Climate Crackup: Why the COP27 Summit Failed

Just before he left for the United Nations COP27 climate conference in Egypt, President Joe Biden tweeted: “The global leaders of the COP27 must reach out and take the future in our hands to make the world we wish to see and that we know we need.” This reminded me of one of my favorite […]

Eight billion people means ‘all of the above’ energy strategy

World population recently reached the eight billion milestone, according to estimates from the United Nations. That’s up from about 2.5 billion people in 1950, with a gain of a billion since 2010. However, population growth rates are falling, and the total will likely peak at around 10.4 billion in the 2080s. The United States remains […]

The West is struggling to set an oil price cap that hurts Russia

Allies of Ukraine want to put a price limit on Russian oil. But there’s a problem: They can’t agree on a number that would actually pile pressure on the Kremlin. The West’s biggest economies agreed earlier this year to cap the price of Russia’s most valuable export and vowed to hash out the details by […]

Chevron gets new U.S. license to pump oil in Venezuela again

The U.S. said it would allow Chevron Corp. to resume pumping oil from its Venezuelan oil fields after President Nicolás Maduro’s government and an opposition coalition agreed to implement a humanitarian program and continue dialogue in Mexico City on efforts to hold free and fair elections. Following the agreement, the Biden administration granted Chevron CVX, -0.29% a […]

Conversation with Chris M and Chris S of the New Revenant Society

Your browser does not support the . download(size: 0 MB ) The New Revenant Society is the website and blog of the two Christophers —Christopher M and Christopher S, two off-the-grid homesteaders who are founding a tea plantation in rural Virginia. They invite correspondence by US Mail at 44 Kingston Dr. #159 Daleville VA 24083. […]

All Hell Will Break Loose for Oil in 2023…

All hell will break loose for oil in 2023… but only if one event fails to take place. Can you guess what it is? Right now, it’s the ONLY thing stopping oil prices from being far higher than the $81.85 per barrel that WTI is trading for as I write this.  But let’s put a […]

Wells are running dry in drought-weary Southwest as foreign-owned farms guzzle water to feed cattle overseas

Workers with the water district in Wenden, Arizona, saw something remarkable last year as they slowly lowered a camera into the drought-stricken town’s well: The water was moving. But the aquifer which sits below the small desert town in the southwestern part of the state is not a river; it’s a massive, underground reservoir which […]

The Global Energy Transition Has A $22 Trillion Problem

The global energy industry is on the cusp of a major transformation. Geopolitics will shift considerably as supply chains shift away from fossil fuels and toward rare earth minerals essential to renewable energy infrastructure and electric vehicle batteries. “The growing importance of energy security and the need to bolster supply chains will require a level […]

The target of limiting global warming to less than 1.5 degrees is practically dead

As the world keeps warming and the frequency of natural disasters rises (figure 1), government officials and private and public sector leaders are convening in Egypt’s Sharm el-Sheikh resort for the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change. More commonly known as COP27, participants will discuss the climate […]

Remember Peak Oil? It Never Went Away

Remember peak oil? We recently wrote that it’s back but according to one of the original “peak oilers,” Richard Heinberg, author of the 2005 Peak Oiler classic “The Party’s Over, Peak Oil Is Back,” it never really went away. According to the analysis done in the ’50s by geophysicist King Hubbert, peak oil was supposed to be […]

Pakistan ‘Has No Option But To Ration’ Natural Gas Supply This Winter

Pakistan has no other option but to ration natural gas supply this winter, with gas provided three times a day for cooking to households, amid acute shortages and a forex crisis in the world’s fifth most populous country, an official from the petroleum ministry told a Parliament panel this week. The energy crisis in Pakistan […]

This low-cost catalyst helps turn seawater into fuel at scale

A replenishment oiler, left, refuels a naval ship at sea. The Porosoff research group at the University of Rochester has demonstrated that a potassium-promoted molybdenum carbide catalyst can help the US Navy achieve its goal of converting seawater to fuel, effectively eliminating the need for traditional refueling operations. (Getty Images photo) For the first time, […]

Chinese Power Demand Is Set To Soar

1. A Flotilla of US Oil Is Moving Toward Asia – Deliveries of US crude to Asia are set to reach an all-time high this month, soaring to 1.8 million b/d as the relative discount of WTI to other global benchmarks makes American barrels increasingly profitable. – As recently as a couple of days ago […]

Oil Prices Hit Two Month High as China Eases Restrictions

Oil closed at the highest level since August as markets rallied over China easing its Covid restrictions. Brent crude futures settled above $98 a barrel for a third straight weekly gain. China is said to be working on plans to scrap a system that penalizes airlines for bringing virus cases into the country, a move […]

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