90% Of The World Population Will Be Food Stressed By 2100

Abstract Climate change can alter conditions that sustain food production and availability, with cascading consequences for food security and global economies. Here, we evaluate the vulnerability of societies to the simultaneous impacts of climate change on agriculture and marine fisheries at a global scale. Under a “business-as-usual” emission scenario, ~90% of the world’s population—most of […]

Technological Change, Depletion, and the U.S. Petroleum Industry

A common claim in the nonrenewable resource literature is that improvements in technology may largely offset the effects of increasing scarcity over time. This study provides perhaps the first empirical evidence on this issue by analyzing the determinants of the average finding cost for additional petroleum reserves in the U.S. over the 1967-90 period. Using […]

Momentous Change in US Crude Oil Market, with Global Impact

US exports of crude oil and petroleum products – this includes gasoline, diesel, jet fuel, naphtha, and many others – exceeded imports in September by 89,000 barrels a day, the EIA reported today, and so the US became a “net exporter” of crude oil and petroleum products for the first time on a monthly basis […]

Eastern Europe Is Turning Into An Energy Battleground

Bulgaria has agreed to allow NATO to use its Black Sea port for naval coordination efforts as tensions rise between the Western military alliance and Russia. The agreement was reached following a meeting between U.S. President Donald Trump and Bulgarian Prime Minister Boyko Borisov at the White House on November 25. NATO has bolstered its […]

What Can We Learn From Peak Whale Oil?

The energy industry is based on what was once thought of as an inexhaustible natural resource, but over-exploitation and a growing reliance on oil has made extraction more and more costly and difficult as previously abundant areas have run dry. What’s more, in the areas where this natural resource has been depleted, what’s left behind […]

US Gulf Set for Record 2020 With Oil Production

The U.S. Gulf of Mexico is positioned for another year of record oil production in 2020, according to Rystad Energy. The U.S. Gulf of Mexico is positioned for another year of record oil production in 2020, according to Norway-based energy research firm Rystad Energy. Deepwater projects will anchor the supply growth. The Gulf of Mexico’s […]

Brexit and Peak Oil

Authored by Haley Zaremba via OilPrice.com, The uncertainty of the future of Brexit has left the United Kingdom’s economy in stagnation as business investment falters on the eve of the nation’s December general election. While Boris Johnson tries to rally voters to instill their confidence in him to usher in a new era of economic prosperity […]

Rethinking Malthus

Of history’s great thinkers, the one most relevant to farmers and ranchers is probably the English demographer Thomas Robert Malthus. He’s famous for doubting that farmers could increase food production fast enough to feed a rapidly rising population. He thought the resulting food shortages would beget famines, diseases and wars, which would eventually reduce population […]

300 Million Barrels of Oil or Bust

Iran learned a very important lesson last week. It’s a lesson that Venezuela has painfully come to realize over the last 10 years. The oil you have underground is useless unless you can extract it. Until you get that resource out of the ground and into the pipeline, you might as well forget about it. […]

The Peak Oil Plateau Is Close

Summary Oil demand growth is flattening rapidly. Peak oil demand is likely to happen in the next five to 10 years. Borrowing has become very difficult, production is limited to cash flow. Oil prices are likely to rise in the intermediate term. Higher oil prices will spur the adoption of EVs and alternative energy. This […]

Furious China Shadows Two US Warships Sailing Through Disputed Waters, Warns Them To Leave

China is again furious after the US sailed several warships through the heavily disputed waters in the South China Sea, military sources told Reuters.  The move by the US has escalated tensions between both countries, already tense as the latest round of trade talks have fallen apart, and the signing of the phase one trade deal […]

Billionaires Circle Distressed Assets in U.S. Oil and Gas Patch

Billionaires are circling the distressed U.S. oil and gas patch, looking to pick up assets on the cheap at a time when the state of the industry is scaring off other investors. Sam Zell has teamed up with Tom Barrack Jr. to buy oil assets in California, Colorado and Texas at fire-sale prices from companies […]

Goldman: Go Long On Fracking

Judging by the share price of shale oil and gas producers, you would think the industry is one from which to keep well away. Goldman Sachs, however, is recommending clients go long on the premise that the fracking industry, while depressed now, is simply going through a down cycle. In other words, today’s pain is […]

Why the world is running out of sand

It may be little more than grains of weathered rock, and can be found in deserts and on beaches around the world, but sand is also the world’s second most consumed natural resource. A South African entrepreneur shot dead in September. Two Indian villagers killed in a gun battle in August. A Mexican environmental activist […]

Israel Carries Out ‘Wide-scale’ Strikes on Iranian Targets

Jerusalem — The Israeli military said it struck dozens of Iranian targets in Syria on Wednesday, carrying out a “wide-scale” strike in response to rocket fire on the Israeli-controlled Golan Heights the day before. A Britain-based war monitoring group said the Israeli airstrikes killed 11 people, including seven non-Syrians who were most likely Iranians. Syrian state […]

Why Banning Fossil Fuel Investment Is A Huge Mistake

Activist global warming strategies have now caused the European Investment Bank to ban its fossil fuel project funding. After more than a year of internal and external lobbying by several EU member states and an ever-growing list of activist NGO and pressure groups, the EIB has decided to cut its financial support for all new […]

Why Even Saudi Aramco Is Now Talking About ‘Peak Oil’

The world is turning its back on oil. But how quickly? Technological advances in renewable energy and electric cars, accelerated by the threat of climate change, could mean the world’s thirst for petroleum tops out sooner than companies such as Exxon Mobil Corp. or Saudi Arabia’s Aramco are banking on. “Peak oil” once signified the […]

The End of Babies

In the fall of 2015, a rash of posters appeared around Copenhagen. One, in pink letters laid over an image of chicken eggs, asked, “Have you counted your eggs today?” A second — a blue-tinted close-up of human sperm — inquired, “Do they swim too slow?” The posters, part of a campaign funded by the […]

The Future of Food Security

Professor Susanna Hecht (Professor of International History and Associate Faculty at the CIES) and Professor Tim Swanson (Professor of International Economics and Academic Co-Director at the CIES) started the discussion by highlighting how the current food system affects ecosystems and biodiversity. Addressing the challenge of food security will necessarily imply changing how we produce and […]

The Ramifications of Global Oil Demand Hitting a Plateau

Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts. The prospect of “peak demand” has spread in the oil industry in recent years as countries seek to avert catastrophic climate change by […]

Keystone Pipeline leaks 383,000 gallons of oil into wetlands in second big spill over two years

A leak in the Keystone Pipeline has released an estimated 383,000 gallons of oil – about the size of an Olympic swimming pool – into the North Dakota wetlands. The leak is the second leak in two years in the 2,600 mile long pipeline, which carries oil from Alberta, Canada, all the way down to […]

How Scientists Got Climate Change So Wrong

Few thought it would arrive so quickly. Now we’re facing consequences once viewed as fringe scenarios. For decades, most scientists saw climate change as a distant prospect. We now know that thinking was wrong. This summer, for instance, a heat wave in Europe penetrated the Arctic, pushing temperatures into the 80s across much of the […]

The Aramco IPO’s internal dynamics

Domestic only—the key aspect of Aramco IPO The state energy giant’s decision to proceed with a share sale is no surprise, but the lack of an international listing is a crucial point “A significant milestone in the history of the company and important progress towards delivering Saudi Vision 2030”. Thus Yasir al-Rumayyan, chairman of state-owned […]

Enter the Old White Knight

They say he has beheld the weenies of the field and found them wanting — no, dangerously feeble, limp, insipid, deluded unto a kind of hebephrenia — and now, just maybe, Michael “Mike” Bloomberg will don the old steel breastplate and Kevlar jockstrap, take up the lance, and sally forth in a Lincoln Navigator to […]

How big a problem is idling?

Idling your car — at home, in a drive-thru line, at a red light — is environmentally harmful, and also largely unnecessary. How bad is idling? When a gasoline-powered vehicle is idling, it is in its least efficient mode. It’s doing nothing but sitting there, burning fuel and sending emissions into the atmosphere. Natural Resources […]

Exposing The Plan For A Global Dystopia

Global policy planners intend to deliver replacements for both dollar hegemony and fossil fuels. Plans may appear uncoordinated and in their early stages, but these issues are becoming increasingly linked. A monetary reset incorporating state-sponsored cryptocurrencies will enable exchange controls to be introduced between nations by separating cross-border trade payments from domestic money circulation. The […]

Mapped: The World’s Biggest Oil Discoveries Since 1868

Mapped: The World’s Biggest Oil Discoveries Since 1868 Oil and gas discoveries excite markets and nations with the prospect of profits, tax revenues, and jobs. However, geological processes did not distribute them equally throughout the Earth’s crust and their mere presence does not guarantee a windfall for whatever nation under which they lie. Entire economies […]

North Slope oil production declined in September and October, cutting into state petroleum earnings

The trend of gradually declining output is expected to continue until several new projects now in development come on line. Fiord West, a satellite within the Alpine field, is expected to begin production in late 2020 with peak output estimated at 20,000 barrels per day, ConocoPhillips’ Lowman said. However, substantial new production is seen in […]

Nuclear fusion is ‘a question of when, not if’

The prospects for developing nuclear fusion as a feasible source of energy have significantly improved, say experts. The UK government has recently announced an investment of £200m to deliver electricity from a fusion reactor by 2040. Private companies and governments have told the BBC they aim to have demonstration models working within five years. But […]

VIDEO SHOWS SEA ‘VIOLENTLY BOILING’ WITH METHANE BUBBLES IN SIBERIA AS ARCTIC PERMAFROST THAWS

Scientists have released images of a methane “fountain” found “violently boiling” beneath an Arctic sea in Siberia. Photos taken on-board the Akademik Mstislav Keldysh research vessel in the East Siberian Sea show huge methane bubbles rising to the surface of the water. Usually, scientists sample the water with special plastic cones, but they ditched those […]

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LATEST NEWS HEADLINES

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