More shale, who cares? Saudi Arabia pushes for at least $70 oil

Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers could benefit and Riyadh’s share of global crude markets might be further eroded. FILE PHOTO: U.S. President Donald Trump welcomes Saudi Arabia’s Crown Prince Mohammed bin Salman […]

Politics, Productivity & Population: Why The Chinese Economy Flew and India’s Just Grew

The two countries have roughly the same population, similar average unemployment rates and current GDP growth rates that are among the highest in the world. Yet China’s economy is almost five times larger than India’s. The GDP per capita for China and India in 1985 was approximately $293 per person. According to 2017 data from […]

Oil Hits 2019 High on Biggest U.S. Crude Storage Drop

Oil closed at a new high for the year in New York after the biggest withdrawal of crude in U.S. storage tanks since July signaled further tightening supplies. Futures gained 1.4 percent on Wednesday after a 9.59 million-barrel decline in American oil stockpiles reported by the government exceeded analysts’ expectations. U.S. crude exports were near […]

This man will eat only what he can grow or forage

Orlando, Florida – Standing curb-side, about a block away from a congested intersection, Rob Greenfield is counting grapefruits—over a baker’s dozen he plucked from a nearby tree. He’s more than a hundred days into a year-long experiment in which he will forage or grow 100 percent of his food. On this particular day, Greenfield’s grapefruit […]

IEA Warns Of Looming Oil Market Deficit

Production outages and Iran and Venezuela will tip the global oil market into a shortage during the second quarter, the International Energy Agency said in the new edition of its monthly Oil Market Report. This will happen against the background of steadily rising demand despite a slowdown during the last quarter of 2018, the agency […]

Machinery for a post collapse world

  Discuss this article at the Doomsteading Table Inside the Diner   Welcome to my kick off post. I find it the height of arrogance to blog as I claim no mastery in the subjects that interest me most. I’m a greenie, a builder, a single dad, an alternative energy enthusiast, a gardener, and deeply […]

Why aren’t there battery powered airplanes or flying cars?

Preface.  Batteries are too heavy for airplanes to get off the ground. These two articles explain that in further detail. Alice Friedemann   www.energyskeptic.com  author of “When Trucks Stop Running: Energy and the Future of Transportation”, 2015, Springer and “Crunch! Whole Grain Artisan Chips and Crackers”. Podcasts: Derrick Jensen, Practical Prepping, KunstlerCast 253, KunstlerCast278, Peak Prosperity […]

Energy and oil majors turn to rural Africa in grab for world’s next billion customers

Once basic energy is established in disconnected regions, the companies that supply it hope to cash in on demand for a slew of new products and services JUMEME Rural Power Supply’s mini grid in Tanzania. (Photo: Energy 4 Impact and Inensus). By Sara Stefanini Armed with solar panels, lanterns and mini grids, European energy giants […]

China Oil Use Seen Peaking in 2025

The country that’s driven global oil demand since the turn of the century may hit the brakes sooner than expected as travelers shift toward electric cars or even forgo the open road in favor of trains. China’s oil consumption will peak in 2025, five to eight years earlier than market consensus, according to Morgan Stanley […]

EIA’s Electric Power Monthly – February 2019 Edition

The EIA released the latest edition of their Electric Power Monthly on February 27th, with data for December 2018. The table above shows the percentage contribution of the main fuel sources to two decimal places for the last two months and the full year 2018 (YTD). The winter solstice occurs on December 21st so the […]

Cheap Oil Is Here To Stay

Environmentalists must be bumming.  U.S. oil production isn’t just booming, it’s re-ordering the global economy. Rystad Energy is offering some details with analysts who believe continued production could even wipe away $22 trillion in national debt! As an export, oil could wipe away trade deficits, yearly budget deficits and the overall massive debt. Twenty years ago the […]

Food System Adaptations to the Great Simplification

The Future is Rural challenges the conventional wisdom about the future of food in our modern, globalized world. It is a much-needed reality check that explains why certain trends we take for granted–like the decline of rural areas and the dependence of farming and the food system on fossil fuels–are historical anomalies that will reverse over […]

The World Is Losing Fish to Eat

Fish populations are declining as oceans warm, putting a key source of food and income at risk for millions of people around the world, according to new research published Thursday. The study found that the amount of seafood that humans could sustainably harvest from a wide range of species shrank by 4.1 percent from 1930 […]

Economic Doom Loop Well Underway

From 2007 through 2018, births in the US have declined by 470 thousand on an annual basis, or an 11% decline.  The US fertility rate has likewise cracked lower, from 2.12 births to 1.72, an 18% decline (2.1 births over a females childbearing years is considered zero growth).  This has resulted in 4.5 million fewer net births in the US since 2007 than the Census had […]

By 2060, 98% of the World’s Population Will Live in 600 Cities

As a result of economic, climatic and other factors, the population of the world is growing, and migration is becoming more and more dynamic. Namely, people, and not just technology, are the key element in the development of smart cities. Around this opinion, international experts met at the conference “Knowledge City – Cities of the […]

BP’s ‘Peak Oil’ Demand Prediction Falls Flat

Always mandatory reading, BP just released its Energy Outlook 2019.  It has caused quite a stir again this year. But, this time the commotion that I see surrounds BP’s forecast that the global war on plastics will be the main factor in cutting global oil demand faster than previously expected. As such, for the first time BP’s outlook predicted a “peak” […]

Get ready for pushback in the war on plastic

© Justin Sullivan/Getty Images Petrochemicals are becoming increasingly important to the oil industry as cars go electric. The fossil fuel industry’s lobbying has been effective in Washington, slowing efficiency improvements for cars, rolling back light bulb regulations, and so much more. But the rise of the electric car is expected to put a big dent […]

As More Electric Cars Arrive, What’s The Future For Gas-Powered Engines?

Most American automobiles are powered by internal combustion engines: Gas or diesel goes in, tiny explosions power pistons and turn a crankshaft, the car moves forward, and carbon dioxide goes out. But a growing chorus environmental activists, business analysts and auto executives are predicting a sea change as battery-powered electric vehicles grow in popularity. Going […]

Oil Will Continue to Play Significant Role

Although the precise outlook is uncertain, the world looks set to consume significant amounts of oil for several decades. That’s according to BP’s latest Energy Outlook, launched in London on Thursday, which considers a range of scenarios. All the scenarios in BP’s 2019 outlook suggest that oil will continue to play a significant role in […]

BP warns war on plastic will help cut global oil demand

he war on single-use plastics could cut demand for oil faster than previously expected over the next two decades, BP has warned. The oil major predicted a peak in global oil demand for the first time last year, and in its latest outlook report warned that a crackdown on plastic waste, which is made from […]

Will Oil Ever Hit $100 Again?

Oil will hit $100 per barrel again, according to RoseAnne Franco, head of oil and gas at global risk consultancy Verisk Maplecroft. “It’s a question of when and will it stay there … the level of geopolitical uncertainty we confront today is particularly volatile and precisely the type of conditions that could lead to an […]

Is a key ingredient humans need to live about to run short?

Phosphorus is essential for all living organisms. So, it’s not surprising that humans get their phosphorus from other living organisms, mostly plants, that have absorbed phosphorus from the soil. The introduction of phosphate fertilizers made it possible to ensure that enough phosphorus for healthy plant growth is available in practically any farmland soils. At first, […]

Oil and economy poised between growth and recession

Policymakers and analysts who claim the outlook is “unusually uncertain” are normally overstating their own forecasting problem and understating the difficulties faced by their predecessors. The outlook always looks more certain in retrospect, when the outcome is known, and a causal chain can be constructed that makes it appear nearly inevitable, than it does in […]

Bank Of America: Oil Demand Growth To Hit Zero Within A Decade

By 2030, oil demand could hit a peak and then enter decline, according to a new report. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. According to Bank of America Merrill Lynch, the annual increase in global oil consumption slows dramatically in the years […]

Global EV car sales surge 63% in 2018

Global sales of passenger car electric vehicles (EVs) jumped by 63% last year to top 2 million units for the first time, helped by surging sales of plug-in EVs in the US, according to data provided by EV-Volumes. A total of 2.08 million plug-in EVs were delivered to customers in 2018, or 2.2% of total […]

Gail Tverberg on Peak Oil

A few years ago, especially in the 2005-2008 period, many people were concerned that the oil supply would run out. They were concerned about high oil prices and a possible need for rationing. The story was often called “Peak Oil.” Peak Oil theorists have also branched out into providing calculations that might be used to determine […]

The Great Oil Paradox

The shale boom has created a world awash with crude, putting a lid on prices and markedly reducing U.S. dependence on imported energy. But there’s a growing problem: America is producing the wrong kind of oil. Texas and other shale-rich states are spewing a gusher of high-quality crude — light-sweet in the industry parlance — […]

The Future Is Asian: An Interview With Parag Khanna

“The future is Asian” according to geopolitical strategist Parag Khanna. In his new book, Khanna argues that we are witnessing a tectonic shift in global power. If the 19th century belonged to Europe, and the 20th century to the United States, then the 21st century now belongs to Asia. Beyond the era of Western hegemony, Asia is returning […]

Is An Oil Supply Crunch Looming?

The global oil and gas industry is poised to increase spending this year, albeit modestly, in a bid to boost supply after a punishing period of low oil prices. The industry has succeeded in cutting costs and speeding up project timelines, achievements that will help companies adapt to a market that may never return to […]

$90 Oil More Likely Than $40 Oil

$90 per barrel oil is more likely than $40 per barrel oil. That’s according to Majid Jafar’s, CEO of Cresent Petroleum, who expressed the view in a television interview with CNBC on Thursday. “I’m an optimist. I actually think there will be a [U.S.-China] trade deal. I actually think that despite some, you know, doom […]

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