U.S. Slashes Marcellus Shale Reserves

It is getting hard to believe the government’s energy reserve estimates, at least as they apply to America’s “100 years of natural gas” from shale. The United States Geological Survey (USGS) just issued a report estimating that the Marcellus Shale contains undiscovered natural gas resources of about 84 trillion cubic feet (TCF). That is one-fifth […]

Why Oil Prices Will Likely Stay High

After tumbling recently, crude oil prices rebounded last week. Are oil prices going to march higher again, or drop back to more “reasonable” levels? And what is reasonable to expect after crude oil’s already impressive 30 percent surge higher this year? I believe crude oil prices are likely to stay high. They may even go […]

Peak Cheap Oil

The included link will launch a 30 minute presentation given by Erik Townsend at the 9th Annual ASPO Conference held April 27 – 29 in Brussels, Belgium. ASPO is the Association for the Study of Peak Oil & Gas. ASPO is a non-profit organization of scientists who have an interest in defining the date and […]

Things Will Unravel Faster Than You Think

We are not on the path to economic recovery despite what the government and main stream media want us to believe. There are potentially catastrophic financial events coming in the near future that have been caused by underlying structural weaknesses in our economy have not been resolved. The kick-the-can-down-the-road plan is going to encounter a […]

Does Peak Oil matter?

An environmental blog looks at the cost of production for oil from various sources in a post – Does Peak Oil Even Matter?. In summary of their post – “Peak Oilers have always pointed out that we will never run out of oil, it will just get a lot more expensive. And when it does, […]