Looking Ahead to 2018 for Nuclear Energy

Each year this blog looks ahead to issues it will follow in the coming 12 months. What this look into the future does is to provide some check marks on the page of news about nuclear energy to return to from time-to-time to see what’s going on. Readers also know that this blog presents a […]

Today’s Poor Needs More Oil, Natural Gas, And Coal

Simply put, the world has no greater problem than energy deprivation and poverty. They shorten human lives by decades. I’m going to use this post to put some horrifically sad numbers to you because ending poverty today is our most critical global goal. I’ve written peer-reviewed journal articles on this stuff and have come to realize […]

Beware of the Dip: Oil Prices Could Go Lower

The spike in oil prices since August provides U.S. producers an attractive opportunity to hedge their 2018 capital program. With a typical lag, it will likely result in an acceleration in U.S. oil production growth starting 2Q18. Coupled with a seasonal dip in global demand in 1Q18, which will cause sizable excess oil inventories to […]

OPEC Agrees To Extend Oil Supply Cuts Until End Of 2018

Update : maybe not so fast on the champagne, because according to Reuters, the Bloomberg leaker may have jumped the gun: OPEC YET TO DECIDE ON OUTPUT CUT EXTENSION, TALKS CONTINUING – DELEGATE: RTRS. * * * With OPEC delegates sequestered in a Vienna conference room, as they negotiate the proposed 6-9 month production cut […]

Car sales will peak in 2022 as robotaxis take off

Canalys forecasts 93.7 million cars will be sold worldwide in 2017, up just 1.7% on 2016. Low single-digit percentage sales volume growth will continue for the next five years, peaking at 99 million cars sold in 2022. Annual global sales will then decline as the urban mobility revolution, already affecting the market, gathers pace. “The […]

Peakoil.com Server Down Nov 29

Hi Everyone – Our hosting service was attacked and wiped out ; so peakoil.com website was restored from our last offsite backup taken Sunday Nov 26. Posts made over the last couple of days have been lost, but everything else is restored.    

Russia warns global gas oversupply could trigger price ‘crisis’

Global gas supplies currently exceed demand, a situation that could lead to a “crisis” drop in prices similar to what occurred in the crude oil market, Russian energy minister Alexander Novak said on Friday. “The current excess supply of natural gas brings risks… of entering into the same crisis that affected oil prices,” Novak said […]

New wind farm in service off the British coast

Norwegian energy company Statoil said Wednesday its Dudgeon wind farm off the British coast is now feeding the grid from its 67 wind turbines. The Dudgeon wind farm is about 25 miles off the coast of Norfolk. Its turbines, with a combined capacity of 402 megawatts, can meet the energy demands of around 410,000 average […]

Finnish bakery chain to start selling ‘insect bread’

A bakery in Finland has claimed it will be the first in the world to offer ‘insect bread’ in grocery stores. From tomorrow, almost a dozen Fazer Bakery outlets in the country will offer a product called Fazer Cricket Bread. The product is made with crickets, with the insects dried and ground before being added […]

Will oil touch $100 a barrel again?

This seems unlikely, both in the short and long term, and in the context of new energy sources. But there’s always politics It took the better part of a year but the production cut effected by the 14-member cartel, Organisation of Petroleum Exporting Countries (OPEC), in January is beginning to show results. Prices of the […]

How Greed, Fear, And Our Own Biases Blind Us To The Reality Of Climate Change

The Climate Science Special Report that the Trump administration released last Friday is straightforward and relentlessly sobering. Scientists from 13 government agencies agree that the long-term global warming trend is “unambiguous” and that human activity is responsible. There is, they tell us, “no convincing alternative explanation.” Meanwhile, the president whose administration released the report maintains that climate change is […]

So Much Natural Gas—But Where to Put It?

fotosuper/Thinkstock Press spacebar to see more share options. In the nineties, a bumper sticker with the words “happiness is multiple pipelines” could be seen slapped on cars from Houston to Washington, D.C., to Baku, Azerbaijan. Though that slogan referred to the effort to build other pipelines that bypass Russia to move oil out of the […]

Why Are Rich People So Anxious?

“The psychology of wealth is knotty,” writes Kerry Hannon in the New York Times. “On the surface, being wealthy can make people believe they have more control over their lives, but it can also control them emotionally.” Hannon’s article, headlined “I’m Rich, and That Makes Me Anxious,” will probably elicit eye rolls from those of […]

Ice Apocalypse

Eric Holthaus at Grist has a look at Antarctica’s melting glaciers – Ice Apocalypse. In a remote region of Antarctica known as Pine Island Bay, 2,500 miles from the tip of South America, two glaciers hold human civilization hostage.Stretching across a frozen plain more than 150 miles long, these glaciers, named Pine Island and Thwaites, […]

Was 2017 The Year Of Peak Oil Demand?

From Gregory Brew: It’s possible that 2017 may go down as the year when the concept of peak oil demand went from speculation to potential reality, as companies and energy analysts began estimating when demand growth for oil would begin to taper off. The debate over whether peak demand is coming has been fierce, but it’s possible that the […]

A fusion future

Laban Coblentz, Head of Communication, ITER gives an absorbing insight into all things fusion and the future of fusion energy From its earliest history, the human animal, among all species, has been the most ambitious to dominate its environment: to conquer the earth, the seas, the skies, and – more than half a century ago […]

Source of “extremely high” radiation in Russia a mystery

Russian authorities on Tuesday confirmed reports of a spike in radioactivity in the air over the Ural Mountains. The Russian Meteorological Service said in a statement Tuesday that it recorded the release of Ruthenium-106 in the southern Urals in late September and classified it as “extremely high contamination.” France’s nuclear safety agency earlier this month […]

The Shocking Outlook For US Oil Production

Last week the International Energy Agency (IEA) released its World Energy Outlook 2017. The report identified four large-scale shifts underway in the global energy system: The rapid deployment and falling costs of clean energy technologies The growing electrification of energy The shift to a more services-oriented economy and a cleaner energy mix in China The […]

The global resource shortage you have never heard about

If someone were to ask you to name the most-extracted materials on Earth, you might answer with fossil fuels or biomass. However, by weight, the answer is actually sand and gravel. Picture sand and most people think of seas, river deltas, deserts and endless miles of beaches — a never-ending resource that seemingly will last […]

Saudi Graft Settlements Could Reap Billions

Saudi authorities estimate they may be able to recover between $50 billion and $100 billion from settlement agreements with suspects detained in an anti-corruption crackdown that has implicated prominent princes, officials and billionaires, a senior official said. Suspects are being offered settlements to avoid trial, the official said, requesting anonymity to discuss the ongoing investigation. […]

Oil: The price is not right

The market wants to trade a demand slow-down of the future, while ignoring the fundamentals of the present Until recently, 100m barrels a day of global oil-product demand seemed a distant prospect. In its World Energy Outlook , published in November 2016, the International Energy Agency‘s (IEA) central scenario didn’t think consumers would reach this landmark […]

The Soft Belly of The Oil Industry: the Upcoming Seneca Collapse

  Ugo Bardi explains his idea of an impending “Seneca Collapse” of the world’s oil industry at the session on climate change of the meeting of the Club of Rome in Vienna, on 10 Nov 2017. What follows are not the exact words said, but it maintains the gist of this brief comment that was […]

It’s Never Wise to Bet Against a Saudi Oil Minister

Don’t be fooled by the apparent dithering of OPEC and friends over whether to extend their output restraint when they meet at the end of the month. They know full well that failing to send a clear signal would send oil prices plummeting. The apparent backsliding from Russia and a small number of OPEC members […]

Six Years After Fukushima, Robots Finally Find Reactors’ Melted Uranium Fuel

Four engineers hunched before a bank of monitors, one holding what looked like a game controller. They had spent a month training for what they were about to do: pilot a small robot into the contaminated heart of the ruined Fukushima nuclear plant. Earlier robots had failed, getting caught on debris or suffering circuit malfunctions […]

Tesla Truck Could Threaten Big Chunk of Oil Demand

Tesla Inc.’s unveiling on Thursday of a new electric truck showed Elon Musk can match Steve Jobs’s ability to wow the tech crowd with a glimpse of the future. If he can equal the manufacturing prowess of Apple Inc.’s current Chief Executive Officer Tim Cook, he might just clobber the oil industry too. That’s a […]

Saudi Arabia’s anti-corruption purge is all about life after oil

Saudi Crown Prince Mohammed bin Salman’s decision to arrest scores of the country’s most prominent officials and business elites under the banner of an anti-corruption purge last week was a remarkable power play, an unprecedented move designed to concentrate all authority in the Gulf state in one man’s hands. But the radical shake-up was also […]

When Will Oil Demand Begin To Taper Off?

It’s possible that 2017 may go down as the year when the concept of peak oil demand went from speculation to potential reality, as companies and energy analysts began estimating when demand growth for oil would begin to taper off. The debate over whether peak demand is coming has been fierce, but it’s possible that […]

The Keystone pipeline just spilled another 210000 gallons of oil

Sometime before 6 a.m. local time, operators noticed that pressure had dropped in a pipeline capable of pumping 590,000 barrels of crude oil products every day from Canada down to the Gulf Coast. The oil was likely diluted bitumen, or dilbit, a mixture of tarry oil and thinning agents that let the commodity flow through […]

Environmentalism’s Worsening Anti-Human Infection

As I wrote in The War on Humans, environmentalism has become increasingly anti-human, both in proposed policies — such as those that would reduce economic vitality and thwart human thriving — and in the goal of reducing human population. The latter goal would require particularly tyrannical impositions to actually effectuate. Voluntary family planning offers great […]

Puerto Rico’s ‘Gentle Killer Bees’ Could Prevent the Bee Apocalypse

Through a series of events that seem more like the plot of a Marvel movie than real life, the world’s only colony of gentle killer honey bees, a hybrid of African and European strains, turned the island of Puerto Rico into their home. It all started in 1958, when a group of ragtag African killer […]

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LATEST NEWS HEADLINES

• Is It Time To Abandon the Idea of Phasing Out Oil and Gas?
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• 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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• 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