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BP: Global Energy Demand to Grow by a Third

Consumption

Global energy demand will grow by around a third, driven by a burgeoning Asian middle-class, according to BP’s latest energy outlook. “Global demand grows by around a third in the base case, with virtually all of this increase consumed by fast growing emerging economies,” Spencer Dale, BP’s group chief economist, said. In terms of the […]


Energy from Waste, or Waste from Energy?

Energy from Waste, or Waste from Energy? thumbnail

Biking along the Lake Ontario shoreline one autumn afternoon, I passed the new and just-barely operational Durham-York Energy Centre and a question popped into mind. If this incinerator produces a lot of electricity, where are all the wires? The question was prompted in part by the facility’s location right next to the Darlington Nuclear Generating […]


Oil oversupply double world’s needs for 50 years

Consumption

The world has access to more than twice as much oil as it will need between now and 2050, which will dampen the long-term outlook for prices, according to BP. There was an “abundance of oil” globally and it was “increasingly likely” that some resources would be left in the ground, Spencer Dale, the oil […]


Global Oil Demand Will Grow into 2040s According to BP Energy Outlook

Consumption

Global oil demand will continue to grow into the 2040s even as electrical vehicle fleets expand and the low-carbon energy transition gains traction around the world, BP revealed in its annual Energy Outlook, an industry benchmark report forecasting long-term trends and informs the company’s internal strategy. The predictions come as other oil companies such as […]


Supporting “Youngers” in Transition

Consumption

I was twenty-five years old when I started working for Transition US almost four years ago, and since then one of my strong desires has been to engage more young people in our movement. I’ve seen the energy and passion young people bring to social change work. And as the ones who are inheriting a […]


Michael Lynch: Peak Oil Demand Is Deja Vu All Over Again

Consumption

The current fashionable theme in energy is ‘peak oil demand’ and the accompanying possible stranding of fossil fuel resources, with the resulting damage to the equity value of producing companies.   This post will discuss reasons to be wary, at least of some of the arguments.  A subsequent post will discuss more realistic rationales—and signposts—towards peak […]


Resources need to grow according to magnitude of population

Consumption

With India’s population likely to reach 1.6 billion in 20 years,resources have to grow according to the magnitude of future population in the context of the country’s low world ranking in terms of Gross Domestic Product and Human Development Index, Prem Krishna,Chairman of Research Council, Central Building Research Institute, Roorkee, said. Delivering his address at […]


When will oil demand peak?

Consumption

The two-year oversupply of oil appears to have passed following an agreement by Opec and non-Opec countries to reduce production by 1.8m barrels a day (mb/d). But in the future will we need all the oil which is produced? Slowly, technology is impacting energy consumption patterns and fast growth in renewable energy could disrupt oil […]


The Emerging Markets Consumer

Consumption

By Karl Desmond Three billion people entering the middle class1 and $30 trillion of annual consumption by 20252 – these are two numbers that summarize the drastic demographic and economic shift currently happening in emerging market countries and what McKinsey & Co. has called, “the biggest growth opportunity in the history of capitalism.” 2 The […]


BP predicts “peak oil” will hit between 2025 and 2040

Consumption

Oil major BP has outline six main trends which could “shape the future” of energy. The company said energy transitions this year will look at a “dominant fuel” with gas growing faster than any other fossil fuel. It will see a sharp change in price coupled with such agreements like the 2015 Paris agreement which […]


China’s Oil Collapse Is Unintentionally Helping OPEC

Consumption

OPEC’s campaign to prop up oil prices is getting unlikely support from its biggest customer. China’s production is forecast to fall by as much as 7 percent this year, extending a record decline in 2016, according to analysts at CLSA Ltd., Sanford C. Bernstein & Co. and Nomura Holdings Inc. That’s about the same size […]


How robots will save the economy

How robots will save the economy thumbnail

When countries around the world face a rapidly ageing workforce, machines will help to fill the gap Image Credit: AP     The United Nations forecasts that the global population will rise from 7.3 billion to nearly 10 billion by 2050, a big number that often prompts warnings about overpopulation. Some have come from neo-Malthusians, […]


Energy Independence: Why Bother?

Energy Independence: Why Bother? thumbnail

It doesn’t make economic or geopolitical sense. In a global economy where we drive cars built in Japan, work on computers made in China and eat shrimp caught and peeled in Thailand, why do we hesitate to use oil pumped in Saudi Arabia? Do we fear oil shortages or embargoes? We’ve weathered those before. The […]


Neoliberals know the price of everything and the value of nothing

Consumption

My father likes to say that some people know the price of everything and the value of nothing. The same could be said of the neoliberals of the world, who–in case you missed my previous piece–are now transcendent in most policy circles across the world. To review, the neoliberal agenda is one of deregulation, unfettered […]


Peak Uranium: the uncertain future of nuclear energy

Peak Uranium: the uncertain future of nuclear energy thumbnail

  Alice Friedmann recently posted on her blog “Energy Skeptic” a summary of the discussion on nuclear energy from my book “Extracted” (Chelsea Green, 2014). It is a well-done summary that I am reproducing here. Note that the text below mixes some of the considerations of the main text (written by me) and of one […]


Oil – Past, Present, And Future King Of Energy

Consumption

Summary Several articles on Seeking Alpha have recently proclaimed the imminent decline of oil – I disagree. Oil demand is strong and will continue to grow. Numerous research groups agree, oil demand will grow, not decline. Being an avid student of energy and an energy investor, I spend a great deal of time reading and […]


The coming famine: Russia, peak oil and the collapse of cheap food

The coming famine: Russia, peak oil and the collapse of cheap food thumbnail

I’ve gotten a couple emails from people who have asked me what I think the “end game” is in regards to Russia. And, indeed, the government is going into extra innings with this whole Russia vilification project. This is worse than someone who has held on to a grudge for years. The government does that, […]


4 Possible Futures For The Global Food System

4 Possible Futures For The Global Food System thumbnail

Somehow, despite the fact that the global food system produces so many calories that 2.1 billion people are overweight or obese, it also leaves 800 million people without enough to eat. The agriculture sector is responsible for 29% of greenhouse gas emissions, plus a host of environmental problems, from polluted waterways to deforestation. Food waste […]


Gail Tverberg: 2017 The Year When the World Economy Starts Coming Apart

Gail Tverberg: 2017 The Year When the World Economy Starts Coming Apart thumbnail

Some people would argue that 2016 was the year that the world economy started to come apart, with the passage of Brexit and the election of Donald Trump. Whether or not the “coming apart” process started in 2016, in my opinion we are going to see many more steps in this direction in 2017. Let […]


Prepare for a Bumpy Ride in 2017

Prepare for a Bumpy Ride in 2017 thumbnail

After two and a half years of opening up the taps (or rather: not closing them) OPEC has changed course in what is looking to be a gamechanger for the oil market. Market sentiment has shifted and the oil price has gone up. But that doesn’t mean we can go back to the status quo […]


How high-tech agriculture can prevent oncoming global water wars

How high-tech agriculture can prevent oncoming global water wars thumbnail

Forget about oil or gas – you should be worrying about the less discussed but far more concerning fact that the world is running out of clean, drinkable water. I wrote this article while in Kathmandu. Nepal’s capital and largest city has a severe water shortage. Even though all homeowners pay a fee to the […]


The craziest oil price predictions for 2017

The craziest oil price predictions for 2017 thumbnail

Predicting where oil prices would go next month or next year has always been a game of hit and miss, all the more so in the past two years since the oil price crash began. Analysts have forecast prices in the range US$10 to US$70 at various points this year, and actual prices have also […]


The real economy: What is it?

The real economy: What is it? thumbnail

A comment from Pierre Rabhi, a French thinker and farmer, who I prefer to call the “philosopher of the land”: “Today, when one speaks of economics, it is not a question of the real economy. The real economy is a system that aims to share resources as evenly as possible to meet the needs of […]


Half of world population made air travel in 2016

Half of world population made air travel in 2016 thumbnail

A total of 3.7 billion passengers took scheduled flights in 2016 –which amounts to almost half of the global population. A preliminary data, released by the International Civil Aviation Organization (ICAO), shows a growth of 6.0% in 2016, compared to 2015. The number of worldwide scheduled flights rose to approximately 35 million. This means that […]


ExxonMobil Develops Technology To Dehydrate Natural Gas

Consumption

The drive to improve efficiency and lower costs with new technology continues with ExxonMobil Corp. (NYSE: XOM) being among the latest to launch solutions. The oil and gas giant’s cMIST technology removes water vapor from natural gas using an absorption system inside pipes during production. The dehydration technology was described as an alternative to the […]


Peak Oil and Capitalism

Consumption

“Securing adequate oil supplies was … an important element in all the major wars of the twentieth century and in the United States’ two most recent interventions in the Middle East.” (Matthew R. Simmons:Twilight in the Desert) Oil is a bit like the dinosaurs: it was made millions of years ago and is not being […]


2017 and “Killer Apps” for the Transition

Consumption

On the Open Manufacturing Google Group, an email list for people interested in open-source industrial design and commons-based peer production models for physical production, Nathan Cravens raised the question of why peer-production of physical goods has had such a hard time gaining traction as an alternative to the corporate capitalist model: Open source projects seem […]


The Train for Berlin: Can Railroads Replace Planes for Long Distance Travel?

The Train for Berlin: Can Railroads Replace Planes for Long Distance Travel? thumbnail

This November, I went by train from Locarno, in Switzerland, all the way to Berlin, for the conference of ASPO Germany.  The trip lasted more than 11 hours and it involved four different trains. It was one of the several tests I have been performing during the past few years to see how and how […]


When The Horse Is Dead, The Whip Won’t Help: It’s Time To Dismount And Acknowledge Growth Is Dead

When The Horse Is Dead, The Whip Won’t Help: It’s Time To Dismount And Acknowledge Growth Is Dead thumbnail

What is Economic Growth? Investopedia says… Economic growth is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. Traditionally, aggregate economic growth is measured in terms of gross national product (GNP) or gross domestic product (GDP). Ok, but what about the capacity to […]


Knowledge, not resources, driving economic growth

Consumption

Some economists worry the world economy isn’t growing fast enough. It’s slowing down and reaching the point of “secular stagnation”. On a very different wavelength, however, environmentalists worry that if the world economy keeps growing the way it is, it won’t be long before we run out of the natural resources on which that growth […]


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