Economic Growth: How It Works; How it Fails; Why Wealth Disparity Occurs

Economists have put together models of how an economy works, but these models were developed years ago, when the world economy was far from limits. These models may have been reasonably adequate when they were developed, but there is increasing evidence that they don’t work in an economy that is reaching limits. For example, my […]

Chevron CEO: Oil prices will be higher in a year

Oil prices will likely climb in the next year as supply and demand in the market begin to even, Chevron CEO John Watson said Tuesday. “We’ve got a slight imbalance in demand and it’s going to take some time to work that off,” he told CNBC’s “Power Lunch.” Watson did not give a specific price […]

The real danger of the oil collapse

The collapse of the housing bubble sent the world spiraling into recession. The collapse of the energy and commodity bubble threatens to be just as damaging. That few are willing to even use the term “bubble” with regard to the boom and bust in the price of oil, copper, iron ore, and other materials tells […]

The history of oil in reverse

The global benchmark, Brent crude, joined the American one, West Texas Intermediate, below $US40 a barrel this morning in a snowballing reaction to last week’s capitulation by OPEC to the US and Russia. It’s also less obviously a reaction to this week’s climate change talks in Paris, which are heading towards a deal despite Saudi […]

China, Mideast Gas Use to Overtake Europe by 2035

Europe won’t return to peak consumption levels seen in 2010 China’s unconventional gas producion growth uncertain China and the Middle East, spurred by lower prices and ample supply, will drive global natural gas demand growth in the next 25 years as consumption in Europe fails to recover to peak levels seen in 2010, according to […]

OPEC vs. the U.S. Oil Boom

After a year suffering the economic consequences of the oil price slump, OPEC is finally on the cusp of choking off growth in U.S. crude output. The nation’s production is almost back down to the level pumped in November 2014, when the Organization of Petroleum Exporting Countries switched its strategy to focus on battering competitors […]

Why Oil Is About to Start a Huge, Multi-Month Rally

As often happens after large degree trends reach maturity, the crowd becomes fully associated with the what has happened, and misses the next great opportunity. This exact scenario is not only occurring in crude, again (as it did at the low of one lesser trend degree at the 2009 low, but also happened at the 2008 […]

Downscaling of Economic System

The book under review is an ensemble of a variety of “keywords” that are deployed for constructing “counter-hegemonic narratives” of economic growth. These alternatives represent a corpus, deliberately termed as degrowth—instead of a-growth.1 Degrowth: A Vocabulary for a New Era is more of an overview, it is less of an encyclopaedia, and certainly not a […]

Mapping the Emerging Post-Capitalist Paradigm

“We do not live in an era of change, but in a change of eras” is the way Jan Rotmans from the University Rotterdam describes the structural changes impacting our societies. This is also the phrase Michel Bauwens chose to open his latest book yet to be published in English which title is likely to […]

This is how you shut down a pipeline

Today people in so called “Quebec” shut down the valve of Enbridge’s controversial Line 9B pipeline, essentially cutting the flow of tar sands oil to eastern “Canada” Download MP4 (50mb) • Torrent Using tor? Try our archive.org page

Why we still don’t understand civilization collapse

  Eric Cline  wrote an excellent book on the end of the Bronze Age in the Mediterranean region but, unfortunately, it doesn’t arrive to a definite conclusion about the reasons of the collapse. Cline suggests that “several stressors” worked together to ensure the demise of this civilization. But this is very disappointing, to say the […]

Kunstler: Shining a Light

The just-released movie Spotlight is about a Boston Globe investigative reporting team circa 2001-02 that uncovered and documented a vast network of child sex abuse by priests in the Catholic Church that had been on-going for decades. More to the point, Spotlight revealed the institutional rot at the very top of the Boston Catholic Church […]

Ways To Reach Billions Of Barrels Of Oil Trapped In Old Wells

Just a few years ago, you we’re hearing a lot about “fracking”, the technique revolutionizing the oil-drilling business. That business has plummeted with the drop in the price of oil. Now, drillers are using everything from electrically-induced shock waves to acid to bring up oil left behind by conventional drilling.

Will Climate Change Break the Global Food System?

Extreme weather events scuttling harvests. Skyrocketing food prices causing famine for millions and driving multitudes into poverty. Governments toppling – again – in Pakistan and Ukraine. Massive floods driving millions of refugees from their homes in Bangladesh and putting pressure on neighboring India. Droughts devastating harvests in traditional bread baskets like the U.S. and Brazil. […]

Selective Anti-Modernism and the Shape of ‘Society

As far as the individual is concerned, each individual is in any case a child of his time; thus philosophy, too, is its own time comprehended in thoughts.  It is just as foolish to imagine that any philosophy can transcend its contemporary world as that an individual can overleap his own time or leap over […]

Egypt Update: Net Oil Importer and Chokepoints

Oil production and consumption Fig 1: Oil production vs consumption After a post-peak decline production has stabilized but consumption has increased relentlessly at a long-term 1.7% pa, slightly below population growth of around 2% pa. Egypt is now a net oil importer. On these trends, the gap between consumption and production is likely to get […]

OPEC Unshackled From Quota Could Add Millions of Barrels

Everyone does what they want’ from now on, says Iran Saudi Arabia, Libya, Iran could ship more crude to market OPEC’s new free-for-all production stance could lift the lid on millions of barrels of additional crude supply next year. “Everyone does whatever they want” now that the Organization of Petroleum Exporting Countries has effectively abandoned […]

Paris climate change talks yield first draft

Negotiators paving the way for a global climate change agreement in Paris have cleared a major hurdle, producing a draft accord in record time and raising hopes that a full week of minister-led talks can now clinch a deal despite many sticking points. No part of the deal has been finalised because in the end […]

Operating in a World of $50 Oil

While hopes for a reversal in oil prices may have faded just after mid-August when U.S. crude oil futures slipped to a six-and-a half year low, the battered petroleum industry continues to plod along in its search for ways to steer through these difficult times. Last month, some industry players met in Singapore for the […]

Crude Price Crash Could Drill a 19-Million-Barrel Hole in Future Supplies

Each day crude prices remain weak, it puts the industry one step closer to a potential day of reckoning. In the near term, that reckoning could be with the industry’s banks and credit investors, which are growing worried about the impact that low oil prices will have on the entire industry’s ability to pay back […]

Demand for OPEC crude to rise by 1.2m barrels daily in 2016

Dr Ibe Kachikwu, the President, Organisation of Petroleum Exporting Countries (OPEC), says the demand for OPEC crude is expected to rise by 1.2 million barrels per day in 2016. This is contained in a statement signed by Ohi Alegbe, NNPC’s Group General Manager, Group Public Affairs Division, and released to newsmen in Abuja on Saturday. The […]

IEA Chief Forecast for $80 Oil

Oil prices will start climbing in 2017, rising to $80 a barrel in coming years as production declines in some regions and global demand continues to grow, the executive director of the International Energy Agency said Tuesday. Robust output in the U.S., Saudi Arabia and other countries has resulted in a glut of crude , […]

Why Is The U.S. Reluctant To Bomb ISIS Oil Fields?

There has been some revealing new information coming out recently regarding the strategy against ISIS. One aspect many find troubling is the apparent failure of U.S. and coalition forces to sufficiently target and destroy oil infrastructure located in ISIS territory, which accounts for a significant portion of the terror group’s annual income. The argument goes, […]

China expected to double strategic oil purchases

China is likely to double its strategic crude oil purchases next year as one of the biggest ever price routs spurs a buying spree that would offer some support to battered markets for the commodity. Beijing will add 70-90 million barrels of crude to storage tanks in 2016 to build up its strategic petroleum reserves […]

The Price of Oil in Terms of Demand

Jason Schenker, president and chief economist at Prestige Economics, discusses the outlook for oil and the coming OPEC summit. He speaks with Ryan Chilcote on Bloomberg Television’s “The Pulse.” Bloomberg

Peak oil is a reality with serious consequences

Sir, Martin Wolf, in “Cheap oil puts humanity on a slippery slope” (December 2) states: “The emergence of shale oil underlines what was already fairly clear, namely, that the global supply capacity is not only enormous but expanding. Forget peak oil.” He is mistaken. Even the International Energy Agency acknowledges that conventional oil production peaked […]

Prices Are Expected To Stay Low

As the world’s oil producers gather in Vienna, they are all hurting from prices that crashed a year ago and are hovering at a little over $40 a barrel. One country, Saudi Arabia, could probably drive up prices if it wanted to cut its production. But the Saudis appear willing to endure the pain rather […]

Higher levels of Fukushima cesium detected

Scientists monitoring the spread of radiation in the ocean from the Fukushima nuclear accident report finding an increased number of sites off the US West Coast showing signs of contamination from Fukushima. This includes the highest detected level to date from a sample collected about 1,600 miles west of San Francisco. The level of radioactive […]

Mitchell Rabin & Carolyn Discuss The Global Crisis

This evening’s show looks closely at society’s collapsing institutions and infra-structure, against a backdrop of eco-systemic collapse, extreme weather, massive pollution and Climate Change and how we humans navigate and are to emotionally deal with, adapt to this severe situation of life as we know it changing dramatically before our very eyes. Can we adapt […]

Abiogenic Petroleum: Peak Oil and Fossil Fuels – Debunked

Episode 241 is a very important discussion regarding oil and so-called “fossil fuels” and “peak oil”, with Greg Quinones, titled: “Abiogenic Petroleum: Peak Oil and “Fossil Fuels” – Debunked”. This episode is being released for Thursday, December 03, 2015, and was recorded November 22. Greg Quinones is a business consultant, writer, public speaker, trainer and […]

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