U.S. Streaks Past Saudi Arabia as World’s Largest Oil Producer Breitbart News The United States surpassed all other countries this year with daily crude oil and other petroleum liquids reaching 11 million barrels per day (mbd). Since the beginning of 2011, U.S. liquid fuels grew by more than 4 mbd, including 3 mbd of crude…
Read More about News updateEbola: Uncharted territory for a system in overshoot Mary Odum, Prosperouswaydown.com We are in uncharted territory with the Ebola virus disease (EVD). This pandemic signifies a turning point for society in response to peak oil, highlighting the problem of globalization for a planet of 7 billion people. We have lost control of a deadly outbreak, and our responses to…
Read More about News updateCould Fighting Global Warming Be Cheap and Free? Paul Krugman, The New York Times In his latest column, well-known NYT columnist Krugman attacks, among others, the Post Carbon Institute, a leading think tank on Peak Oil and Climate Change, as wrong-headed and inducing “climate despair”. In a piece titled Paul Krugman’s Errors and Omissions the Post Carbon Institute’s Richard…
Read More about News updateGreenhouse Gas Pollution Sees Fastest Rise From The Scientific American Despite some recent regional reductions in greenhouse gas emissions in the United States and other industrial nations, the total concentration of greenhouse gases in the atmosphere continues its upward march at an unprecedented rate, the World Meteorological Organization has announced. Stand by for the ‘megadroughts’,…
Read More about News updateTrader Who Scored $100 Million Payday Bets Shale Is Dud From Bloomberg News Andy Hall, who was once awarded a $100 million trading bonus, has not seen his good fortune carry over to his bet on shale. How Did Oil Make a Comeback? Michael T. Klare, The Nation Just five years ago, experts were predicting…
Read More about News updateLimits to Growth was right. New research shows we’re nearing collapse From The Guardian The 1972 book Limits to Growth, which predicted our civilisation would probably collapse some time this century, has been criticised as doomsday fantasy since it was published. Research from the University of Melbourne has found the book’s forecasts are accurate, 40 years…
Read More about News updateIf We Release a Small Fraction of Arctic Carbon, ‘We’re Fucked’: Climatologist From Vice.com Recently, scientists have made a disturbing discovery in the Arctic Ocean: They saw “vast methane plumes escaping from the seafloor,” as the Stockholm University put it in a release disclosing the observations. The plume of methane—a potent greenhouse gas that traps…
Read More about News update(Editor’s note: Rumours of another global economic meltdown has been doing the rounds of online forums for at least couple of years now, but of late there seems to be a spike in the commentary warning about such a possibility. Commentators offer different reasons for why this might happen, but what’s pertinent is that most…
Read More about News updateAmid Global Turmoil, Oil Prices Surprisingly Stable From Forbes Magazine The world has entered a zone of maximum upheaval. From the Atlas Mountains of North Africa to the Hindu Kush, in Afghanistan, the Middle East is in flames. The destruction of a Malaysian airline over Ukraine, almost certainly shot down by Russian-backed separatist rebels, threatens…
Read More about News updateThe oil industry’s fake abundance story From Kurt Cobb’s Resource Insights blog We now have nearly an entire population in the United States and nearly an entire media establishment that believes that oil is abundant–not because of the objective facts, but because of the oil industry’s highly successful public relations campaign, a campaign that is…
Read More about News updateThe Peak Oil Crisis: Iraq on the Precipice From Oilprice.com ISIS now has control of one of three major refineries in Iraq which supplies the motor fuel and oil for power stations for the northern part of Iraq. Let’s assume, however, that before this year or next is out, Iraqi oil exports drop substantially as…
Read More about News updateIraq crisis: India braces for Rs 20,000 cr hole in budget as oil could rise to $120 per barrel From Firtsbiz.com India’s government sees oil prices going as high as $120 per barrel for three to four months because of fighting in Iraq, potentially driving a hole of at least Rs 20,000 crore ($3.4 billion)…
Read More about News update‘The Cause Is Us’: World on Verge of Sixth Extinction By Andrea Germanos, Commondreams.org A new study published in the journal Science has shown that human activity has driven current rates of species extinction to 1,000 times faster than the natural rate. “This important study confirms that species are going extinct at a pace not…
Read More about News updateHow Climate Change is Going To Affect India By Nidhi Jamwal, Yahoo India A new set of reports by UN’s Intergovernmental Panel on Climate Change point to the rising incidence of freak weather occurrences, and the very real impact of these on our lives. Of course we’ve all heard of global warming, but here’s how…
Read More about News updateIndia’s growth model is a disaster Sam Tranum wears many hats. He is a journalist, novelist and teacher. He is an MA in international relations from the University of Chicago and has spent time in India, Kyrgyzstan, Turkmenistan and many other parts of the globe teaching, working and researching on energy issues. His latest work, Powerless:…
Read More about News updateClimate change a threat to security, food and humankind – IPCC report The report from the UN’s intergovernmental panel on climate change concluded that climate change was already having effects in real time – melting sea ice and thawing permafrost in the Arctic, killing off coral reefs in the oceans, and leading to heat waves,…
Read More about News updateNasa-funded study: industrial civilisation headed for ‘irreversible collapse’? A new study sponsored by Nasa’s Goddard Space Flight Center has highlighted the prospect that global industrial civilisation could collapse in coming decades due to unsustainable resource exploitation and increasingly unequal wealth distribution. Noting that warnings of ‘collapse’ are often seen to be fringe or controversial, the study…
Read More about News update‘If Peak Oil Is Dead, Why Haven’t Prices Dropped?’ Steve Andrews of the Association for the Study of Peak Oil & Gas, USA interviews Dr. Richard G. Miller who recently co-authored and co-edited The Future of Oil Supply (see item below), a thematic issue of Philosophical Transactions of The Royal Society entirely devoted to future world oil supply. Dr. Miller, trained…
Read More about News updateUS Army colonel: world is sleepwalking into a global energy crisis A conference sponsored by a US military official convened experts in Washington DC and London warning that continued dependence on fossil fuels puts the world at risk of an unprecedented energy crunch that could inflame financial crisis and exacerbate dangerous climate change. From Guardian Earth…
Read More about News updateIndia’s Dangerous Food Bubble Lester Brown, an expert on population and resources and a former consultant to the Government of India on its five year plans, writes on India’s looming food crisis. According to him, while the adoption of higher-yielding crop varieties and the spread of irrigation have led to a remarkable tripling of grain…
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