Covid Boost for Global Car Sales to Spark a Surge in Oil Demand

It’s starting to feel as commonplace as handwashing: To protect against Covid, people across the globe are skipping trains and buses. Instead, they’re part of the great car comeback that’s sending vehicle sales soaring and fueling a demand surge for oil and metals.     Julie Murataj is a reluctant part of the shift. Two […]

Energy Transition Could Doom Africa’s Oil Producers

When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp. (NYSE:HES), and CNOOC (NYSE:CNOOC) have already staked their claims. And it’s not the American shale patch, where production has hit reverse gear with no end in sight. It’s Africa, where even small-cap companies are staking outsized claims of […]

Solar and wind can meet world energy demand 100 times over

Huge falls in the cost of solar and wind power in the last few years have unlocked an energy reserve that can meet world demand 100 times over — and most is already economic compared with fossil fuels, finds a report from the think tank Carbon Tracker published today. Solar and wind are inexhaustible sources […]

Gold & The Coming Oil Shortage

The oil price crash on the back of the COVID-19 lockdowns has accelerated the coming supply crunch. Both national and international oil companies have slashed CAPEX and maintenance spending, which will push up decline rates and US shale drillers finally focus on profitability instead of growth. Current longer-dated oil prices are too low to give […]

The Great Reset: Davos Playbook

The World Economic Forum (WEF), a non-profit based in Geneva, states its mission as being “committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.” Over the years, the annual WEF meeting held at Davos-Klosters, a Swiss mountain resort, has […]

The Biggest Threat To Russia’s Arctic Oil Ambitions

The collapse of the Soviet Union was a geopolitical victory for the United States and a disaster for Russia which suffered politically, economically, and socially. Although citizens enjoyed more individual freedoms, the quality of life decreased substantially as state institutions collapsed and basic services disappeared. In the early 2000s, Moscow started exerting more influence over […]

The Greens Once Took On Germany, But Now They’re Taking It Over

When Gerhard Schroeder formed a German government with the Greens in 1998, he made it clear that his Social Democratic Party was the “cook” and the junior partner the “waiter.” Well, not any more. Polls show the Greens with all the momentum going into September’s election and the odds-on favorites for a return to coalition […]

What The World’s Richest People Are Doing To Fight Climate Change

The world’s wealthiest people have never been richer, and their carbon footprint has expanded as a consequence. Some of the very richest are actively engaged in fighting climate change, while others, not so much. A recent UN report found that  the richest 1% of the world population account for 15% of emissions. “The wealthy bear […]

Deflation in a Sea of Money

Sure, at face value commodity prices have been surging, but everything is relative, n’est pas? Commodities adjusted for money supply tells us deflation is still lurking. Commodity prices have advanced very strongly over the past year and, from an Elliott wave perspective, there is very good evidence to suggest that last year’s low in the […]

The Dark Cloud of Going Green

I was invited by a LinkedIn member to share the following post he read on my page. Having been involved in multiple projects, including the one to assist customers with natural gas availability to convert from electric to get them off the grid, I have becoming acutely aware that there are many fingers in the […]

‘Insanely cheap energy’: how solar power continues to shock the world

Australian smarts and Chinese industrial might made solar power the cheapest power humanity has seen – and no one saw it coming   In the year 2000, the International Energy Agency (IEA) made a prediction that would come back to haunt it: by 2020, the world would have installed a grand total of 18 gigawatts […]

Rystad: Oil to Peak in 2026

The rapid adoption of electric vehicles (EV) around the world will probably cause global oil demand to peak two years earlier than previously expected, Norway’s biggest independent energy consultancy Rystad said on Wednesday. World demand is now seen peaking at 101.6 million barrels of oil per day (bpd) in 2026, down from a forecast made […]

Syrian missile lands near Dimona nuclear reactor

Israel and Syria exchanged missile attacks early on Thursday morning, after Damascus launched an advanced surface-to-air missile that landed in the Negev Desert. Alarms sounded in Abu Qrenat near Dimona in the South. Syria fired the missile in response to what it claims was an Israeli Air Force bombing near Damascus. Israel frequently strikes Syria […]

No peaking of oil demand yet

Oil traders at work in Houston. Creative Commons photo by Oil Industry News. Those advancing the notion of a rapidly approaching peak in oil demand will have to wait for another day, as the world regains its thirst for crude from last year’s pandemic-induced lows, according to public and private forecasts. In its April Short-Term […]

The Great Pause Week 57: Mama at the Bat

“How do pandemics, climate variability, plastic, toxic pollution, and other threats affect fertility?“   Image after Saisha Bloom: beinG sLAVE     Some time back, I came across an odd fact that did not seem to reconcile with what had I thought about natural systems and planetary homeostasis. Girls all over the world, from the […]

Iran Obtains 60% Enriched Uranium Overnight In Alarming First

Iran on Friday has announced its latest nuclear fait accompli, saying that it’s obtained for the first time ever 60% enriched uranium overnight. This marks the highest level of purity the Islamic Republic has ever enriched to, and has no doubt put the US and European countries negotiating in Tehran on edge. Particularly Israel has warned […]

Copper is the new oil: Demand for the metal expected to soar this decade

The 2020s are expected to be the strongest phase of volume growth in global copper demand in history, as per Goldman Sachs. Goldman Sachs has argued that the critical role copper will play in achieving the Paris climate goals cannot be understated. Without serious advancements in carbon capture and storage technology in the coming years, […]

Goldman Sees Oil Demand Peak in Transportation 5 Years Out

Add Goldman Sachs Group Inc. to the list of forecasters calling for oil demand to peak sooner rather than later. The bank brought forward its forecast for peak oil demand in the transportation sector by one year to 2026, if not sooner, largely due to the accelerating adoption of electric vehicles. Overall crude consumption will […]

Japan Decides To Dump One Million Tons Of Radioactive Fukushima Water Into The Pacific; IAEA Approves

We live in a bizarre world: one where the the Keystone XL pipeline must be shut in case of a hypothetical (and extremely unlikely) leak, but where Japan is allowed to dump over one million tons of radioactive water into the Pacific Ocean. Actually, it’s either bizarre or simply exposing just how profoundly hypocritical, self-serving […]

This Is What Shale Growth Will Hinge On

The next few years of oil and gas production growth in the U.S. will hinge on the discipline of operators with their capital budgets. That’s according to data and analytics company GlobalData, which made the statement in a comment sent to Rigzone on Thursday. In the comment, GlobalData highlighted that oil and gas operators have […]

Shell Is Back, Baby

After more than a year of covid-19 lockdowns, there’s—dare I say—a feeling of hope in the air. Yes, things are far from over, but millions of people are getting vaccinated and it’s starting to seem like there’s a light at the end of the tunnel. Well, sorry to ruin things slightly, but oil companies are […]

Turning Cow Poop Into Energy Sounds Like a Good Idea — But Not Everyone Is on Board

On days when the air pollution is especially bad, a mother in Tulare County, California – where cows outnumber people 2 to 1 – forbids her children from going outside. The woman, who declined to be named for fear of reprisal from her neighbors in the dairy industry, said that nearly everyone in her family, […]

Saudis Plan Major Solar Development in Bid to Cut Emissions

Saudi Arabia announced a major development plan for solar energy as it looks to slash emissions and cut how much oil it burns for power. The oil-rich state has signed seven agreements to produce electricity from solar power in various parts of the country, Energy Minister Prince Abdulaziz bin Salman said at a conference in […]

Bombshell book in Germany revives 9/11 as a business model

Bombshell book in Germany revives 9/11 as a business model More than 3,600 US health workers died in the first year of the pandemic, a yearlong investigation found, as there’s no official list Check Out This Huge Sack Of Giant, Highly Invasive Snails Seized At JFK ‘A moment of peril’: Biden’s coronavirus response collides with […]

Why ‘Peak Oil’ Won’t Mean the End of Drilling

A multibillion-dollar project to tap virgin oil fields in east Africa is expected to get the green light this weekend, highlighting an uncomfortable truth about the energy industry. Even as Total SE, the supermajor behind the new project straddling Uganda and Tanzania, makes genuine efforts to begin the transition to low-carbon energy, the industry is […]

Youngquist: the extraordinary geodestiny of Saudi Arabia and other gulf nations

Preface. I was fortunate enough to know Walter for 15 years. He became a friend and mentor, helping me learn to become a better science writer, and sending me material I might be interested in, and delightful pictures of him sitting in a lawn chair and feeding wild deer who weren’t afraid of him. I […]

Will economic growth always rely on population growth?

Marketplace listener Kelly MacLellan wrote in with this question: I’m curious if there are any alternative models that don’t rely on indefinite population growth for economic growth. Recently, the news of falling birth rates has been framed as a “crisis,” but some theories related to population and the climate suggest we can continue growth without […]

Bush, Obama, Or Trump: Who Was Best From Gasoline Prices?

Last week I filled up with gasoline, and the price was over $3.00 a gallon. It’s been a long time since I paid that much for gasoline. In fact, I checked the data at the Energy Information Administration (EIA) to see the last time weekly gasoline prices were above $3.00/gal. It was in May 2018, […]

US January Oil Production Continues Slow Slide

All of the oil (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM. After the production charts, an analysis of three EIA monthly reports that project future US production is provided. The charts below are updated to January 2020 for the 10 largest US oil producing states. Note: […]

Net Energy and ERoEI* in a Mark III Economy

Structure The Mark I economy had only one economic requirement, namely, that each person had to eat one potato per day or die. This was useful to show that one man’s wealth can mean another man’s or many men’s death. The Mark II economy had four or five economic sectors and was useful to demonstrate […]

Next Page »

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’
• 100 million-degree ‘artificial sun’ sets new records in hunt for energy’s ‘Holy Grail’

• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy
• 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