and the Roosevelt Institute have all in the last few months released programmatic calls to […]


Peak Oil and Technology – The Never Ending Game

Peak Oil and Technology – The Never Ending Game thumbnail

Whenever oil prices abnormally elevate due to a variety of reasons, some of which are beyond human control and some the result of human intervention – the world often panics and the press is filled with articles highlighting that the world is running out of oil, ‘peak oil theory’, and oil prices are likely to […]


End of Oil Glut Seen Nigh as World’s Use Set to Top Production

End of Oil Glut Seen Nigh as World’s Use Set to Top Production thumbnail

Make the most of abundant oil because by the end of the year the world may be consuming more than it pumps. The global crude market will shift into a deepening deficit in the fourth quarter amid a draw down in U.S. stockpiles, according to Standard Chartered Plc. While Qatar’s former oil minister says there’s […]


A Fact? Life As We Know It WILL Change

A Fact? Life As We Know It WILL Change thumbnail

interview with author & researcher Chris Martenson. Buckle up, peak oil has arrived and Chris says it’s a fact – our lives are about to change


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But supply peak is now. So tech change too late to prevent EROEI-based economic crisis, even if it could! #EROI #EROEI #PeakOil twitter.com/JamesBeardWWF/…

World petrol demand 'likely to peak by 2030 as electric car sales rise' #peakoil theguardian.com/business/2017/…