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Europe May Face LNG Crisis This Winter
Europe May Face LNG Crisis This Winter Rush to wean off Russian gas has made European consumers highly vulnerable to LNG price shocks. Global LNG demand outstrips supply in 2022. New LNG projects are unlikely to provide relief until 2024. A liquified natural gas (LNG) crisis is brewing for European countries dealing with energy insecurity […]
Saudi Arabia warns that the world is running out of energy capacity: ‘I have never seen these things’
Saudi Arabia warns that the world is running out of energy capacity: ‘I have never seen these things’ The EU is planning a complete ban on Russian oil imports. iznashih/Getty Images Saudi Oil Minister Prince Abdulaziz bin Salman warned Tuesday that the world is “running out of energy capacity at all levels.” “I am a dinosaur, […]
Widespread US Diesel Shortages Send Crack Spreads To Mindblowing Highs
Widespread US Diesel Shortages Send Crack Spreads To Mindblowing Highs Global stocks of refined petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand especially for the diesel-like fuels used in manufacturing and freight transportation. The result has been a surge in prices refiners receive for selling […]
Power Grid Operators Warn Of Potential Electricity Shortages Amid Transition To Clean Energy
Power Grid Operators Warn Of Potential Electricity Shortages Amid Transition To Clean Energy Power-grid operators across the US warn that power-generating capacity struggles to keep up with demand, a worrying sign ahead of summer where heatwaves could lead to rolling blackouts. The Midcontinent Independent System Operator, or MISO, operating in 15 states across the US […]
The age of dissonance
The age of dissonance As the surplus energy available to the economy declines, so the number of things that we can do in theory but can no longer do in practice will grow. This is the inverse of the technological efficiencies won in the course of three centuries of industrialisation – the peak of which […]
Digging In: Why powering a green future means more mines
Digging In: Why powering a green future means more mines “It’s absolutely ironic. But to save the planet, we are going to need more mines.” Government geoscientist Around Australia new mining operations are being established and old sites, shuttered decades ago, are being brought back to life. These miners aren’t digging for coal or gold, […]
US Gas Prices Soar As Europe And Asia Scramble For LNG
US Gas Prices Soar As Europe And Asia Scramble For LNG U.S. gas prices have surged to the highest level in real terms since the financial crisis in 2008 as strong demand for LNG from buyers in Europe and Asia puts pressure on inventories. Front-month futures for gas delivered to Henry Hub in Louisiana are […]
Whispers of the Fall
Whispers of the Fall It’s been sixteen years now since I first started posting these weekly essays to the internet. Though I didn’t originally intend them to focus on the crisis of industrial society, that theme was impossible for me to evade, and I soon gave up trying; there was too much that had to […]
The Next Energy Crisis with Dr. Anas Alhaggi
The Next Energy Crisis with Dr. Anas Alhaggi
An Economic ‘Atomic Bomb’: Hungary Threatens EU’s Latest Sanctions Against Russia, Including Oil Embargo
An Economic ‘Atomic Bomb’: Hungary Threatens EU’s Latest Sanctions Against Russia, Including Oil Embargo The European Union’s ban on Russian oil is in jeopardy Friday after Hungary’s Prime Minister Viktor Orban rejected proposals as too costly and too swift for the country to implement, marking a potentially lethal blow to the bloc’s plans to wean […]
Will the world ever reach peak crude production of November 2018 again? (part 1)
Will the world ever reach peak crude production of November 2018 again? (part 1) According to EIA data global crude & condensate production peaked in November 2018 at 84.5 mb/d. The peak was short-lived: 2 months above 83 mb/d plus 3 months above 84 mb/d while the average for the remaining months was 82.2 mb/d. […]
Will You Starve to Death This Year?
Will You Starve to Death This Year?
Russia’s Oil Output Is Plummeting, And It May Never Recover
Russia’s Oil Output Is Plummeting, And It May Never Recover Russia’s oil output is plummeting, and the decline is expected to worsen in May. OPEC recently warned that markets could see the loss of more than 7 million barrels per day of Russian oil and other liquids exports. With many global producers constrained in their […]
Dawn of Everything Conclusion
Dawn of Everything Conclusion Preface. Clearly for their conclusion to make sense you’ll need to read the book and see the evidence for yourself. Since they challenge just about all of the ideas currently in fashion, you can find some pretty damning reviews of their book, but do not believe them, the several I’ve read […]
U.S. East Coast Diesel Supply Is Running on Fumes
U.S. East Coast Diesel Supply Is Running on Fumes The horizon south of the Statue of Liberty is interrupted by the silhouettes of several oil-tank farms. New York harbor is the home of Wall Street and financial wizardry, but it’s also the place where old-school oil traders still buy and sell refined petroleum products the […]
