(Natural News) Government authorities in Japan have announced new plans to start dumping highly radioactive wastewater from the failed Fukushima Daiichi nuclear power facility directly into the Pacific Ocean. Though the amount of radiation in the water far exceeds legally-permitted levels, according to the plant’s operator and documents reviewed by the U.K.’s Telegraph, there’s apparently […]
The clock is ticking for humanity, and it is not just because our financial system is heading for the biggest implosion that any of us have ever seen. The truth is that we are literally running out of everything. We will not have enough oil to meet our energy needs long before we get to […]
The youngest brother of Saudi Arabia’s King Salman has returned from self-imposed exile to “challenge” Crown Prince Mohammed bin Salman (MbS) “or find someone who can,” reports the Middle East Eye. Prince Ahmad bin Abdulaziz Prince Ahmad bin Abdulaziz is reportedly hoping to oust his 33-year-old nephew in the wake of an allegedly state-sanctioned murder of […]
Energy makes the economy go round Dr Mike Joy tackles some disturbing truths about our reliance on oil, suggesting how we might transition to a ‘de-carbonised world’ Newsroom,co.nz, 30 Octoer, 2018 How many barrels of oil does it take to power the economy? Far from the punchline of a joke, the answer outlined by […]
Hi. I’m sorry to my regular readers for not writing any articles in the last couple of days; I’ve just been staring transfixed at the fallout from the election of Jair Bolsonaro in Brazil, and the words which normally come bubbling up on their own just haven’t been there for me. Bolsonaro is a fascist. […]
While a fresh wave of US sanctions with the purpose of driving Iranian oil exports down to zero is looming, the White House is still far from that target, as Tehran was still selling up to 1.9 million barrels per day of crude in September, a leading business website reported. In a report on Tuesday, […]
Canada’s economy grew for a seventh consecutive month in August, led by crude oil and financial services, keeping the momentum going for higher interest rates. Gross domestic product climbed 0.1 percent on the month, Statistics Canada said Wednesday from Ottawa. That beat the median estimate in a Bloomberg survey for an unchanged reading. Alberta’s oil […]
Bloomberg: “Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners and losers in the world economy.” The media is full of stories predicting that the oil price will go over $100 a barrel within a year or two while others predict “lower, […]
University of Adelaide economists have modelled the transition from a world powered by fossil fuels to one in which sustainable sources supply all our energy needs. Dr Raul Barreto, Senior Lecturer from the University’s School of Economics, has examined the short and long-term consequences of the relative productivity differential between fossil fuel and renewable energy. […]
Not long before he died, tech visionary Paul Allen traveled to the south of France for a personal tour of a 35-country quest to replicate the workings of the Sun. The goal is to one day produce clean, almost limitless energy by fusing atoms together rather than splitting them apart. The Microsoft Corp. co-founder said he […]
Equinor revealed Monday that a new oil discovery has been made though the Barents Sea Skruis exploration well, which is located in the Johan Castberg license. The well confirmed a volume of between 12 and 25 million recoverable barrels of oil, according to Equinor. Skruis is the first operated exploration well drilled by the company […]
“The sense of security more frequently springs from habit than from conviction, and for this reason it often subsists after such a change in the conditions as might have been expected to suggest alarm. The lapse of time during which a given event has not happened, is, in this logic of habit, constantly alleged as […]
“Had we heeded Malthus’s warning and kept the human population to less than one billion, we would not now be facing a torrid future.“ There are seven popular food crops in this picture When I teach permaculture, and now having done more than 50 full design courses, I try to de-emphasize gardening. I do that […]
The lifting of billions of humans out of poverty is one of the great achievements of our age and should be celebrated. However, this shift at times increases the chances of civil strife and other serious problems. My Brookings and Georgetown colleague (a two-fer!), Raj Desai, assesses the rise of a global middle class and […]
Over the last 20 years, we have been led to believe that drinking bottled water is saving us from disease. This belief needs to be shattered now. Plastic bottles are amongst the many sources of microplastic particles entering our bodies. A new study has confirmed microplastics in human excretion. The reports raise alarms over how […]
While the U.S. Shale Industry produces a record amount of oil, it continues to be plagued by massive oil decline rates and debt. Moreover, even as the companies brag about lowering the break-even cost to produce shale oil, the industry still spends more than it makes. When we add up all the negative factors weighing down […]
The oil market has been in an interesting period since at least 2014. In the years prior, many had been worried about the concept of peak oil, or the idea that the world was past its peak output of oil and that supply would grow ever tighter. Then the shale boom happened and the world […]
Lisbon: the monument to the European sailors who explored the world, starting with the 15th century. What made Europeans so successful in this in this task? My interpretation is that it was the result of periodic “Seneca Collapses” of the European population which made it possible to accumulate resources that would then be available […]
Foreign Minister Jubeir slams global outcry over journalist’s killing as ‘hysterical’, saying investigations take time. Saudi Arabia has admitted Jamal Khashoggi was killed inside its consulate in the Turkish city of Istanbul. Khashoggi – a Saudi writer, US resident, and Washington Post columnist – entered the building on October 2 to obtain documentation certifying he had divorced his ex-wife […]
Before resigning this year amid allegations of sexual abuse, former New York Attorney General Eric Schneiderman spent nearly three years trying to harpoon his great white political whale— Exxon Mobil . His hunt failed to uncover malfeasance, but the AG’s office is suing Exxon anyway in a case that should be laughed out of court. […]
In countries under heavy US influence or occupation, the US government has a habit of pushing political programs that would be too unpopular to implement in the United States. In Japan, for example, the US occupation after World War II offered an opportunity for American bureaucrats to push abortion policies they couldn’t win support for […]
We still haven’t reached peak oil. But peak milk happened in 2004, peak soybeans in 2009, and peak chicken in 2006. Rice peaked in 1988. A new study published in Ecology and Society explains that 21 key resources that humans rely on–mostly food–have already passed their peak rate of production. “Peak,” in this case, doesn’t […]
How did government respond to the recent scientific conclusion that only “rapid, far-reaching and unprecedented changes in all aspects of society” can deliver the globally agreed target for stopping climate breakdown? In the UK, fracking for fossil fuels was given the green light, plans were announced for a huge new road in the south-east, incentives for electric vehicles withered, the expansion […]
The oil market could be in for a surprise when U.S. sanctions on Iranian crude exports are implemented in 10 days, according to Hedgeye Risk Management LLC. Traders who expect the U.S. to hand out waivers allowing certain nations to continue buying oil from the Islamic Republic, “are making a huge miscalculation,” Joe McMonigle, head […]
Following the dawn of the oil industry in the 1800s, demand for oil steadily grew. Initially driven by demand for kerosene as an illuminant, the world’s thirst for oil accelerated with the mass adoption of the internal combustion engine. But the demise of the oil industry has been predicted throughout its history. A 1909 newspaper […]
Big Oil’s big payday has finally arrived. The question now is how to spend the extra cash. Investors will be reading the third-quarter tea leaves to discern whether executives plan to boost dividends and buybacks, hike spending on shiny new mega projects, or perhaps even do both. What they do know is that fresh sources […]
A new whisper campaign against him is trying to blur the truth: that he criticized certain U.S-Arab alliances, and paid the price… In the early summer of 2005, during the height of the U.S. war in Iraq, I arranged to have lunch with Jerry Jones, a special assistant to then-Secretary of Defense Donald Rumsfeld. I […]
By 2035 the global energy transition will reach a point of no return, according to a recent report from Wood Mackenzie. By that year, says WoodMac, renewables will likely meet 20 percent of global power demand, up from today’s 7 percent. The combination of wind, solar and electric vehicles will displace about 100 billion cubic […]
Saudi Arabia gave the strongest indication yet that it’s trying to stop oil prices from rising further, saying that OPEC and allies are in a “produce as much as you can mode” to assure customers that they can meet demand and remove any uncertainties about looming shortages. The kingdom has already boosted oil production to […]
Insects around the world are in a crisis, according to a small but growing number of long-term studies showing dramatic declines in invertebrate populations. A new report suggests that the problem is more widespread than scientists realized. Huge numbers of bugs have been lost in a pristine national forest in Puerto Rico, the study found, […]
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