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Peak-Oil Fears Cast Shadow Over US Supply Outlook as Costs Climb
Peak-Oil Fears Cast Shadow Over US Supply Outlook as Costs Climb (Bloomberg) — The specter of peak oil that haunted global energy markets during the first decade of the 21st century is once again rearing its head. Major US oil producers are warning that production from one of the fastest growing sources of supply appears […]
California went big on rooftop solar. Now that’s a problem for landfills
California went big on rooftop solar. Now that’s a problem for landfills Solar panels purchased for home use under incentive programs many years ago are nearing the end of their life cycle. Many are already winding up in landfills. (Jim Cooke / Los Angeles Times) California has been a pioneer in pushing for rooftop solar power, […]
Oil turbulence could last five years, ExxonMobil boss warns
Oil turbulence could last five years, ExxonMobil boss warns Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said Tuesday, citing under-investment and the coronavirus pandemic. Energy markets have been roiled by the Ukraine war as Russia has reduced some exports and faced sanctions while Europe […]
U.S. Midwest may have summer power shortages for years
U.S. Midwest may have summer power shortages for years June 10 (Reuters) – The power grid operator in the Central United States warned on Friday that problems it may experience keeping the lights on this summer could also occur during the summers of 2023, 2024 and beyond. The region’s grid operator, Midcontinent Independent System Operator […]
Truckers warn skyrocketing diesel prices are making US supply-chain and trucking industry unsustainable
Truckers warn skyrocketing diesel prices are making US supply-chain and trucking industry unsustainable Truck passes sign at Flying J Truck Stop in Pearl, Miss., in April. The trucking industry offsets diesel prices through a fuel surcharge, which is calculated through a base rate that is usually added to a shipper’s freight bill.AP Photo/Rogelio V. Solis […]
Pioneer CEO Sheffield Warns U.S. Shale Is Unable to Grow Much More
Pioneer CEO Sheffield Warns U.S. Shale Is Unable to Grow Much More (Bloomberg) — U.S. shale lacks the capacity to come to the rescue of consumers battling sky-high energy prices with much more crude production, says the boss of the Permian Basin’s biggest oil explorer. Only OPEC countries like Saudi Arabia and the United Arab […]
Exclusive: Sea Shepherd founder warns destruction of planet ‘out of control’
Exclusive: Sea Shepherd founder warns destruction of planet ‘out of control’ Sea Shepherd founder Captain Paul Watson has warned human destruction of ecosystems is “out of control” and impacting us as a species. “This is not about saving planet Earth,” he said in an exclusive interview with Yahoo News Australia. “This is about saving ourselves from […]
Forget Peak Oil Demand, Supply Crisis Could be Hitting First
Forget Peak Oil Demand, Supply Crisis Could be Hitting First In today’s IEA’s annual World Energy Outlook 2020 report, the OECD energy watchdog states that it doesn’t see a peak oil demand before 2040, only a possible oil demand flattening. The energy agency repeats that oil demand is effected by COVID, but all scenarios show that oil […]