The Peak Oil Crisis: An Electric Car in Your Future?

Every now and again some good news shows up, so this week I am going to share it with you. It has to do with electric-powered cars. Now hybrids have been on the market for a decade or so and modern battery-only models for about three years. While the hybrids are selling pretty well, sales […]

Abiotic Oil, the 4th Renewable Resource

The myth of fossil fuels and peak oil has been a part of the North American lifestyle for almost 100 years.  Beginning first in the schools, children are anxious for an education but instead are indoctrinated to believe this deception.  As a student grows up they hear the same message propagating through governments, media and […]

Saudi Aramco, Saudi Arabia’s national oil company, has had its Twitter hacked

Saudi Aramco, the national oil company of Saudi Arabia, has had its official Twitter account compromised by hackers. Not only have the hackers replaced Saudi Aramco’s logo with a picture of the Heath Ledger’s portrayal of “The Joker” from the film “The Dark Knight” Batman movie, but they have also tweeted a series of messages […]

BP CEO: ‘Peak oil’ talk quieted by abundance

HOUSTON – BP CEO Robert Dudley said booming oil-and-gas production from sources including onshore shale formations and deepwater regions has defeated arguments that global oil production will soon peak and go into an irreversible decline. Dudley, in a speech, noted projections of overall global demand energy growing by over a third by 2030, including the […]

Olive Oil Shortage: Prices Soar As Effects Of Devastating Drought Hit Marketplaces

  A global olive oil shortage looms as the effects of last year’s drought, which affected Spain and areas in Southern Europe, begin to hit the marketplace. In 2013, Spain may see as much as a 60 percent drop in olive harvest yields from last year, from 1.6 million to 700,000 tons. This will have […]

US Plots Conquest of Venezuela in Wake of Chavez’ Death

US corporate-financier funded think-tank, the American Enterprise Institute (AEI), declared in its “post-Chávez checklist for US policymakers,” that the US must move quickly to reorganize Venezuela according to US interests. Upon its checklist were “key demands”: The ouster of narco-kingpins who now hold senior posts in government The respect for a constitutional succession The adoption […]

Russian Leader Demands Investigation of Chavez’ Death

Russian Communist Party head Gennady Zyuganov today demanded an international investigation into the death of Venezuela’s Hugo Chavez, claiming it was “far from a coincidence” that six leaders of Latin-American countries who had criticized the U.S. simultaneously fell ill with cancer. Hugo Chavez. Image: Wikimedia Commons “How did it happen that six leaders of Latin […]

Think This Can’t Happen Where You Live? Think Again…

Throughout history, bankrupt governments in decline almost ALWAYS fall back on a time-tested playbook. This includes imposing controls on EVERYTHING– wage and price controls, trade controls, capital controls, border controls, people controls. Everything. And this idea goes back to the dawn of human civilization. The Third Dynasty of Ur in ancient Mesopotamia, for example, built […]

Qatari emir buys six Greek islands

Hamad bin Khalifa Al Thani pays €8.5m for Ionian retreats for family with seller happy to strike deal after 18 months of red tape The suitor is one of the world’s wealthiest men; the location happens to be the eurozone’s poorest country. But in an unlikely coming together of economic circumstances, the emir of Qatar, […]

The necessary transition to a new economy

Even Forbes is jumping on the bandwagon of the “sharing economy” with a recent article on AirBnB. This closely follows Van Jones’s CNN article about the “sharing economy,” but the push to transform our broken economy isn’t just about sharing, though; it isn’t even just about renewable energy, energy efficiency, public transportation, and the other […]

Humanity is not a plague on earth

The world population is not exploding out of control. In fact, it is slowing down. In January, David Attenborough, an internationally renowned host of nature documentaries, revealed how disconnected he is from nature. Mankind, he recently warned, is a “plague on the earth.” He said, “Either we limit our population growth or the natural world […]

Saudi Aramco Committed to Oil Exports to US, Al-Falih Says

Saudi Arabian Oil Co., the world’s largest oil exporter, is “committed” to exports to the U.S. market, Khalid Al-Falih, the company’s chief executive officer, said today at the IHS CERAWeek conference in Houston. Saudi Aramco, as the company is known, will supply crude to the U.S. market because many of the refineries on the Gulf […]

Daniel Yergin Talks About the Impact of Venezuela’s Hugo Chavez

Daniel Yergin, vice chairman of IHS and author of “The Prize: The Epic Quest for Oil, Money & Power,” said high oil prices made Chavez’s presidency possible. “It’s too soon to say what Hugo Chavez’s death means for oil prices, but it is certainly true that oil prices are what made Hugo Chavez possible. ‘‘The […]

Chavez death brings uncertainty, hope to oil patch

Venezuela’s oil production is poised to reverse a dramatic decline that has seen exports fall by nearly half during Hugo Chavez’s time as president. Following Chavez’s death Tuesday, Venezuela, which is a member of OPEC and sits on the world’s second-largest oil reserves, faces near-term political uncertainty that could bring further turmoil to its oil […]

Venezuelan Leader Hugo Chavez Dies

Venezuelan President Hugo Chavez, who went from a young conspiratorial soldier who dreamed of revolution to the fiery anti-U.S. leader of one of the world’s great oil powers, died March 5 in Caracas of complications from an unspecified cancer in his pelvic area. He was 58 and had been president since 1999, longer than any […]

Will the Unconventional Revolution be a Global One?

Global demand for energy will increase an estimated 40 percent by 2030, according to some research agencies, but ExxonMobil forecasts that natural gas demand will grow by 55 percent between 2005 and 2030. With this increasing demand for energy, the global tight oil race has kicked-off with many industry leaders feeling that the unconventional revolution […]

Microbes Thriving Deep Within the Earth

Every living thing from bacteria to President Barack Obama is made of carbon from exploding stars. Billions of years ago, motes of carbon and other stardust formed the Earth. Carbon is the basis of all life but most vanished deep inside the planet, researchers now believe. And surprisingly, life thrives inside the rocky layers kilometres […]

Why Environmentalists are Wrong on Keystone XL

If not for the US government’s latest demonstration of incompetence that played out at the end of last week (a.k.a. sequestration), the top news story might have been a report issued by the US State Department late Friday. The report was the Draft Supplementary Environmental Impact Statement (SEIS) for the Keystone XL Pipeline project, and […]

The Soul Of Community, By Carolyn Baker

People use drugs, legal and illegal, because their lives are intolerably painful or dull. They hate their work and find no rest in their leisure. They are estranged from their families and their neighbors. It should tell us something that in healthy societies drug use is celebrative, convivial, and occasional, whereas among us it is […]

Economic Fascism and the Power Elite

The state—the organization of the political means—is the institution that allows an idle, unproductive class of parasites to live at the expense of ordinary, working people, whose means are industrious activity and consensual exchange in the marketplace. We ought not assume, however, that the indigent segment of society, those who receive social welfare aid from […]

America’s Oil And Gas Billionaires

No one has made a greater fortune from the North American Oil and Gas Boom than Harold Hamm. The founder and CEO of Continental Resources is responsible for cracking the code of the Bakken — the vast formation of oil-bearing rock that sits beneath much of North Dakota and Montana. With his 72% ownership stake […]

Is the Theory of ‘Peak Oil’ Dead?

Yet another voice has questioned the theory of “peak oil,” which posits future scarcity, rising prices, and economic collapse due to the lack of precious fuels that drive the global economy. Under this theory the rate of petroleum extraction will crest and then commence “an immutable decline…as demand for this finite resource permanently exceeds supply.” […]

The World No Longer Needs Raw Materials To Grow

It would appear from the chart below, that the world, in its infinitely capable manner, has not only managed to create ‘wealth’ from thin air, but can ‘expect’ growth in the future with no apparent impact on the price of the raw materials that will be needed to create that growth. Unless, of course, the […]

Clock Runs as Obama Faces Pressure for Strike on Iran

U.S. Vice President Joe Biden said there remains “time and space” for diplomacy to avert military action to prevent Iran from becoming a nuclear weapons power. Still, the pressure on President Barack Obama’s administration to move toward military action is growing as Iran advances its uranium enrichment capabilities, and U.S. lawmakers, Israel and Persian Gulf […]

Alaska Gas Supply Not Enough for Exports

ConocoPhillips (COP) may cease shipments of liquefied natural gas from the U.S.’s only export terminal in Alaska because of insufficient local supply. The company, whose export license expires March 31, will apply for a renewal only if there is enough gas at its Kenai plant in south-central Alaska after meeting local demand, Amy Burnett, a […]

Orlov: Where There’s No Government

Excerpt from The Five Stages of Collapse Modern societies rely on the government to defend property rights, enforce contracts and regulate commerce. As the economy expands, so do the functions of government, along with its bureaucratic structures, laws, rules and procedures and—what expands fastest of all—its cost. All of these official arrangements show an accretion […]

12 Things That Just Happened That Show The Next Wave Of The Economic Collapse Is Almost Here

Are we running out of time?  For the last several years, we have been living in a false bubble of hope that has been fueled by massive amounts of debt and bailout money.  This illusion of economic stability has convinced most people that the great economic crisis of 2008 was just an “aberration” and that […]

Working on the railroads

The rapid increase of North American crude production has resulted in pipeline bottlenecks in some areas, forcing more reliance on rail transportation to access some of the highest-value markets, said analysts with PIRA Energy Group in New York. President Obama in his second inaugural speech called for a $50 billion upgrade of the US transportation […]

David Frum: ‘Peak oil’ doomsayers proved wrong

Remember “peak oil”? Five years ago, some oil market speculators became convinced that the world was nearing the limits of oil production. Sometime soon — the 2010s? the 2020s? — oil production would begin a long steady decline. Think again. World oil production continues to rise. Leading the oil renaissance: the United States. The International […]

Shell Predicts that Natural Gas or Solar will Become the No. 1 Energy Source

Royal Dutch Shell (NYSE: RDS.A) has just released new forecasts for its ‘New Lens Scenarios’ program, which aims to predict how current business decision and policies may unfold over time and affect the markets in the future. Peter Voser, the CEO of Shell, explained that the scenarios “highlight the need for business and government to […]

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