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Prepare For The Imminent Economic Collapse 2018

Consumption

Shocking video of the coming Economic Collapse and the next Great Depression. There have not been so many trouble signs for the global economy in a past few months. Analysts are sounding the alarm about junk bond defaults, the smart money is getting out of stocks at an astounding rate, mortgage rates are absolutely skyrocketing, […]


America’s Grids Are Not Ready For Summer Heatwaves

Consumption

Los Angeles has had blackouts and soaring electricity prices. Electricity prices across the nation have jumped to as much as double for late summer. The Secretary of Energy is calling for subsidies to make otherwise noneconomic coal and nuclear power plants available to the grid. The taxpayers of New York have stepped up with a […]


Saudi Arabia Says It Won’t Oversupply the Global Oil Market

Consumption

Saudi Arabia rejected concerns that it’s planning to oversupply global oil markets and said it will actually trim crude exports next month. Under pressure from U.S. President Donald Trump to cool rallying prices, the kingdom bolstered production by the most in three years last month, pumping almost 10.5 million barrels a day. Yet it signaled […]


Global Population Growth Ceased In 1988…Population Has Only Grown Older Since Then

Global Population Growth Ceased In 1988…Population Has Only Grown Older Since Then thumbnail

The world stopped growing about 1988… and has only grown older since. Global births, per five year periods, according to the UN.  Births and UN medium and low variant estimates through 2040…plus my best estimate of the most likely births.  Despite the significantly larger (older) total population, births continue to languish and appear set to decline.  Since […]


The Future of Oil Demand: Peak, Plateau, or Plummet?

Consumption

Projecting future levels of global oil demand is becoming an increasingly difficult challenge. With the advent of competitively priced alternatives to oil and changing policy prerogatives, some analysts have speculated that oil demand will experience a peak in the near future. This high level of uncertainty for future levels of demand has important implications for […]


Chinese Oil Demand Growth Could Slow Down Soon

Consumption

Oil demand growth in the world’s biggest oil importer—China—is at risk of slowing down, at least in the coming months.   Higher oil prices play a role in this, but the main culprit is a new tighter tax regime on independent Chinese refiners, which is already choking the refining margins and profits of the so-called […]


You Can’t Stop A Wave But You Can Surf

You Can’t Stop A Wave But You Can Surf thumbnail

  “A more prosperous way down would be to work at community scale“ Part Two According to both Jimmy Carter and Kris De Decker, whom we quoted in Part One, we can only solve energy poverty and energy decadence if we manage to decouple human need satisfaction from energy intensive ‘need satisfiers.’ “By equating what […]


This Oil Price Crash Was Just A Correction

Consumption

The oil market is “stretched to the limit” despite the fact that OPEC+ agreed to ramp up production following their meeting last month, according to the International Energy Agency. The IEA said that the increased supply from Saudi Arabia, its Gulf allies and Russia is “very welcome,” given the series of outages reported around the […]


Gail Tverberg: The world’s weird self-organizing economy

Gail Tverberg: The world’s weird self-organizing economy thumbnail

Why is it so difficult to make accurate long-term economic forecasts for the world economy? There are many separate countries involved, each with a self-organizing economy made up of businesses, consumers, governments, and laws. These individual economies together create a single world economy, which again is self-organizing. Self-organizing economies don’t work in a convenient linear […]


Speculation About $150 Oil And The (Inevitable) Rise Of Deep Water Companies

Consumption

As this column goes to press, the world oil price is well north of $70 a barrel, a long way from the nadir of $30 a mere 30 months ago. So the oil forecaster’s parlor game is again in full swing. Will we see a return to the $150 barrel, the peak last experienced in […]


Despite renewables gains, gas leads new US generation

Despite renewables gains, gas leads new US generation thumbnail

Dive Brief: Despite the rise of renewable energy and the struggles of older plants such as coal, the United States’ energy infrastructure remains dominated by fossil fuels, according to the Federal Energy Regulatory Commission’s (FERC) May infrastructure update. About 2.1 GW of new gas capacity came online in May, according to the report, compared with […]


Bernstein: Oil May Jump Past $150 On Chronic Underinvestment

Bernstein: Oil May Jump Past $150 On Chronic Underinvestment thumbnail

A supply shortfall is lurking should major oil companies continue to underinvest in exploring for new oil reserves, and this “chronic underinvestment” is setting the stage for the next super-cycle that could see oil prices soar to $150 a barrel or more, analysts at Sanford C. Bernstein & Co said on Friday. Investors clamoring for cash returns […]


Energy Is The Key To Everything

Consumption

When people are sitting around making lists and deciding what they need to survive or just get by in the future there is one thing they need to give great thought to. Energy is the basis of everything. Energy takes many forms such as food, electricity, liquid fuels, mechanical, nuclear, solid fuels, solar and wind […]


10 years after the oil price spike

Consumption

Ten years ago this week—July 11, 2008 to be exact—the price of a barrel of oil on the New York Mercantile Exchange hit an intraday high of $147.27, its highest price ever. By the following autumn the world economy was in shambles and the price of oil was tumbling. The oil price eventually bottomed out […]


Inflation Rearing Its Ugly Head

Inflation Rearing Its Ugly Head thumbnail

The world of finance and investment, as always, faces many uncertainties. The US economy is booming, say some, and others warn that money supply growth has slowed, raising fears of impending deflation. We fret about the banks, with a well-known systemically-important European name in difficulties. We worry about the disintegration of the Eurozone, with record […]


Global Emissions are Up, in BP’s Analysis

Consumption

French consultancy Cedigaz sees global gas demand growing by 1.4%/year between 2016 and 2040, a major reduction cumulatively from last year’s 1.8% compound annual growth rate. It does however see the fuel playing a growing role in the energy mix at the expense of the other fossil fuels, it said July 3. “The gradual shift […]


Fourth of July holiday gas prices hit 4-year high

Consumption

Fourth of July gas prices will notch their highest mark since 2014 but remain sharply lower than their all-time high for the holiday. At about $2.86 per gallon as of Tuesday morning, the national average price of gasoline is about 63 cents higher than a year ago, according to AAA. Prices have been stable over the […]


Have we reached Peak Sand?

Consumption

CC BY 2.0 Wikipedia/ Illegal sand mining in India Yet another thing we are running out of. For years on TreeHugger, we have talked about Peak Everything, having started with Peak Oil. so it seems really odd to talk about Peak Sand. But in fact, we appear to be running out of the stuff. The […]


China Will Need More US Natural Gas

Consumption

there’s room for all gas (and oil) exporters in China, the need for imports is surging that fast Looking out to just 2030, about 65% of China’s gas demand could need to be met by imports BEIJING, CHINA – NOVEMBER 09: (CHINA MAINLAND OUT)China President Xi Jinping and wife Peng Liyuan welcome US President Donald […]


Food, oil to stoke June inflation

Food, oil to stoke June inflation thumbnail

The Philippine Statistics Authority (PSA) will report official inflation data on Thursday. Latest forecasts show that prices have definitely picked up faster than the 2.5% pace clocked in June 2017. — BW FILE PHOTO By Melissa Luz T. Lopez, Senior Reporter INFLATION likely clocked in faster in June on the back of rising food and oil […]


Oil Rallies Towards $80

Consumption

It was only a week ago that OPEC and Non-OPEC agreed to add 1 million barrels per day (mb/d) to the market, but it already feels like a distant memory with the oil bulls back on the march (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to […]


Economic Advisor Warns British Defense Planners Growth Is Ending

Economic Advisor Warns British Defense Planners Growth Is Ending thumbnail

Economic growth isn’t coming back. While some level of growth might continue in coming decades, the boom era of seemingly unlimited material throughput we became accustomed to in the middle of the twentieth century is unlikely to ever return again as we enter a fundamentally new age of diminishing returns These are the conclusions of […]


World Energy 2018-2050: World Energy Annual Report (Part 1)

Consumption

Guest Post by Dr. Minqi Li, Professor Department of Economics, University of Utah E-mail: minqi.li@economics.utah.edu June 2018 This is Part 1 of the World Energy Annual Report in 2018. This author has developed world energy annual reports that have been posted at Peak Oil Barrel since 2014. The purpose of this Annual Report is to […]


Oil Spikes to Highest Price in Four Years

Consumption

Oil prices rallied Wednesday, with the U.S. benchmark settling at its highest since 2014 as domestic crude supplies notched their biggest weekly drop of the year so far. Traders also showed concerns over U.S. threats to sanction countries that don’t stop importing oil from Iran by Nov. 4. On the New York Mercantile Exchange, August […]


Potential fossil fuel production could buy time for energy transition

Potential fossil fuel production could buy time for energy transition thumbnail

Given their significance for the vital functions of industrial societies and their potential for climate change, future developments in fossil fuel production (petrol, natural gas, coal), will have to buy us time for energy transition. Energy transition will be the move from a society living off fossil fuels to a society forced to do without […]


China surpasses Japan as world’s largest natural gas importer

China surpasses Japan as world’s largest natural gas importer thumbnail

China has surpassed Japan to become world’s largest importer of natural gas, with China’s drive for a cleaner environment and a bluer sky on the increase, reports Bloomberg. China-Russia East-Route Natural Gas Pipeline in Heihe, Heilongjiang province, June 29, 2015. [File photo: IC] In order to meet President Xi Jinping’s goal of cutting pollution, many […]


Unlike Peak Oil, Peaker Gas Has a Future

Unlike Peak Oil, Peaker Gas Has a Future thumbnail

Like a bridge to the future. Photographer: Christopher Furlong/Getty Images Europe Bloomberg New Energy Finance has just released its annual tome of forecasts. The short story is that wind and solar power are getting cheaper and we will all be using more of them — a lot more, and relatively soon: Rewired The world’s mix of electricity […]


How will Earth feed 9 billion people by 2050?

Consumption

Over 795 million people in the world are hungry, and by 2050 there will be an additional 2 billion people to feed. Is the Earth able to provide enough food for our exploding population? What is the worst mistake that humans have ever made? According to an article by public intellectual Jared Diamond, humans decision […]


Chris Martenson: The End Of Growth

Chris Martenson: The End Of Growth thumbnail

More and more, I hear that folks are feeling frustrated and betrayed, combined with a sense of loss and despair. I feel this way, too. As I’ve written recently, I observe this is due more than anything else to a widespread demoralization society is suffering from. Certainly the statistics reflect this. Suicides in the US […]


What Will Follow The Age Of Oil?

Consumption

U.S. natural gas production will increase by 10 percent this year alone and by as much as 60 percent by 2037, a new report from IHS Markit has forecast. The market research company is extremely upbeat about U.S. gas because of the shale gas revolution, seeing the country becoming a leading LNG exporter thanks to […]


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