Energy Policy

Lightering our way to abundance

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One promising sign of a bottom to oil prices is the move by oil companies and Wall Street firms to secure tankers in which to store oil in order to play the contango in the oil market. By leasing a tanker and filling it with oil purchased at the current low price while simultaneously selling it on the futures market for delivery later this year at a significantly higher price, they can generate considerable profit–enough to pay for the costs of storage on the high seas and take home handsome paychecks to boot.

Reality Report: Talking with Richard Heinberg about the Green New Deal (transcript added)

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The global crises of 2008 all relate to growth in debt, pollution and consumption reaching their limits, but will the incoming Obama administration recognize the new reality? This show discusses “Energy Realism and the Green New Deal” with Richard Heinberg of The Post Carbon Institute. Hear what message Post Carbon Institute is presenting to the incoming U.S. President.

Peak Moment 130: Oil and Gas — The Next Meltdown?

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Drawing parallels with the current financial meltdown, Matthew Simmons, the CEO of Simmons & Company International, expresses his alarm about gasoline stocks being the lowest in several decades and refinery production down following recent hurricanes. He warns that if there were a run on the “energy bank” by everyone topping off their gasoline tanks, the U.S. would be out of fuel in three days, and grocery shelves largely emptied in a week.