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Gail Tverberg: The Coming Energy Depression
Gail Tverberg: The Coming Energy Depression The math is straightforward, but cruel As most PeakProsperity.com readers know, we fully agree with the statement: Energy is THE master resource. Without it, nothing can get done. Energy analyst and professional actuary Gail Tverberg returns to the podcast this week to revisit the global energy outlook. And fair warning, Gail warns […]
Here is what’s holding back China’s plans for world domination
Here is what’s holding back China’s plans for world domination Australia may be the worlds largest exporter of coal, sending out 388 million tons in 2015, but China’s production of coal the same year was 3,747 million tons — nearly ten times as much, and nearly half of global coal production. But the Chinese coal […]
Everyone cutting coal use except for most of the world and most of the banks
Everyone cutting coal use except for most of the world and most of the banks The situation with our most hated energy asset Australia’s big four banks are fighting over themselves to turn down the chance to profit from coal loans and tell the world. Months ago, Westpac went on a low-coal diet, declaring like […]
“Super Critical” Coal Shortage Sends India Scrambling For NatGas
“Super Critical” Coal Shortage Sends India Scrambling For NatGas Big disappointment in the global natural gas industry this week, with majors Total and Eni coming up largely dry in a much-anticipated well offshore Cyprus. But elsewhere things are turning extremely bullish for natgas. With one of the world’s fastest-emerging energy consumers scrambling to get all […]
China: Is peak coal part of its problem?
China: Is peak coal part of its problem? The world’s coal resources are clearly huge. How could China, or the world in total, reach peak coal in a timeframe that makes a difference? If we look at China’s coal production and consumption in BP’s 2016 Statistical Review of World Energy (SRWE), this is what we see: Figure 1. China’s […]
Can the world go all-electric?
Can the world go all-electric? Recently, word leaked out that Norway may ban the sale of diesel- and gasoline-powered vehicles by 2025. The move toward electric vehicles is part of a dream shared by those concerned about climate change and about fossil fuel depletion (especially oil depletion), namely, to turn the world into one big all-electric […]
As Drought Grips South Africa, A Conflict Over Water and Coal
As Drought Grips South Africa, A Conflict Over Water and Coal Facing one of the worst droughts in memory, South Africa’s leaders have doubled down on their support of the water-intensive coal industry. But clean energy advocates say the smartest move would be to back the country’s burgeoning wind and solar power sectors. Until a ferocious […]
End Of An Era: Peabody Declares Bankruptcy
End Of An Era: Peabody Declares Bankruptcy In a sign of the times, the world’s largest private sector coal miner just went bankrupt. The St. Louis-based Peabody Energy Corp. warned a month ago that it was considering filing for Chapter 11 bankruptcy, and on Wednesday they made it official. Peabody’s mines will continue to operate uninterrupted […]
Oregon says yes to coal-free electricity
Oregon says yes to coal-free electricity The Oregon legislature has adopted a first-in-the-nation plan to phase out electricity from coal, a major source of climate-changing greenhouse gases. The state’s environmental community had been gearing up for a ballot initiative this year that would have forced the state’s utilities to abandon coal as a fuel for electricity. But negotiations between […]
On Burning Ground: The Human Cost Of India’s Push to Produce More Coal
On Burning Ground: The Human Cost Of India’s Push to Produce More Coal Girls scavenge coal at a dump site of an open-cast mine in the Jharia coalfield. View gallery. Daniel Berehulak/Getty Images As part of India’s modernization program, Prime Minister Narenda Modi has called for doubling the nation’s coal production by 2020. For the villages in […]
America’s Top Shale Gas Basin in Decline
America’s Top Shale Gas Basin in Decline The natural gas drilling frenzy is grinding to a halt, as the industry struggles with excess supply. Natural gas prices have plunged to their lowest levels in more than a decade this month, dipping below $1.80 per million Btu (MMBtu). The shale gas revolution is an old story […]
Coal Mining’s Financial Failures: Two Thirds of World’s Production Now Unprofitable
Coal Mining’s Financial Failures: Two Thirds of World’s Production Now Unprofitable Sixty-five percent of the world’s coal production is unprofitable at today’s prices, a new research report by Wood Mackenzie, a commercial intelligence company often cited by investment analysts and the coal industry itself, concluded. Both major types of coal — the coking coal used for […]
Coal CEO Thanks Lamar Smith, Asks Him to Expand Probe of Climate Scientists
Coal CEO Thanks Lamar Smith, Asks Him to Expand Probe of Climate Scientists In recent remarks Robert E. Murray, the chief executive officer of Murray Energy, the largest privately-held coal mining company in America, enthusiastically praised Rep. Lamar Smith, R-Tex., the chairman of the House Committee on Science, Space and Technology, for leading an investigation into […]
End of Coal? Tyee’s Climate Reporter on Paris Predictions
End of Coal? Tyee’s Climate Reporter on Paris Predictions Geoff Dembicki talks tipping points, clean energy and, yes, if we’re screwed. Bon voyage, Geoff! On Friday, long-time Tyee sustainability reporter Geoff Dembicki will set out for Paris, where he’ll be on the ground covering the United Nations climate change conference. The 29-year old reporter, who […]
