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Middle East Oil Producers Are Drowning In Debt
Middle East Oil Producers Are Drowning In Debt Arab Gulf oil producers are losing billions of U.S. dollars from oil revenues this year due to the pandemic that crippled oil demand and oil prices. Because of predominantly oil-dependent government incomes, budget deficits across the region are soaring. Middle East’s oil exporters rushed to raise taxes and […]
Climate Change dominates news coverage at expense of other equally important existential issues
Climate Change dominates news coverage at expense of other equally important existential issues Preface. I’ve noticed that in the half dozen science magazines and several newspapers I get practically the only environmental stories are about climate change. Yet there are 8 other ecological boundaries (Rockström 2009) we must not cross (shown in bold with an […]
Norway’s Supreme Court to Decide on Climate Lawsuit Challenging Offshore Arctic Oil Drilling
Norway’s Supreme Court to Decide on Climate Lawsuit Challenging Offshore Arctic Oil Drilling The Supreme Court of Norway is set to rule in a high-profile climate change lawsuit challenging the Norwegian government’s licensing of new offshore oil drilling in the fragile and rapidly warming Arctic region. The forthcoming decision from Norway’s highest court could, for the first time […]
The decline of oil has already begun
The decline of oil has already begun In 1961, when I was 14, working on a science fair project, my father – a geologist and petroleum engineer – explained oil depletion to me. To grow production, oil companies were drilling deeper and deeper wells, developing technologies to extract more oil from spent fields, and would […]
“The Necessary Alternative to Growth is Degrowth”
“The Necessary Alternative to Growth is Degrowth” A Review of Degrowth by Giorgos Kallis (2018) In Europe, “degrowth” is actually a movement, while in the US it is barely mentionable in polite society. To question “growth” would be the death knell for any serious politician. So what’s going on here? We live in the same world and face the […]
Peak Oil Never Went Away
Peak Oil Never Went Away Do you remember peak oil? It was all the rage a decade ago. Now, almost no one is talking about it. The funny thing is, the problem never went away. If anything, it’s gotten worse. In this post, I take a deep dive into peak oil. I show you that […]
‘Sustainability is wishful thinking’: get ready for the energy downshift
‘Sustainability is wishful thinking’: get ready for the energy downshift SUPPLIED Green promises: EV charging stations are appearing in suburban streets. But will the economics actually stack up? The problem with “sustainability” is its implication that economic growth can still continue on blithely in a world of zero carbon and a green energy transition. But […]
Oil Price Crash Costs Saudi Arabia $27.5 Billion In Revenue In 2020
Oil Price Crash Costs Saudi Arabia $27.5 Billion In Revenue In 2020 The oil price collapse is depriving Saudi Arabia of US$27.5 billion in oil revenues this year, Saudi Crown Prince Mohammed bin Salman said on Friday, admitting that the current oil income is not enough to cover the Kingdom’s salaries bill. Saudi Arabia had […]
Australia’s BP Kwinana refinery closure: peak oil context
Australia’s BP Kwinana refinery closure: peak oil context Fig 1: BP is in peak oil mode BP shuts down Kwinana refinery with 600 jobs expected to go, Commonwealth says no impact on fuel security Fig 2: Kwinana refinery in Perth Refining activities will wind down over the next six months, with the new [product import] […]
In Promoting New Nuclear Power, Biden-Harris Back Fiction Over Science
In Promoting New Nuclear Power, Biden-Harris Back Fiction Over Science Nuclear fuel assemblies being inspected before entering a pressurized water reactor in the United States – Public Domain Although possibly a sad comment on his predecessors, incoming U.S. president, Joe Biden, is offering the most progressive climate policy so far of any who have previously […]
Shell’s Largest Refinery Reduces Crude Processing Capacity By 50%
Shell’s Largest Refinery Reduces Crude Processing Capacity By 50% Shell will halve the crude oil processing capacity of its largest wholly owned refinery in the world, Pulau Bukom in Singapore, as part of its ambition to be a net-zero emissions business by 2050 or sooner, the supermajor said on Tuesday. Pulau Bukom hosts the largest wholly-owned Shell refinery globally […]
No Matter Who Wins
NO MATTER WHO WINS Modern elections—despite their social and political importance—have become more like sporting events than referendums around ideas. We so intensely identify with our partisan tribe, that we focus on the slogans, the rooting against the ‘other guy’ and other us-vs-them dynamics, and often lose sight of the issues, the context, and how […]
Toward an age of low tech for a more resilient and sustainable society
Toward an age of low tech for a more resilient and sustainable society The various restrictions that have been imposed to tackle the COVID-19 crisis have led many of us to reflect on what might be our response to other pressing issues that we face, especially inequalities in our societies and the major ecological issues […]
The Economic Superorganism: Excerpt
The Economic Superorganism: Excerpt For the last 200 years, increasing global energy consumption has translated to increasing global GHG emissions. While this might not be the case in the future, how do we consider the conflict between our instincts to react to immediate circumstances (i.e., consume more energy now, grow the economy now) and the […]
The fall of an empire
The fall of an empire Illustration: Aïda Amer/Axios The decline of ExxonMobil has been remarkable in its magnitude and unexpectedness. Why it matters: While all major oil companies are facing troubles, Exxon has fallen the farthest, in large part because it has made the biggest bets on oil and gas — and the smallest bets on […]
