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Updated: 2 min 22 sec ago

Living in the New Depression

2 hours 7 min ago
History repeats itself in many ways, but oftentimes the parallels we seek to draw from past events are not so neatly drawn. How we got into the New Depression; what it means to you and your lifestyle and how long it will last are very relevant questions, and for perhaps the first time in history, be...
Categories: Peak Oil

Pakistan facing bankruptcy

2 hours 38 min ago
Pakistan's foreign exchange reserves are so low that the country can only afford one month of imports and faces possible bankruptcy. Officially, the central bank holds $8.14 billion (£4.65 billion) of foreign currency, but if forward liabilities are included, the real reserves may be only $3 billio...
Categories: Peak Oil

Army unveils new Stability Operations manual

2 hours 43 min ago
The commanding general of the United States Army Training and Doctrine Command, Gen. William S. Wallace, unveiled new Army doctrine today, Oct. 6, at the annual meeting of the Assoc. of the U. S. Army in Washington. The new stability operations manual, Field Manual 3-07, puts stability operations in...
Categories: Peak Oil

Bill McKibben - Meltdown: A global warming travelogue

4 hours 18 min ago
For a long time - the first 15 years that we knew about global warming and did nothing - there were no pictures. That was one of the reasons for inaction. Climate change was still "theoretical," the word that people in power use to dismiss anything for which pictures do not exist. It is ...
Categories: Peak Oil

Energy's Future in Latin America

4 hours 24 min ago
New Study by Bracewell & Giuliani and Business News Americas Forecasts Region's Prospects and Challenges WASHINGTON (BUSINESS WIRE) -- Peak oil in Latin America is less than 10 years away; energy integration, nuclear power plants, and large-scale renewable power generation are necessities to e...
Categories: Peak Oil

Oil tumbles to 10-month low below $88

4 hours 57 min ago
NEW YORK (CNNMoney.com) -- Oil prices tumbled below $88 a barrel Monday, nearly a 10-month low, as banking turmoil in Europe exacerbated fears that a global economic slowdown will crimp demand for oil and gas. Crude prices were also pushed lower by a stronger U.S. dollar and weakness in world stock...
Categories: Peak Oil

The Borg: A Financial Allegory

5 hours 31 sec ago
The Borg is a hive-like hybrid swarm of humanoid species, turned partially robotic. They are distinctly goal oriented towards “assimilation” of all other humanoids and press themselves relentlessly with the creepy mantra “Resistance is futile.”...
Categories: Peak Oil

Shanghai highrises could worsen threat of rising seas

6 hours 3 min ago
SHANGHAI (Reuters) - Shanghai, China's most populous city and an aspiring global financial center, is also among the world's most vulnerable urban areas to a rise in sea levels as global warming melts polar ice. Its location on a low-lying alluvial plain near the mouth of Asia's longest river, the...
Categories: Peak Oil

Four Crises of the Contemporary World Capitalist System

7 hours 19 min ago
... The final and perhaps greatest crisis is that of the availability and distribution of such critical resources as oil, food, and water. The sustainability of human life is simply not consistent with inherently wasteful capitalist growth. The International Energy Agency’s World Energy Outlook tel...
Categories: Peak Oil

Commodities R.I.P. as Leverage Vanishes, Growth Slows

7 hours 53 min ago
(Bloomberg) -- Commodities markets are heading for the biggest annual decline since 2001 as investors exit leveraged bets and slowing economic growth erodes demand for raw materials. The value of the 19 commodities in the Reuters-Jefferies CRB Index fell $280.6 billion, or 43 percent, from its July...
Categories: Peak Oil

Depression may form in Mexico's Bay of Campeche - NHC

8 hours 30 min ago
NEW YORK (Reuters) - A low pressure system in the oil-rich Bay of Campeche in the southwest Gulf of Mexico has a 20 percent to 50 percent chance of developing over the next 48 hours, the U.S. National Hurricane Center said in a report Monday. Mexico's biggest oil field, the Cantarell Field, is loc...
Categories: Peak Oil

Reliant to Review Options After Losing Half Its Value

9 hours 29 min ago
(Bloomberg) -- Reliant Energy Inc., the owner of power plants in nine U.S. states, said it will explore strategic alternatives after losing more than half of its market value last week. Morgan Stanley and Goldman, Sachs & Co. will serve as financial advisers for the review, which will look at a...
Categories: Peak Oil

Russia's warships head for exercise with Venezuelan navy

10 hours 12 min ago
Russia displayed its military strength in the Mediterranean yesterday after warships heading to Venezuela passed through the Strait of Gibraltar in the second deployment of Russian naval vessels in the waterway since the Cold War. The nuclear-powered missile cruiser Peter the Great, accompanied by ...
Categories: Peak Oil

Look out, Oregon, for a global warming land rush

11 hours 26 min ago
The prediction caused a collective grimace among the mayors, city councilors, engineers and planners in the audience. By 2060, a Metro economist said, the seven-county Portland area could grow to 3.85 million people -- nearly double the number here now. Then Lorna Stickel, a planner with the Portla...
Categories: Peak Oil

Look out, Oregon, for a global warming land rush

11 hours 26 min ago
The prediction caused a collective grimace among the mayors, city councilors, engineers and planners in the audience. By 2060, a Metro economist said, the seven-county Portland area could grow to 3.85 million people -- nearly double the number here now. Then Lorna Stickel, a planner with the Portla...
Categories: Peak Oil

Oil falls below $90 as financial turmoil spreads

12 hours 17 min ago
Oil prices fell to an eight-month low below $90 a barrel Monday on speculation that the spreading financial crisis will exacerbate a global economic slowdown and cut demand for crude oil. Significant gains by the U.S. dollar against the euro also contributed to slumping oil prices....
Categories: Peak Oil

Tinge of green as China becomes top polluter

16 hours 7 min ago
The latest tally of greenhouse-gas emissions blamed for warming the world shows that China has emerged as the top polluter, ahead of the United States, by an increasingly big margin.As recession and the credit crisis in the West crimp lending and investment in relatively expensive alternative energy...
Categories: Peak Oil

India: Overseas uranium hunt intensifies

16 hours 10 min ago
The government has gone into overdrive in helping Indian companies acquire stakes in overseas uranium mining entities, at a time when India has forged closer ties in nuclear energy with the US. Indian mining firms, both state-owned and private, are being helped by Indian embassies abroad to identif...
Categories: Peak Oil

Renewal Energy Initiatives in West Africa

16 hours 13 min ago
Africa is endowed with an abundant and wide range of energy resources—both renewable and non-renewable. The region’s renewable energy potential includes biomass, solar, and wind resources. The region has over 1.1 million GWh of exploitable hydro capacity, and over 9,000 MW of geo...
Categories: Peak Oil

UK: Charities put ministers in the dock over energy poverty

16 hours 17 min ago
Help the Aged and Friends of the Earth will launch a high court judicial review today to force the government to stand by promises made in 2000 to eradicate fuel poverty and help millions of households facing a winter of burgeoning gas and electricity bills. The charities said the government was l...
Categories: Peak Oil