Saudi Arabia doesn’t target specific level of oil output

Aug 31 Saudi Arabian Energy Minister Khalid al-Falih said the top crude exporter does not target a specific figure for its oil production and that its output is based on customers’ needs. “We in the kingdom of Saudi Arabia do not have a targeted number to reach. The kingdom’s production meets the requirements of the […]

The Challenges & Opportunities in the Transition to 100% Renewable Energy

Post Carbon Institute Fellows Richard Heinberg and David Fridley gave a joint presentation to the Security & Sustainability Forum—to share the key findings and takeaways that emerged from the analysis they conducted to co-author Our Renewable Future.

Oil Discoveries at 70-Year Low Signal Supply Shortfall Ahead

Explorers in 2015 discovered only about a tenth as much oil as they have annually on average since 1960. This year, they’ll probably find even less, spurring new fears about their ability to meet future demand. New finds at lowest since 1947 and headed even lower: WoodMac Explorers replacing just 6% of resources they drill: Rystad Explorers in […]

World’s Largest Fusion Reactor will Harness the Power of the Sun

Human development and functionality are largely dependent on the constant availability of electricity. Nearly every piece of technology new and old is heavily reliant on a constant supply of energy. As such, humans have a massive taxing demand for more power, power that is often accumulated through less than desirable means. Be it burning fossil […]

Japan’s ‘Hail Mary’ at Fukushima Daiichi: An Underground Ice Wall

FUKUSHIMA DAIICHI NUCLEAR POWER STATION — The part above ground doesn’t look like much, a few silver pipes running in a straight line, dwarfed by the far more massive, scarred reactor buildings nearby. More impressive is what is taking shape unseen beneath: an underground wall of frozen dirt 100 feet deep and nearly a mile […]

The Day The Lights Go Out And The Trucks Stop Running

What would happen if some sort of major national emergency caused a massive transportation disruption that stopped trucks from running? The next time you talk to a trucker, please thank them for their service, because without their hard work none of our lives would be possible.  In America today, very few of us live a […]

What Hubbert And Pickens Got Right About Oil, And What’s Next

When a barrel of crude oil hit $145 in July of 2008, no one predicted that 8 years later it would be trading at less than $50. T. Boone Pickens, among other oil pros, has predicted that oil can now go to $175 under certain conditions first described by Marion Hubbert. Bruce Pile explains what […]

Fracking Really Isn’t So Bad

When Governor Andrew Cuomo announced last year that hydraulic fracturing would be banned in the State of New York, he cited the lack of scientific data on public health effects. He also said more study needed to be done to determine where emissions were coming from in the fracking and extraction cycle. That study has […]

New Solar Cell is More Efficient, Costs Less

The cost of solar power is beginning to reach price parity with cheaper fossil fuel-based electricity in many parts of the world, yet the clean energy source still accounts for just slightly more than 1 percent of the world’s electricity mix. Exposed in step-like formation, layers of new photovoltaic cell harvest more of sun’s energy. […]

World population may rise to nearly 10 billion by 2050

New York, Aug 28: The world population will reach 9.9 billion in 2050, increasing by 33 per cent from an estimated 7.4 billion now, the latest report from the Population Reference Bureau (PRB) has predicted. If the assumptions underlying 2050 projections by the PRB’s World Population Data Sheet are applied to subsequent years, the world […]

“150 Strong” with Dmitry Orlov

Dmitry Orlov, the author of Reinventing Collapse and many other books, has become a publisher lately and, in his capacity as publisher and publicist, Dmitry and I will be chatting about the new book he just brought out, 150 Strong; A Pathway to a Different Future by Rob O’Grady. 150 Strong is a valuable handbook […]

Big Oil’s Yuge Problem

Big Oil just doesn’t seem to be as enamored with the ‘big’ thing as it once was. Another major project, Alaska LNG, has bitten the dust: The Wall Street Journal reported over the weekend that Exxon Mobil wants to sell its stake to the state government. Granted, liquefied natural gas is maxed out on supply […]

Oil reserves and resources as function of oil price

BP Statistical Review: proved reserves not so proven We start with what most people will do, the BP Statistical Review (latest version June 2016). The review’s Excel file contains a work sheet named “Oil – proved reserves history”. Let’s put that into a graph. Oil: Proved reserves Fig 1: So-called proved reserve history in BP’s […]

We Grow Enough Food. Getting It On To People’s Plates Is The Problem.

World leaders have agreed to the ambitious goal of eradicating hunger by 2030. The scale of the problem is daunting. Every day 800 million people go to bed with empty stomachs and more than 8,000 children die needlessly from conditions linked to under-nutrition. And by the time we reach 2030, the global population is likely […]

Speculation Has Been Driving Oil Prices

2016 has been a roller coaster year for the oil traders. Markets had a near 100 percent rise from February lows, followed by a drop of more than 20 percent, which took the oil markets into a bear phase. However, the bear phase lasted only for a few days, as the markets again gained 20 […]

Kunstler: Trending

Would fate permit it, the election of Hillary Clinton will be the supreme and perhaps terminal act in an Anything-Goes-And-Nothing-Matters society. Yet, even with the fabulous luck of running against a consummate political oaf, she struggles to get the upper hand, and she may land in the White House with the lowest voter turnout in […]

The Broken Chessboard: Brzezinski Gives Up On Empire

The main architect of Washington’s plan to rule the world has abandoned the scheme and called for the forging of ties with Russia and China. While Zbigniew Brzezinski’s article in The American Interest titled “Towards a Global Realignment” has largely been ignored by the media, it shows that powerful members of the policymaking establishment no […]

Fukushima: Time Bomb Or Training Device?

Al Jazeera is a media empire that is owned by the government of Qatar, one of the world’s largest LNG exporters. It recently hired a journalist from Australia, another of the world’s largest LNG exporters to produce a documentary about nuclear energy. The story focuses on the aftermath of the March 11, 2011 accident at […]

China’s Oil Production Peaks, Increased Foreign Oil Dependency On The Horizon

From searching the globe in search of oil deals with intense geopolitical ramifications like Sudan, Niger, Iraq and Venezuela, to cutting a controversial multi-billion dollar oil deal in Canada’s oil sands play, China has become all things to all people in the global oil industry in an effort to satisfy its massive and growing oil […]

Peak Oil, Peak Coal, Peak Deforestation, Peak Emissions…. and Why They’re Not Nearly Enough

Recent data related to our global emissions of heat-trapping gases suggest that humanity may have reached a turning point, or even several. We may be moving from increasing emissions, to peaking and starting to decline. We could be close to such peaks, or even have passed it, for several of the main sources of greenhouse […]

A Kingdom In Turmoil: Saudi Societal Discontent Grows

Dr. Alyami is a native of Saudi Arabia and a citizen of the US for the past four decades. From an early age he has been advocating for political, economic and social reform in his native homeland. He is the founder and Executive Director of the Center for Democracy & Human Rights in Saudi Arabia, […]

Third Study on Adverse Health Effects of Fracking for Natural Gas

A new study out today from Johns Hopkins in Environmental Health Perspectives revealed associations between fracking and various health symptoms including nasal and sinus problems, migraines and fatigue in Pennsylvanians living near areas of natural gas development. The study suggests that residents with the highest exposure to active fracking wells are nearly twice as likely […]

OPEC oil revenue down nearly 50 percent

Net revenue for members of the Organization of Petroleum Exporting Countries from oil dropped nearly 50 percent year-on-year, U.S. analysis found. Crude oil prices began their descent from $100 per barrel in 2014 as the increase in U.S. crude oil production helped push markets heavily toward the supply side. Output for members of OPEC remains […]

Revisiting the Peak Car Debate

I’ve never liked the term “peak car.” First, it was always unclear exactly what was supposed to be peaking – total vehicle travel, per-capita travel, car ownership, or all of the above? Second, like peak oil before it, “peak car” applies a catchy name to a collection of concepts that are important to understand – […]

Iraq plans to sell oil through Iran

Iraq’s government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters. Iraq’s State Oil Marketing Organisation (SOMO) plans to hold talks with the Kurdish Regional Government (KRG), possibly next week, about Iraqi oil exported through Turkey, […]

We’re nearing peak energy

The world has hit peak energy, in one sense. Based on per capita consumption — on an individual basis — there isn’t much more growth in the amount we can consume, according to Bernstein’s Neil Beveridge and team in a note on Friday. That’s not to say the fossil fuels that have powered the global […]

China’s Oil Majors Are Burning Through Oil Reserves

China’s state-owned oil companies have been beaten down by low oil prices and stagnant demand at home. PetroChina and Cnooc reported dismal earnings this week, and offered little reason for hope moving forward. PetroChina said its profit fell by 98 percent in the first half of 2016 compared to the same period a year earlier. […]

Saudi Aramco Says Operating as Normal After Yemeni Attack

Yemen’s Saba said missile caused extensive damage at Aramco Saudi says projectile caused fire at a power relay facility Saudi Arabia’s state-run oil company said all of its oil, gas and refining plants are operating as normal, after Yemeni rebels said they hit facilities with a missile. All installations in the kingdom are safe, Saudi […]

Your Damn Children are Killing the Planet

There, he said it. Children, especially American born children in particular, are a burden to the world’s climate. On a recent episode of the popular NPR show “All Things Considered,” Jennifer Ludden reported that Travis Rieder, a faculty member at Johns Hopkins University’s Berman Institute of Bioethics, “has proposed a controversial remedy for the effects […]

Not Doomed Yet: Two New Worlds

A dense, important week in planetary science. Two projects that have worked to minor attention for years arrived at important conclusions: First: the Anthropocene, a span of geological time marked by humanity’s manipulation of the Earth system, began in the 1950s, a working group appointed by the International Commission on Stratigraphy (ICS) has ruled. The […]

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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’
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• 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