The solar industry is positively booming in the U.S. The annual installation of solar systems rose from 1.265 megawatts in 2008 to 4.75 gigawatts in 2013. From nowhere, America has emerged as the third-largest market for solar. Installers are carpeting the nation’s deserts, parking lots, and rooftops with polysilicon panels...
In any case, what we’re witnessing in the Middle East — apparently unbeknownst to the newspapers and the cable news orgs — is what happens in extreme population overshoot: chaos, murder, economic collapse. The human population in this desolate corner of the world has expanded on the artificial nutriment of oil profits, which have allowed governments to keep feeding their people, and maintaining an artificial middle class to work in meaningless bureaucratic offices where, at best, they do nothing and, at worst, hassle their fellow citizens for bribes and payoffs.
There is not a nation on earth that is preparing intelligently for the end of oil — and by that I mean 1) the end of cheap, affordable oil, and 2) the permanent destabilization of existing oil supply lines. Both of these conditions should be visible now in the evolving geopolitical dynamic, but nobody is paying attention, for instance, in the hubbub over Ukraine. That feckless, unfortunate, and tragic would-be nation, prompted by EU and US puppeteers, just replied to the latest trade sanction salvo from Russia by declaring it would block the delivery of Russian gas to Europe through pipelines on its territory. I hope everybody west of Dnepropetrovsk is getting ready to burn the furniture come November. But that just shows how completely irrational the situation has become… and I stray from my point.
Several speakers at last month's annual EIA Energy Conference in Washington, DC reminded the audience that energy security extends beyond oil, starting with Maria van der Hoeven, Executive Director of the International Energy Agency (IEA).
According to Russia's RIA Novosti, citing business daily Kommersant, Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO), accepting payment in Chinese yuan for the transfers. Meaning Russia will export energy to either Europe or China, and receive payment in either Rubles or Yuan, in effect making the two currencies equivalent as far as the Eurasian axis is conerned, but most importantly, transact completely away from the US dollar thus, finally putin'(sic) in action the move for a Petrodollar-free world.
This week's U.S. air strikes in northern Iraq are being accompanied with an undertow of "it's all about oil" talk. Take for example, Columbia School of Journalism Dean Steve Coll's observation in the New Yorker, that "Obama's defense of Erbil (capital of the semiautonomous Kurdish region) is effectively the defense of an undeclared Kurdish oil state." It's no secret that Iraqi Kurdistan has an abundance of oil reserves, nor that U.S. oil companies, like San Ramon's Chevron Corp., are busy exploring there. Chevron has three "production sharing contracts" with the Kurdish government, covering a combined 444,000 acres, north of Irbil, where it's in the early testing and drilling stage. And it likes what it sees.
Despite having one of the best solar regimes in the world, Africa is still a trivial player in the global solar market. Less than 1.5 percent of the trade in solar came to Africa last year, and most of those solar panels were bound for South Africa.
This is a guest post by David Archibald The Imminent Peak in US Oil Production The seven years of production of tight oil in the US has produced enough data to enable estimation of the amount of oil that will … Continue reading →