Scientists Warn Iraqie Oil Will Be Depleted in Less Than 30 Years

The solar revolution is coming. It’s been building momentum for years and is quickly becoming unstoppable. According to the U.S. Department of Energy, installations in the United States have grown 35-fold since 2008. This trend is expected to continue, with installations set to double between 2019 and 2023. Some people may doubt that the future […]

Harvesting Blackhole Energy Isn’t As Crazy As You Think

Nuclear fusion,solar fuels, floating offshore nuclear plants, and microwave beaming. These are some of the esoteric and rather outrageous renewable energy ideas that scientists have proposed to help break our over-reliance on fossil fuels. Some like nuclear fusion are much further ahead than others after scientists last year kicked off the five-year assembly phase of […]

China Has Just Created an Artificial ‘Star’

EAST is a fusion reactor in China, which can reach temperatures over six times hotter than the core of the sun. And it is the key to sustainable energy. Imagine if we could replace fossil fuels with our very own stars. And no, we’re not talking about solar energy, but actual nuclear fusion. Recent research […]

Global fossil fuel demand should peak in 2027, says consulting firm McKinsey

Aggregate fossil fuel demand on a global-scale is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of COVID-19, according to new research by leading global consultancy McKinsey & Company. Its Global Energy Perspective 2021 report finds that while coal demand peaked already, […]

Batteries are made of rare, declining, critical, and imported elements

Preface.  Since oil and other fossils are finite and emit carbon, the plan is to electrify society with batteries.  But doh!  Minerals used in batteries are finite too.  And dependent on fossil-fueled transportation and manufacturing from mining trucks, to smelter, to fabrication, to delivery. Alice Friedemann   www.energyskeptic.com  author of “When Trucks Stop Running: Energy and […]

Solar now ‘cheapest electricity in history’: How much will it matter?

The International Energy Agency (IEA), the Paris-based consortium of 30 countries, has told us in its flagship World Energy Outlook 2020 that solar-produced electricity is now the “cheapest electricity in history.”  That seems like very good news, that is, until the actual expected impact of that fact is examined more closely. For those who are […]

My green home: $90,000 in clean tech upgrades, $20,000 in tax breaks

A few years ago I started writing regularly about electric cars and the batteries that power them—technologies that are helping humanity transition away from reliance on fossil fuels. And as bad news continued to pile up about the harms caused by climate change, I started to think harder about my own carbon footprint. So last […]

Ten predictions for energy in 2021

This will be your future if some powerful people at the World Economic Forum get their way: you’ll own nothing and “be happy about it.” Energy will be green, rationed, and expensive, and travel will be restricted. Your diet will be controlled, and currency will be digital. This left-wing dystopian dream is called the Great […]

Unsustainable energy a psychological failure

Professor Susan Krumdieck’s book Transition Engineering: Building a Sustainable Future is a technical instructional manual for engineers faced with how to adapt within our cities to meet the targets of 80 percent less fossil fuel. Not just the technical stuff, it’s also a strong imperative to do what we clearly must, to effect the inevitable downshift […]

Scientists Just Set a New World Record in Solar Cell Efficiency

Improving the efficiency of solar cells can make a huge difference to the amount of energy produced from the same surface area and the same amount of sunshine, and another world record has been beaten in the push for better yields. Researchers have now hit an efficiency of 29.15 percent in the perovskite/silicon tandem solar […]

How to make your business thrive by doing good

Professor Klaus Schwab, the founder of the World Economic Forum, has called for the abandonment of both “shareholder capitalism” and “state capitalism”, which have proven to be incapable of meeting the world’s challenges. He suggests that a “stakeholder capitalism” – a term he coined in the early 1970s – would enable a “Great Reset” of […]

Big Oil Seeks Redemption in the Hydrogen Revolution

What’s a fossil fuel company to do when the world is planning to give up on fossil fuels? Join the revolution, of course. That helps explain the enthusiasm of Equinor ASA, Royal Dutch Shell Plc and PetroChina Co. about getting in on the switch to a hydrogen economy. For a century, oil companies have spent colossal sums of […]

Why Oil Won’t “Go Gentle Into That Good Night”

The progressive goal to “transition” away from oil might not be as easy as some proclaim. In the U.S., oil has been our main source of energy since 1950, when it surpassed coal. Along with its sister energy source, natural gas, oil dominates the immense U.S. energy complex (see Figure). In the U.S., more than […]

The last oil peak in the history of the world

Current global energy consumption forecasts indicate that although renewables are set to expand by 50% between 2020 and 2025, they will not fully replace fossil fuels in our lifetimes. However, if recent geopolitical, economical, and sociological factors are taken into account, this prediction becomes obsolete. The world is about to enter a period of rapid energy transformation. At the […]

Greenwash

The harm caused by the climate crisis has become undeniable – and terrifying. The floods, storms and raging fires, and the death and displacement they bring, have contributed to a global upwelling of concern and demands on governments to take action. But this has led to new behaviour by the fossil fuels lobby that will undermine […]

Switch to electric vehicles could ‘end oil era’

Emerging markets switching from petrol and diesel engines to electric vehicles (EVs) could save $250 billion annually and slash expected growth in global oil demand by as much as 70 percent, an industry analysis showed Friday. As more and more nations such as China and India look to grow their electic fleet, they are in […]

U.N. Chief Guterres Demands End to Coal-Fired Power in a Reset World

The world must stop building new coal power plants and instead embrace green alternatives in a post-coronavirus reset world, U.N. Secretary-General Antonio Guterres said on Saturday. Speaking via video message to the East Asia Summit 2020, Guterres called on all countries to reject coal and join together in seeking other alternatives. To that end, Guterres demanded […]

Nuclear vs Solar: The Race For Renewable Dominance

Back in October, Texas GOP Rep. Dan Crenshaw opined that solar and wind “don’t work,” calling them “silly solutions.” Instead, nuclear energy would be a “far better energy resource than solar and wind if [Democrats] cared about zero emissions.” Crenshaw will likely be challenged on this – quite seriously. On Nov. 4, the day after […]

Japan Eyes Replacing Oil With Hydrogen Amid Carbon Neutral Push

Tucked into a port in western Japan sits a spherical tank that may soon hold the country’s energy future. The import terminal in the city of Kobe, is slated to get its debut hydrogen shipment in March. Over the next 30 years deliveries of the zero-emission fuel are expected to ramp up exponentially as the […]

Wall Street Enthusiasm for Green Energy Fades

Wall Street’s confidence that the U.S. election would spark a clean-energy revolution dimmed after Republicans appeared set to retain control of the Senate, casting doubts over whether Joe Biden could pursue his climate agenda even if he wins the White House. As a picture slowly emerged Wednesday of Democrats positioned to potentially take the White […]

The Big Oil Side Hustle: Where ‘Renewable’ Money Is Really Going

“It is unrealistic to suggest that renewables could replace conventional baseload fuels.“–Gregory Boyce, former CEO Peabody Energy Corp., 2010. Every time an oil and gas major announces a major foray into renewable energy, the skeptics come out like clockwork and lambast the sector for merely trying to burnish its green credentials. Sometimes the criticism appears […]

America’s First Nuclear Fusion Reactor Could Go Online in 2025

In 2014, Lockheed Martin (NYSE:LMT) shocked the world with the announcement that it was building a nuclear fusion reactor and planned to have it online “in as little as ten years.” Five years later, Lockheed confirmed that it is still working on the project — but had made very little progress in nuclear fusion energy. […]

Will the Pandemic Spell the End for Oil and Gas?

In August, Exxon Mobil, once the largest publicly traded company in the world, was dropped from the Dow Jones industrial average after 92 years. Exxon’s removal is emblematic of the changing profiles of energy companies. In 2008, oil and gas companies accounted for more than 15 percent of the S&P 500; today they make up […]

Can Hydrogen and Renewable Natural Gas Displace Shale?

Today, corporate and state decarbonization announcements are progressing into actual strategic plans, often calling for increased production of hydrogen and renewable natural gas (RNG—cleaned methane from a landfill or anaerobic digester). These gases can use existing infrastructure while producing low-to-negative carbon emissions, making them an attractive lever for decarbonization. As a result, government incentives are […]

Energy Transition Picks Up Steam

Precisely when the world passes peak oil demand is still very much a contested debate, but the one thing that is clear is that many of the macro trends are negative for the oil industry. Most recently, Chinese President Xi Jinping announced plans to achieve net-zero carbon emissions by 2060. While light on specifics, the […]

China’s net-zero goal to send coal, oil demand diving

China’s “monumental” announcement it is targeting carbon neutrality by 2060 has cemented a permanent downward track for coal demand in the country and points to a peak in its use of oil as early as 2025, according to Bernstein Research. The predictions are part of a radical transformation expected from the world’s largest consumer of […]

MIT Researchers Say Their Fusion Reactor Is “Very Likely to Work”

A team of researchers at MIT and other institutions say their “SPARC” compact fusion reactor should actually work — at least in theory, as they argue in a series of recently released research papers. In a total of seven papers penned by 47 researchers from 12 institutions, the team argues that no unexpected impediments or […]

Why Are Oil and Gas Companies Investing in Nuclear Fusion?

The oil industry’s search for carbon-free alternatives to fossil fuels has led to many interesting investment decisions over the years. Somewhere high on that list is nuclear fusion, the energy that powers the sun, which has drawn investment from at least three major oil companies. Chevron became the most recent player to show an interest […]

Is This The End Of The Oil Era?

Oil major BP says we may already have seen “peak oil demand”. What would that mean for your portfolio? John Stepek investigates. The world may already have reached “peak oil demand” – the point at which annual consumption hits a plateau and is never any higher again. That’s not a hyperbolic press release from Extinction Rebellion […]

The Holy Grail Of Endless Energy: Harvesting Blackholes

A year ago, House representative Alexandria Ocasio-Cortez of New York and Senator Edward J. Markey of Massachusetts, both Democrats, proposed the Green New Deal, a nonbinding congressional resolution that lays out a grand plan for tackling climate change by meeting 100% of the power demand in the United States through clean, renewable, and zero-emission energy sources. […]

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