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News from November 2016

Mexico To Reap $2.9 Billion In Profits From Oil Price Hedges In 2016

Mexico To Reap $2.9 Billion In Profits From Oil Price Hedges In 2016 thumbnail

The Mexican government can expect a $2.9 billion profit from the oil price hedges it set up in 2016 – marking the second consecutive year the North American country has significantly profited off of the strategy, according to the International Monetary Fund (IMF). Last year, the country earned a record $6.4 billion from contracts brokered […]


Trump eyes oil, natural gas regulations for repeal

Trump eyes oil, natural gas regulations for repeal thumbnail

President-elect Donald Trump announced in a video posted to YouTube November 21 that he planned to roll back some Obama administration regulations on the energy sector on his first day in office. “On energy, I will cancel job-killing restrictions on the production of American energy — including shale energy and clean coal — creating many […]


The 2010 Deepwater Horizon oil spill caused widespread land erosion in Louisiana

The 2010 Deepwater Horizon oil spill caused widespread land erosion in Louisiana thumbnail

Oil on the shores of Bay Jimmy, Plaquemines Parish, Louisiana, in 2010.Bruce A. Davis, Department of Homeland Security Marnie Winter remembers seeing the oil spread through the waters of Barataria Bay in southeastern Louisiana. It was 2010, just a few weeks after an explosion on the Deepwater Horizon oil rig in the Gulf of Mexico […]


#NODAPL: Battle at the End of the World

#NODAPL: Battle at the End of the World thumbnail

Watching the footage of the police attack against water protectors from last Sunday, conjured images of the apocalypse. Yet, despite this brutal assault, the people at Standing Rock keep on fighting. This video is dedicated to Sophia Wilansky, who was critically injured during the attack. Read more about this incident here. Video provided by Wes. […]


Big Corn beats Big Oil as US hikes 2017 biofuel targets

Big Corn beats Big Oil as US hikes 2017 biofuel targets thumbnail

The U.S. government will require energy companies to use a record amount of biofuel next year, a victory for Midwest farmers that supply ethanol makers over oil firms that say using more biofuels in gasoline and diesel is costly and unachievable. The Renewable Fuel Standard (RFS) program, signed into law by President George W. Bush […]


Land is scarce. Or just a civilization myth!

Land is scarce. Or just a civilization myth! thumbnail

You can Google this one. Just the way I did. Keywords ‘World Population’. The world population as of October 2016 is estimated at 7.4 billion. And the UN estimates it will further increase to 11.2 billion by the year 2100. This one is on Google as well. Total Earth’s land mass is 36.8 billion acres. […]


Fukushima reactor cooling system stops following quake & tsunami

Fukushima reactor cooling system stops following quake & tsunami thumbnail

The cooling system of the third reactor at the Fukushima nuclear power plant has stopped circulating water following a powerful 7.3 offshore earthquake. TEPCO said it managed to restart the system some 90 minutes after the failure. LIVE UPDATES: 7.3 Fukushima quake & tsunami The cooling system servicing the Unit 3 spent fuel pool was […]


Elites Secretly Plan “Global New Deal”

Elites Secretly Plan “Global New Deal” thumbnail

In the 1930s, elites said the New Deal would haul the country out of the Great Depression (it didn’t). Now some elites say a “Global New Deal” is needed to shake the fading world economy out of the Great Recession… The U.N.’s Conference on Trade and Development just released its annual report. Bearing the sugary […]


A Crude Oil Meltdown Could Have A Long Tail

A Crude Oil Meltdown Could Have A Long Tail thumbnail

Donald Trump, as the new U.S. President-Elect, has enjoyed an incredible last few days. The expectations are high as well as the rhetoric. We have seen a .41 basis point rise in the 10 year yield since the election. The dollar is trading at close to a 14 year high. The stock market had a […]


Is Argentina About To See An Oil Crash?

Is Argentina About To See An Oil Crash? thumbnail

It’s been a tough week for the U.S. oil and gas industry, with the Department of Interior annulling 25 leases in Colorado’s Mancos shale (for environmental reasons), and then cancelling 15 leases on tribal lands in Montana. Topped off by the release of a new 5-year offshore drilling plan that closes the Atlantic, Pacific and […]


Fukushima region rocked by 7.4-magnitude earthquake

Fukushima region rocked by 7.4-magnitude earthquake thumbnail

Japan’s Fukushima region was struck by a powerful 7.4-magnitude earthquake Tuesday morning, triggering tsunami warnings and fears of another disaster in the same area that was devastated more than 5 1 / 2  years ago. But several hours after residents along the Fukushima and Tohoku coastlines were told to evacuate to higher ground and remain […]


Iran Agrees To Join In Upcoming OPEC Production Cut

Iran Agrees To Join In Upcoming OPEC Production Cut thumbnail

With OPEC’s Nov. 30 meeting in Vienna just days away,  the oil minister of Iran, a member state once reluctant to help the cartel gouge gas prices, announced his readiness to join in and strengthen production cuts. “It is highly probable that oil and energy ministers of the member countries of Organization of Petroleum Exporting […]


Reinventing Fire in China

Reinventing Fire in China thumbnail

Amory Lovins’ Rocky Mountain Institute, backed by Chinese institutions and Lawrence Berkeley National Laboratory, has published a stunning roadmap for an energy revolution in China. If its ideas are taken up, it could lead to a transformation of the largest energy economy in the world – and serve as a model for other developing nations […]


Are We Entering a Renewable Energy Tipping Point?

Are We Entering a Renewable Energy Tipping Point? thumbnail

Energy, the world’s largest industry, is currently undergoing a revolution. A switch towards renewable energy sources from the traditional fossil fuels we have relied upon to advance industrial and economic growth is underway. Chris Goodall is a writer on new energy technologies. His book, The Switch, focuses on a global transition to an energy system […]


T. Boone Pickens Was Wrong About Peak Oil, Non-Expert Joe Kernen Was Right

T. Boone Pickens Was Wrong About Peak Oil, Non-Expert Joe Kernen Was Right thumbnail

by Michael Lynch A recent piece on Forbes.com featured an interview with a fund manager Bruce Pile pointing out that Joe Kernen’s claim that T. Boone Pickens incorrectly predicted peak oil, resulting in an angry outburst from Pickens who proclaimed, “I’m the expert!” He insisted that the peak had occurred in 2005, but only shale had […]


Will We Ever See $100 Oil Again?

Will We Ever See $100 Oil Again? thumbnail

A report from auditors PricewaterhouseCoopers (PwC) has revealed that oil prices are unlikely to climb back to the $100 level, and will have a limited rise from the current spot price to between $60 and $70 per barrel over the next few years. The rise, which would pull oil prices up from the below $50 […]


Kunstler: Boo Hoo

Kunstler: Boo Hoo thumbnail

America didn’t get what it expected, but perhaps it got what it deserved, good and hard. Daddy’s in the house and he busted straight into the nursery and now the little ones are squalling in horror. Mommy was discovered to be a grifting old jade who ran the household into a slum and she’s been […]


The Imminent Peak Oil Demand Myth

The Imminent Peak Oil Demand Myth thumbnail

Summary Soon after peak oil supply theory became widely denounced in the wake of the shale boom, more and more voices proclaimed that peak demand will soon happen. Breaking down GDP growth and oil demand relationship into components in a simple formula suggests that there is no evidence of it starting to occur, or that […]


How Big Oil Loses Even Without Peak Demand

How Big Oil Loses Even Without Peak Demand thumbnail

The first rule of making projections out to 2040 is to recognize the fact that you’ll almost certainly be wrong. After all, think about doing the same thing back in 1992. Would you have predicted this? Somehow, I doubt it; most people didn’t see it coming 24 days ago. But when you’re the International Energy […]


Iran Pivots Toward Oil Deal; Expect Iraq To Go Rogue

Iran Pivots Toward Oil Deal; Expect Iraq To Go Rogue thumbnail

  A member of forces from Iraq’s elite Rapid Response Division monitors the area at the site of a suspected mass grave on November 19, 2016 on the outskirts of the village of Tall Adh-Dhahab, located some 10 kilometres (6 miles) south of Mosul. Iraqi forces have found another suspected mass grave containing the remains […]


OPEC Math Misses the Point

OPEC Math Misses the Point thumbnail

Saudi Arabia’s energy minister Khalid Al-Falih said Thursday he’s “optimistic” that the agreement OPEC reached in September to limit supply will be implemented, with individual output ceilings for member countries. But don’t mistake him for a pushover. The economics of a cut are compelling, but there’s more to it than just doing the math — and this […]


The Peak & Decline Of International Reserves Warns Of Massive Asset Deflation Ahead

The Peak & Decline Of International Reserves Warns Of Massive Asset Deflation Ahead thumbnail

The world is sitting at the edge of a massive deflationary cliff.  Even though Central Banks are desperately trying to keep the world’s financial assets from plunging down into the great depression below, signs suggest they are losing the battle. One critical sign is the peak and decline of International Reserves.  Hugo Salinas Price has […]


Iran: Oil May Rise to $55 if All Producers Cooperate

Iran: Oil May Rise to $55 if All Producers Cooperate thumbnail

Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non-OPEC producers cooperate. “We are receiving positive signals that increase the likelihood of agreement at the meeting … and I’m optimistic about the situation,” Zanganeh […]


NASA’s peer-reviewed EM Drive paper has finally been published

NASA’s peer-reviewed EM Drive paper has finally been published thumbnail

After months of speculation and leaked documents, NASA’s long-awaited EM Drive paper has finally been peer-reviewed and published. And it shows that the ‘impossible’ propulsion system really does appear to work. The NASA Eagleworks Laboratory team even put forward a hypothesis for how the EM Drive could produce thrust – something that seems impossible according to our current […]


Parts of China’s water supply are getting worse

Parts of China’s water supply are getting worse thumbnail

China is making progress in battling the damaging smog that can shroud its big cities, but in many areas – from parts of the giant Yangtze river to the coalfields of Inner Mongolia – its water pollution is getting worse. Despite commitments to crack down on polluters, the quality of water in rivers, lakes and […]


A Comeback for Coal?

A Comeback for Coal? thumbnail

After unrelenting bad news driven by retirements of coal-fired generation and the persistence of cheap natural gas, a round of summer reverse switching may boost the prospects for coal over the next 18 months. While there is too much surplus coal inventory to drive significant production growth in 2016, stronger natural gas pricing sets the […]


Screening of local film ‘Peak Oil: A Love Story’ on Dec. 2

Screening of local film ‘Peak Oil: A Love Story’ on Dec. 2 thumbnail

Dexter Dover Area Towns in Transition (DDATT) invites the public to a showing of “Peak Oil: A Love Story” on Friday, Dec. 2 at 6 p.m. in the Abbott Memorial Library. This hour-long film was made by Nelson Cole of Cambridge and features Iver Lofving, a Skowhegan resident. Peak oil is defined as “the point […]


GMO Crops Could Help Feed the World

GMO Crops Could Help Feed the World thumbnail

For many people, “GMO” is a scary word. Genetically modified organisms have been controversial for years, with a major criticism being that they do nothing to significantly increase crop yields. But new research from the University of Illinois shows otherwise. Researchers found that by boosting the levels of three proteins involved in photosynthesis they could […]


The discussion of peak oil has moved to a discussion of peak demand

The discussion of peak oil has moved to a discussion of peak demand thumbnail

In Focus magazine, World Energy Council Secretary General Christoph Frei describes the backdrop in which the energy sector is preparing for the new energy realities, for the Grand Transition. According to Frei, the “Discussion of peak oil has moved to a discussion of peak demand” (also see the latest World Energy Scenarios report launched at the […]


Is The Trump Presidency A Boon For Nuclear Power?

Is The Trump Presidency A Boon For Nuclear Power? thumbnail

By now, the shock from Donald Trump’s victory in the U.S. presidential election should be starting to subside, but this is hardly the case with worries over America’s course to a greener, more renewable-energy future. In fact, these worries have spiked in recent days, as the President-elect reaffirmed his commitment to the fossil fuel industry […]


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