This is a guest post by Megan Quinn Bachman. The failure of the Copenhagen climate talks taught us one thing—that hoping for intelligent responses to climate change from the world’s governments is an exercise in futility. It’s just not going to happen in time. But my disappointment in government leaders in the U.S. and elsewhere is matched by my admiration … Read More

Crude oil prices varied during the session Wednesday after the US Energy Information Administration said that oil inventories were up 1.4 million barrels last week to 343 million barrels, not as much as the 2.1 million barrel gain which had been expected. Prices rose and fell and by afternoon trade in New York April contracts for

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This is a guest post by Richard Heinberg. It is a shortened version of a longer post published by the Post Carbon Institute. What if the economy doesn’t recover? In 2008 the U.S. economy tripped down a steep, rocky slope. Employment levels plummeted; so did purchases of autos and other consumer goods. Property values crashed; foreclosure and bankruptcy rates bled. … Read More

Oil King Warns Of ‘Green Bubble’ It’s Ghawar that is of utmost interest to the industry. The biggest oilfield ever found, it has been producing for five decades, often putting out more than 5 million bpd, a level that Aramco has been able to maintain by injecting millions of barrels a day of water into the field to push up … Read More

Chevron, which is the second biggest US oil company, announced today it is looking for a buyer for its refinery in Pembrokeshire. The oil giant, which owns the Texaco filling stations brand, is allowing up to two years for the sale but has told Sky News today that it could not rule out shutting the plant

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Shopping malls, those bastions of American consumerism, have not been immune to the recent economic downturn. In a recent piece by our own Greg Lindsay, we looked at the impending decline of the mall, which is part of the “single-use environment” category of real estate development that will slowly disappear over the next thirty years, according to one developer. But … Read More

This is a guest post by Brian Gordon . If employment is inversely proportional to oil prices (it is), and oil prices are only going to trend up…then employment by necessity is going down. Because oil is so fundamental to our economy, oil price increases ripple through the entire economy. Take food as an example: current factory farming methods are … Read More

Where’s Weird Al when you need him? The curly locked spoofmeister could have hit Jay-Z and Alicia Keys’ “Empire State of Mind” out of the park, but instead, we’re being treated to “The New Dork: Entrepreneur State of Mind.” It’s a blatant bid at a viral video from Pantless Knights, the makers of the popular “Mac or PC” rap . … Read More

Shell’s discounted bid for Arrow reflects the present world oversupply of gas The bid and Arrow’s decision to take it seriously despite the price discount reflect the much more complicated outlook for gas in the wake of the global financial crisis, and after the development of technology that is capable of doubling the world’s gas reserves. There is an awful … Read More

Amazon is slowly stirring itself into action by improving its Kindle e-reader, just as I suggested it ought to if it’s going to compete with the iPad and other tablet PCs . The first move: Improving the shoddy Web-browsing experience on the device. We know Amazon is working on this thanks to a job opening in the company’s Kindle division … Read More