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News from October 2016

Thermodynamic Oil Collapse: Why The Global Economy Will Disintegrate Rapidly

Thermodynamic Oil Collapse: Why The Global Economy Will Disintegrate Rapidly thumbnail

The world is heading towards a rapid disintegration of its economic and financial system due to a “Thermodynamic oil collapse.”  I spoke with Dr. Louis Arnoux of nGeni, about the details of the thermodynamics of oil depletion and its impact on the global economy. Unfortunately, the world is completely in the dark about this energy […]


The mother of all promises and how science failed to maintain it

The mother of all promises and how science failed to maintain it thumbnail

  “Energy too cheap to meter” was the mother of all promises (above, Disney’s atomic genius from 1956).  Unfortunately, science failed utterly to deliver this and many other promises made during the “nuclear age,” and even later. Eventually, people will realize how much hot air there is in the press releases about pretended scientific breakthroughs […]


Navy Officer Tells Alaskans: Prepare For War

Navy Officer Tells Alaskans: Prepare For War thumbnail

An unnamed former Navy official has warned the residents of Alaska to prepare for an invasion in the event of war between the U.S. and Russia. The Daily Star has reported that a former high-ranking Naval official has evidence to suggest Russia is preparing to invade Alaska if war breaks out between the United States […]


Patterns of Commoning

Patterns of Commoning thumbnail

As part of our series on the 100 Women Who Are Co-Creating the P2P Society, the P2P Foundation’s Michel Bauwens interviews Silke Helfrich on her work in the commons, and her collaboration with David Bollier on Patterns of Commoning. Bauwens: Silke, could you first give some background about yourself and your collaboration with David Bollier […]


Oil Pipelines Are Easy To ShutDown

Oil Pipelines Are Easy To ShutDown thumbnail

In less than a year seven oil pipelines in the US and Canada have been shutdown by climate activists, costing oil companies millions. Here’s how they did it.


Militants storm oil city Kirkuk amid Mosul advance

Militants storm oil city Kirkuk amid Mosul advance thumbnail

Suspected Islamic State fighters stormed an Iranian-run power plant and police stations in the Iraqi oil city of Kirkuk on Friday in an apparent counter-attack as Iraqi forces advanced on militant-held Mosul about 100 miles to the northwest. Iraqi media said at least 11 workers were killed in the pre-dawn assault by suicide bombers armed with rifles and that a […]


Peak Oil & System Justification: Uncertainty

Peak Oil & System Justification: Uncertainty thumbnail

    The management of uncertainty is served by resistance to change insofar as change (by its very nature) upsets existing realities and is fraught with epistemic insecurity. *     MORE ON CHANGE & UNCERTAINTY     If you have a strong psychological need to keep things as they are, you’re likely to reject […]


Who Has More Oil Reserves? Who Cares?

Who Has More Oil Reserves? Who Cares? thumbnail

Investors and oil market watchers are constantly wondering just how much oil is in the ground. Just how large are each country’s oil reserves? The market seems to cycle between cries that we have reached “peak oil” (a term indicating the maximum rate of oil extraction after which oil extraction will permanently decline), and waves […]


Massive Saudi Arabia Bond Deal Comes to Market

Massive Saudi Arabia Bond Deal Comes to Market thumbnail

Saudi Arabia is selling a huge bond deal to international investors Wednesday. The country is, “borrowing out of the oil crash,” surmises research firm CreditSights. The country needs the cash infusion to staunch large budget deficits incurred due to the decline in oil prices. It’s the first time it has sold bonds to international investors, […]


Transition in Cities

Transition in Cities thumbnail

It is widely assumed that the ongoing migration of rural peoples to mega-cities all over the world will help reduce humanity’s per-capita energy footprint, while giving people a higher standard of living and accelerating energy transition. But the world is full of old, inefficient cities in desperate need of an eco-makeover, and of experts who […]


World Bank Boosts 2017 Crude Oil Forecast To $55 Per Barrel

World Bank Boosts 2017 Crude Oil Forecast To $55 Per Barrel thumbnail

The World Bank raised its crude oil price forecast for 2017 to $55 a barrel on Thursday from $53 a barrel, as it expects an output agreement among the Organization of the Petroleum Exporting Countries (OPEC) to help trim excess supply. Energy prices, which include oil, natural gas and coal, are expected to jump nearly […]


Venezuela Exports Its Crisis

Venezuela Exports Its Crisis thumbnail

Don’t bother looking for Pacaraima in your guide book. A pokey Brazilian town in the Amazon rainforest, it’s best known as the last trading post before the Venezuelan border. But thanks to Venezuelan President Nicolas Maduro and the disaster he’s made of South America’s fifth largest economy, some 30,000 Venezuelans have poured into Pacaraima since […]


Beijing-Manila Oil Deal Underway In South China Sea

Beijing-Manila Oil Deal Underway In South China Sea thumbnail

The Philippines is set to enter into a deal with China to jointly explore energy resources in the South China Sea, called the West Philippine Sea in the Philippines, the Manila-based Inquirer newspaper reported on Wednesday morning, citing officials from Philippine President Duterte’s office. According to the report, Philippine officials said they were in talks […]


Why Oil Could Head Back To $90 Sooner Than Thought

Why Oil Could Head Back To $90 Sooner Than Thought thumbnail

I don’t know much about fashion, but I have heard that blue is the new black. And I know that by the time I buy blue, everyone else will be wearing green. In the oil business, modish pundits are now pronouncing, “60 is the new 90,” championing the thesis that productivity gains, cost improvements and […]


Hidden Fragility – What Happens When The Electricity Is Off For Three Days?

Hidden Fragility – What Happens When The Electricity Is Off For Three Days? thumbnail

what happens when an electricity dependent society and economy has an extended loss of electrical grid and communications? One of the hidden realities of modern life is its fragility. For example, few people are aware of the precariousness of the supply chain that refills gasoline/petrol stations around the world every few days. A new book, When Trucks […]


Energy Prosperity Comes in Many Forms

Energy Prosperity Comes in Many Forms thumbnail

Ethane’s domino effect in Pennsylvania The shale energy revolution is famous for jump-starting natural gas production in Appalachia, with Pennsylvania and Ohio at the center of a drilling boom during the past decade from which thousands of people flourished from good jobs related to natural gas extraction. But putting people to work drilling and producing natural gas and […]


Beyond Protests

Beyond Protests thumbnail

Watch this entire interview here – https://submedia.tv/stimulator/2016/1… Two former Black Panthers tell us #BlackLivesMatter has to move from street level protests to building community lead revolutionary organizations that challenge the authority of the state and their police


World map of Peak Oil Production

World map of Peak Oil Production thumbnail

This animated map is an excerpt from a conference presentation by Randy Park. It shows the peaking of oil production (peak oil) for countries around the world. It also shows oil consumption.


BP, a company with a split personality

BP, a company with a split personality thumbnail

It is six years since a prominent newspaper dubbed BP’s chief executive the “most hated and clueless man in America” and in that time the company has paid $62 billion in fines and compensation for its role in the Macondo Gulf of Mexico oil spill. Perhaps surprisingly, much of the top leadership that visited the […]


Kunstler: The Odor of Desperation

Kunstler: The Odor of Desperation thumbnail

It must be obvious even to nine-year-old casual observers of the scene that the US national election is hacking itself. It doesn’t require hacking assistance from any other entity. The two major parties could not have found worse candidates for president, and the struggle between them has turned into the most sordid public spectacle in […]


Saudi Arabia: Give Us Your Money and Don’t Ask About Oil

Saudi Arabia: Give Us Your Money and Don’t Ask About Oil thumbnail

Government officials make presentations on new economic vision They don’t give forecast for oil or discuss Middle East wars For Saudi Arabia, some things are better left unsaid. As they swapped their traditional white robes for business suits and ties to meet with prospective investors ahead of the kingdom’s first-ever international bond sale, Saudi government […]


The great transformation

The great transformation thumbnail

A record deployment of renewables has helped shape the energy supply over the last 15 years A number of emerging technologies, policy initiatives such as the COP21 agreement in Paris last year, the continued increase in demand in China and India, a rise in growth of renewable energies, as well as the growth in unconventional […]


Peak Oil Demand Could Hit In 2030. Or Sometime Between 2040 And 2050

Peak Oil Demand Could Hit In 2030. Or Sometime Between 2040 And 2050 thumbnail

The past two years have been tough for energy companies and resource-dependent economies. The price of oil has plummeted from about $100 per barrel to around $30, and only recovered to $50 in recent weeks amid news that OPEC would cap production. An oil price recovery was welcome news for the oil industry, as analysts […]


Can oil bridge ties between Iran and the West?

Can oil bridge ties between Iran and the West? thumbnail

Iran’s oil ministry announced it will accept applications from foreign oil companies roughly a week after the US Treasury Department lifted more sanctions against Tehran. Iran has once again reminded the world it is open for business. The country’s oil ministry will accept applications from foreign companies starting Monday for the exploration and production of […]


Saudi Bank Stress Builds as Kingdom’s Cash Injection Falls Short

Saudi Bank Stress Builds as Kingdom’s Cash Injection Falls Short thumbnail

Interbank lending rates extend advance as liquidity tightens Central bank pledge of $5.3 billion failed to ease crunch Saudi Arabia has work to do to ease pressure in the kingdom’s banking system. The interest rate banks charge one another for loans rose by the most since August on Sunday, extending a trend that’s slowing earnings […]


Deepwater Horizon and our emerging ‘normal’ catastrophes

Deepwater Horizon and our emerging ‘normal’ catastrophes thumbnail

While watching the recently released film “Deepwater Horizon” about the catastrophic well blowout in the Gulf of Mexico that caused the largest oil spill in U.S. history, I remembered the term “fail-dangerous,” a term I first encountered in correspondence with a risk consultant for the oil and gas industry. We’ve all heard the term “fail-safe” […]


Peak Oil & System Justification: Avoidance

Peak Oil & System Justification: Avoidance thumbnail

  The researchers found that being intolerant of ambiguity is associated with such conservative characteristics as unwavering certainty and strong loyalty to particular people and positions. Conservatives don’t feel the need to jump through complex, intellectual hoops in order to understand or justify some of their positions. They are more comfortable seeing and stating things […]


The Local Food Revolution: How Humanity Will Feed Itself In Uncertain Times

The Local Food Revolution: How Humanity Will Feed Itself In Uncertain Times thumbnail

We are being ranched,” says Michael Brownlee, and what is more, most of us are living in one kind of food desert or another. In this book, author Michael Brownlee is inciting a local food revolution, and this revolution is far more expansive, far more radical, and far more life-altering than creating a few farmers […]


Pentagon Warns Of Looming Dystopian Future For “Megacities”

Pentagon Warns Of Looming Dystopian Future For “Megacities” thumbnail

The year is 2030. Forget about the flying cars, robot maids, and moving sidewalks we were promised. They’re not happening. But that doesn’t mean the future is a total unknown. According to a startling Pentagon video obtained by The Intercept, the future of global cities will be an amalgam of the settings of “Escape from […]


Winners of the oil bust: How much oil did China store?

Winners of the oil bust: How much oil did China store? thumbnail

It’s not surprising that in recent years China has been taking advantage of the low crude prices to stockpile strategic and commercial oil reserves. It’s not surprising that official data – if and when authorities decide to make it available – understates said reserves. This lack of information has left oil traders, investors and the […]


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