U.S. Leading Oil Production Technology

July 30, 2012 (Bloomberg) — Dr. Nansen Saleri, Quantum Reservoir Impact CEO, shares his thoughts regarding how the U.S. is currently leading in Oil and Gas production technology. He speaks with Carol Massar on Bloomberg Television’s “Taking Stock.”

The Future of Our Oil Based Economy

Aaron Dykes is joined by Dan Graeber of Oilprice.com.

Second India blackout in two days cuts power to 670 million

Grids supplying electricity to half of India’s 1.2 billion people collapsed on Tuesday, trapping coal miners, stranding train travellers and plunging hospitals into darkness in the second major blackout in as many days. Stretching from Assam, near China, to the Himalayas and the northwestern deserts of Rajasthan, the outage was the worst to hit India […]

New Dark Age Survival: Thinking Long Term

If civilisation is going to collapse, it will not go easily. If it goes, there is a good possibility that many parts of the currently-developed world will suffer quasi-dark age conditions without aid or re-supply, for an extended period — months, years, perhaps longer. A lot of people talk about which book or books they […]

Iran’s Oil Minister Sees $100 as Fair Price for Crude

Iran views $100 as a “fair” price for crude oil, the state-run Mehr news agency reported, citing the OPEC-member nation’s oil minister. Rostam Qasemi said the Organization of Petroleum Exporting Countries no longer needs to hold an emergency meeting to address declining prices, as crude sells now for more than $100 a barrel, according to […]

The Joy of National Default

At 78 pages of scholarly, somewhat jargon-laden prose, Trade-Off: Financial System Supply-Chain Cross-Contagion by David Korowicz is not quick reading, nor is it light reading, but it is important reading. It puts a lot of definition to the concept of cascaded failure, in which financial collapse inexorably leads to political and economic collapse with no […]

Life after grid crash

What would you do if the lights went off tomorrow, the power cut off for good? If you aren’t already living off-grid you’re going to be in for a bumpy ride. If you are, great! But what happens next? If your supply breaks how will you fix it? This is the type of worst case, […]

Peak Minerals: Shortage of Rare Earth Metals Threatens Renewable Energy

Not only are supplies of oil and natural gas under imminent threat of failing to meet demand for them, but so is a whole range of precious metals, along with indium, gallium and germanium and other vital elements such as phosphorus and helium, as is discussed throughout this Commentary. A report from the Science and […]

Look Ma: No Water! Non-Hydraulic Fracking Extends Energy Revolution

New methods of fracturing deep source rock promise to change the face of the tight oil & gas energy revolution. Eliminating the need to use water should minimise concerns about earthquakes and water contamination. Originally developed for shale oil extraction in geographic areas that were far too cold to use water due to freezing, Non-Hydraulic […]

Ugo Bardi: Strahan demolishes Maugeri

David Strahan is a British journalist, known among peak-oilers for his book “The Last Oil Shock“. He doesn’t mince words in his attack to Leonardo Maugeri’s recent, very optimistic report titled “Oil: the next revolution.” Whereas most commenters have criticized the report for its general approach and conclusions, Strahan has been more aggressive and has […]

A mountain-top take on the “flood of oil supply”

If Montana is a microcosm of the world, one message to glean is that we are not in the midst of a decades-long flood of oil supply in the United States, as many suggest. Instead, the red lights are blinking across the exuberant U.S. oil patch. As you recall, much has been made in recent […]

Confused yet? Peak oil

Colin Powel http://www.youtube.com/watch?v=wcZwpVVDP2s Fletcher Prouty http://www.youtube.com/watch?v=2cUg3lDgJ20 Chris Martenson http://www.youtube.com/watch?v=it2VIrtkXac Terry J. Lovell http://www.youtube.com/watch?v=om4AgcRQJSs&feature=plcp Webster Tarpley http://www.youtube.com/watch?v=B8TDhpYBu0o

Monbiot peak oil u-turn based on bad science, worse maths

In his column of July 2nd George Monbiot recanted peak oil, claiming “the facts have changed, now we must change too”. Much of the article was spent regurgitating a recent report by Leonardo Maugeri, a former executive with the Italian oil company Eni, which Monbiot breathlessly reported “provides compelling evidence that a new oil boom has […]

New Frontiers: a debate over the prospect of US energy independence

The notion that the US could become “energy independent,” or at least “energy self-reliant” within a decade or so has taken on new life as crude gushes from North Dakota and cheap natural gas abounds. But what if that goal, long talked about and now tantalizingly within reach, is achieved? The almost giddy prospect of […]

An Optimistic Energy/GDP Forecast to 2050

We talk about the possibility of reducing fossil fuel use by 80% by 2050 and ramping up renewables at the same time, to help prevent climate change. If we did this, what would such a change mean for GDP, based on historical Energy and GDP relationships back to 1820? Back in March, I showed you […]

Grid Collapse in India Leaves 360 Million People Without Power

India’s worst power-grid failure in a decade cut electricity supplies to almost 360 million people in seven northern states today, shutting transport networks, triggering commuter chaos and halting water supplies. About 50 percent of the system has been restored and the remainder should resume in 3 to 4 hours after all generation plants start functioning, […]

Peak Oil’s Impact: The Olympic Games

Imagine, if you can, that there is a resource everyone likes to use.  They like to use it for convenience: it lets them go places, have neat things, eat the foods they want no matter what time of year it is…. Now imagine, if you can, that this resource begins to become scarce. Imagine that the […]

Natural Gas Fracking Industry May Be Paying Off Scientists

Last week the University of Texas provost announced he would re-examine a report by a UT professor that said fracking was safe for groundwater after the revelation that the professor pocketed hundreds of thousands of dollars from a Texas natural gas developer. It’s the latest fusillade in the ongoing battle over the basic facts of […]

Record number of coal-fired generators to be shut down in 2012

Facing declining demand for electricity and stiff federal environmental regulations, coal plant operators are planning to retire 175 coal-fired generators, or 8.5 percent of the total coal-fired capacity in the United States, according to an analysis by the Energy Information Administration (EIA). A record-high 57 generators will shut down in 2012, representing 9 gigawatts of electrical capacity, […]

US Presents Israel With Iran Strike Plan

An Israeli newspaper reported Sunday that the Obama administration’s top security official has briefed Israel on U.S. plans for a possible attack on Iran, seeking to reassure it that Washington is prepared to act militarily should diplomacy and sanctions fail to pressure Tehran to abandon its nuclear enrichment program. A senior Israeli official, speaking on […]

China’s coal to chemical future

In this post an overview is given of developments in China to create a coal to chemicals industry, primarily using methanol as an intermediary feedstock. To my surprise in doing this research, the Chinese chemical economy is advancing rapidly in its use of coal as a chemical feedstock, as opposed to crude oil in other […]

Our current infrastructure was built for a different planet

It’s easy to forget that every piece of our current infrastructure–roads, rails, runways, bridges, industrial plants, housing–was built with a certain temperature range in mind. Our agricultural system and much of our electrical generating system (including dams, nuclear power stations and conventional thermal electric plants which burn coal and natural gas) were created not only […]

Abiotic Oil and Gas: A Theory That Refuses To Vanish

In the West it is almost universally held that all oil and gas is derived from fossils. This is not the case elsewhere, particularly among Russian and Ukrainian scientists who have, over several generations, tenaciously propounded the notion that oil and gas are abiotic, can be found deep below the surface of the earth in […]

Saudi Arabia says arrests “troublemakers” in Eastern Province

Saudi Arabia said it arrested several “troublemakers” in its oil-rich Eastern Province on Friday while an activist said police wounded and detained protestors there after a peaceful demonstration. Among those arrested was Mohamed al-Shakhouri, one of 23 people wanted by the security forces, the official Saudi Press Agency quoted an Interior Ministry spokesman as saying. […]

Vacuuming the Atmosphere

“If all of the proven reserves of coal, oil and gas were to be burned by 2100 (2795 Gt), and at the same time the air extraction experiment of Global Thermostat were to be scaled up as Eisenberger and Chicilnisky project (withdrawing 2400 Gt), then Earth’s atmospheric parking lot would still have space for 170 […]

Solar Trade War With China Goes Global

Its mission statement doesn’t mention China, but there’s no doubt as to what brought together the 20 or so companies that comprise the new trade group EU ProSun: The flood of Chinese solar products into Europe that has pushed a growing number of companies to and over the financial brink. Pulled together by the German […]

6 Of The Biggest Untapped Oil Fields In The World

Whether or not you ascribe to theories of peak oil, there is no doubt that there are some massive untapped oil fields around the world. Some aren’t reaching their potential in terms of oil extraction for political reasons. Others present difficult technological challenges that haven’t quite been figured out yet. These oil fields have the […]

Peak oil is no myth

In late May, I participated in the tenth annual conference of the international Association for the Study of Peak Oil and Gas (Aspo), a network of scientists, scholars, industry experts and analysts who are exploring the nature and implications of global oil deple- tion. Aspo has formal affiliates in about 25 countries, including the US, […]

As the Arctic Opens for Oil, the Coast Guard Scrambles

Royal Dutch Shell (RDS/A) has spent $4.5 billion since 2005 preparing to explore for oil off Alaska’s north coast in the Arctic. Shell, which may begin drilling next month, is one of at least six companies planning to extract oil, gas, and minerals from the Arctic as global warming melts ice and opens new sea lanes […]

India Bans Iran Oil Tankers From Delivery

India has finally agreed to follow U.S. sanctions against Iran and recently banned at least four shipments of crude oil to the country. India was allowing the local Mangalore Refinery and Petrochemicals Ltd (MRPL) and some other state refineries to import Iranian crude oil on cost, insurance and freight  basis — wherein Tehran was to arrange for […]

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