Who Is Buying The Islamic State’s Illegal Oil?

In June 2014, computer files captured from a courier for the Islamic State shortly after the fall of Mosul revealed that the group had assets of $875 million, largely gained in the sacking and looting of Mosul and its central bank. The size of the group’s bank account has now risen to an estimated $2 […]

Growing Middle East Threats to U.S. Energy Security

President Obama has finally recognized the growing threat of ISIS in Syria & Iraq and to U.S. national security.  To address this growing threat the Obama Administration has initiated a new Air Campaign to “degrade and destroy ISIS”.  And, to possibly avoid the need for future U.S. Armed Force’s ‘boots on the ground’ President Obama […]

What Happens if Oil Soars to US$150 a Barrel?

Anyone who thinks today’s markets are boring is an imbecile. Anyone who thinks there aren’t any investing opportunities just isn’t looking hard enough. There are plenty of investment opportunities. Some of them are obvious. Others are less obvious. One of the biggest opportunities is in the ‘Dying Empire’. The death of which may still be […]

In Search of Oil Realism

Russell Gold’s Wall Street Journal article “Why Peak-Oil Predictions Haven’t Come True” hit the web yesterday. And given Gold’s position as senior energy reporter for the Journal, this is likely the highest profile Peak Oil article of the year. You may also remember Gold from the great video interviews filmed as part of his book […]

The End of Peak Oil

Peak oil has been an alarmist catch phrase for so long that many of us simply assume that oil production has in fact peaked and we’re well on the way to running out of the world’s favorite fossil fuel. Not so, according to this story in the Wall Street Journal: Have we beaten “peak oil”? […]

‘Peak oil’ will return, just not how the energy worriers imagine

A year ago saw the final post on The Oil Drum, a popular blog — started in 2005 — devoted to discussing the idea that global oil production had peaked. Next up was an age of energy scarcity and economic collapse. Actually what peaked was interest in “peak oil.” As reporter Russell Gold points out […]

Arab World’s Main Exports Are Hatred And Violence

At least since the early part of the 20th century, aside from oil, the Arab world has produced and exported two products. It has produced essentially no technology, medicine or anything else in the world of science. It has almost no contributions to world literature, art or to intellectual development. According to the most recent […]

Oil’s corroding pipeline

Oil and gas burned furiously through the independence referendum campaign. Quite a lot was said by people on both sides who should have known better. It’s now the subject of a conspiracy theory suggesting vast reservoirs were being hidden from voters. Oil and Gas UK, the industry body, has just published its annual economic report, […]

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