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News from August 2012

The Natural Gas ‘Ponzi Scheme’

The Natural Gas ‘Ponzi Scheme’ thumbnail

A little over a year ago The New York Times published a very controversial article detailing what might be a potential Ponzi scheme or at the very least an industry-wide fleecing of investors in the natural gas industry. In this article, NYT printed a variety of emails from corporate insiders casting doubt on the wells […]


Uncovering the Real Price of Peak Oil

Uncovering the Real Price of Peak Oil thumbnail

Doug Casey, chairman of Casey Research and expert on crisis investing, is on the search for real wealth—not investments in companies that push around paper. In this exclusive interview with The Energy Report, Casey shares his pragmatic take on what’s next for oil, gas and nuclear power. The Energy Report: There will be a Casey […]


Kuwait : Natural gas provides half Saudi Arabia’s power generation

Kuwait : Natural gas provides half Saudi Arabia’s power generation thumbnail

Saudi Arabia’s power generation Forty-nine percent depends on natural gas and remaining from liquid fuels with renewable power resources accounting for a negligible share, reported the Kuwait Financial Center (Markaz). As per the reports, situation is set to change as nuclear and solar power are increasingly seen as an option to satisfy the growing demand […]


Orlov: The Collapse Wager

Orlov: The Collapse Wager thumbnail

[This is a guest post from Howard. I reformulated his wager somewhat. I am not a betting man myself. I also consider those who bet against collapse to be a bad risk. But to each his own, plus I think Howard’s collapse wager may have some didactic value in forcing people to think hard about […]


Peak Oil Denial: Re-Visiting A Peak Oil Lament

Peak Oil Denial: Re-Visiting A Peak Oil Lament thumbnail

In the course of conducting research for a book I’m now working on, (and as a follow-up to last Thursday’s post) I came across this—the unofficial genesis for the dozens of Peak Oil-denial posts I’ve featured here. In writing of the oil industry’s/right-wing’s efforts to cloud the issue of what impact the gradual decline of […]


A successful story of solar stimulus

A successful story of solar stimulus thumbnail

A recent front-page story in the Cape Cod Times uncovered a situation where the American recovery and Reinvestment Act (the ARRA – remember that?) has been successful.  And since it involves sustainability and since the words “project manager” and “jobs” were featured heavily throughout the story, we thought we’d share much of it with you […]


Most Coal-to-Gas Switching in US Permanent

Most Coal-to-Gas Switching in US Permanent thumbnail

Coal won’t win back much of the share of electricity generation that it has lost to natural gas in the U.S., Moody’s Investors Service said. “Coal will regain a bit of market share as natural gas prices recover somewhat, but most coal-to-gas substitution to date will be permanent,” Anna Zubets-Anderson, a Moody’s vice president and […]


‘Eating’ Water Latest and Rising Threat to a Thirsty World

‘Eating’ Water Latest and Rising Threat to a Thirsty World thumbnail

Paradoxically, the water we “eat” is likely to become one of the growing new dangers to millions of the world’s thirsty, hungering for this finite natural resource. “More than one-fourth of all the water we use worldwide is taken to grow over one billion tons of food that nobody eats,” Torgny Holmgren, executive director of […]


Ron Paul Just Made The Last Speech Of His Political Career — Here’s What He Said

Ron Paul Just Made The Last Speech Of His Political Career — Here’s What He Said thumbnail

Speaking on the eve of the Republican National Convention, Ron Paulreassured hundreds of ecstatic supporters at a rally here Sunday that the revolution he began is far from over. “Let me tell you, I was a little afraid to come down here,” Paul told the crowd at his Sun Dome rally. “I wasn’t afraid of […]


Saudi Arabia – America’s Real Strategic Petroleum Reserve?

Saudi Arabia – America’s Real Strategic Petroleum Reserve? thumbnail

As oil prices ticked above $115 per barrel last week, a White House leak revealed that President Barack Obama may dip into the Strategic Petroleum Reserve (SPR), the United States’ 695 million barrel stockpile of emergency fuel supplies. The leak might have been a signal that Washington wants Gulf countries to take action to lower […]


Energy expert says world’s oil production has peaked

Energy expert says world’s oil production has peaked thumbnail

Every year in August there is a weeklong event, the Oil & Gas Conference. It’s in Denver and draws an international audience. By most accounts EnerCom is the best on the schedule. This year 121 companies were scheduled to make presentations. If I were allowed to hear only one presentation, and attend one breakout session, […]


2012 ASPO-USA Conference – More Facts, More Fun

2012 ASPO-USA Conference – More Facts, More Fun thumbnail

Planning continues for the 2012 ASPO-USA Annual Conference, this year held at the University of Texas in Austin. Simply stated, our goal for this year’s conference is “more facts, more fun.”  We hope that you come to Austin to learn and think, but also to get “energized” and build relationships with friends and partners old […]


Kunstler: Male Energies

Kunstler: Male Energies thumbnail

     History will notice — even if we are too chickenshit to face it now — that the extraordinary turpitudes of US politics today represent an unprecedented failure of American manhood. It’s everywhere and pervasive along the spectrum of party politics, as untruth is everywhere and pervasive in American life.      The Republican […]


Food shortages could force world into vegetarianism

Food shortages could force world into vegetarianism thumbnail

Water scarcity’s effect on food production means radical steps will be needed to feed population expected to reach 9bn by 2050 Leading water scientists have issued one of the sternest warnings yet about global food supplies, saying that the world’s population may have to switch almost completely to a vegetarian diet over the next 40 […]


IEA sees oil market as ‘sufficiently supplied’

IEA sees oil market as ‘sufficiently supplied’ thumbnail

International Energy Agency Executive Director Maria van der Hoeven said she sees no reason for a release from the US Strategic Petroleum Reserve (SPR). The IEA “bases our actions on data and reality,” she told reporters after an Aug. 17 speech at Rice University’s Baker Institute, adding, “The market is sufficiently supplied.” Her comments came […]


Calling out extremists

Calling out extremists thumbnail

verything the executive director of the International Energy Agency said in Houston this month needed to be said and cannot reasonably be disputed. Like many leaders who express right thoughts about development of unconventional oil and gas resources, however, Maria Van der Hoeven didn’t say enough. In a speech at the Baker Institute of Rice […]


U.S. Gasoline: High Price Could Continue Despite Low Demand

U.S. Gasoline: High Price Could Continue Despite Low Demand thumbnail

Crude oil rallied alongside other commodities and the euro to its highest in three months last week on NYMEX, mostly from market’s expectation of new Euro Zone bailouts and a third round of quantitative easing from the U.S. Fed. Crude oil had continued the uptreand after the Energy Dept. reported a decrease of U.S. oil […]


The fossil fuel free garden

The fossil fuel free garden thumbnail

It’s the first season for our Transition group’s community garden, but already we’ve taken to calling it the Fossil Fuel Free Garden. The tagline is an easy way for us to make the point that not only do we expect our fellow gardeners to stay organic (no chemicals, please) but that we have the additional requirement […]


Power Transition

Power Transition thumbnail

by Justin Ritchie & Seth Moser-Katz After years of stagnant growth in conventional oil extraction rates, ignorance of Hubbert’s Curve has peaked. Now that the mainstream can’t dismiss the issue, public conversations proclaim an exuberant belief in marginal reserves as our savior. Claims of American energy independence have fueled a dialogue that threatens to drive […]


Water shortages hit US power supply

Water shortages hit US power supply thumbnail

As the United States’ extended heat wave and drought threaten to raise global food prices, energy production is also feeling the pressure. Across the nation, power plants are becoming overheated and shutting down or running at lower capacity; drilling operations struggle to get the water they need, and crops that would become biofuel are withering. […]


Veiled Threats By Prominent Neo-Malthusians: Cull Human Population Or Expect “Vast Die-Off”

Veiled Threats By Prominent Neo-Malthusians: Cull Human Population Or Expect “Vast Die-Off” thumbnail

In a report published last April by the Royal Society titled People and the Planet, the elitist UK-based society calls for massive population reduction and de-industrialization of the west. However drenched in euphemisms, the report cannot conceal its ominous undertones. Listed among its “key recommendations” the report proposes several measures similar to the one put […]


Why doesn’t more communication translate into greater consensus about the world’s problems?

Why doesn’t more communication translate into greater consensus about the world’s problems? thumbnail

On the surface one would think that the revolutionary advances in worldwide communications–made possible first by the telegraph, then by the telephone, the radio, the television and now by the Internet–would lead to a broad consensus on such issues as climate change and resource depletion. Almost everyone now has nearly instant access to the latest […]


food production after peak oil

food production after peak oil thumbnail

edited from: Toby Hemenway Permaculture talk


Peak cheap oil is an incontrovertible fact

Peak cheap oil is an incontrovertible fact thumbnail

Brent crude jumped to $115 a barrel last week. Petrol costs in Germany and across much of Europe are now at record levels in local currencies. Diesel is above the political pain threshold of $4 a gallon in the US, hence reports circulating last week that the International Energy Agency (IEA) is preparing to release […]


UN Says New Measures Needed to Address Asia Population Issues

UN Says New Measures Needed to Address Asia Population Issues thumbnail

The chief of the U.N. Population Fund (UNFPA) is calling for Asia governments to give higher priority to women’s development programs. Babatunde Osotimehin says countries should  address increasing population concerns with what he called “foresight and justice”. Greater empowerment for women U.N. Population Fund Executive Director Babatunde Osotimehin is calling for greater empowerment of women […]


IEA may release oil reserves as soon as September

IEA may release oil reserves as soon as September thumbnail

World oil consumers are poised to tap into emergency oil inventories as soon as early September after the International Energy Agency (IEA) dropped its resistance to a U.S.-led plan, a source and an oil journal said on Friday. Just one week after its chief said there was no discussion of possible emergency action, the IEA […]


Oil prices are setting their own course

Oil prices are setting their own course thumbnail

It is indeed difficult to write about the evolution of oil prices in the market of few months now. Prices seem to move against expectations, one way or another. Since the peak of $124.12 (Dh455.9) a barrel on March 18 for the Opec (Organisation of the Petroleum Exporting Countries) basket of crude oils, prices have […]


Saudi authorities uncover ‘terrorist’ plots, arrest militants, seize explosives

Saudi authorities uncover ‘terrorist’ plots, arrest militants, seize explosives thumbnail

Saudi Arabia’s news agency says authorities have uncovered “terrorist” cells plotting attacks against Saudi police and civilians in Riyadh, the capital. The Saudi Press Agency quotes an unidentified Interior Ministry official as saying that six Yemenis have been arrested after they prepared explosives and experimented with them outside Riyadh. Explosives were seized, the report says. […]


The Collapse of the English and Welsh Fishery

The Collapse of the English and Welsh Fishery thumbnail

This collapse will be repeated in commons after commons until they are all depleted. Somewhere along the line, the inevitable gigadeath will begin. Jay Handson http://www.jayhanson.us/_Biology/EnglishAndWelsh.pdf


Tech Talk – China’s Offshore Oil

Tech Talk – China’s Offshore Oil thumbnail

The recent post on Chinese claims to territory in the China Sea, mentioned the rush to plant flags on different islands in the South China Sea portion, as a sign of the ongoing nature of the disputes that continue to develop in the region. That status has continued with protests this last weekend in China […]


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