Fusion energy nears Kitty Hawk moment

IN TRYING TO EXPLAIN their recent fusion energy breakthrough, Dennis Whyte of MIT and Bob Mumgaard of Commonwealth Fusion Systems reached back to the dawn of aviation. Fusion could be a life-saver for the planet, producing carbon-free, relatively inexpensive energy with no waste byproducts. It works the same way the sun does, by merging two […]

USA Oil Production Outlook Set to Grow

The U.S. oil production outlook is set to grow over the next five years from 10.96 million barrels per day (MMbpd) in the beginning of 2021 to more than 12.9 MMbpd by 2030. That’s according to GlobalData, which noted that the biggest growth is expected to happen in the Permian Basin. In a statement sent […]

Total Sees Oil Demand Peaking Before 2030

French energy giant TotalEnergies SE expects global oil demand to peak before the end of this decade, sooner than it previously forecast, as more nations crack down on fossil fuels to fight global warming. The oil major’s 2021 Energy Outlook, which includes net-zero pledges unveiled by several countries since the presentation of last year’s edition, […]

The everything shortage

A few BP stations couldn’t get fuel because of a lack of truck drivers, and next thing you know half of Britain is out of gas, thanks to panic buying. Now, an isolated problem has become a national nightmare. This is how the pandemic is still leaving deep marks on society, unleashing one lollapalooza event […]

Oil climbs for sixth day on supply concerns, Brent tops $80

Brent at highest since 2018, WTI highest since July As OPEC reopens taps, African giants struggle to pump more China faces power shortages, hitting factory output LONDON, Sept 28 (Reuters) – Oil markets climbed for a sixth day on Tuesday, boosted by a tighter supply and firm demand outlook, but power shortages in China which […]

Keeping something in reserve

THE challenge of climate change is an existential crisis. Not for humanity, but for capitalism. The energy consumption of our societies relies on the extraction of fossil fuels. Existing reserves of coal, crude oil and gas all formed slowly over millions of years. Though these fuels may seem unnatural, they are organic in origin: layers […]

The Key to U.S. Domination of Global Natural Gas Markets

One of the byproducts of U.S. oil fracking is lots of extra natural gas. But without a way to get it to coastal shipping locations, much of it is simply burned off, wasting the gas and adding to global warming. But if more pipelines could be built, the U.S. could become a much bigger force […]

Could we be hitting natural gas limits already?

Many countries have assumed that natural gas imports will be available for balancing electricity produced by intermittent wind and solar, whenever they are needed. The high natural gas import prices recently being encountered in Europe, and especially in the UK, appear to be an indication of an underlying problem. Could the world already be hitting […]

How to end the American obsession with driving

This summer’s series of extreme wildfires, hurricanes, and tropical storms have made it more apparent than ever that the effects of climate change are here. Limiting the damage caused by future disasters will require a whole-of-government approach — one not limited to what the federal government can do. There’s a host of ideas that states […]

Citi Not Ruling Out $100 NatGas

Citigroup Inc. more than doubled its Asian and European natural gas forecasts for next quarter and said prices could surge to as high as $100 per million British thermal units in the event of a particularly cold winter. Liquefied natural gas prices are skyrocketing as seasonally low European inventories, booming Chinese demand and supply constraints […]

Petrol/Fuel Shortages UK and World Wide 2021

Is There is a Petrol Shortages? If Not, Why Are the Petrol Stations Being Closed? https://www.telegraph.co.uk/business/2021/09/23/petrol-shortage-uk/ Merriam King Huppard Peak Oil https://youtu.be/HFlLtn9YNag Saddam Destroys Kuwait Oil Fields 19…

Saudi Arabia Maintains Position of Top Oil Supplier to China

Saudi Arabia, the world’s largest oil exporter, maintained its leadership of crude suppliers to China for the ninth consecutive month in August, as major producers eased production cuts. Data from the General Administration of Customs in China showed on Monday that Saudi oil imports rose 53 percent from the previous year to reach 8.06 million […]

Texas adds 2,800 oil exploration and production jobs in August

Oil exploration and production companies in Texas added 2,800 jobs in August as the industry continues to recover from the pandemic-driven oil bust. The state’s upstream sector has recovered 19,700 jobs since employment bottomed out a year ago, about a third of the 60,000 jobs lost during the pandemic last year. The state has 178,500 […]

China’s Xi Jinping Promises No New Coal Plants Abroad As It Ramps Up Domestic Production

Chinese leader Xi Jinping pledged at the United Nations General Assembly meeting on Tuesday to halt the construction of coal-fired power plants abroad. “China will step up support for other developing countries in developing green and low-carbon energy, and will not build new coal-fired power projects abroad,” Xi said in a prerecorded video. The announcement […]

Daniel Yergin’s firm predicts petroleum fuel demand peaks in 2036

Add one of the most respected figures in the oil and gas industry to those predicting that demand for petroleum products is nearing its peak. IHS Markit, of which Pulitzer Prize-winning oil historian Daniel Yergin is vice chairman, released a report Monday predicting that demand for refined products like gasoline and diesel would peak in […]

Oil Glut That Covid Built All But Gone

Global crude inventories that ballooned during the pandemic have shrunk to the lowest level in 20 months as an economic rebound in top consumers China and the U.S. drive a robust recovery in fuel demand. About 2.97 billion barrels of crude oil were stored onshore globally as of Sept. 5, the least since January 2020 […]

Thousands of scientists, academics call for fossil fuel ‘non-proliferation treaty’

More than two thousand leading scientists and academics have called on world leaders to commit to a new fossil fuel ‘non-proliferation treaty’, committing to urgently phase out the use of coal, gas and oil in response to the emerging threats posed by climate change. The open letter has been delivered to UN secretary-general António Guterres, […]

China’s oil consumption seen peaking around 2026

China’s oil consumption is likely to peak around 2026 at about 16 million barrels per day and that of natural gas by around 2040, according to a top executive of Sinopec Corp . Sinopec’s oil peak forecast echoes a prediction by consultancy Rystad Energy in April that cited rapid adoption of electric vehicles as the […]

The coming decline of oil is another excellent reason to make the energy transition

It is the lifeblood of the economy. Few of the objects around us that have not been made or shipped thanks to him. It is oil, which has been exploited since the middle of the 19th century, and which today remains the main source of fossil energy consumed on Earth. For how long before the […]

9/11 had major impact on energy industry

Energy infrastructure undergirds just about everything. An above-ground network of power lines keeps the lights on, the A/C running and the Wi-Fi connected. An underground network of pipelines fuels stoves and furnaces and allows gasoline to flow freely from the pumps. In Wyoming, energy is plentiful — and predictable. Most people don’t really have to […]

Oil prices could hit $200/b without new investments in upstream sector

Global oil prices could soar to $200/b if no new investments are made in the oil and gas sector in the short-term, Oman’s energy and minerals minister said Sept. 9, in reply to the International Energy Agency’s assessment for reaching net-zero emissions by 2050. The IEA said in a May 18 report that, under an […]

China to auction off state crude oil reserves for first time

China plans its first public auction of state crude oil reserves to a select group of domestic refiners, the reserves administration announced, as Beijing looks to cool high raw material costs for manufacturers. The releases will take place in phases and are intended for integrated refining and chemical plants, the National Food and Strategic Reserves […]

The fire in the ashes of America’s Afghanistan defeat

America’s 20-year war in Afghanistan has ended. U.S. President Joe Biden eloquently defended the withdrawal by chiding U.S. proteges in the collapsed Afghan government for their failure to fight for themselves. But America’s haphazard withdrawal from Afghanistan also put an end to 20 years of the war on terror, which mobilized U.S. allies and other […]

$42B Harvard Fund to Stop Investing in Fossil Fuels

Harvard University will stop investing in fossil fuels and instead use its giant $42 billion endowment to support the green economy, joining a growing wave of investors moving away from pollutive industries. Harvard Management Co., which runs the endowment, has no investments in companies that explore for or develop fossil fuels and “does not intend […]

The great Covid reset

Even a casual understanding of history would determine that the catastrophe of World War I was the result of a multitude of bilateral agreements and treaties between the European nations. About 20 million—equally divided between military and civilian—deaths occurred primarily because “the enemy of my enemy is my friend.” About a year after the war […]

China’s Conflicting Climate and Economic Goals Roil Commodities

China’s efforts to thread the needle between an often conflicting array of environmental, economic, social and geopolitical objectives are playing out in increasingly unpredictable global commodity markets. The world’s biggest consumer of raw materials, and a major producer of some of them, is attempting to curb carbon emissions and conserve electricity, while at the same […]

The U.S. Power Grid Is At Risk Of Catastrophic Failure

Future electricity systems must be made more resilient Prolonged blackouts in Louisiana following Hurricane Ida are a reminder the power grid needs to become more resilient as well as reliable if even more services such as electric vehicles are going to depend on it in the future. The electricity system is already directly responsible for […]

Global Oil Demand To Peak By 2025

New York August 25, 2021: Global crude and condensate demand would peak in four years and slump by 40 percent over the next three decades if the world moves to a path outlined by the UN’s Intergovernmental Panel on Climate Change, or IPCC, where global warming is limited to 1.5 C or 2 C degrees, […]

How Much Energy Do We Need to Achieve a Decent Life for All?

For many, an increase in living standards would require an increase in energy provision. At the same time, meeting current climate goals under the Paris Agreement would benefit from lower energy use. IIASA researchers have assessed how much energy is needed to provide the global poor with a decent life and have found that this […]

Why and how they plan to kill seven billion

<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> Dr. Vernon Coleman explains why it is important to see the big picture rather than to concentrate on small issues, and why we are now all in the “killing fields”. He discusses Sustainable Development Goals, genocide, the various ways governments are killing people, and […]

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