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Could The World Really Run Out Of Oil?
Could The World Really Run Out Of Oil? Stop staring at your gains from the energy stocks for a second here. Take a seat in a nice quiet place and ask yourself this one really simple question: if oil demand continues to grow at ~1 million b/d for the next 8-10 years, where is the […]
Has the World Gone Mad?
Has the World Gone Mad? Understanding the crisis in Ukraine from a peak resource perspective No, this war is not (just) about getting Ukraine’s resources. Other political ambitions aside, this one is more about the rest of Europe loosing its energy carriers, together with its political power — and stability. It is no wonder that […]
The Revolt of the Imagination, Part Two: No More Secondhand Futures
The Revolt of the Imagination, Part Two: No More Secondhand Futures In a post here two weeks ago I discussed the disastrous failure of imagination on the part of the industrial world’s governing classes. Since then—well, let’s just say that for connoisseurs of elite cluelessness, it’s a target-rich environment out there. We’ll choose one such […]
Imperialism in bright green
Imperialism in bright green The human ability to disconnect from and deny geopolitical reality lies at the heart of the “green” net-zero project. Most obviously, those – like the current UK Prime Minister – who claim victories along the road to the Nirvana of net-zero must maintain blindness to the way in which the UK […]
Dennis Meadows on the 50th anniversary of the publication of The Limits to Growth
Dennis Meadows on the 50th anniversary of the publication of The Limits to Growth Only rarely does a book truly change the world. In the nineteenth century, such a book was Charles Darwin’s On the Origin of Species. For the twentieth century, it was The Limits to Growth. Not only did this best-selling 1972 publication help spur the environmental […]
Russia Warns Of “Brave New World” Of Higher Gas Prices After Germany Halts Nord Stream 2
Russia Warns Of “Brave New World” Of Higher Gas Prices After Germany Halts Nord Stream 2 Update (0900ET): Europe’s energy crisis deepened Tuesday as Germany halted the process of certifying the Nord Stream 2 natural gas pipeline. Putin’s right hand man, Dmitry Medvedev responded to German Chancellor Olaf Scholz’s comments about the certification of the controversial […]
Oilfield Approval Off Newfoundland Coast Would Undercut Climate Commitments, Harm Biodiversity, Experts Warn
Oilfield Approval Off Newfoundland Coast Would Undercut Climate Commitments, Harm Biodiversity, Experts Warn Berardo62/flickr Anxiety is running high in Newfoundland and Labrador as the province waits on a federal decision about a proposed offshore oil project about 500 kilometres east of St. John’s. Equinor’s Bay du Nord project would open a fifth oilfield for the […]
Power: Introduction
Power: Introduction This is an excerpt from Power: Limits and Prospects for Human Survival (2021) by Richard Heinberg; posted with permission from New Society Publishers. Read more in this series. One might think that everything that could possibly be written on the subject of power already has been. There are thousands of tomes that discuss subjects related to power […]
Today’s Contemplation: Collapse Cometh XL
Today’s Contemplation: Collapse Cometh XL Tulum, Mexico (1986) Photo by author The Road Not Taken Two roads diverged in a yellow wood, And sorry I could not travel both And be one traveler, long I stood And looked down one as far as I could To where it bent in the undergrowth; Then took the […]
Nuclear Power Is No Solution For the World’s Energy Problems
NUCLEAR POWER IS NO SOLUTION FOR THE WORLD’S ENERGY PROBLEMS Nuclear power is no solution to the world’s energy problems. Not even close. It’s important for electric power but electric power is not even 40% of the world’s energy supply—nor is it expected to increase much over the next 30 years. IEA projects that nuclear […]
Why Isn’t U.S. Shale Production Soaring?
Why Isn’t U.S. Shale Production Soaring? With oil prices threatening to break $100 this year, many observers are confused by the lack of a U.S. shale boom. The major reason that U.S. shale companies are reluctant to boost production at all costs is that they need to keep shareholders happy first and foremost. Other issues […]
Falling oil inventories is what matters, not geopolitics: Eric Nuttall
Falling oil inventories is what matters, not geopolitics: Eric Nuttall Video: https://www.bnnbloomberg.ca/video/falling-oil-inventories-is-what-matters-not-geopolitics-eric-nuttall~2382581?fbclid=IwAR35n9dgxwTWlZkX2bEYyy72SOGJR0eQM3MkFzRENmj9S8oDz0xkI9XfP8o Oil prices are retreating as tensions between Russia and Ukraine ease and investors grow more concerned about an Iran nuclear deal, so what does it all mean for the oil market long-term? Eric Nuttall, partner and senior portfolio manager of Ninepoint Partners, joins […]
The Mineral Supply Crisis That’s Rarely Talked About
The Mineral Supply Crisis That’s Rarely Talked About
Oil Executives: Higher Energy Prices Are Here To Stay
Oil Executives: Higher Energy Prices Are Here To Stay Big oil executives expect that higher energy prices are here to stay. Underinvestment in new production is seen as one of the driving factors behind higher energy prices in the mid-term. Low global inventories and limited spare production capacity are driving crude prices in the short […]
