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News from September 2020

“One Planet, One Child” Billboards

“One Planet, One Child” Billboards thumbnail

A bold billboard campaign has launched in Vancouver to increase awareness and knowledge about overpopulation. The “One Planet, One Child” ad campaign is an effort to hasten progress toward a small family norm, leading to a sustainable world population. Billboards and transit stop ads in high-traffic areas feature a variety of sustainable population messages. Some […]


Energy Transition Picks Up Steam

Energy Transition Picks Up Steam thumbnail

Precisely when the world passes peak oil demand is still very much a contested debate, but the one thing that is clear is that many of the macro trends are negative for the oil industry. Most recently, Chinese President Xi Jinping announced plans to achieve net-zero carbon emissions by 2060. While light on specifics, the […]


China’s net-zero goal to send coal, oil demand diving

China’s net-zero goal to send coal, oil demand diving thumbnail

China’s “monumental” announcement it is targeting carbon neutrality by 2060 has cemented a permanent downward track for coal demand in the country and points to a peak in its use of oil as early as 2025, according to Bernstein Research. The predictions are part of a radical transformation expected from the world’s largest consumer of […]


Total sees peak oil demand around 2030 in more conservative view than BP

Total sees peak oil demand around 2030 in more conservative view than BP thumbnail

Total (TOT -0.9%) forecasts oil demand growth ending near 2030, as it joins the ranks of oil companies anticipating rapid change for the industry and a peak for the industry in the coming decade. It’s a more conservative outlook than rival BP, which recently projected oil demand could never regain its pre-coronavirus levels. Energy demand […]


Kunstler: Seeing Through Pea Soup

Kunstler: Seeing Through Pea Soup thumbnail

Just as Regan, the possessed tweenager in the horror movie classic, The Exorcist, vomited streams of green sludge at Father Merrin in the final hours of her extremis, so, in the final weeks of election 2020, the possessed US news media will be boofing “bombshells” against its loathed and detested adversary, the president who attempted […]


MIT Researchers Say Their Fusion Reactor Is “Very Likely to Work”

MIT Researchers Say Their Fusion Reactor Is “Very Likely to Work” thumbnail

A team of researchers at MIT and other institutions say their “SPARC” compact fusion reactor should actually work — at least in theory, as they argue in a series of recently released research papers. In a total of seven papers penned by 47 researchers from 12 institutions, the team argues that no unexpected impediments or […]


The ‘big three’ now rule the global energy market, says Daniel Yergin

The ‘big three’ now rule the global energy market, says Daniel Yergin thumbnail

Russian President Vladimir Putin and Chinese President Xi Jinping “are cooking something up—and I think it goes beyond blinis,” says the Pulitzer Prize-winning energy expert Daniel Yergin, referring to the time when the two leaders took a break from an economic forum in Vladivostok to make the Russian pancakes. The balance of power in the […]


Gavin Newsom’s Energy Hubris Relates Directly To “Peak Oil”

Gavin Newsom’s Energy Hubris Relates Directly To “Peak Oil” thumbnail

On the hood of an electric car, California Gov. Gavin Newsom signs an executive order requiring all … [+] new passenger vehicles sold in the state to be zero-emission by 2035 after a press conference on Wednesday, Sept. 23, 2020, at Cal Expo in Sacramento. (Daniel Kim/The Sacramento Bee via AP, Pool)   Three big […]


What If Preventing Collapse Isn’t Profitable?

What If Preventing Collapse Isn’t Profitable? thumbnail

The real downside of the green-profit narrative has been that it created the assumption in many people’s minds that the solution to climate change and other environmental dilemmas is technical, and that policy makers and industrialists will implement it for us, so that the way we live doesn’t need to change in any fundamental way. […]


The “New” Peak Oil

The “New” Peak Oil thumbnail

  I still remember sitting in my chemical engineering heat transfer class in the mid 1980s. Our professor was an older gentleman who wanted to impart some “big picture” wisdom on his class of graduating seniors. He explained M. King Hubbert’s paper on peak oil from almost 30 years earlier. With an almost religious zeal, […]


Forget peak oil: America’s booming oil industry has allowed the US to achieve a type of energy independence

Forget peak oil: America’s booming oil industry has allowed the US to achieve a type of energy independence thumbnail

As recently as 2008, Americans were paying high costs for gas and there was handwringing over the need for US “energy independence.” But quietly America has achieved a form of energy independence, with net energy exports eclipsing net imports. The shift was driven primarily by the rise of shale oil extraction, with renewables also playing […]


So, We’re Back To “Peak Oil” Again

So, We’re Back To “Peak Oil” Again thumbnail

During a panel discussion in which I participated recently with three energy experts, the moderator asked us if we agreed with the recent projection by British oil giant BP that oil demand may have already peaked during 2019. Everyone on the panel answered with a firm “no.” From my own perspective, I gave that answer […]


Shell to cut up to 40% from oil and gas production to prepare for energy transition

Shell to cut up to 40% from oil and gas production to prepare for energy transition thumbnail

Royal Dutch Shell is looking to slash up to 40 per cent off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review, known internally as Project Reshape and […]


1% of the world’s population is responsible for the most carbon emissions

1% of the world’s population is responsible for the most carbon emissions thumbnail

The richest 1% of the world’s population was responsible for emissions of more than twice as much carbon dioxide as the poorer half of the world from 1990 to 2015, according to new research published by the Guardian. Carbon dioxide emissions have increased by 60% over a period of 25 years, but the increase in […]


Jet Fuel Finds Once Unthinkable Home

Jet Fuel Finds Once Unthinkable Home thumbnail

The fuel that powers passenger planes is normally among the most expensive oil products, but in a sign of the times the coronavirus has turned it into a blending component for typically cheaper shipping fuel. Straight-run kerosene, usually processed into jet fuel, is now being used to make very low-sulfur fuel oil for the maritime […]


Big oil era predicted to decline in 30 years

Big oil era predicted to decline in 30 years thumbnail

BP has developed three main scenarios for the global transition to renewable energy sources until 2050, following the negative OPEC forecast for oil. The most severe — Net Zero — threatens to reduce oil demand by 80-85% in the next 30 years and complete rejection of oil by 2050. The moderately realistic scenario — Rapid […]


Why Are Oil and Gas Companies Investing in Nuclear Fusion?

Why Are Oil and Gas Companies Investing in Nuclear Fusion? thumbnail

The oil industry’s search for carbon-free alternatives to fossil fuels has led to many interesting investment decisions over the years. Somewhere high on that list is nuclear fusion, the energy that powers the sun, which has drawn investment from at least three major oil companies. Chevron became the most recent player to show an interest […]


What went right this week: Lego’s plastic pledge, peak oil and more positive news

What went right this week: Lego’s plastic pledge, peak oil and more positive news thumbnail

Children inspired Lego to axe plastic packaging, BP predicted we had reached peak oil and green hydrogen was given a boost, plus other positive news Lego pledged to ditch plastic packaging A slew of letters from children concerned about plastic pollution has prompted Lego to pledge to switch to cardboard packaging for its products from […]


Is This The End Of The Oil Era?

Is This The End Of The Oil Era? thumbnail

Oil major BP says we may already have seen “peak oil demand”. What would that mean for your portfolio? John Stepek investigates. The world may already have reached “peak oil demand” – the point at which annual consumption hits a plateau and is never any higher again. That’s not a hyperbolic press release from Extinction Rebellion […]


Four Reasons Civilization Won’t Decline: It Will Collapse

Four Reasons Civilization Won’t Decline: It Will Collapse thumbnail

From Jenna Orkin mikeruppert.blogspot.com Four Reasons Civilization Won’t Decline: It Will Collapse 2 aides for Ilhan Omar challenger shot, 1 killed; no apparent relationship to the campaign… Thousands of Migrating Birds Drop Dead Across Southwestern U.S. Now they want to burn JK Rowling’s books Human Flesh Looks Like Beef, But the Taste Is More Elusive  […]


How much oil left in America? Not much

How much oil left in America? Not much thumbnail

Preface. If you think we have no worries because we can get arctic oil, think again. We can’t because icebergs mow drilling platforms down in the ocean. On land, massive amounts of expensive new drilling rigs, roads, rail lines, platforms, buildings and other infrastructure need to be built, and maintained every year as permafrost soil […]


The Holy Grail Of Endless Energy: Harvesting Blackholes

The Holy Grail Of Endless Energy: Harvesting Blackholes thumbnail

A year ago, House representative Alexandria Ocasio-Cortez of New York and Senator Edward J. Markey of Massachusetts, both Democrats, proposed the Green New Deal, a nonbinding congressional resolution that lays out a grand plan for tackling climate change by meeting 100% of the power demand in the United States through clean, renewable, and zero-emission energy sources. […]


The world may never consume more oil than in 2019

The world may never consume more oil than in 2019 thumbnail

Demand for oil may have peaked last year, according to BP, which says the global market for crude might never recover from the coronavirus pandemic. In a new report published on Monday, the company lays out three scenarios for energy demand, all of which forecast a decline in demand for oil over the next 30 […]


China Oil Appetite Probably Bigger Than It Looks

China Oil Appetite Probably Bigger Than It Looks thumbnail

A surge in Chinese buying of blending fuels this year means oil demand in the world’s biggest importer is likely bigger than the official figures indicate, according to the trading arm of refining giant Sinopec. Chinese fuel consumption was already back at year-earlier levels in May, Fairy Wang Pei, head of the research and strategy […]


From Ego To Empire, All Our Problems Stem From The Impulse To Control

From Ego To Empire, All Our Problems Stem From The Impulse To Control thumbnail

The human organism arrives in this world squishy, defenseless and easily startled, which it turns out is really starting things off on the wrong foot. Because of the size of our newly-evolved brains relative to the birth canal, humans have to give birth to what are essentially fetuses, far more helpless for a much longer […]


A long road back for oil and gas

A long road back for oil and gas thumbnail

Houston’s oil and gas industry is facing a long recovery from the coronavirus pandemic if my family’s travel spending — or lack thereof — is any indication. Since the pandemic began to close the U.S. economy in March, my family has spent just $386 to gas up our two cars, about a quarter of the […]


IEA Revises Oil Demand Forecasts

IEA Revises Oil Demand Forecasts thumbnail

Oil demand in 2020 will decline by 8.4 million barrels per day (MMbpd), according to the International Energy Agency’s (IEA) latest oil market report. The figure marks a slight increase from the 8.1MMbpd drop forecasted in the IEA’s previous report, which was released in August. In its September report, the organization noted that a resurgence […]


The Raw Materials Challenge of the Green Energy Transition

The Raw Materials Challenge of the Green Energy Transition thumbnail

My friend Simon Michaux has been burning the midnight candle, doing some amazing research. THIS could be the most important video on why complex civilization will NOT see a green energy transition you’re ever likely to see. share widely…..  


Crude May Never Recover As We Approach Peak Oil Demand

Crude May Never Recover As We Approach Peak Oil Demand thumbnail

If you’re thinking of investing in oil, think again. In contrast to “peak oil” fears a little over a decade ago,we may have seen “peak demand” of around 100 million barrels a day in 2019, according to a recent BP study. Oil, once inelastic, may never recover. The reason: electric vehicles becoming the new automotive […]


Matthew Yglesias Thinks There Should Be ‘One Billion Americans’

Matthew Yglesias Thinks There Should Be ‘One Billion Americans’ thumbnail

There will never be one billion Americans. Matthew Yglesias, the author of “One Billion Americans: The Case for Thinking Bigger,” thinks it would be great if America were that populous. He also admits that there’s no real political constituency for such a policy. Conservatives think the country is already full, he notes, while liberals tend […]


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