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James Howard Kunstler: It’s All Going to Have to Get Smaller
James Howard Kunstler: It’s All Going to Have to Get Smaller “I’m not a techno-narcissist. I don’t think there are technological rescue remedies that will allow us to keep doing what we’re doing…”— James Howard Kunstler There is a prevailing fallacy, despite warning signs to the contrary (looming peak oil, fragile markets, and climate weirdness, […]
Is the Euro An Energy Problem Or A Central Bank Problem?
IS THE EURO AN ENERGY PROBLEM OR A CENTRAL BANK PROBLEM? If its an energy problem, then there is no way back. It looks more like a central bank problem to me. As mentioned in the last post, the huge break in energy prices between the US and the rest of the world could explain […]
Worst Of Global Energy Crisis Could Be Approaching, IEA Head Warns
Worst Of Global Energy Crisis Could Be Approaching, IEA Head Warns The bullish narrative for oil markets builds as the head of the International Energy Agency (IEA) and a new Organization of the Petroleum Exporting Countries (OPEC) report, all separately, warned Tuesday about a further global squeeze on energy supplies. IEA Executive Director Fatih Birol told the audience at a […]
Of Heroes and Dragons
Of Heroes and Dragons in which a planet-sized blindspot gets revealed Image credit: Kent Pilcher via Unsplash You were warned The following read might incite serious levels of cognitive dissonance and result in anger, disbelief and an irresistible urge to trash the author. Unfortunately I cannot take responsibility for your actions, so proceed at your own risk from […]
Germany Plans ‘Warm Up Spaces’ in Response to Gas Shortages
Germany Plans ‘Warm Up Spaces’ in Response to Gas Shortages Sports arenas to be used to help people who can’t pay skyrocketing energy bills. picture alliance via Getty Images Cities across Germany are planning to use sports arenas and exhibition halls as ‘warm up spaces’ this winter to help freezing citizens who are unable to […]
Is Saudi Oil Production At Capacity?
Is Saudi Oil Production At Capacity? Use it or lose it – this principle might apply to Saudi Arabia’s oil production capacity that is now eyed by the Western world to fill the Russia-sized gap in supply left behind by embargoes. However, as Statista’s Katharina Buchholz details below, Saudi Arabia in the past three years only approached its declared […]
The Oil Industry and Involuntary Liquidation
The Oil Industry and Involuntary Liquidation I never thought I would be even tempted to defend the oil industry, and that’s not exactly what I intend to do here, but their situation, and the situation in which they have put us, need a little explaining. There are two major narratives about the oil business currently, […]
We’re heading for a messy, and expensive, breakup with natural gas
We’re heading for a messy, and expensive, breakup with natural gas Russia’s invasion of Ukraine has exacerbated a number of fault lines already present within the global energy supply chain. This is especially true in Europe, where many countries were reliant on the superstate’s natural resources, and are now hastily looking to cut ties before […]
Dozens of reasons why solar power can’t replace fossil fuels
Dozens of reasons why solar power can’t replace fossil fuels Preface. All solar (and wind) do is add to the giant bonfire of burning fossil fuels — which still provide two-thirds of the power for the electric grid. Electricity is just a fraction of how we use energy, over 80% is fossil fueled because electricity […]
Is Saudi Arabia Exaggerating Its Oil Production Potential?
Is Saudi Arabia Exaggerating Its Oil Production Potential? For years, Saudi Arabia has made some pretty hefty claims about its oil potential. It is becoming increasingly clear, however, that the Kingdom may be stretching the truth a little too far. Analysts are now beginning to doubt that Saudi Arabia even has the reserves it says […]
Norwegian Strikes Could Sever NatGas Supplies To UK
Norwegian Strikes Could Sever NatGas Supplies To UK The European energy crunch is set to worsen this week after Norwegian offshore oil and gas workers went on strike, threatening to sever the Scandinavian country’s energy supplies to the UK and Europe, according to Reuters. As much as 1,117,000 barrels of oil equivalent, or 56% of daily […]
JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut
JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut An employee walks across the top of an oil storage tank at an oil field near Salym, Russia. Source: Bloomberg Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned. […]
Entire industries in Germany could collapse due to Russian natural-gas supply cuts: union head
Entire industries in Germany could collapse due to Russian natural-gas supply cuts: union head Germany’s Economic Minister Robert Habeck speaks to press in Dusseldorf, Germany. Roberto Pfeil – Pool/Getty Images Germany’s top union official said entire industries could collapse due to Russia’s natural-gas cuts. Europe’s largest economy is heavily reliant on natural gas piped in from […]
Libya Oil Exports Halted
Libya Oil Exports Halted
On Magical Thinking
On Magical Thinking In which the motivation behind the Honest Sorcerer gets revealed Image credit: Patrick Hendry via Unsplash My last article on the future of electricity has received quite a few critical comments both from proponents of nuclear as well as solar energy, accusing me with ‘denigrating’ their favored solution. The aim of this is project, the […]
