Kurt Cobb wrtites: According to scientists, we are amidst the Sixth Great Extinction, caused by human activity. If you consider that the broader world with which we interact has millions of species of which we’re not aware of, we could easily cause an organism essential to our survival to go extinct without even realizing it.
Kurt Cobb writes: It used to be that oil prices and economic growth were somewhat like distant cousins who disliked each other rather than a happily married couple always seen nuzzling together in public. Nowadays, as the oil price dips into the low $40 range again and global economic growth weakens simultaneously, we must re-evaluate.
Kurt Cobb writes: Hubbert is much maligned and much praised these days. But he is perhaps not well understood. Mason Inman’s compelling biography gives us all a chance finally to understand this scientific giant and the context within which he spawned insights on the future of energy that continue to be central to our lives.
The Guardian reports: Investors face a “cataclysmic year” where stock markets could fall by up to 20% and oil could slump to $16 a barrel, the Royal Bank of Scotland have warned. In a note to clients, it said: “Sell everything except high quality bonds. This is about return of capital, not return on capital.”
Kurt Cobb, Resource Insights As the world mourns those who died in Paris last week in a killing spree for which the Islamic State in Iraq and Syria (ISIS) has claimed responsibility, reporters and commentators have been discussing the motivations behind the attacks. I’m not sure that any so far has considered whether one can
5 reasons why Tibet’s melting ice is a disaster for India, Europe and US Nihar Gokhale, Catch News Did you know that rivers originating in Tibet’s glaciers supply water to 1.3 billion people? That’s equivalent to the entire population of India. But these glaciers are fast disappearing due to global warming. Tibet’s sustainability is crucial
Parliamentary Standing Committee rejects TSR Subramanian report on environmental laws Down to Earth A Parliamentary Standing Committee (PSC) rejected a high-level committee (HLC) report that reviewed various Acts administered by the Ministry of Environment, Forests and Climate Change (MoEF&CC). The committee precisely noted that some of the essential recommendations made by the HLC “would result
Continued destruction of Earth’s plant life places humans in jeopardy Science Daily Unless humans slow the destruction of Earth’s declining supply of plant life, civilization like it is now may become completely unsustainable, according to a paper published recently by University of Georgia researchers in the Proceedings of the National Academy of Sciences. “You can think
G7 leaders bid ‘Auf Wiedersehen’ to carbon fuels Reuters Leaders of the world’s major industrial democracies resolved on Monday to wean their energy-hungry economies off carbon fuels, marking a major step in the battle against global warming that raises the chances of a U.N. climate deal later this year. The Group of Seven’s energy pledge
G7: End of fossil fuel era? BBC News The G7 has called for a transformation of electricity generation towards renewables and nuclear by 2050. And they said fossil fuel should not be burned in any sector of the economy by the end of the century. Their targets are not binding – but they send a clear message
It’s Official: Global Carbon Levels Surpassed 400 ppm for Entire Month Common Dreams Marking yet another grim milestone for an ever-warming planet, the National Oceanic and Atmospheric Administration revealed that, for the first time in recorded history, global levels of carbon dioxide in the atmosphere averaged over 400 parts per million (ppm) for an entire
Alice In Shale Gas Wonderland Julian Darley It is hard to know where to begin regarding Ambrose Evans-Pritchard’s article entitled “Energy crisis is postponed as new gas rescues the world.” But since the speculative world he invokes has more to do with Alice In Wonderland than the hard reality of engineering and science, let us
California Drought Tests History of Endless Growth The New York Times For more than a century, California has been the state where people flocked for a better life — 164,000 square miles of mountains, farmland and coastline, shimmering with ambition and dreams, money and beauty. It was the cutting-edge symbol of possibility: Hollywood, Silicon Valley,
Green energy: Unrealistic targets Pandurang Hegde, Deccan Herald Recently the Minister of Power, Coal and Renewable Energy Piyush Goyal reassured the commitment of the Central government in achieving the target of 1,75,000 MW of green energy by 2022. The performance of green energy projects needs to be assessed in the light of ground level experiences
Could India’s Coal Plans Derail the Global Climate? Tobias Engelmeier, The Energy Collective If India were to grow its electricity system based on coal (as China has done), would it derail the global climate? According to our calculations, under a “coal-heavy” scenario, India would need to increase is coal-fired power generation capacity from the 156
Goldilocks Is Dead Richard Heinberg Five years ago I wrote an article for Reuters titled “Goldilocks and the Three Fuels.” In it, I discussed what I call the Goldilocks price zone for oil, natural gas, and coal, a zone in which prices are “just right”—high enough to reward producers but low enough to entice consumers.
What is Saudi Arabia not telling us about its oil future? Kurt Cobb, Resource Insights What if the Saudis are acting now to undermine U.S. and Canadian oil production because they realize that Saudi production will soon reach a peak? What if the Saudis fear that energy efficiency, fuel substitution (say, toward natural gas), and
Commodities crash: Bad news for the world economy, but is anyone listening? Kurt Cobb Reading the general run of financial headlines might lead one to believe that price declines in those commodities which are highly sensitive to economic conditions such as iron ore, copper, oil, natural gas, coal, and lumber are good on their face… Food
OPEC Chief Claims Oil Could Rebound to $200 a barrel Oilprice.com OPEC’s secretary-general says the 7-month-old plunge in oil prices finally may have bottomed out and may be ready to rise again. In fact, Abdullah al-Badri hypothesized that a decision by his cartel to cut production conceivably could lead to oil at $200 a barrel.
“He who laughs has not yet heard the bad news.” – Bertolt Brecht (Editor’s Note: As a necessary corrective to the unbridled optimism of the mainstream media, here’s a selection of forecasts for 2015 by some of the most insightful alternative voices on world politics, energy and the economy. For those in a hurry, here’s a one-line