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News from May 2014

Mike Ruppert’s Story Part 14: Spinning Out of Control

Mike Ruppert’s Story Part 14: Spinning Out of Control thumbnail

After leaving the US in rage, sealing the deal by writing his Burning Bridge article, Mike was forced to face the possibility that he’d made a mistake. Owning up to mistakes was not new to him.  AA had taught him that to do so was honorable so he apologized more frequently and fully than most people, whether for an editorial inaccuracy […]


Unconventionals and Deepwater Can Co-Exist

Unconventionals and Deepwater Can Co-Exist thumbnail

Unconventional resources’ rapid growth in North America has grabbed the attention of exploration and production companies both stateside and globally, with many diversifying their portfolio between conventional exploration programs and unconventional resource projects. However, as the enthusiasm for onshore shale play increases, the debate of how the industry should best allocate their capital seems to […]


Ukraine Unrest Escalates, Violence Spreads

Ukraine Unrest Escalates, Violence Spreads thumbnail

UBS Wealth Management Regional CIO, Asia-Pacific Pu Yonghao discusses the latest violence in Ukraine, its impact on investors and Portugal’s exit from the EU bailout program with John Dawson, Andrew Davis, Mia Saini and Rishaad Salamat on Bloomberg Television’s “Asia Edge.”


How Fracking Is Exposing People to Radioactive Waste

How Fracking Is Exposing People to Radioactive Waste thumbnail

There isn’t a lot of good news about fracking lately. Another train with volatile fracked crude oil from North Dakota’s Bakken Shale exploded in Lynchburg, Virginia igniting a ball of fire on the surface of the James River. Accidents involving these “bomb trains” are becoming commonplace. So are recent studies indicating serious health risks from […]


Nuclear inspectors to visit Iranian sites

Nuclear inspectors to visit Iranian sites thumbnail

International nuclear inspectors will visit two sites in Iran in the coming days, the country’s official news agency reported Sunday, as an official said that would fulfill a series of demands made by the United Nations nuclear watchdog. The demands by the International Atomic Energy Agency, which Iran was required to meet by May 15, […]


How Soon Will the World Oil Production Peak?: A Hubbert Linearization Analysis

How Soon Will the World Oil Production Peak?: A Hubbert Linearization Analysis thumbnail

In this informal paper, I conduct Hubbert Linearization exercises on the world’s 11 topoil producers as well as the rest of the world. The results are used to project the world oilproduction in the future. The evidence presented in this exercise suggests that the world oil production may peakin 2018 or a few years later. […]


‘Oil war’ is brewing

‘Oil war’ is brewing thumbnail

In the ongoing battle of wits, Russia and the West are out – oiling their energy arsenals – to achieve strategic objectives. In this rather crowded geopolitical chess board, with both sides bent upon using their energy assets, who is going to have the last hurrah remains a big if. The West seems to be […]


Orlov: Statecraft or Witchcraft?

Orlov: Statecraft or Witchcraft? thumbnail

What has the US State Department been doing in Ukraine? It has been busy, and has succeeded in pushing the hapless nation, left destitute by 22 years of freedom and democracy oligarchy, to the brink of civil war. (Keep in mind, Russia came close to collapsing altogether by just nine years of freedom and democracy […]


Colorado faces oil boom “death sentence” for soil, eyes microbe fix

Colorado faces oil boom “death sentence” for soil, eyes microbe fix thumbnail

Colorado’s intensifying oil and gas boom is taking a toll on soil — 200 gallons spilled per day seeping into once-fertile ground — that experts say could be ruinous. The state’s approach has been to try to compel companies to excavate and haul the worst muck to landfills. But with support from state regulators, oil […]


The Case for Lower Oil Prices

The Case for Lower Oil Prices thumbnail

Here’s a puzzle: The U.S. is producing the most crude oil in decades, domestic stockpiles are at record highs, yet oil prices are near $100 barrel. What’s keeping prices aloft? The first piece of the puzzle is the way the U.S. prices its oil. The U.S. benchmark, known as West Texas Intermediate, or WTI, is […]


Mike Ruppert’s Story Part 12: Blogreaders Weigh In

Mike Ruppert’s Story Part 12: Blogreaders Weigh In thumbnail

News of Mike’s flight to Venezuela had become public in August, with Carolyn Baker’s description of the days leading up to his departure.  That, along with Michael Kane’s account of the same period, makes interesting reading in light of Mike’s final exit on April 13 of this year. Since the blog had been assuming a […]


Why Ukraine & Qatar Are Critical Solar Energy Hubs

Why Ukraine & Qatar Are Critical Solar Energy Hubs thumbnail

  Solar may be a small portion of energy production globally but the importance in geo-politics continues to grow. All energy usage may be local, when a homeowner plugs in their cell phone charge into the wall but when it comes to energy production, it is anything but local. Looking at the recent trouble in […]


Economists back increase in US oil, gas exports

Economists back increase in US oil, gas exports thumbnail

Whether to allow more exports of U.S. oil and natural gas has become a matter of political debate in Washington. But to economists, the answer is clear: The nation would benefit. The vast majority of economists surveyed this month by The Associated Press say lifting restrictions on exports of oil and natural gas would help […]


“We Are Essentially At War” Ukraine Admits, After Dozens Killed

“We Are Essentially At War” Ukraine Admits, After Dozens Killed thumbnail

The Kremlin said yesterday it was receiving “thousands” of pleas for help from Ukraine, warning that it could not control pro-Russian separatists in the country and now required help to resolve the worsening violence. As Russian troops continued to conduct exercises near the Ukrainian border and the US Secretary of State, John Kerry, demanded the […]


Peak Oil: What’s Their Plan C?

Peak Oil: What’s Their Plan C? thumbnail

Given that shale oil production is, in fact, currently doing the most to meet growing oil demand, any shale oil ‘bust’ is likely to have significant implications for an already-strained oil market. [1] While there’s some (strained) logic to the efforts of fossil fuel industry officials and their spokespeople to do nothing but offer the […]


How Iran Became One of the World’s Most Futuristic Countries

How Iran Became One of the World’s Most Futuristic Countries thumbnail

When we think about futurism, often we imagine cutting-edge technologies like bionic arms or weather machines for colonizing Mars. But if we really want to make it for another few centuries, we’re going to need something that Iran has already got. To understand Iran’s breakthrough, we need to go back in time to 1993, when […]


Massive oil discovery claimed offshore Angola

Massive oil discovery claimed offshore Angola thumbnail

Cobalt International says find may be largest ever off the coast of the OPEC member. Early results from a program off the coast of Angola show there may be as much as 700 million barrels of oil in the region, Cobalt International Energy said.Cobalt, through a partnership with national and international energy companies, released results […]


On The Edge Of War: The Latest Russian And Ukraine Troop Movements

On The Edge Of War: The Latest Russian And Ukraine Troop Movements thumbnail

If Putin needed a pretext to finally drive across the Ukraine border, he got it today following first the death of nearly 40 pro-Russian protesters in Odessa during a confrontation between pro-Russia and pro-Kiev forces, and then, what appears to be a storming in progress right now by the Ukraine national guard of yet another […]


Gas: Rational Exuberance

Gas: Rational Exuberance thumbnail

Twenty-five years ago this month, the Hennessy Gas Utility Index Fund (GASFX) was established by the American Gas Association’s Finance Committee. During the past 25 years, GASFX has seen significant growth from $25 million in assets to $1.5 billion. Earnings per share and dividend returns have historically been between 3 and 5 percent and are […]


As the world’s population grows, are we borrowing from mankind’s future?

As the world’s population grows, are we borrowing from mankind’s future? thumbnail

Environmental apostles are only too ready to tell us what is wrong with society. But they go mum over the subject of people — specifically, too many people. Doug Struck Author Alan Weisman. One need not drill very far into any given assault on the environment to find an explanation in the world’s hurtling population. […]


A short introduction to Peak Oil

A short introduction to Peak Oil thumbnail

We need to transition the community away from fossil fuels! This is a message we hear often today, too often according to some. But still, it seems to progress slowly. Climate negotiations stalled in Copenhagen and since then not much has happened on the scene of world politics. People generally seem not interested enough to […]


Proven Reserves, IOCs and Other News

Proven Reserves, IOCs and Other News thumbnail

Not much new data to report this past week but I did try to hammer out a few things of interest. The EIA released their Crude Oil Production report for the US and individual states with data through February 2014. I combined Montana and North Dakota to show their production. Their combined production was 1,027 […]


This Is What Tent Cities Will Look Like After Peak Oil

This Is What Tent Cities Will Look Like After Peak Oil thumbnail

Expand This tent could one day be your home. It will provide you with shelter from the elements, food, energy, and purified water. Meet the Urban Algae Canopy — perfect for all your environmental apocalypse needs. Expand This prototype is the brainchild of Italian design firm Carlo Ratti Associati, and were previewed during last month’s […]


Has US oil consumption decreased because of peak oil?

Has US oil consumption decreased because of peak oil? thumbnail

Since 2008, U.S. oil consumption has declined by more than 20 percent, giving peak-oil theorists their confirmation — world crude oil production is decreasing. And no matter how much U.S. production increases, everyone will feel the squeeze in the face of rising international oil prices. It is really hard to argue against this. After all, […]


Oil Fracking: How far are we willing to take it and at what cost?

Oil Fracking: How far are we willing to take it and at what cost? thumbnail

If you took away all the oil and natural gas we use day to day, our lives would look vastly different. From taking hot showers to driving to work, oil dependence is real. In 2013 alone the total liquid fuel consumption in the U.S. rose by 400 billion barrels per day. In 1987 California hit […]


The Peak Oil Crisis: Revisiting Natural Gas

The Peak Oil Crisis: Revisiting Natural Gas thumbnail

A couple of months back I noted that the U.S. was burning through the stocks of natural gas we store in underground caverns at an unprecedented rate. These are the stocks that provide a buffer so that when the 50 percent of us that heat with natural gas turn on our furnaces each fall there […]


Mike Ruppert’s Story Part 11: Apprentice Devils

Mike Ruppert’s Story Part 11: Apprentice Devils thumbnail

     The reason Mike felt impelled to confess the burundanga episode had to do with an event that had taken place back home.    FTW subscribers used to get news updates on a daily basis, if memory serves.  One afternoon we opened the email to find a long account, supposedly from Mike, describing his […]


War Looms Closer: Ukraine Helicopters Shot Down

War Looms Closer: Ukraine Helicopters Shot Down thumbnail

The military response to remove pro-Russian separatists from government buildings in Slavyansk has prompted fears of retaliation from Russia. From Russia Today: The Ukrainian army has begun a special operation against pro-autonomy activists in the eastern town of Slavyansk. The city is now blockaded by the Ukrainian military, with 20 helicopters reportedly deployed to crack down […]


Peak Oil: What’s A Few Hundred Billion $$ ?

Peak Oil: What’s A Few Hundred Billion $$ ? thumbnail

[I]f crude oil had not peaked and the price of oil remained at around $25 per barrel, the US would be spending around $1.5 billion less per day on oil, or $543 billion less per year. Most importantly, however, the US would be spending almost $600 million less per day on oil imports, or $216 […]


Euro crisis or Argentina/Iceland/Malaysia: Which will be the model for future crises?

Euro crisis or Argentina/Iceland/Malaysia: Which will be the model for future crises? thumbnail

Any country that joins the single European currency immediately gives up control of its monetary policy and its exchange rate. With exchange rate risk seemingly removed, interest rates in many of the countries deemed previously to be of higher risk such as Portugal, Italy, Ireland, Greece, and Spain (PIIGS), fell significantly and foreign investment inflows […]


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