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News from June 2015

Nuclear fusion reactor prototype to be unveiled in the UK

Nuclear fusion reactor prototype to be unveiled in the UK thumbnail

A prototype nuclear fusion reactor will be unveiled during Britain’s Royal Society summer science exhibition, the country’s leading showcase for new research. Start-up group Tokamak Energy, a subsidiary of the UK government’s Culham Laboratory, said it expected electricity to be produced from nuclear fusion within a decade, as Britain aims to shift towards green energies. […]


Slovak oil deposits are drying up

Slovak oil deposits are drying up thumbnail

WHILE oil drilling has never been a big industry in Slovakia, multiple tons of crude oil have been extracted each year in Slovakia for the last century. But existing oil deposits are running out, according to the Slovak cabinet in its Report about Security of the Slovak Republic for 2014. Regardless, Slovakia has usually depended […]


Watering Down the Energy Debate

Watering Down the Energy Debate thumbnail

Water is essential for the production of energy. Energy facilities both consume water and have impacts on the aquatic ecosystems they interact with. These interactions are complex however and it is a mistake to over-simplify – one we must avoid if we are to meet our future energy needs in the most sustainable manner possible. […]


Burket-Geneseo Shale: The Next Super Giant?

Burket-Geneseo Shale: The Next Super Giant? thumbnail

Located above the Marcellus Shale in the Appalachian Basin, the Burket-Geneseo Shale “could be the next super giant field,” but the play is still well in its infancy and the current Marcellus development could jeopardize the ability of operators going back in down the road to pull those additional reserves, according to Gregory Wrightstone of […]


Bakken by County

Bakken by County thumbnail

North Dakota publishes monthly ND Historical Barrels of Oil Produced by County. This data however does not include confidential wells. But they do estimate, by county, their confidential well production here: Oil and Gas Production Report All charts are in barrels per day and are only for the last 16 months in order to get […]


Big Business Wants To Control The World’s Population

Big Business Wants To Control The World’s Population thumbnail

Thursday on “The Alan Colmes Show,” Alan spoke with conspiracy author Jim Marrs about his new book Population Control, which details his theory about why large companies want to lower the world’s population for their own gain. Marrs told Alan about who is behind this worldwide plot, why corporations are filling the world with bad […]


EPA’s New Fracking Study: A Close Look at the Numbers Buried in the Fine Print

EPA’s New Fracking Study: A Close Look at the Numbers Buried in the Fine Print thumbnail

When EPA’s long-awaited draft assessment on fracking and drinking water supplies was released, the oil and gas industry triumphantly focused on a headline-making sentence: “We did not find evidence of widespread, systemic impacts on drinking water resources in the United States.” But for fracking’s backers, a sense of victory may prove to be fleeting. EPA’s […]


Saudi jets bomb Yemen

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Air strikes by Saudi-led forces hit military bases across Yemen on Friday, residents told Reuters, and the country’s foreign minister was quoted as saying there was no need to convene another peace summit after the first round of talks failed. Talks in Geneva last week ended without a resolution to the conflict, which has claimed […]


Rare Earths Not So Rare?

Rare Earths Not So Rare? thumbnail

A blog post by 60 Minutes’ Kevin Livelli, one of the producers who reported on rare earth elements this week: Not long ago, if you had stopped me on the street and told me there was an interesting 60 Minutes story to be told about the lanthanide series of rare earth elements, I would have […]


Greeks awake to no money and no certainty

Greeks awake to no money and no certainty thumbnail

The long queues for cash of the night before had given way to shuttered banks and unresponsive ATMs on Monday as Greeks woke up to a new period of uncertainty. “I’m worried, of course we are all extremely worried,” said Iason, 25, an environmental engineer who preferred not to give his surname; he had taken […]


Kunstler: Systemic Turmoil, Structural Reform

Kunstler: Systemic Turmoil, Structural Reform thumbnail

“The problem with the post-2007 world is that we are not in a cyclical recovery; we are in a structural depression defined as a sustained period of below-trend growth with no end in sight. The U.S. has caught the Japanese disease. Structural depressions are not amenable to monetary solutions, they require structural solutions.” –James Rickards […]


The Limits to Growth and Greece: systemic or financial collapse?

The Limits to Growth and Greece: systemic or financial collapse? thumbnail

  The results of the “standard run” (or “base case”) scenario of “The Limits to Growth” 1972 study. Could it be that the ongoing Greek collapse is a symptom of the more general collapse that the model generates for the first two decades of the 21st century? So, we have arrived to an interesting point, […]


Fuel demand stabilises in the United States

Fuel demand stabilises in the United States thumbnail

The initial consumption stimulus from lower oil prices may be fading, at least in the United States, according to the latest round of official data on traffic volumes and fuel sales. Traffic on California’s highway network was 2.6 percent higher in May than a year earlier, the state transportation department said. Growth was the same […]


Why the Saudis Are Going Solar

Why the Saudis Are Going Solar thumbnail

Prince Turki bin Saud bin Mohammad Al Saud belongs to the family that rules Saudi Arabia. He wears a white thawb and ghutra, the traditional robe and headdress of Arab men, and he has a cavernous office hung with portraits of three Saudi royals. When I visited him in Riyadh this spring, a waiter poured […]


Iran supasses Russia in natural gas reserves

Iran supasses Russia in natural gas reserves thumbnail

Islamic Republic of Iran was introduced as holding the world’s largest proven gas reserves for the second year in a row, ahead of Russia. The National Iranian Gas Company (NIGC) in an announcement said the measured reserves of natural gas in Iran have increased to above 34 trillion cubic meters (tcm) which is about 1.4 […]


Key differences remain in Iran nuclear talks

Key differences remain in Iran nuclear talks thumbnail

U.S. SECRETARY OF STATE JOHN KERRY, SAYING: “Well I think it’s fair to say that we are hopeful. We have a lot of hard work to do. There are some very tough issues.” Disagreements remain between top U.S., European and Iranian diplomats… as they hammer out a deal to curb Iran’s nuclear program. But talks […]


Chevrolet Bolt Electric Vehicle

Chevrolet Bolt Electric Vehicle thumbnail

The electric vehicle wars are about to heat up, and it looks as though the next big fight will be between General Motors and Tesla Motors. Both companies are no stranger to electrified vehicles, but Tesla has by far been the poster child for the EV movement since the introduction of its highly acclaimed Model […]


‘Peak Demand’ Is The New ‘Peak Oil’

‘Peak Demand’ Is The New ‘Peak Oil’ thumbnail

Summary The Peak Oil theory sure turned out to be wrong. Drilling technology changed. The conventional wisdom about future oil demand is also wrong. The demand for—and supply of—transportation is the big game-changer. Transportation accounts for almost 75% of oil use in the U.S. and higher MPG is only a part of the solution. Technology […]


T. Boone Pickens: $70 Oil Coming

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During an appearance on FOX Business Network’s Mornings with Maria, T. Boone Pickens, BP Capital Management Chairman said we should take advantage of America’s energy, as it is the cheapest in the world. And he warned that U.S. consumers are becoming too complacent with cheap gasoline prices because he believes oil will rebound to the […]


If We Have No Future, Why Grieve?

If We Have No Future, Why Grieve? thumbnail

Edward Abbey famously said, “Action is the antidote to despair.” Clearly, if we find ourselves engulfed in despair, anger, fear, or any other painful emotion, one way to move through it is to “minimize” it on the screen of our emotional operating system and take action on behalf of whatever cause is calling us. What […]


Why are the government’s energy forecasts so bad?

Why are the government’s energy forecasts so bad? thumbnail

In 2009, the federal government’s Energy Information Administration made a forecast for the next two decades: U.S. wind power would grow modestly, reaching 44 gigawatts of generating capacity in 2030, while solar power would remain scarce, inching up to 12 GW. Just six years later, U.S. wind capacity is already up to 66 GW, and solar […]


Russian Energy Sanctions have Backfired

Russian Energy Sanctions have Backfired thumbnail

Western sanctions on the Russian energy sector have so far not had the intended devastating impact on Russian energy companies. Sanctions certainly did restrict the flow of Western investment, equipment and technology necessary toward the development of oil and natural gas fields in Russia, and the overall impact on Russia’s energy sector was indeed significant. […]


Shell holds talks with Iran

Shell holds talks with Iran thumbnail

Royal Dutch Shell executives have recently met with officials in Iran as international oil companies begin to explore the potential of re-entering the country should Western sanctions be lifted. A Shell spokesperson confirmed to The Telegraph that the talks had taken place in Tehran. “They discussed Shell’s outstanding debt to NIOC (National Iranian Oil Company) […]


Natural Gas Production in East Africa: An Inevitable Resource Curse

Natural Gas Production in East Africa: An Inevitable Resource Curse thumbnail

East African nations such as Mozambique, Uganda, Tanzania, and Kenya are experiencing a boom in oil and natural gas production that is increasingly exported by Western production companies to meet growing global demand. While these activities may appear to be an economic boon to these countries, the problem is that they could potentially cause natural […]


BP Data Suggests We Are Reaching Peak Energy Demand

BP Data Suggests We Are Reaching Peak Energy Demand thumbnail

Some people talk about peak energy (or oil) supply. They expect high prices and more demand than supply. Other people talk about energy demand hitting a peak many years from now, perhaps when most of us have electric cars. Neither of these views is correct. The real situation is that we right now seem to […]


Japan Building Giant Battery Systems to Store Solar Power

Japan Building Giant Battery Systems to Store Solar Power thumbnail

Japanese companies are building some of the world’s biggest battery systems to address one of solar power’s biggest problems–its volatility. Handling the surges in power when the sun shines and storing that energy for use when it is cloudy or dark is a major headache for solar power producers and the utilities they supply. Mitsubishi […]


Islamic State mints its own Currency

Islamic State mints its own Currency thumbnail

Islamic State of Iraq and the Levant (Isil) has begun minting its own “Islamic dinar” coins, Syrian activists claimed on Tuesday night. Pictures posted on social media showed a series of gold sovereigns bearing Isil inscriptions, and with a reported value of one gold dinar being with $139 (£89). An anti-Isil activist by the name […]


Collapse Part 3: No Institutional Path To Contraction

Collapse Part 3: No Institutional Path To Contraction thumbnail

Collapse is not an event, it is a process. One poorly understood source of collapse is the lack of pathways to contraction and a reduction of complexity/cost. The only pathway that is clearly marked is the one to expansion–of production, debt, credit, government, income, benefits, costs and complexity: more agencies, more regulations, more committees, more staff, […]


The Future of Ice Gas

The Future of Ice Gas thumbnail

Methane hydrate is a compound in which a large amount of methane is trapped within a crystal structure made up of water, forming a solid which is similar to ice. The energy content of methane occurring in hydrate form is extremely powerful and could exceed the combined energy content of all other known fossil fuels, […]


So What Exactly Have Fossil Fuels Done For Us?

So What Exactly Have Fossil Fuels Done For Us? thumbnail

It has become popular to demonize fossil fuels. Pop stars, press, politicians and now pontiffs speak with a single voice: We know that technology based on the use of highly polluting fossil fuels – especially coal, but also oil and, to a lesser degree, gas needs to be progressively replaced without delay. Until greater progress […]


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