Can scientists hack photosynthesis to feed the world as population soars?

The world population, which stood at 2.5 billion in 1950, is predicted to increase to 10.5 billion by 2050. It’s a stunning number since it means the planet’s population has doubled within the lifetimes of many people alive today. At the same time, arable land is shrinking and crop productivity is stagnating. The last time […]

Hillary Clinton: ‘I Support the Agreement’ With Iran

Hillary Clinton said in a statement Monday night that she supports the Iranian nuclear deal, but cautioned that she is still looking into the specifics. “I am still studying the details, but based on the briefings I received and a review of the documents, I support the agreement because it can help us prevent Iran […]

Never mind Iran. Oil price is going nowhere

  Crude oil came under renewed pressure Tuesday as Iran and six world powers announced they had reached a deal on Tehran’s nuclear program. But Citigroup’s head of commodities research played down the impact of Iran’s potential return to the oil market, saying traders shouldn’t expect much net price movement in crude futures. “In six […]

The Secret Bank Bailout

50 billion euros in Greece, 70 billion euros in Ireland, 40 billion euros in Spain – one Euro-country after another is forced to support its banks with huge sums of money in order to equalize the losses incurred by money worldwide from bad loans. But where do the billions go anyway? Who are the beneficiaries? […]

Why Saudi Arabia Is Pumping Record Crude

Saudi Arabia told OPEC it raised oil production to a record as the organization forecast stronger demand for its members’ crude in 2016. Bloomberg’s Alix Steel reports on “Bloomberg Markets.”

Russian Oil Production Hits Post-Soviet Record

Russian oil and condensate production reached a new post-soviet record of 10.7 million barrels a day in 2015, according to the latest analysis from Wood Mackenzie. The research firm claims that condensate production will increase by 50 percent by 2018, compared to 2014 levels, although Wood Mackenzie warns that Russia could face a sizeable production […]

Iran nuclear deal impact on oil markets

Iran’s oil and financial sanctions will be lifted with a phased deal struck on its nuclear program on July 14, but the market won’t immediately see more crude. The country is currently exporting around 1 million b/d of crude, less than half the 2.2 million-2.3 million b/d exported before the European Union and US imposed crippling […]

The Last Days Of ‘Normal Life’ In America

If you have got family and friends that you would like to visit before things start getting really crazy, you should do so within the next couple of months, because these are the last days of “normal life” in America.  The website where I have posted this article is called “End of the American Dream“, […]

Top 5 Oil Producing Countries Could See Production Peak This Year

The EIA’s Short-Term Energy Outlook came out a few days ago. That is where they try to guess the future production and price for oil, for the USA as well as the world. As of late they seem to be getting a little timid with their predictions. They are saying not much growth is happening […]

World Powers Reach Landmark Nuclear Deal With Iran

It is only fitting that almost exactly 24 hours after the Greek “pre-deal”, which may and will end up crashing and burning in very short notice, another long expected “deal”, one which has been about a decade in the making, was reached, when Iran reached a landmark nuclear agreement with the U.S. and five other […]

Greece Today, America Tomorrow?

The drama over Greece’s financial crisis continues to dominate the headlines. As this column is being written, a deal may have been reached providing Greece with yet another bailout if the Greek government adopts new “austerity” measures. The deal will allow all sides to brag about how they came together to save the Greek economy […]

Cyberattack on U.S. Power Plants Could Cause $1T in Economic Damage

Lloyd’s of London games out “improbable, but not impossible” threat of hacking, power-plant sabotage Let’s imagine an “improbable, but not impossible” cyberassault on the U.S. power grid. A shadowy group of skilled and malicious actors spend years implanting a piece of malware, dubbed the “Erebos” trojan, in the control systems of power plants across the […]

EIA Confirms: U.S. Oil Production Peaked

U.S. oil production has peaked…at least for now. That is the conclusion from a new government report that concludes that U.S. oil production is on the decline. After questions surrounding the resilience of U.S. shale and when low oil prices would finally cut into production, the EIA says the month of April was the turning […]

OPEC Sees More Balanced Oil Market In 2016

The global oil market should be more balanced next year as China and the developing world increase oil consumption while supply of shale oil from North America and other regions grows more slowly, OPEC said on Monday. In its monthly report, the Organization of the Petroleum Exporting Countries said it expected world oil demand to […]

China’s Oil Price Impact Larger Than Iran’s

Chris Gersch, director of strategy at Bell Curve Capital, discusses the potential impact of Iran’s oil supply on the market as the commodity falls for a seventh time in eight sessions and looks at how China and Greece are impacting oil. He speaks on “Market Makers.”

Kunstler: Greek Pudding

The proof of the pudding is in the eating, the old saw goes. This one, alas, is a mélange of several old shit sandwiches bound in a liaison of subterfuge and seasoned with political absurdities. Having been fooled in this bistro before, citizen-patrons leave the table resigned to yet another bout of food poisoning as […]

Gas overtakes coal at US power stations

The US generated more of its electricity from gas than from coal for the first time ever in April — in a sign of how the shale boom is putting mounting pressure on the country’s mining industry. Plunging prices for natural gas, which have fallen alongside oil since last summer, led to it being used […]

Texas Oil Production Increases 16%

While crude oil production in the U.S. seems to have leveled off, oil production in Texas continues to move forward at a brisk pace. The Energy Information Administration (EIA) said that US oil production declined slightly by 0.5 percent or 50,000 barrels per day (bpd) in May from the prior month to an average of […]

Saudi Arabia borrows $4bn

Saudi Arabia has borrowed $4bn from local markets in the past year, selling its first bonds for eight years as part of efforts to sustain high levels of public spending as oil prices slump. Fahad al-Mubarak, the governor of the Saudi Arabian Monetary Agency, said the government would use a combination of bonds and reserves […]

Iraq gets first funding to rebuild war-struck regions

Iraq and the World Bank signed a $350 million loan agreement on Sunday to fund emergency reconstruction in towns recaptured from Islamic State militants, a deal Baghdad said marked the first international help to rebuild areas devastated by war. Finance Minister Hoshiyar Zebari said around a third of the money would go toward repairing roads […]

Russia says to support Greece recovery by deepening energy cooperation

Russia intends to support an economic recovery in Greece by expanding cooperation in the energy sector, Russian Energy Minister Alexander Novak said on Sunday. Novak said in a statement sent to reporters that Russia was considering the possibility of organizing direct energy supplies to Greece and hoped to reach an agreement on this within the […]

Why The Cash Economy In Greece May Be Ending

Many believe we have a teetering world economy, even without Greece as an indicator. Now Greece is looming ever larger as a critical if unknown actor. It is mostly considered a bad one, for the entire European, and even the worldwide, financial system and economy. The Greek economy is approaching an almost unprecedented standstill. For […]

Iran Blames US for Delays on Nuclear Deal

As nuclear negotiations in Vienna grind on through deadline after deadline, Iranian officials have begun a public campaign to blame the United States in the event that the talks fail. Iran’s public diplomacy has long been geared toward selling a possible deal to hard-liners at home. But as an interim agreement between Iran and the […]

Pentagon Concludes America Not Safe Unless It Conquers The World

The Pentagon has released its “National Military Strategy of the United States of America 2015,” June 2015. http://news.usni.org/2015/07/02/document-2015-u-s-national-military-strategy The document announces a shift in focus from terrorists to “state actors” that “are challenging international norms.” It is important to understand what these words mean. Governments that challenge international norms are sovereign countries that pursue policies […]

Neither Crowdfunding, Nor Oxi, Nor Anything Else Can Stave Off Greece’s Systemic Collapse

In case you missed the media hubbub, a one-week Indiegogo crowdfunding campaign was started back on June 29th with the goal of raising €1.6 billion to pay off Greece’s most recent debt repayment and set it back on the road to prosperity. The campaign of course came nowhere near the repayment amount, and although it […]

The EIA’s Short-Term Guessing Game + Bakken Data

The Bakken and North Dakota production data fir May is in. Bakken production was up 33,352 bpd and North Dakota production was up 32,114 bpd. This is quite a shocker. I had not expected production to be up this much. Bakken barrels per day, in May, stood at 1,142,034 and all North Dakota barrels per day […]

Ban Ki Moon addresses World Population Day

United Nations (UN) has revealed that there are more than 60 million people who have been displaced from their homes. Secretary General of UN Ban Ki Moon, in a press statement regarding the World Population Day, revealed that there have never been so many people forced from their homes across the country since the Second […]

OPEC production highest in three years

Output from Iraq, Saudi Arabia and the United Arab Emirates helped boost OPEC oil production to a three-year high, the International Energy Agency said Friday. The Paris-based IEA said in its market report for June production from the 12-member Organization of Petroleum Exporting Countries reached 31.7 million barrels per day, an increase of 340,000 bpd […]

Yemen: Bombing and heavy fighting

By Mohammed Ghobari and Mohammed Mukhashaf Witnesses say airstrikes continue despite Yemeni truce (01:30) Saudi-led air strikes and heavy shelling between warring factions shook several cities in Yemen on Saturday, residents said, violating a United Nations humanitarian truce which took effect just before midnight. The U.N.-brokered pause in the fighting was meant to last a […]

My Dr. Strangelove Moment: How I Came to Love Clean Coal

I have been working on this blog post for a while, it has been a challenge to sum up my thoughts, especially since my views have shifted so radically in the last few years. Folks who know me are aware that I have been researching and writing about clean energy technologies for a few years […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Is It Time To Abandon the Idea of Phasing Out Oil and Gas?
• More than 20% of global refining capacity at risk of closure
• Charles Hugh Smith Blog: Fire, Then Ice Our Deflationary Future
• Saudi Aramco CEO Amin Nasser says energy transition strategy ‘visibly failing’
• 100 million-degree ‘artificial sun’ sets new records in hunt for energy’s ‘Holy Grail’

• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy
• US seeks to buy up to 3 million bbls of oil for Strategic Petroleum Reserve
• Desertification: the world is losing healthy land at an astonishing rate
• US oil production will keep booming in 2024, setting up a possible showdown with Saudi Arabia
• Saudi Arabia piles pressure on UAE to shift COP28 focus away from oil and gas
• US Warship, Commercial Ships Under Attack In Red Sea