The Greatest Economic Collapses In History

The very first major economic collapse in recorded history occurred in 218-202 BC when the Roman Empire experienced money troubles after the Second Punic War. As a result, bronze and silver currencies were devalued. As HowMuch.net depicts in the video below economic collapses date back thousands of years. While many countries today still feel the […]

Charges Dropped for BP Supervisors in Oil Spill

The Gulf of Mexico rig explosion that killed 11 workers and unleashed the nation’s worst offshore oil spill also led to criminal charges against four BP employees, who faced prison time if convicted. But the Justice Department’s decision to drop manslaughter charges against two BP rig supervisors makes it increasingly likely that nobody will spend […]

War planes hit oil region in Syria

War planes from a U.S-led coalition carried out overnight strikes on oil-producing areas in an Islamic State-held part of eastern Syria, a group monitoring the war said on Thursday, after Britain said it had started raids for the first time. The Syrian Observatory for Human Rights did not identify the war planes as British but […]

Over 500 institutions pledge to end fossil fuel investment

More than 500 institutions worldwide, with assets totalling more than €3 trillion, have made some form of commitment to divest from fossil fuels, according to campaign groups 350.org and Divest-Invest. They said the latest commitments, some of which are “partial”, represent another coup for the divestment campaign, “showing that investors are reading the writing on […]

Yes, Turkey IS Buying Oil from ISIS

In response to Russia’s accusation that Turkey is buying oil from ISIS, the Turkish president said that – if that is proven to be true – he’ll resign. It turns out that Turkey is buying oil from ISIS. The Guardian reported this summer: US special forces raided the compound of an Islamic State leader in […]

What Are We Not Seeing?

To say the Pagan community has been distracted over the past few weeks would be a massive understatement. I won’t perpetuate the distraction by listing all the teapot tempests and serious-but-distant crises that grabbed our attention. Though there were notable exceptions, we didn’t do a lot of Paganing and polytheisting in November. Not all of […]

Understanding the new global oil economy

If US imports fall, its interest in a stable Middle East will shrink as that of China and India rises Why have oil prices fallen? Is this a temporary phenomenon or does it reflect a structural shift in global oil markets? If it is structural, it will have significant implications for the world economy, geopolitics […]

Transition from Oil

Podcast: Play in new window | Download Guest Mark Lewis, Former senior analyst for energy, climate, and sustainability research, Kepler Cheuvreux; former head of energy commodities research, Deutsche Bank. On Twitter: @MCL1965 Links Lewis:: Toil for Oil Spells Danger for Majors (Sep 2014) Nelder: The straight dope on oil prices (Dec 2014) Nelder: The future […]

Daniel Yergin: The party is over for oil

When oil prices started taking off in 2004, it was part of the same “commodity supercycle” that sent prices of so many other commodities spiraling up. Oil stayed at the party longer than anyone else but now, the party is over. The driving force was the surge in economic growth from the emerging markets — […]

Why are Fossil Fuels such popular energy sources?

Fossil fuels have been an incredibly successful source of cheap, instant energy. If it was not for climate change and peak oil, they would still be our number one choice. Fossil fuels get their name because they are literally made from fossils — dead organisms (mostly plants) that didn’t decay because they were squashed under […]

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