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What Oil Companies Face: The WTF-Collapse of Consumption of Gasoline & Jet Fuel from Long-Term Weakness
What Oil Companies Face: The WTF-Collapse of Consumption of Gasoline & Jet Fuel from Long-Term Weakness Transportation fuel demand rose to where it had been in … 1997. While the overall S&P 500 Index is down 2.7% in October, about flat for the three-month period, and up 2.8% for the year, the S&P 500 Energy […]
Pipe Dream: Taxpayer-Owned TMX Is a Bust, Concludes Analyst
Pipe Dream: Taxpayer-Owned TMX Is a Bust, Concludes Analyst Expect no Asian windfall for oilsands crude, says a new report by expert David Hughes. Prime Minister Justin Trudeau announces cabinet’s approval to greenlight the TMX project on June 18, 2019. Photo by Sean Kilpatrick, the Canadian Press. Remember that 67-year-old pipeline and its controversial bitumen expansion […]
Capitalism Will Ruin the Earth By 2050, Scientists Say
Capitalism Will Ruin the Earth By 2050, Scientists Say The good news is, by cutting our consumption, there’s another way. IMAGE: GETTY IMAGES A spate of new scientific research starkly lays out the choice humankind faces in coming decades: By 2050, we could retain high levels of GDP, at the price of a world wracked by […]
US Oil’s Merger Mania Won’t End Well For Energy
US Oil’s Merger Mania Won’t End Well For Energy The long-awaited shale patch consolidation has arrived, sparking another bout of merger mania in the energy industry. It’s reminiscent of the one in the late 1990s, just as the Internet bubble was exploding. But don’t expect the stocks to rally this time. Parallels between tech in […]
Concrete: Our Future Is Anchored in the Stuff
Concrete: Our Future Is Anchored in the Stuff The modern world is made of a wondrous, terrible product of human ingenuity. A new book tells the story. An apartment building under construction in Chile. Concrete, author Mary Soderstrom tells us, is a building material urgently needed to protect us against the climate change it helps […]
A life on our planet – review
A life on our planet – review I watched David Attenborough’s film A life on our planet the other evening. The first, and largest, part of the movie was very well made. Perhaps not much new, but very well presented and with excellent footage and narrative. Some images are very strong, even brutal, such as a lonely […]
California Begins Cutting Power To 361,000 Customers As Fire Risk Surges
California Begins Cutting Power To 361,000 Customers As Fire Risk Surges Facing bone-crushing dryness and the strongest winds of the wildfire season, California’s largest utility company, Pacific Gas and Electric (PG&E) which filed for historic bankruptcy due to its role in previous infernos sweeping across the state has “de-energized certain electrical lines” in Northern California, which may result […]
The Sustainable End of History?
The Sustainable End of History? Why California’s 100% renewable energy plan is not a blueprint for our sustainable future. Source: pixabay The Sustainable End of History? Recently, I was a panelist at a forum titled “Tough Talks” which was to eliminate the cozy complacency and tiptoeing of panelists and instead talk die-hard solutions. The topic: […]
LNG in BC Is a ‘Losing’ Bet, Report Finds
LNG in BC Is a ‘Losing’ Bet, Report Finds New analysis calls out rosy job projections for industry ‘misleading’ and unrealistic. BC’s LNG Canada project under construction earlier this year. Photo by Robin Rowland, the Canadian Press. A respected U.S. energy group has criticized a rosy Conference Board of Canada report championing more liquefied natural gas development […]
A simple way to understand what’s happening … and what to do
A simple way to understand what’s happening … and what to do The world seems to be coming apart at the seams. It’s critical to understand why, so that we can avoid the worst and find the best responses so as to move toward the environmentally and socially healthy future we want. It turns out that […]
US Expands Nord Stream 2 Sanctions As Germany Vows Pipeline Completion “Not If, But When”
US Expands Nord Stream 2 Sanctions As Germany Vows Pipeline Completion “Not If, But When” Secretary of State Mike Pompeo has long vowed he’ll “do everything” to stop Nord Stream 2, last month indicating the US is building a coalition of countries to fight against it, given Washington sees it as a massive compromise to Russia, giving it […]
Oil and the Changing World Order
OIL AND THE CHANGING WORLD ORDER U.S. oil inventories have fallen every week for two months yet WTI has averaged less than $40 per barrel since the end of August. That is because oil has been re-priced and markets are unwilling to pay more for it. Those who expect a return to 2019 price levels acknowledge […]
Big Oil’s answer to melting Arctic: cooling the ground so it can keep drilling
Big Oil’s answer to melting Arctic: cooling the ground so it can keep drilling Technology is keeping patches of Alaska permafrost frozen to preserve energy infrastructure even as indigenous residents’ world is transformed by the climate crisis An oil pipeline stretches across the landscape outside Prudhoe Bay in North Slope borough, Alaska. Photograph: Bonnie Jo […]
Forget Peak Oil Demand, Supply Crisis Could be Hitting First
Forget Peak Oil Demand, Supply Crisis Could be Hitting First In today’s IEA’s annual World Energy Outlook 2020 report, the OECD energy watchdog states that it doesn’t see a peak oil demand before 2040, only a possible oil demand flattening. The energy agency repeats that oil demand is effected by COVID, but all scenarios show that oil […]
Today’s Contemplation: The Coming Collapse VIII
October 30, 2020
Today’s Contemplation: The Coming Collapse VIII Chitchen Itza, Mexico (1986) Photo by author Once again, a comment I posted in response to an article on The Tyee. Where to begin? I realise this article is primarily about a federal political party and its future but there are two underlying issues that are discussed that need far […]
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