Analysis: $100 Oil No Reason Yet to Panic

(UPI) — It`s been just over a year since Wall Street powerhouse Goldman Sachs released a report stating that oil prices could spike to more than $100 per barrel in the near future, which caused more than a few eyebrows to be raised and created mild panic in the energy markets. Since then, however, the […]

Southern Basin’s riches lure global giants

Global oil giants are showing “unprecedented” interest in exploring the Great South Basin, which the Government has now opened for business after a legal stoush. Associate Energy Minister Harry Duynhoven announced yesterday the start of the bidding process for 40 offshore blocks containing oil and gas south of the South Island. The 360,000sqkm area is […]

Dark as a Dungeon

Dark as a Dungeon by Dale Allen Pfeiffer Introduction In the wake of the recent mining tragedies in West Virginia, letThen natural gas prices surged upward as supplies became difficult to obtain. Overnight, the power companies awoke to the truth: natural gas may be abundant in the world, but in North America, production is already […]

The Oil Drum: A Conversation with Vinod Khosla, Part 2

In my recent essay Vinod Khosla Debunked, I challenged Mr. Khosla to a written debate on his recent ethanol claims. Mr. Khosla e-mailed me shortly after that essay appeared, and offered to discuss the matter by phone. I wanted to first make sure he understood my objections, so we exchanged several e-mails in which I […]

The Three Energy Wars

“We are practically in an energy war. The price of a barrel of petrol has multiplied threefold” (in the last two years), the French Finance Minister Thierry Breton told Europe 1 radio station on July 25. Contrary to the contention of the French minister, the world in fact is locked in three energy wars, not […]

The dirty secret behind Kyoto

The U.S. chose economic growth over reducing emissions – but so have many of the countries who actually signed on to the Kyoto treaty. NEW YORK (Fortune) — The green fundamentalists have never been shy about casting the first stone. If the world fries because of climate change, they thunder, it will be America’s fault. […]

Earth may not survive our denial

What will happen to civilization as we know it when we run out of oil? I’ve probably spent too much time lately reading books with depressing titles like Our Final Hour by Martin Rees, The End of Oil by Paul Roberts or The Long Emergency by James Howard Kunstler. These are writers who aren’t afraid […]

While Lebanon burns, the Saudis feign impotence

“For the Saudis, the Lebanese and Palestinians are It

Trading in housing futures

…Gemma and Sam currently rent a home in the inner suburbs of Melbourne. There is no way they could afford to buy a house anywhere near as close to the city as they now live. They will have to choose between staying close to work and continuing to rent, buying a flat or unit in […]

Converging Ecological Crises: Are We Up To The Challenges?

There is a very substantial volume of highly credible writing, for anyone that wants to see it, that warns us that humankind has only a few decades left in which to I urge that readers do not escape by

A combination of triple scourges this winter

Along with Peak Oil, Peak Grain and Peak Water the world enters crisis overload A deadly combination of heat and drought is slowly wreaking a trail of devastation across much of the globe, and the full extend of this scourge will only be felt as winter nears. The current phenomenon took meteorologists by surprise as […]

Nigeria cuts daily crude output by 26 percent

LAGOS, 07/31 – The crude production in Nigeria has been cut by 675,000 barrels per day (bpd), or 26 percent of the country `s normal daily output, local leading daily This Day reported on Monday. “The cut is a result of recent militant attacks in the Niger Delta and a pipeline leak there last week, […]

Serious spill on large Russian export pipeline

Natural Resources Ministry warns of ‘environmental catastrophe’ MOSCOW – A serious oil spill has occurred on one of Russia

Scientist publishes ‘escape route’ from global warming

A Nobel Prize-winning scientist has drawn up an emergency plan to save the world from global warming, by altering the chemical makeup of Earth’s upper atmosphere. Professor Paul Crutzen, who won a Nobel Prize in 1995 for his work on the hole in the ozone layer, believes that political attempts to limit man-made greenhouse gases […]

Personal bankruptcies hit record high (South Korea)

The nation’s personal bankruptcy filings hit a record high in the first half of the year due to the ongoing economic slowdown and softened bankruptcy rules. As the central bank has made borrowing costs more expensive in a move to fend off rising inflation, debtors find it increasingly hard to repay their loans.This is largely […]

Heatwave shuts down nuclear power plants

The European heatwave has forced nuclear power plants to reduce or halt production. The weather, blamed for deaths and disruption across much of the continent, has caused dramatic rises in the temperature of rivers used to cool the reactors, raising fears of mass deaths for fish and other wildlife. Spain shut down the Santa Maria […]

Where are the poets? A peak oil rallying cry to artists

True change – social, political, spiritual – falls like rain when the time is right, but only if it has some nucleus to form around. Poets and artists of all kinds are the rainmakers of the world. We seed the clouds with stories that offer new ways of seeing things. We look into the shadows […]

Coal to fuel India’s economic growth

India is on the threshold of announcing several key bilateral agreements in coal sector, aimed to set off strategic public-private partnerships with global firms. The trigger: With oil prices hitting new highs, coal as a cheap and abundant source of energy is back in favour. Sources in the coal ministry point to strong incentives. Global […]

Energy crisis: Have we woken up from a long slumber? (Sri Lanka)

People in this country today were given the big news by our political leaders that there is a major energy crisis facing the country. I am sure the informed people in the country must be wondering whether to laugh or cry. This is certainly not news to the people because we know for a long […]

US cut off from Cuba’s oil rush

A Canadian firm is among the companies whose move to drill for oil along Cuba’s coastline has raised the eyebrows of oil executives — and given energy-thirsty America pause to reconsider its 45-year trade embargo against the Communist country. Canada’s Sherritt International Corp. has exploration rights in four of the 59 deep-sea blocks that the […]

Malaysia should safeguard China palm oil mart share: Industry

Malaysia should always be on its toes and protect its biggest palm oil market, China, from being overtaken by its nearest rival Indonesia, plantation industry officials said. As it is, Indonesia, which is the world’s second largest palm oil producer, will surpass Malaysia within the next two to three years simply because it has more […]

How Canada’s green groups are funded by US industry

According to author Peter Cizek, the Pembina Institute, World Wildlife Fund Canada, the Canadian Parks and Wilderness Society and the Sierra Club of Canada, as well as scores of other “green groups” are in the pocket of the Pew Foundation. In return for millions in funding, these groups remain silent on issues related to the […]

Bryant Urstadt interview proper link

Although the article at http://etopiamedia.net/empnn/pages/cpt-emnn/cpt-emnn610-5551212.html does include the Peak Oil/Global Warming Channel player and a link for syndicating it, the proper link to the interview with Bryant Urstadt, author of the August, 2006, Harper’s Magazine cover story “Imagine There’s no Oilhttp://etopiamedia.net/empnn/pages/cpt-emnn/cpt-emnn609-5551212.html not http://etopiamedia.net/empnn/pages/cpt-emnn/cpt-emnn610-5551212.html as incorrectly indicated at: http://www.peakoil.com/article17545.html my apologies for any inconvenience caused by […]

Oil Depletion Economics 101

Based on its own alternative set of internally compatible assumptions, each scenario can be constructed with due attention to the associated economic and cultural constraints. These assumptions drive the values shown for each data series. We can then assign a probability value to each scenario we construct. High probability scenarios give us a clue to […]

Coal May Surpass Oil as Better Bet on Demand for Cheaper Fuel

Coal, the hard, black byproduct of fossilized plants used as fuel since China’s Western Han dynasty 2000 years ago, may overtake oil as the best performing energy investment. That, at least, is the emerging consensus from a diversity of speculators, investors and giant corporations including Wilbur Ross, the billionaire bankruptcy specialist, BHP Billiton Plc, the […]

Portland, San Francisco, and Salisbury, Maryland, consider “peak oil”;

As “peak oil,” the inevitable point of irreversible decline in the availability of the substance to which U.S. President George W. Bush has belated admitted the country is “addicted,” surges in public awareness, some U.S. cities are rushing to address it, while others are burying their heads in the oil sands (formerly tar sands) and […]

Saudi Arabia’s oil a huge question, concerning price and control

From the Saudi Arabian sands pour more than 9 million barrels of crude oil each day, more than 10 percent of the world’s production pumped from what is believed to be the largest pool of recoverable crude on Earth. For three decades, it has been Saudi Arabian oil that poured into the market to dampen […]

Iran rejects terms of UN nuclear resolution

The people of Iran are entitled to produce their own nuclear fuel, President Mahmoud Ahmadinejad said on Sunday, rejecting the terms of a draft United Nations resolution that demands it give up its nuclear work. France on Friday issued a draft resolution to the Security Council demanding Iran suspend nuclear activities by August 31 or […]

Water car in pipeline

Scientists are working on building a water-powered car. They claim the abundance of hydrogen in water could make it the green fuel of the future. Experts at the University of Minnesota and the Weizmann Institute of Science in Israel have found that water reacting with the element boron produces hydrogen. fuelcellsworks fuelcellsworks

The capitalist case for alternative energy

The history of capitalism suggests that a transition from today’spetroleum-based economy to a post-oil era is inevitable. What is the capitalist case for seriously planning for a post-petroleum economy now? startribune

Next Page »

LATEST NEWS HEADLINES

• Is It Time To Abandon the Idea of Phasing Out Oil and Gas?
• More than 20% of global refining capacity at risk of closure
• Charles Hugh Smith Blog: Fire, Then Ice Our Deflationary Future
• Saudi Aramco CEO Amin Nasser says energy transition strategy ‘visibly failing’
• 100 million-degree ‘artificial sun’ sets new records in hunt for energy’s ‘Holy Grail’

• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy
• US seeks to buy up to 3 million bbls of oil for Strategic Petroleum Reserve
• Desertification: the world is losing healthy land at an astonishing rate
• US oil production will keep booming in 2024, setting up a possible showdown with Saudi Arabia
• Saudi Arabia piles pressure on UAE to shift COP28 focus away from oil and gas
• US Warship, Commercial Ships Under Attack In Red Sea