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Plastics choking man, fish, cows, birds and wildlife to death

Plastics choking man, fish, cows, birds and wildlife to death thumbnail

Did you have some beef or fish stew for your dinner recently? Well, you may have eaten some few pieces of plastic as well. A study by the United Nations Environment Programme two weeks ago found that 15 per cent of all cows slaughtered in Nairobi are full of plastics in their stomachs. Other studies […]


Running For The Exits: Peak Oil Demand

Consumption

Summary A terminal price decline in oil is inevitable. Trends in EV cost, ICE efficiency, and driverless cars will cripple oil demand. The price decline we have seen with coal — a commodity that continues to see minor demand growth — will pale in comparison to the price drop coming for oil. Investors should liquidate […]


Oil is not going away for decades- if ever

Consumption

An impending terminal crisis in net energy is looming over the global economy, according to Jonathan Rutherford of Insurgent Intelligence. The kind of growth that some multinational companies have been conducting is “green growth,” he notes with no signs of “degrowth.” “In my view, at best, they will vigorously pursue ‘green’ growth, i.e. via the […]


The Oil Glut Rewrites History

Consumption

The good news for oil bulls is that U.S. stockpiles of the stuff, while still bloated, are now firmly back inside the historical range. The bad news is that all that bloating means the average isn’t what it was. When the Energy Information Administration puts out its weekly summary of oil inventories, the one-pager usually […]


Electric cars may take over Indian roads by 2020

Consumption

Even as Indians take to the road like never before, consumers could well be buying their last petrol or diesel car, according to a US-based expert. Using the country’s quick adaptation of smartphones as a model, Tony Seba, lecturer of Entrepreneurship, Disruption and Clean Energy at Stanford University, says electric vehicles could bring about a […]


China Won’t Reach Peak Energy Demand Till 2040

Consumption

China will not reach peak energy demand until the year 2040, according to a new report from the China National Petroleum Corp (CNPC) on Wednesday. Previous estimates said the peak would be reached in 2035, but new figures suggest that five years later, demand would be its highest at 4.06 billion tons of oil equivalent. […]


Oil To $100? Deja Vu A Decade Later

Consumption

Summary We revisit 2007, the year before oil prices leaped above $100/barrel. Worldwide excess inventories today are 2.5x higher than in 2007. US total stock are drawing 3x higher today than 2007, and could accelerate as we head into H2 2017. Call us intrigued. Goehring and Rozencwajg had previously called for $100/barrel oil by 2018 […]


Peak Oil And Peak Demand Have Entirely Different Outcomes

Consumption

Following my previous article — Peak Demand? No, A New Gasoline Demand Record — I received some interesting feedback from readers. It quickly became apparent that some didn’t understand that the current discussions around “peak oil demand” are quite different than the “peak oil” arguments that were popular a few years ago. Some interpreted my […]


World GDP in current US dollars seems to have peaked; this is a problem

Consumption

Falling interest rates have huge power. My background is as an actuary, so I am very much aware of the great power of interest rates. But a lot of people are not aware of this power, including, I suspect, some of the people making today’s decisions to raise interest rates. Similar people want to sell […]


The Myth Of Natural Gas As A Bridging Fuel

Consumption

I often disagree with the consulting group Bloomberg New Energy Finance, but they may be spot on in questioning whether natural gas can serve as a bridge to the future.  Of course, they would say no, renewables will take over quickly, while I would say it will continue to be an important fuel, not a […]


IEA sees fall in oil demand to continue

Consumption

The Paris-headquartered International Energy Agency (IEA) has been anticipating extended period of decline in the demand for oil commodities, primarily in core sectors like power and transport. In his presentation at the week-long Asia Cooperation Dialogue (ACD) on Energy in Bohol, IEA Special Advisor to the Executive Director Amos Bromhead noted that despite doubling of […]


Which EROI do we need to collect berries?

Which EROI do we need to collect berries? thumbnail

    My wife, Grazia, collecting berries in the woods of Tuscany in a hot day of August. Maybe her ancestors were doing exactly the same, more or less in the same place, hundreds or thousands of years ago.    The question of EROI – the energy return on energy invested – is raging nowadays, […]


A future of cheap oil

Consumption

An ongoing price slump is rattling the industry and weakening petrostates. How will low prices change the world? Here’s everything you need to know: How cheap is oil? Prices have hovered between $40 and $50 a barrel for the past year — far below the pre-collapse high of $147 a barrel in 2008. The U.S. […]


‘Oil is not forever’

Consumption

While presiding over the monthly meeting of the Organization of Petroleum Exporting Countries in Stockholm, Sweden, in December, 1986, Shiek Ahmed Zaki Yamani, oil minister of Saudi Arabia, then the cartel’s president, told the stunned oil-consuming world: “Oil is not forever. You have just seen the end of cheap oil.” Three days after that ominous […]


Chris Martenson: Signs Of Distress

Consumption

The world is edging closer to the final moments after which everything will be forever changed. Grand delusions, perpetuated over decades, will finally hit the limits of reality and collapse in on themselves. We’re over-budget and have eaten deeply into the principal balances of all of our main trust accounts. We are ecologically overdrawn, financially […]


Oil Prices Up Amidst Higher Global Demand, Nigeria Instability

Consumption

Oil prices rose slightly on Friday in volatile trading as the market weighed lower U.S. crude stocks, Nigerian instability and strong global demand growth against a persistently slow rebalancing. Brent crude settled up 20 cents or 0.39 percent to $52.10 a barrel. U.S. West Texas Intermediate crude was up 23 cents or 0.47 percent to […]


Oil’s Most Likely Direction Is Down

Consumption

Oil’s recent rally has run out of steam, and the path of least resistance continues to be lower for the beleaguered market. U.S. oil futures have encountered resistance at the $50-a-barrel level, and face a deluge of challenges in breaking above the current range. While bullish storage signals have lifted prices more than 14% since […]


The Arrival Of Peak Oil Demand And The Final Days For Oil

Consumption

Summary There are greater threats to the outlook for oil than growing OPEC or U.S. shale oil production. Peak demand growth for oil will arrive faster than commonly considered. Renewable sources of energy and electric vehicles are advancing at a rapid rate aided by significant leaps in technology. Known oil reserves are destined to become […]


The Anatomy Of An Oil Market Evolution, Its Sustainability, And Consequences

Consumption

Summary Oil price manipulation looks to be elusive, based on failing abilities to constrict supply. For decades, the oil market was based on oil supplies not meeting increases in demand, and prices sustained at high levels. U.S. oil production changed expectations by producing supply that exceeded demand. Technology transformed the oil market in ways unforeseen […]


Peak Demand? No, A New Gasoline Demand Record

Peak Demand? No, A New Gasoline Demand Record thumbnail

Given all the media hype about peak oil demand — which is supposed to come about largely as a result of the explosive growth of electric vehicles (EVs) — you might be forgiven for missing the news that U.S. gasoline demand just hit a new all-time high. This new demand record comes despite EV sales […]


Saudi Arabia Builds Cities in the Sand to Move Beyond Oil

Consumption

After relying on oil to fuel its economy for more than half a century, Saudi Arabia is turning to its other abundant natural resource to take it beyond the oil age — desert. The kingdom is converting thousands of square kilometers of sand into new cities as it seeks to diversify away from crude, create […]


Among States, Texas Consumes the Most Energy, Vermont the Least

Among States, Texas Consumes the Most Energy, Vermont the Least thumbnail

Source: U.S. Energy Information Administration, State Energy Data System. EIA’s State Energy Data System (SEDS) recently released 2015 data estimates for all 50 U.S. states and the District of Columbia. The estimates include data on both total energy consumption and energy consumption per capita, which is calculated by dividing total consumption by population. In 2015, Texas consumed a total of 13 […]


The Five Forces of Fragmentation: A Global System in Breakdown?

The Five Forces of Fragmentation: A Global System in Breakdown? thumbnail

Wayne Visser Copyright How do we know when value to society is being destroyed by economic activities? Taking a systems science perspective, the answer is: whenever it causes fragmentation, or disintegration. This is consistent with the idea that the tendency towards greater integration in nature and society is a fundamental principle of evolution (Smuts, 2013; […]


Is The EIA Exaggerating U.S. Oil Production?

Consumption

Oil is back at $50 per barrel, restoring some semblance of confidence in the market. But that is just about as much as we can expect in terms of a rally, according to most analysts, with momentum likely to dissipate from here. But not everyone agrees. Many are worried that oil prices will crash again […]


What’s Really Driving the Global Economic Crisis is Net Energy Decline

What’s Really Driving the Global Economic Crisis is Net Energy Decline thumbnail

As argued in more detail by Ted Trainer in this symposium the best hope for transition to a ‘post carbon’ — or, better, a sustainable society (a much broader goal) — lies in a process of radical societal reconstruction, focused on the building, in the here and now, of self-governing and self-reliant settlements, starting at the micro-local level. The ‘Simpler Way’ vision we […]


Forbes Says Self-Reliant Homesteaders Are “Delusional” and “Mooching” Off “Civil Society”

Forbes Says Self-Reliant Homesteaders Are “Delusional” and “Mooching” Off “Civil Society” thumbnail

It’s always interesting reading when someone smug and sanctimonious writes a clueless diatribe about another group of people being smug and sanctimonious. So when I saw that an economist for Moody’s and Forbes had written an op-ed calling self-reliant homesteaders “delusional,” I knew I’d be in for some misinformed hilarity. The article, entitled, “Dear Homesteaders, […]


Is This The End Of The Oil Glut

Consumption

In recent weeks, the crude oil market has finally started to show signs that it could be heading toward rebalancing—the stated goal of OPEC’s cuts and the favorite buzzword of analysts and officials this year. Saudi Arabia is cutting crude oil exports, notably to the U.S., in a renewed effort to influence the oil market […]


A New Twist on “Peak Oil”

Consumption

In mid-2000, the world feared it was running out of oil. Speculators, in turn, became feverishly bullish on oil’s price. A 78% crash soon followed. Now, the phrase “peak oil” has been re-introduced, but in a different way.


Oil tycoon promises his next car will be electric

Oil tycoon promises his next car will be electric thumbnail

Yes, you heard that right, the boss in charge of Europe’s biggest oil company says his next car will be electric. Does this revelation from the CEO at Shell say a lot about the future of fossil fuels? It seems so, with Ben Van Beurden, 59, saying the demand for oil could peak within the […]


What is the worst product ever marketed?

What is the worst product ever marketed? thumbnail

    The worst product ever marketed: the disposable propane lighter. Wasteful, expensive, non-recyclable, using non-renewable materials, having benign alternatives (matches). In short, evil. And yet, it was hugely successful. Image from Wikipedia.     Greens often exaggerate in inviting people to save energy and be happier by staying in the dark and eating insects. However, it […]


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