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Two Different Perspectives – Same Conclusion: Modern Lifestyles Will End Soon
Two Different Perspectives – Same Conclusion: Modern Lifestyles Will End Soon Dr. Berndt Warm’s Perspective Thanks to Marromai for finding this new paper by physicist Dr. Berndt Warm. Dr. Warm uses 5 different methods, 4 relying on economics, and 1 on thermodynamics, to predict when the end of oil production and motor vehicle production will occur. All 5 methods […]
China’s Oil Demand Is Set To Hit A Record High In 2023
China’s Oil Demand Is Set To Hit A Record High In 2023 China’s oil demand is expected to hit a record high 16 million bpd this year, an increase of 800,000 bpd. Having lifted its zero-Covid policy, China is currently suffering through an exit wave of Covid but should recover in the second quarter. China […]
Explosion Rocks Natural Gas Pipeline Connecting Lithuania, Latvia; Village Evacuated
Explosion Rocks Natural Gas Pipeline Connecting Lithuania, Latvia; Village Evacuated Lithuania natural gas transmission operator Amber Grid told Reuters its pipeline that connects Lithuania to Latvia was rocked by an explosion on Friday. Footage of the explosion emerged on Twitter in the last 30 minutes. The location of the blast is in northern Lithuania. Amber Grid said […]
Colder Weather Might Return To Northwest Europe Next Week
Colder Weather Might Return To Northwest Europe Next Week European natural gas prices have plunged to pre-Ukraine invasion levels on mild winter. Heating demand across the EU has declined, allowing fuel storage tanks to continue injections and remain above seasonal levels. This bodes well for the energy-stricken continent, but new weather forecasts suggest a late-month […]
2023: Expect a financial crash followed by major energy-related changes
2023: Expect a financial crash followed by major energy-related changes Why is the economy headed for a financial crash? It appears to me that the world economy hit Limits to Growth about 2018 because of a combination of diminishing returns in resource extraction together with rising population. The Covid-19 pandemic and the accompanying financial manipulations hid these […]
Washington Has Trouble Refilling The SPR After 220 Million Barrel Draw
Washington Has Trouble Refilling The SPR After 220 Million Barrel Draw The DoE has received several offers for February purchases to refill the SPR. For February, the plan was to purchase 3 million barrels, ideally when oil dropped to around $70 per barrel. The rejected bids are prompting speculation that refilling the SPR will be […]
Renewables Are Slowly Approaching Diminishing Returns
Renewables Are Slowly Approaching Diminishing Returns Photo by Ryan Grice on Unsplash Once a source of hope for maintaining our modern lifestyle, renewables are close to hit diminishing returns (i.e.: providing less and less benefit to society with every addition of a new solar panel or wind turbine). For the record: fossil fuels have long passed the same […]
Andurand: Oil Prices Could Exceed $140 If China’s Economy Fully Reopens
Andurand: Oil Prices Could Exceed $140 If China’s Economy Fully Reopens Hedge fund manager Andurand: full reopening of Chinese economy could send oil prices past $140 per barrel. Andurand: The market is underestimating the scale of the demand boost. Andurand did say last week that oil demand will be limited somewhat by a growth in […]
‘Silence of the Ecomodernists’ & ‘Fusion Confusion’
‘Silence of the Ecomodernists’ & ‘Fusion Confusion’
The Human Eco-predicament: Overshoot and the Population Conundrum
The Human Eco-predicament: Overshoot and the Population Conundrum This article was originally published by Vienna Yearbook of Population Research 2023, Vol. 21, pp. 1–19 Abstract: The human enterprise is in overshoot, depleting essential ecosystems faster than they can regenerate and polluting the ecosphere beyond nature’s assimilative capacity. Overshoot is a meta-problem that is the cause […]
Global NatGas Prices Sink As Warm Weather Spreads
Global NatGas Prices Sink As Warm Weather Spreads US and European natural gas prices are sliding as warmer weather reduces demand for the heating fuel, and storage levels remain high. Risks of a global energy crisis are diminishing for now — well — that’s until the next cold blast strikes. The polar vortex that sent […]
Drivers could see gas prices surge to nearly $7 a gallon in some US states as refinery issues bite supply and Chinese demand bounces back, GasBuddy says
Drivers could see gas prices surge to nearly $7 a gallon in some US states as refinery issues bite supply and Chinese demand bounces back, GasBuddy says Gas prices could top $4 a gallon in most major US states next year, GasBuddy says. (Photo by Steve Pfost/Newsday RM via Getty Images) Gas prices could surge toward […]
Nuclear Waste Disposal and Peak Oil
Nuclear Waste Disposal and Peak Oil Preface. One the greatest tragedies of energy decline will be the nuclear waste left to harm thousands of future generation for hundreds of thousands of years. We owe it to them to clean up our mess while we still have the fossil fuels to do it. If we do […]
With U.S. shale oil boom over, can world production climb?
With U.S. shale oil boom over, can world production climb? Prior to the pandemic-induced downturn in world oil production, U.S. oil production growth was responsible for 98 percent of the increase in world production in 2018 (as reported in 2019). Almost all of that growth resulted from rapid increases in shale oil production which accounted for 64 percent […]
