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News from August 2016

China’s Biggest Oil Company Aims For 50% Natural Gas By 2020

China’s Biggest Oil Company Aims For 50% Natural Gas By 2020 thumbnail

China’s biggest oil company wants natural gas to account for half its output by the end of the decade. PetroChina Co. aims to raise natural gas as a share of its production from 37 percent currently, President Wang Dongjin told reporters Thursday in Hong Kong. The company supports the government’s efforts to liberalize gas prices […]


The Eagle Ford: Down But Not Out

The Eagle Ford: Down But Not Out thumbnail

Most companies have struggled to come to grips with the 2014 crude price crash by curbing investments and delaying projects. The top developers in the Eagle Ford were no exception to this, and as a result, production volumes at this south Texas play have dropped. The U.S. Energy Information Administration (EIA) painted a bleak picture […]


Can Fire Ice Replace Both Oil And Renewables?

Can Fire Ice Replace Both Oil And Renewables? thumbnail

Do you remember the peak oil hysteria from the early 2000s? Oil didn’t just not end, the world started pumping even more thanks to the shale revolution. Now the reign of fossil fuels is being undermined by renewable energy and batteries, spurred on by the growing environmental awareness of humankind. But it’s precisely this growing […]


World’s first self-driving taxis debut in Singapore

World’s first self-driving taxis debut in Singapore thumbnail

The world’s first self-driving taxis are picking up passengers in Singapore. Select members of the public began hailing free rides Thursday through their smartphones in taxis operated by nuTonomy, an autonomous vehicle software startup. While multiple companies, including Google and Volvo, have been testing self-driving cars on public roads for several years, nuTonomy says it […]


Could A Lithium Shortage De-Rail The Electric Car Boom?

Could A Lithium Shortage De-Rail The Electric Car Boom? thumbnail

We’ve gone electric, and there’s no going back at this point. Lithium is our new fuel, but like fossil fuels, the reserves we’re currently tapping into are finite – and that’s what investors can take to the bank. You may think lithium got too popular too fast. You may suspect electric vehicles are too much […]


Learning from Failure: A Modest Introduction

Learning from Failure: A Modest Introduction thumbnail

The other day, one of the readers over at the other blog asked a question as sensible as it is timely: why do so many sane people start foaming at the mouth when the subject of this year’s US presidential election comes up? It’s a fair question. Even by the embarrassing standards of political discourse […]


5 Factors That Could Turn America Into Another Collapsed Empire

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Nations are just as likely to unravel after periods of prosperity as afte periods of depression Have you ever met an Ottoman? Or a Habsburg? Neither have I. Like a chopped-up Magritte painting, all that is left of the Habsburgs is a homburg hat. Yet in the 1800s, the Ottoman and Habsburg Empires controlled a […]


Heinberg: Is the Oil Industry Dying?

Heinberg: Is the Oil Industry Dying? thumbnail

The ‘peak oil’ controversy is staging a come-back as the industry confronts higher costs—and low prices Talking about “peak oil” can feel very last decade. In fact, the question is still current. Petroleum markets are so glutted and prices are so low that most industry commenters think any worry about future oil supplies is pointless. […]


China takes control of North Sea oil drilling

China takes control of North Sea oil drilling thumbnail

China has become the largest crude oil operator in the North Sea despite boasting that it uses deep-water oilrigs as strategic weapons. The scale of Chinese growth in the region meant that Britain handed about £2 billion in tax breaks to one state-run oil company last year, analysis by The Times has shown. China National […]


U.S. Production by Basin

U.S. Production by Basin thumbnail

Permian, Marcellus Lead U.S., while Eagle Ford Dives Hard As cost structures are held in check and oil price fluctuations are seemingly without end, producers are evaluating acreage positions and determining what are the best assets. As covered by Oil & Gas 360®, the Permian basin has been the hot bed of activity recently. With […]


The correlation between oil and stocks has broken down

The correlation between oil and stocks has broken down thumbnail

Crude oil and stocks used to have a tight relationship. They typically moved in the same direction, and strategists were quick to cite a decline in oil prices as one major reason for any stock market weakness. For example, when stocks nosedived a year ago, on August 24, crude oil fell to a post-crisis low […]


Energy Efficiency is the 3rd Largest Resource in the US

Energy Efficiency is the 3rd Largest Resource in the US thumbnail

Have you ever described efficiency as an energy resource and gotten a quizzical look in return? We have, even though utility system planners have been using energy efficiency for decades to make sure that power for their customers is both reliable and affordable. For those of us who have been in the energy efficiency industry […]


Burn Down the Plantation

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In this sedition we bring you an exclusive interview with prison inmate Melvin Ray, secretly filmed inside Holman Prison in Alabama. Melvin is a member of the Free Alabama Movement, a national organization against mass Incarceration and prison slavery. They have teamed up with the IWW’s Incarcerated Workers Organizing Committee, to organize the largest prison […]


Kurt Cobb: Limitless imagination and physical limits

Kurt Cobb: Limitless imagination and physical limits thumbnail

“The city of the future, 10,000 years hence, will not be located on the surface of the Earth. It will be floating up miles high, and such things as snow, rain, and storms will be unknown to the city dwellers of the future.” (Hugo Gernsback, 1922)   Humans can imagine lots of things. They can […]


Kunstler: Dark Dynamics

Kunstler: Dark Dynamics thumbnail

What the world is witnessing, without actually paying much attention, is the death of our debt-based economy — that is, borrowing the means to thrive in the now from a future that can’t really furnish it anymore. The illusion that the future would always provide was a legacy of the cheap energy era. That era […]


Radon from fracking will not be a threat

Radon from fracking will not be a threat thumbnail

In his letter (11 August) Dr David Lowry raised the issue of radon and shale gas quoting studies in Pennsylvania and sought to reinforce his own views by quoting from a study undertaken by Public Health England in 2014. Let me quote the same study, which states, “caution is required when extrapolating experiences in other […]


The Psychopolitics of Global Warming and Population Control

The Psychopolitics of Global Warming and Population Control thumbnail

Despite the fact that man-made climate change continue to be proven false, the left drives on with its fear-driven insistence that human beings must dramatically change their behavior in order to save the planet. Everything revolves around the idea that man’s consumption of natural resources is creating an unsustainable environment, and if we don’t somehow curb our use of […]


Merrill Lynch Expects A 46% Jump In Oil Prices By June 2017

Merrill Lynch Expects A 46% Jump In Oil Prices By June 2017 thumbnail

Oil has finally found a strong bull in Savita Subramanian, commodity strategist at BofA Merrill Lynch, who believes oil will rally to $54 a barrel by this year-end and continue its march higher to touch $69 a barrel by June of next year. The commodity team led by Savita has upgraded the energy sector to […]


The Spike and the Peak: what future for humankind?

The Spike and the Peak: what future for humankind? thumbnail

From The Oil Drum Europe 2009 by Ugo Bardi   The figure above, from Robert Anson Heinlein’s “Pandora’s Box” (1952), is perhaps the first graphical representation of the concept that technology is not only progressing but progressing at an exponentially growing rate. Today, this concept goes sometimes under the name of the “technological spike” or the […]


The Bakken, a little about EUR and R/P

The Bakken, a little about EUR and R/P thumbnail

In this post I present some of the methods I have used to get estimates based on actual NDIC data on the Estimated Ultimate Recovery (EUR) for wells in the Bakken North Dakota. The Bakken is here being treated as one big entity. As the Bakken shales [for geological reasons] are not ubiquitous there will […]


Make Babies, and Don’t Let the Greens Guilt Trip You about It

Make Babies, and Don’t Let the Greens Guilt Trip You about It thumbnail

Several years back, the economist Bryan Caplan wrote a wonderful book called Selfish Reasons to Have More Kids. Caplan argued that most parents underestimated the benefits of larger families and were engaging in costly parenting strategies that yielded few real benefits. Thus, he said, if you love kids, you should have lots of them. From […]


Alice Friedemann: overview of peak oil, coal, and natural gas

Alice Friedemann: overview of peak oil, coal, and natural gas thumbnail

  Alice Friedemann   www.energyskeptic.com  author of “When Trucks Stop Running: Energy and the Future of Transportation”, 2015, Springer and “Crunch! Whole Grain Artisan Chips and Crackers”] Peak Oil Of all the resources in the world, oil is top dog.  All other resources depend on oil.  You can get every fish in the sea, drain every […]


No One Knows How Much Oil Is Being Stored Around the World

No One Knows How Much Oil Is Being Stored Around the World thumbnail

Peak oil, if it even exists, is very much a moving target. But so, it turns out, is measuring how much oil is already above ground, sitting in the holds of ships and in storage facilities around the world. It’s not that humanity is fundamentally incapable of measuring how much oil we are extracting—it’s that […]


Can Oil Prices Continue To Rally Like This?

Can Oil Prices Continue To Rally Like This? thumbnail

After 3-4 weeks of waiting for oil to drop convincingly below $40 for a buying opportunity we seem to have missed the boat on this rally. We see prompt Brent trading choppily within a $45-$54 range in the coming weeks and if forced to pick a side believe the market is closer to being a […]


Abiogenic Petroleum: Peak Oil and “Fossil Fuels” – Debunked

Abiogenic Petroleum: Peak Oil and “Fossil Fuels” – Debunked thumbnail

Episode 241 is a very important discussion regarding oil and so-called “fossil fuels” and “peak oil”, with Greg Quinones, titled: “Abiogenic Petroleum: Peak Oil and “Fossil Fuels” – Debunked”. This episode is being released for Thursday, December 03, 2015, and was recorded November 22. Greg Quinones is a business consultant, writer, public speaker, trainer and […]


Saudi Arabia Increases Crude Exports

Saudi Arabia Increases Crude Exports thumbnail

Top oil exporter Saudi Arabia increased its crude exports in June as it pumped at near-record-high levels while burning less petroleum for electricity than the same month last year, official data released on Thursday showed. Crude exports in June rose to 7.456 million barrels a day,  the highest for the month of June since 2012, compared with 7.295 […]


Uber’s First Self-Driving Fleet Arrives in Pittsburgh This Month

Uber’s First Self-Driving Fleet Arrives in Pittsburgh This Month thumbnail

Near the end of 2014, Uber co-founder and Chief Executive Officer Travis Kalanick flew to Pittsburgh on a mission: to hire dozens of the world’s experts in autonomous vehicles. The city is home to Carnegie Mellon University’s robotics department, which has produced many of the biggest names in the newly hot field. Sebastian Thrun, the […]


Great resource shift leaves investors walking tightrope

Great resource shift leaves investors walking tightrope thumbnail

Tom Nelson, head of commodities and resources at Investec Asset Management, spends almost as much time tracking Tesla Motors as he does ExxonMobil or BP . Why? If the electric carmaker lives up to its pledge to upend the auto industry, it will have serious implications for oil demand. Navigating profound industry transitions is particularly […]


If peak oil arrives, investors will need to get smarter

If peak oil arrives, investors will need to get smarter thumbnail

It was assumed oil would be more valuable in the future but all bets are off if demand falls ©AP Timing is everything when it comes to investing in commodities.It seems difficult to believe now but in 2014 oil was considered one of the safest bets around. The reasoning among large financial investors was straightforward. […]


The effects of negative interest rates on markets, economies and more

The effects of negative interest rates on markets, economies and more thumbnail

Central banks’ implementation of negative policy rates is at an unprecedented scale, reflecting both the limits of previous unconventional monetary policies and a general inability to utilize fiscal stimulus to jump start economic growth. However, this extreme policy approach will have consequences, both intended and unintended, for markets, macroeconomic balances, investors, consumers, and policymakers. We […]


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