Energy Bulletin

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Building a world of resilient communities
Updated: 9 weeks 5 days ago

The Problem with EIA Shale Gas and Tight Oil Forecasts

3 April 2018 - 10:47am

Given an analysis of play fundamentals based on current drilling data, there is no credible basis for the highly to extremely optimistic forecasts offered by the EIA. Actual production is likely to be far less. Assuming the EIA forecasts are accurate in a long-term energy plan is likely to end very badly.

Categories: Peak Oil news

Stunning Drops in Solar, Wind Costs Mean Economic Case for Coal, Gas is ‘Crumbling’

2 April 2018 - 1:20pm

Prices for solar, wind, and battery storage are dropping so rapidly that renewables are increasingly squeezing out all forms of fossil fuel power, including natural gas.

Categories: Peak Oil news

Peak Oil Review: 2 April 2018

2 April 2018 - 11:35am

After an up-and-then-down week, oil and gas markets closed slightly higher Thursday ahead of the Easter holiday weekend. All major U.S. and European stock exchanges and markets were closed Friday for Good Friday, which coincides with the Passover holiday that starts Friday at sundown.

Categories: Peak Oil news

Climate Science – Jet Stream

30 March 2018 - 1:56pm

In this ninth part of our mini-series on climate science, we turn to one of the key suspects in extreme weather events we have experienced in recent years—the shifting shape of the North Atlantic jet stream.

Categories: Peak Oil news

Study Predicts Major Expansion of Offshore Wind along Atlantic coast

28 March 2018 - 1:21pm

Almost every state along the Atlantic coast — 12 out of 14 — has offshore wind potential that exceeds its current electricity needs, according to a new study. Bringing the electricity generated by offshore Atlantic wind farms ashore could help meet future electricity demand created by activities — transportation and the heating of homes and businesses — that are currently powered by gasoline, natural gas, and other fossil fuels.

Categories: Peak Oil news

The World in 2018 – Part Four

28 March 2018 - 12:15pm

In the modern world, our perceptions of reality are largely shaped by economic and financial considerations, and our policy conversations are largely built around intellectual categories and evaluative criteria that pertain to the economics discipline. Yet a long-term view shows that ‘The world in 2018’ is in a significantly different place than what economists typically claim, and than what many of us want to believe.

Categories: Peak Oil news

Richard Heinberg on Sustainable Nation Podcast

27 March 2018 - 3:35pm

Richard Heinberg joins Sustainable Nation to discuss:

The current state of energy and its contributions to the climate crisis
The shale gas and tight oil bubble
Community resiliency
The transition to a fossil fuel free future
Recommendations and advice for sustainability leaders

Categories: Peak Oil news

Peak Oil Review: 26 March 2018

26 March 2018 - 2:42pm

The most significant news driving the oil markets last week came from Washington, where major policy and personnel shifts drove the markets down and up last week. Crude posted its biggest weekly gain since July on Friday as President Trump changed his national security team, fueling speculation sanctions on Iran will be re-imposed.

Categories: Peak Oil news

Energy Asset

26 March 2018 - 11:46am

A new possibility for near-term abatement involves heat/cool energy, the only type of consumption that’s unaffected by growing demand for electronic technology. In addition to cutting carbon, less air conditioning also cuts the use of chlorinated refrigerants.

Categories: Peak Oil news

Fossil Fuels are the Problem, Say Fossil Fuel Companies Being Sued

23 March 2018 - 1:05pm

This appears to be the core of the oil companies’ strategy. First, believe everything the IPCC says. Second, the IPCC says the real problem is prosperity, economic growth! Therefore, blame the ones burning the oil — all we did was dig the stuff up.

Categories: Peak Oil news

The Big Story: Can We Change Civilization by Changing Its Origin Story?

23 March 2018 - 12:42pm

The “oil curse” refers to a long-studied phenomenon in which states that adopt petroleum as a significant foundation of their economy tend toward dictatorship. Of the top ten oil producing countries in the world, nine are oligarchies.

Categories: Peak Oil news

New Study Gives 150 Million Reasons to Reduce Carbon Emissions

21 March 2018 - 8:02pm

Taking serious action on climate change now could mean saving hundreds of millions of lives across the globe, according to a new study published in Nature Climate Change on Monday by researchers at Duke University.

Categories: Peak Oil news

Speeding Down a Dead End Road

20 March 2018 - 10:19am

Since the birth of car culture more than a century ago, lavish consumption of energy has not been a bug but a feature. That’s now a feature we can ill afford, as we attempt the difficult and urgent task of transition to renewable energies.

Categories: Peak Oil news

Peak Oil Review 19 March 2018

19 March 2018 - 11:13pm

Oil prices closed on Friday at $66.21 in London and $66.34 in New York.  Prices are about in the middle of the trading range where they have been since mid-February.  

Categories: Peak Oil news

Don’t Confuse Peak Oil And The Peak Oil Debate

27 February 2018 - 5:29pm

In the past five years of writing about energy one of my favorite observations has been that people get into trouble because they “confuse Peak Oil and the Peak Oil Debate.” In other words, they confuse what Peak Oil IS and what Peak Oil MEANS.

Categories: Peak Oil news

Peak Oil Review: 26 February 2018

27 February 2018 - 11:56am

After a $7 a barrel fall between late January and mid-February, oil prices have rebounded by about $4.50 a barrel and are now in the $63-67 range. Both major oil price benchmarks, WTI and Brent, saw the second straight week of gains.

Categories: Peak Oil news

Cornucopian Renewable-Energy Claims Leave Poor Nations in the Dark

26 February 2018 - 11:52am

Billions of people around the world need more energy than they can afford, while billions of others can buy far more energy than is required to meet their needs. Global 100-percent renewable scenarios are based on these distortions…

Categories: Peak Oil news

Is Volatility in Oil Price on the Way, Again?

23 February 2018 - 12:33pm

A consistent theme in my articles is the charts reveal that economic disruptions, such as ructions in the stock market, tend to follow periods of marked instability in the price of oil, and further, that the economy at large appears to be acutely sensitive to sudden changes in the cost of energy – as mirrored by the longest lines on the chart above.

Categories: Peak Oil news

Stunning New Research Finds Fracking a Major Source of Carbon Pollution in Pennsylvania

22 February 2018 - 11:42am

The evidence is now overwhelming that natural gas is not part of the climate solution, it is part of the problem. A new study finds that the methane escaping from Pennsylvania’s oil and gas industry “causes the same near-term climate pollution as 11 coal-fired power plants.”

Categories: Peak Oil news

New Study Questions Impact of Ending Fossil Fuel Subsidies

20 February 2018 - 3:01pm

Ending the world’s fossil fuel subsidies would reduce global CO2 emissions by 0.5 to 2.2 gigatonnes (Gt) per year by 2030, a new study says. The research, published by Nature, concludes that the removal of subsidies would lead to bigger emissions reductions in oil and gas exporting regions…

Categories: Peak Oil news