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How the fracking mess is about to make the mortgage mess worse

One fact ought to tell you all you need to know about the risks faced by homeowners signing leases for natural gas drilling on their property: Wells Fargo & Company, both the largest home mortgage lender in the United States and a major lender to the country’s second largest producer of natural gas, Chesapeake Energy [...]

Forget Peak Oil, Time To Worry About Peak Oil Labor

In a recent working paper, researchers at the the IMF (International Monetary Fund) attempt to reconcile the Peak Oil debate that whether resource constraints will dictate the future of oil output and prices, or advance in technology motivated by high oil price would eventually provide a solution to more production, as well as higher oil prices. [...]

Energy delusions aggravate European economic problems

Political revolt against fiscal austerity underscores laws governing energy and money to which European leaders should pay more heed: Neither can be created from nothing. No one, not even politicians, can create energy. All people can do is make available energy useful. People can, in a sense, create money. Individuals and corporations can earn profits. [...]

Clean Tech Headed for Stagnation

To be sure, the U.S. clean energy industry has been in a period of rapid growth, largely due to historic federal investments in the research, development, deployment, and manufacture of clean technologies. From 2009 through 2014, the federal government will invest a total of $150 billion, or the equivalent in magnitude to government support for [...]

The difficult future facing black gold

Oil is the leading source of energy in the world today, but its future is riddled with problems and experts disagree about the long term prospects for ‘black gold’, as swissinfo.ch discovered. Historian Daniele Ganser is head of the Swiss Institute for Peace and Energy Research (SIPER) in Basel and chairman of the Swiss [...]

Erik Townsend Interviewed by Unconventional Finance

PEAK OIL – Erik Townsend Interviewed by Unconventional Finance Erik Townsend’s Website: http://www.eriktownsend.com/

Saudi Arabia breaks new ground — trading oil

* Saudi opens new oil products trading company * Aramco Trading to move 1.5 million bpd * Deals in physical oil, paper and derivatives trading Saudi Arabia, the world’s largest oil exporter, has long been a dominant force in the oil market – but has never been an oil trader. That’s changing now as Riyadh [...]

Is Natural Gas Really the Next Big Thing?

Is natural gas the new next big thing? It is called a revolution in energy and a game-changer. Daniel Yergin claims that “the rapidity and sheer scale of the shale breakthrough—and its effects on markets—qualified it as the most significant innovation in energy so far since the start of the twenty-first century.” The President has proclaimed that [...]

Kuwait minister says oil price fair at $100

An oil price of $100 a barrel is fair, and Kuwait is producing around 3.1 million barrels of crude a day, the country’s oil minister said in comments published on Tuesday. “The fundamentals of supply and demand indicate that $100 a barrel is a fair price,” Hani Hussein told newspaper al-Rai in an interview, adding [...]

A Word to the Wise: Know Your Power

Power-related issues are a growing predicament on a global scale. The global population and industrial development are growing more rapidly than existing power infrastructure can handle, having a detrimental effect on efficiencies worldwide. The ever increasing global power issues all stem from an international power grid that is, in a word, archaic. Back in the [...]

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