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Energy Is The Key To Everything

Consumption

When people are sitting around making lists and deciding what they need to survive or just get by in the future there is one thing they need to give great thought to. Energy is the basis of everything. Energy takes many forms such as food, electricity, liquid fuels, mechanical, nuclear, solid fuels, solar and wind […]


10 years after the oil price spike

Consumption

Ten years ago this week—July 11, 2008 to be exact—the price of a barrel of oil on the New York Mercantile Exchange hit an intraday high of $147.27, its highest price ever. By the following autumn the world economy was in shambles and the price of oil was tumbling. The oil price eventually bottomed out […]


Inflation Rearing Its Ugly Head

Inflation Rearing Its Ugly Head thumbnail

The world of finance and investment, as always, faces many uncertainties. The US economy is booming, say some, and others warn that money supply growth has slowed, raising fears of impending deflation. We fret about the banks, with a well-known systemically-important European name in difficulties. We worry about the disintegration of the Eurozone, with record […]


Global Emissions are Up, in BP’s Analysis

Consumption

French consultancy Cedigaz sees global gas demand growing by 1.4%/year between 2016 and 2040, a major reduction cumulatively from last year’s 1.8% compound annual growth rate. It does however see the fuel playing a growing role in the energy mix at the expense of the other fossil fuels, it said July 3. “The gradual shift […]


Fourth of July holiday gas prices hit 4-year high

Consumption

Fourth of July gas prices will notch their highest mark since 2014 but remain sharply lower than their all-time high for the holiday. At about $2.86 per gallon as of Tuesday morning, the national average price of gasoline is about 63 cents higher than a year ago, according to AAA. Prices have been stable over the […]


Have we reached Peak Sand?

Consumption

CC BY 2.0 Wikipedia/ Illegal sand mining in India Yet another thing we are running out of. For years on TreeHugger, we have talked about Peak Everything, having started with Peak Oil. so it seems really odd to talk about Peak Sand. But in fact, we appear to be running out of the stuff. The […]


China Will Need More US Natural Gas

Consumption

there’s room for all gas (and oil) exporters in China, the need for imports is surging that fast Looking out to just 2030, about 65% of China’s gas demand could need to be met by imports BEIJING, CHINA – NOVEMBER 09: (CHINA MAINLAND OUT)China President Xi Jinping and wife Peng Liyuan welcome US President Donald […]


Food, oil to stoke June inflation

Food, oil to stoke June inflation thumbnail

The Philippine Statistics Authority (PSA) will report official inflation data on Thursday. Latest forecasts show that prices have definitely picked up faster than the 2.5% pace clocked in June 2017. — BW FILE PHOTO By Melissa Luz T. Lopez, Senior Reporter INFLATION likely clocked in faster in June on the back of rising food and oil […]


Oil Rallies Towards $80

Consumption

It was only a week ago that OPEC and Non-OPEC agreed to add 1 million barrels per day (mb/d) to the market, but it already feels like a distant memory with the oil bulls back on the march (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to […]


Economic Advisor Warns British Defense Planners Growth Is Ending

Economic Advisor Warns British Defense Planners Growth Is Ending thumbnail

Economic growth isn’t coming back. While some level of growth might continue in coming decades, the boom era of seemingly unlimited material throughput we became accustomed to in the middle of the twentieth century is unlikely to ever return again as we enter a fundamentally new age of diminishing returns These are the conclusions of […]


World Energy 2018-2050: World Energy Annual Report (Part 1)

Consumption

Guest Post by Dr. Minqi Li, Professor Department of Economics, University of Utah E-mail: minqi.li@economics.utah.edu June 2018 This is Part 1 of the World Energy Annual Report in 2018. This author has developed world energy annual reports that have been posted at Peak Oil Barrel since 2014. The purpose of this Annual Report is to […]


Oil Spikes to Highest Price in Four Years

Consumption

Oil prices rallied Wednesday, with the U.S. benchmark settling at its highest since 2014 as domestic crude supplies notched their biggest weekly drop of the year so far. Traders also showed concerns over U.S. threats to sanction countries that don’t stop importing oil from Iran by Nov. 4. On the New York Mercantile Exchange, August […]


Potential fossil fuel production could buy time for energy transition

Potential fossil fuel production could buy time for energy transition thumbnail

Given their significance for the vital functions of industrial societies and their potential for climate change, future developments in fossil fuel production (petrol, natural gas, coal), will have to buy us time for energy transition. Energy transition will be the move from a society living off fossil fuels to a society forced to do without […]


China surpasses Japan as world’s largest natural gas importer

China surpasses Japan as world’s largest natural gas importer thumbnail

China has surpassed Japan to become world’s largest importer of natural gas, with China’s drive for a cleaner environment and a bluer sky on the increase, reports Bloomberg. China-Russia East-Route Natural Gas Pipeline in Heihe, Heilongjiang province, June 29, 2015. [File photo: IC] In order to meet President Xi Jinping’s goal of cutting pollution, many […]


Unlike Peak Oil, Peaker Gas Has a Future

Unlike Peak Oil, Peaker Gas Has a Future thumbnail

Like a bridge to the future. Photographer: Christopher Furlong/Getty Images Europe Bloomberg New Energy Finance has just released its annual tome of forecasts. The short story is that wind and solar power are getting cheaper and we will all be using more of them — a lot more, and relatively soon: Rewired The world’s mix of electricity […]


How will Earth feed 9 billion people by 2050?

Consumption

Over 795 million people in the world are hungry, and by 2050 there will be an additional 2 billion people to feed. Is the Earth able to provide enough food for our exploding population? What is the worst mistake that humans have ever made? According to an article by public intellectual Jared Diamond, humans decision […]


Chris Martenson: The End Of Growth

Chris Martenson: The End Of Growth thumbnail

More and more, I hear that folks are feeling frustrated and betrayed, combined with a sense of loss and despair. I feel this way, too. As I’ve written recently, I observe this is due more than anything else to a widespread demoralization society is suffering from. Certainly the statistics reflect this. Suicides in the US […]


What Will Follow The Age Of Oil?

Consumption

U.S. natural gas production will increase by 10 percent this year alone and by as much as 60 percent by 2037, a new report from IHS Markit has forecast. The market research company is extremely upbeat about U.S. gas because of the shale gas revolution, seeing the country becoming a leading LNG exporter thanks to […]


Appalachian Natural Gas Prices Up Even As Production Jumps

Consumption

According to the U.S. Energy Information Administration, natural gas prices at trading points around the Appalachia region have generally increased in the past three years relative to the benchmark Henry Hub in Louisiana, even as production in that area reached new highs. Natural gas production in the Appalachia region averaged 22 billion cubic feet per […]


Eight insights based on December 2017 energy data

Eight insights based on December 2017 energy data thumbnail

BP recently published energy data through December 31, 2017, in its Statistical Review of World Energy 2018. The following are a few points we observe, looking at the data: [1] The world is making limited progress toward moving away from fossil fuels. The two bands that top fossil fuels that are relatively easy to see are nuclear […]


Richard Heinberg: Electric Cars to the Rescue?

Richard Heinberg: Electric Cars to the Rescue? thumbnail

My wife Janet and I recently bought a used Nissan Leaf from a friend. We are now proud electric vehicle (EV) owners, and we love our plug-in, battery-powered car: some days we almost fight over who gets to drive it. If this essay were a consumer review, it would glow in the dark. The car […]


Why OPEC Isn’t Going To Give Up On High Oil Prices That Easily

Consumption

With the most highly-anticipated OPEC meeting since November 2014 taking place Friday in Vienna, Macrovoices host Erik Townsend made this week’s podcast all about oil. He started his three-part interview series with Dr. Ellen Wald, the author of “Saudi Inc.”, a book about Aramco. During their discussion, Wald shares what she learned about the Kingdom […]


What Happens If All The Oil Just Disappears?

Consumption

Crude oil, or petroleum, is made of decaying organic matter which has been trapped underground, under intense heat and pressure, for millions of years. Oil is a nonrenewable resource; there’s only so much of it. You might have heard the term “peak oil” before. Most experts have predicted that peak oil will occur by 2020, […]


Oil producers face their ‘life or death’ question

Consumption

Asked last month by a frustrated investor if, “hand on heart”, Royal Dutch Shell was more concerned about “the sustainability of the company or with the sustainability of the planet”, chief executive Ben van Beurden acknowledged that climate change will be “the defining challenge” facing the oil industry for years to come. He then went […]


Why Goldman Sachs still sees oil peaking above $82 a barrel this summer

Consumption

Goldman Sachs on Monday said it continues to expect Brent crude oil prices to peak above $82 a barrel this summer, even after assuming that the Organization of the Petroleum Exporting Countries will soon agree to lift production. “Oil prices have sold off over the past three weeks on concerns over higher OPEC production, weaker […]


Why $100 Price Forecasts Are More Sensational Than Logical

Consumption

Towards the end of 2017 and for much of the first quarter of this year, both oil futures benchmarks – i.e. Brent, the global proxy gauge, and West Texas Intermediate, the keenly watched U.S. contract – oscillated in very predictable ranges marking a gradual uptick to sub-$70 per barrel for the former, and sub-$65 for the […]


Nigeria plunged in to darkness by power grid meltdown as millions watched World Cup build-up on TV

Nigeria plunged in to darkness by power grid meltdown as millions watched World Cup build-up on TV thumbnail

NIGERIA suffered a major power cut on the first day of its World Cup campaign, according to local reports. The power grid melt down came on the same day the national team played Croatia in its first fixture. AP:Associated Press 3 Nigeria has suffered a nationwide power cut after millions watched their national team play […]


Steep Oil and Strong Dollar Make Toxic Brew for Global Economies

Consumption

For Americans, rising oil prices are threatening $3-a-gallon gasoline and pushing up prices for plane tickets. In many other parts of the world, today’s crude rally is more painful—sparking protests, gas lines and emergency subsidies to quell unrest. That is because many consumers outside the U.S. face a double whammy when—like now—the dollar gets stronger […]


The Bullish And Bearish Case For Oil

Consumption

Oil prices are in a holding pattern as we await the outcome of the OPEC+ meeting in a few days, and while the result of that meeting will almost completely control the direction of oil prices in the near-term, there is a bit of disagreement among analysts over the bigger picture in regards to the […]


What’s Wrong With The Economy: 9 Toxic Dynamics

Consumption

These nine dynamics are mutually reinforcing. Beneath the surface signals of an eternally rising stock market and expanding GDP, we all sense something is deeply, systemically wrong with the U.S. economy. These nine structural dynamics generate secondary dynamics, all of which are toxic to social mobility, sustainable prosperity, accountability and democracy: 1. The financialization of the […]


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@kataygetos Emerging market cash drain. The loans are made to enable the purchase and waste of petroleum by countries desperate to be 'modern'. #PeakOil

test Twitter Media - @kataygetos Emerging market cash drain. The loans are made to enable the purchase and waste of petroleum by countries desperate to be 'modern'. 

#PeakOil https://t.co/80gQb93Raw
test Twitter Media - @kataygetos Emerging market cash drain. The loans are made to enable the purchase and waste of petroleum by countries desperate to be 'modern'. 

#PeakOil https://t.co/80gQb93Raw
test Twitter Media - @kataygetos Emerging market cash drain. The loans are made to enable the purchase and waste of petroleum by countries desperate to be 'modern'. 

#PeakOil https://t.co/80gQb93Raw

>> Lynch – “There is nothing new under the sun”<< Back in the 70s, there was talk of #peakoil.. Now we have moved on and many in the market are starting to worry about #peaklithium lithiumwa.com.au/lynch-there-is…

test Twitter Media - >> Lynch – “There is nothing new under the sun”<<
  Back in the 70s, there was talk of #peakoil.. Now we have moved on and many in the market are starting to worry about #peaklithium
  https://t.co/krUEBgb4bY https://t.co/MaLAKNSjRd