We Don’t Talk About Collapse To Revel In It, We Talk About Collapse To Prevent It

If one possible result of the current system is collapse, realizing the system itself must be changed isn’t doom-and-gloom, it’s problem-solving. Those of us who discuss collapse are generally dismissed as doom-and-gloomers, the equivalent of people who watch dash-cam videos of vehicle crashes all day, reveling in disaster. Why would we spend so much effort […]

New Type of Price War is Brewing

A new and unchartered type of price war is brewing in the oil market, according to Rystad Energy’s senior oil markets analyst Louise Dickson. Dickson made the statement in a comment sent to Rigzone after the world’s biggest oil consumers announced plans to release strategic reserves onto the market. “The orchestrated release of what we […]

Nuclear fusion: why the race to harness the power of the sun just sped up

A nervous excitement hangs in the air. Half a dozen scientists sit behind computer screens, flicking between panels as they make last-minute checks. “Go and make the gun dangerous,” one of them tells a technician, who slips into an adjacent chamber. A low beep sounds. “Ready,” says the person running the test. The control room […]

China is joining the US and other countries in tapping emergency oil reserves

China confirmed on Wednesday that it would join the United States and other major energy-consuming nations in releasing strategic oil reserves to try to cool high prices and tame inflation. The White House announced Tuesday that the United States would release about 50 million barrels from its Strategic Petroleum Reserve, and that China, Japan, India, […]

GoM Reserve Revisions for 2019

Overview For 2019 BOEM showed a large increase in remaining reserves of 1.3Gboe,  91% of it oil, from newly discovered oil with Appomattox/Vicksburg and Vito the largest contributors at over 400mmboe each, followed by Buckskin and Kaikias, which are fairly large multi-well tie-backs, and smaller, one or two well  tie-backs of Blue Wing Olive, Constellation, Claibourne, Red […]

Biden said the Department of Energy will release 50 million barrels of oil from the SPR

A number of critics, including the U.S. Chamber of Commerce and former President Trump, opposed President Biden‘s decision to tap into the Department of Energy‘s Strategic Petroleum Reserve, slamming the Biden administration for “ineffectual band aids” that will not replace domestic production. Biden, on Tuesday morning, said the Department of Energy will release 50 million […]

How Much of the Worsening Energy Crisis is Due to Depletion?

Coal and natural gas spot prices have recently soared to record levels internationally, while oil is trading at over $80 a barrel—the highest price in seven years. Newspaper columnists are asking whether people in Europe and Asia who can’t afford high fuel and electricity prices might freeze this winter. High natural gas prices are causing […]

Biden asked China to release oil reserves to ease prices, boost economic cooperation

President Biden appealed to Chinese President Xi Jinping to release crude oil from its strategic reserves in a move that would aim to stabilize rising oil prices, the South China Morning Post reported. China is the world’s largest net importer of oil. Biden and Xi held a virtual meeting earlier this week, during which they […]

‘Peak virgin plastics’ and climate change

The concept of peak oil has been widely debated. Now we may start to talk about the idea of “peak virgin plastic.” The Ellen MacArthur Foundation put the idea out there this week, that at least among major consumer product companies and retailers and their packaging, they’ve peaked on their use of virgin plastic. Are […]

Europe’s energy freakout

There’s a run on camp stoves on Spain’s Balearic Islands, while a key energy analyst says there could be gas shortages. It’s all proof that Europe’s energy emergency isn’t over. Energy prices soared to the top of the political agenda last month — even being discussed by EU leaders. The reason was an unexpected surge […]

Brits Google ‘Energy Bill Help’ As Energy Suppliers Go Bankrupt

Google searches for ‘energy bill help’ exploded over three thousand percent in the UK on November 17, the same day two more energy suppliers collapsed. Neon Energy and Social Energy Supply both ceased trading earlier this week, leaving 35,000 more customers in need of rescue from market regulator Ofgem. Recent analysis of Google data from […]

Musings on OPEC+ spare capacity

OPEC+ countries’ seaborne exports for October and the first half of November have seen a clear increase. Amid other factors, this has helped pause the oil price rally over the last couple of weeks. But the flip side of OPEC+ production increases is always a mirroring decline in spare capacity. A look at the details […]

From Whence The Fine Tuned Universe

The case that the universe is fine-tuned has been made convincingly by many of the giants of physics, including Leonard Mlodinow, Luke Barnes, Geraint Lewis, Leonard Susskind, Robin Collins, Paul Davies, Martin Rees, John Barrow, John Leslie, Alan Guth, Brian Green, Roger Penrose, the late Stephen Hawking, and many others. However, there are still a […]

U.S. zero-carbon fusion energy startup Helion raises $500 mln

Helion Energy, a fusion energy tech startup, on Friday said it raised $500 million to build a net positive electrical generator, one that creates more power than it uses. The latest round values the company at $3 billion. Helion said $1.7 billion in follow on investments were committed if it can prove its technology works, […]

OPEC+ Tells the World: Your Energy Crisis Isn’t Our Problem

OPEC+ ignored demands for a bigger oil-production increase, instead blaming their customers’ economic woes on soaring prices of natural gas and coal.   “Oil is not the problem,” Saudi Energy Minister Prince Abdulaziz bin Salman told reporters after a meeting on Thursday, when the cartel emphatically rejected President Joe Biden’s request to quicken the pace […]

Carrots and sticks: why energy prices won’t fall for a long time

We often write here about the global economy being at an inflection point. Many of the great trends that have shaped the last few decades are coming to an end. The age of cheap labour is ending as politics restricts easy migration and the world’s population ages. The easy growth, productivity gains and deflationary impulses […]

Peak oil versus net zero

Fossil-fuel use could continue to rise despite efforts to achieve climate neutrality Controversial question: is peak oil behind us or does it still lie ahead? Those who claim that peak oil – the year when crude oil production reaches its peak – is in the past are forgetting that this is a market for non-reproducible […]

Visualizing US Oil & Gas Production

This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. Visit ShaleProfile blog to explore the full interactive dashboard These interactive presentations contain the latest oil & gas […]

A Biden Emergency Oil Release May Fail to Dent Price of Gasoline

A potential release from the U.S. Strategic Petroleum Reserve intended to bring down gasoline prices may have little effect, oil market participants warn, even as the Biden administration floats the idea as a way to provide immediate relief at the pump. U.S. President Joe Biden “is looking at” releasing a potential wave of crude supply […]

Capitalism is killing the planet

There is a myth about human beings that withstands all evidence. It’s that we always put our survival first. This is true of other species. When confronted by an impending threat, such as winter, they invest great resources into avoiding or withstanding it: migrating or hibernating, for example. Humans are a different matter. When faced […]

Over 40 Countries Pledge at U.N. Climate Summit to End Use of Coal Power

GLASGOW — More than 40 countries pledged to phase out coal, the dirtiest fossil fuel, in a deal announced Thursday at the United Nations climate summit that prompted Alok Sharma, the head of the conference, to proclaim “the end of coal is in sight.” But several of the biggest coal consumers were notably absent from […]

Russia, China dodge calls to reduce coal, carbon emissions

As global leaders flew into Scotland on a parade of private jets from around the world for the United Nations climate change conference COP26, billed as the world’s last best chance’ to save the planet from catastrophe, two of the world’s biggest players were no-shows. President Xi Jinping didn’t bother to attend and Russian President […]

Tanker War 2.0: Iranian Strategy in the Gulf

August 10, 2021 Aaron Stein Host Afshon Ostovar     The Iranian government is accused of using a loitering munition to strike the tanker Mercer Street, killing two crew members. The attack is the latest incident at sea involving the Iranians and international shipping. To discuss Iranian strategy in the Persian Gulf, Aaron speaks with […]

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• Is It Time To Abandon the Idea of Phasing Out Oil and Gas?
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