According to PeakOil.com, the seven largest oil companies of the Western world — ExxonMobil, Shell, BP, Chevron, Total, ConocoPhillips and Eni —have seen their oil output decline by 12.4 percent between 2009 and 2013. According to the IEA, if total world oil supply has risen from 85.66 million barrels per day in 2009 to 91.53 […]
Big Oil is getting smaller Read More »
Here are good news, as according to Grist : ” The Arctic will be safe from drilling efforts by accident-prone Shell this year, and the oil company says it is reconsidering its very future in the region.” ” (…) The company announced on Thursday that it won’t pursue exploratory drilling in the Arctic this year,
Shell to keep from drilling the Arctic one more year Read More »
Dear visitors, readers and subscribers. Today, January 2nd, this humble blog turns SEVEN. As this is the first 2014 post, I would like to wish you and your loved ones a happy, healthy and sustainable year 2014 ! I have tried from day one to bring you a selection of the latest news and best
Happy and sustainable 2014 ! (Starting season 8) Read More »
According to TreeHugger, ” a Ford representative is saying that they are “going to be aggressive rolling [stop-start] out”. As we have seen previously, such innovation enable cars to stop automatically their engines when not moving. Such a simple system could cut the oil consumption by ten percent for urban driving while only costing around
Ford to boost start-stop systems Read More »
With shale oil and other extreme oil sources, many think peak oil is dead, or at least is not threatening our economies. But this couldn’t be more wrong. The historic average oil prices are of $25. Current prices are above $110 a barrel. Five years ago, they were less than half of that. As the
Is Peak Oil real ? Yes, and it is here Read More »
Sometimes you have to cover the bad news. To Climate Progress : ” Ecuador is abandoning an innovative plan that would have protected the Amazon rainforest from oil drilling due to lack of support from other nations “ Their original idea was to avoid drilling there by receiving money from wealthy nations that would have
Ecuador to drill in the Amazon Read More »
Fossil fuels are making less and less sense as renewable energies are becoming cheaper and cheaper and as climate change is becoming more and more serious. This is even more the case since we’ll have to leave most of it buried. The Guardian, the Financial Times and the Economist published compelling articles on a new
Investors : beware of the carbon bubble Read More »
Last week on Cleantechies, an article caught my attention. Titled ” What if We Never Run Out of Oil? “. The article made me think and I have to say I got quite mad at it as it is promoting fossil fiels just because they they are abundant. They might be, and they can be considered
Fossil fuels are abundant. So what ? Read More »
Years ago I was often reading The Oil Drum, a great website dedicated to oil and other energy issues. Years later, the website still provides great content and I am glad to have read one of their latest posts : Our Energy Predicament in Charts. This post is an excellent introduction to energy issues for
A primer on our current energy predicament Read More »
Yes, you read that right. According to a new report from the International Monetary Fund, governments around the world are giving in direct and indirect aids up to 1,900 billion USD ( 1,500 billion euros ) to fossil fuels subsidies each year. This total to 2.5 percent of global GDP. More importantly, ending those subsidies
Global fossil fuels subsidies total $1.9 Trillion Read More »
