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Tag Archives: fossil fuels
Tomgram: Michael Schwartz, Israel, Gaza, and Energy Wars in the Middle East
Tomgram: Michael Schwartz, Israel, Gaza, and Energy Wars in the Middle East Talk of an oil glut and a potential further price drop seems to be growing. The cost of a barrel of crude now sits at just under $60, only a little more than half what it was at its most recent peak in June 2014. Meanwhile, […]
THE YEAR THE DAM OF DENIAL BREAKS – READY FOR THE FLOOD?
THE YEAR THE DAM OF DENIAL BREAKS – READY FOR THE FLOOD? This is the year the “dam of denial” will break and the momentum for climate action will become an unstoppable flood. It will be messy, confusing and endlessly debated but with historical hindsight, 2015 will be the year. The year the world turned, primarily […]
WAR & PETROLEUM RESERVES
WAR & PETROLEUM RESERVES In the interest of analytical balance, we would do well to consider the possibility of war strategies when it comes to the global stockpiling of petroleum reserves. In the years leading up to the German invasion of Poland, the world witnessed dramatic decreases in the price of oil as well as […]
Fracking Bust Deepens, Sets Records
Fracking Bust Deepens, Sets Records The fracking bust that is following the phenomenal fracking boom is deepening relentlessly, week after week, and there is still no respite in sight. Drilling activity peaked in October last year, when 1,606 rigs were drilling for oil, with a four-month lag behind oil prices. But by October it was clear […]
Is There Any Hope Left For Nuclear Energy?
Is There Any Hope Left For Nuclear Energy? Can nuclear help avoid the worst effects of climate change? The International Energy Agency recently provided a roadmap for nuclear power, detailing how the technology could help keep global temperature increases within a 2-degree scenario. According to the IEA report, between 2015 and 2050 total installed nuclear power […]
Fossil fuel divestment campaign grows as protesters target UK banks
Fossil fuel divestment campaign grows as protesters target UK banks With Britain’s big five banks investing £66bn in fossil fuel extraction, campaigners believe pressure is building on banks to sell off toxic assets At least 1,400 UK customers are set to move their accounts in protest at their banks’ multibillion-pound funding of the fossil fuel industry. The […]
What Kinder Morgan is Keeping Secret About its Trans Mountain Spill Response Plans
What Kinder Morgan is Keeping Secret About its Trans Mountain Spill Response Plans Kinder Morgan, the company currently seeking permission to nearly triple the capacity of the Trans Mountain pipeline to carry Albertan crude to the west coast, has engaged in a protracted fight with the province of British Columbia in an effort to keep its […]
Christophe McGlade on who gets left with the unburnable carbon
Christophe McGlade on who gets left with the unburnable carbon Christophe McGlade is a research associate in energy materials modelling at the UCL Institute for Sustainable Resources. He recently co-authored, with Paul Ekins, a paper called “The geographical distribution of fossil fuels unused when limiting global warming to 2°C”, a paper whose stark call to leave the […]
Arthur Berman: Why Today’s Shale Era Is The Retirement Party For Oil Production
Arthur Berman: Why Today’s Shale Era Is The Retirement Party For Oil Production A leading geologist delivers the hard facts As we’ve written about often here at PeakProsperity.com, much of what’s been ‘sold’ to us about the US shale oil revolution is massively over-hyped. The amount of commercially-recoverable shale oil is much less than touted, […]
‘Fighting for the Places We Love’: A Vision for the Climate Battles to Come
‘Fighting for the Places We Love’: A Vision for the Climate Battles to Come Ahead of upcoming Global Divestment Day, a conversation between author Naomi Klein and 350.org executive director May Boeve CD editor’s note: The following conversation between Naomi Klein and May Boeve took place as an online webinar hosted by 350.org last week in advance of […]
Why Oil Won’t Go Below $40
Why Oil Won’t Go Below $40 When I made my energy predictions for 2015, I made some very aggressive predictions. Perhaps the most aggressive was that the closing price of West Texas Intermediate would not fall below $40/barrel (bbl) in 2015. Why do I consider this a particularly aggressive prediction? Because on the day I made […]
THE WORLD AFTER CHEAP OIL
THE WORLD AFTER CHEAP OIL Rauli Partanen, Harri Paloheimo, and Heikki Waris Reviewed by Frank Kaminski Toward the end of this book, its authors make an astute, if self-deprecating, observation about its potential merits. They’ve been discussing how innate human biases cause us to make cognitive errors when trying to make sense of world crises. […]
U.S. Supply Growth To Halt This Summer
U.S. Supply Growth To Halt This Summer Everyone knows it by now but the growth in domestic US oil production has been truly astonishing. Spurred on by high oil prices and easy credit, oil companies in Texas and North Dakota have been drilling like crazy and the result has been an inexorable rise in US […]
Oil-led deflation can be good, bad or ugly
Oil-led deflation can be good, bad or ugly Not all deflation is the same. In this case, cheaper oil wears the white hat — for now When you fill up your car with cheap gas, there’s a group of economists who just hate it. That’s because in many parts of the world the biggest worry for economic […]
Keystone XL Pipeline Could Result In Higher Emissions After All, EPA Says
Keystone XL Pipeline Could Result In Higher Emissions After All, EPA Says WASHINGTON – Canada’s ambassador to the U.S. likes to joke that he walks around Washington carrying a copy of the State Department report on the Keystone XL pipeline tucked in his jacket pocket. That’s how critical that document has been to the pipeline […]
